1. Japan Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Japan Pulp and Paper Co. Ltd.

Japan Pulp and Paper Co. Ltd.

TTSE:8032
1,354.00
JPY
+25.00
(+1.88%)
116.36BMarket Cap
Nov 09Next Earn
Japan Pulp and Paper Co. Ltd.
TSE:8032
(Tokyo Stock Exchange)

Recent

price

1,354.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
3,295.69
3,492.7
3,475.35
3,771.27
3,688.87
3,642.86
3,596.25
3,607.93
3,799.72
3,863.19
3,385.91
3,246.88
3,975.21
4,338.15
5,765.03
5,077.92
- -
Revenue per Share
23.36
20.28
-15.88
6.78
21.96
24.45
39.27
42.92
27.47
36.5
26.69
83.95
185.11
84.1
78.69
39.5
- -
Basic EPS, GAAP
-8.46
-34.24
84.94
-23.87
-71.2
26.48
63.51
-10.24
2.46
101.69
169.08
69.42
-58.41
135
170.74
153.48
- -
Free Cash Flow per Basic Share
10.01
10.01
10.08
10.01
10.01
10.15
10.07
9.84
10.62
11.15
11.1
11.15
12.15
14.1
24.78
27.83
- -
Dividend per Share
451.52
454.13
461.32
499.17
544.87
525.75
561
618.61
615.83
589.38
611.22
678.01
863.3
1,036.19
1,088.32
1,145.73
- -
Book Value per Share
441.85
435.26
442.41
482.39
529.21
508.06
545.04
577.56
574.26
524.81
560.15
651.52
822.58
982.61
996.06
1,048.81
- -
Tangible Book Value per Share
146
146
145
144
144
139
136
145
141
138
137
137
137
123
96
119
117
Basic Weighted Avg Shares
482,143
510,923
505,205
541,897
530,164
506,631
490,672
521,526
535,495
534,782
462,922
444,757
545,279
534,230
554,524
606,779
- -
Sales/Revenue/Turnover
3.46
1.07
1.33
1.45
1.22
1.26
1.69
1.94
2.02
2.04
1.92
3.16
3.72
3.26
2.72
1.79
- -
Operating Margin (%)
2,241
3,981
4,248
4,434
4,732
5,451
5,166
6,219
7,357
9,357
9,714
9,986
9,278
10,036
9,683
11,437
- -
Depreciation Expense
3,418
2,967
-2,309
974
3,156
3,400
5,358
6,204
3,871
5,053
3,649
11,499
25,392
10,357
7,569
4,720
- -
Net Income, GAAP
34.85
51.18
308.36
69.98
43.84
36.5
26.43
33.14
41.66
41.07
40.43
33.48
32.2
33.69
38.76
47.3
- -
Effective Tax Rate (%)
0.71
0.58
-0.46
0.18
0.6
0.67
1.09
1.19
0.72
0.94
0.79
2.59
4.66
1.94
1.36
0.78
- -
Profit Margin (%)
15,071
6,210
-1,707
159
-1,445
837
5,776
-5,323
-5,791
7,713
8,731
18,540
47,572
33,626
41,903
38,135
- -
Working Capital
30,955
31,933
22,794
31,309
41,451
47,833
44,913
41,597
46,010
71,927
69,176
64,443
56,310
33,038
42,477
37,929
- -
LT Debt
68,164
68,573
69,011
74,717
82,522
76,704
80,784
94,735
94,745
87,245
89,873
100,316
128,296
138,349
145,565
140,908
- -
Total Equity
2.39
1.76
-8.87
1.45
1.99
2.09
3.27
3.42
2.91
2.89
2.42
4.32
5.74
4.58
3.65
2.2
- -
Return on Invested Capital (%)
2.96
2.28
-3.67
0.81
1.68
1.94
3.01
3.2
1.84
2.36
1.61
5.23
10.88
4.51
3.26
1.97
- -
Return on Capital (%)
5.19
4.48
-3.48
1.41
4.21
4.51
7.19
7.59
4.45
6.04
4.45
13.03
24.03
8.42
5.79
3.59
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
57,755
76,647
- -
LT Borrowings
30,191
28,959
- -
LT Finance Leases
- -
8,970
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
123
113
110
Market Capitalization
88,021
116,357
117,486

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
221,523
240,495
- -
Cash, Cash Equivalents & STI
15,855
25,825
- -
Accounts Receivable, Net
134,462
139,007
- -
Inventories
63,463
68,596
- -
Total Current Liabilities
182,294
202,360
- -
Payables & Accruals
- -
- -
- -
ST Debt
57,755
76,647
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.71%
9.87%
-3.2%
Free Cash Flow
338.74%
-108.03%
11.67%
Net Income, GAAP
25.07%
42.44%
-37.64%
Sales/Revenue/Turnover
2.21%
5.97%
9.42%
Total Cash Common Dividend
9.83%
18.15%
39.51%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
554,524
2026
- -
- -
- -
- -
606,779
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
78.69
2026
- -
- -
- -
- -
39.5
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
24.78
2026
- -
- -
- -
- -
27.83
2027
- -
- -
- -
- -
- -
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Business
Japan Pulp and Paper Company Limited (8032.T) is a Japan-based trading company primarily engaged in the wholesale distribution of pulp, paper, paperboards, and related products; it also manufactures and processes paper products, recycles raw materials, generates renewable energy, develops ICT systems, and leases real estate. Founded in 1845 and formally established in 1916, the company is headquartered at Forefront Tower, 3-12-1 Kachidoki, Chuo-Ku, Tokyo 104-8656, Japan, and operates through five main segments: Domestic Wholesale, which handles sales of papers, paperboards, information equipment, warehousing, transportation, and information services; Overseas Wholesale, focusing on international sales of paper products; Paper Processing, involving manufacturing and processing of paper and paperboards; Environmental Raw Materials, covering waste paper and pulp sales, recycling, and power generation; and Real Estate Leasing. The company serves diverse industries and daily consumer needs across 22 countries and regions, with 52.8% of revenue from outside Japan, supported by 133 group companies and 4,831 consolidated employees as of March 31, 2025. Recent strategic expansions include the October 2024 acquisitions of Inapa Deutschland GmbH in Germany and Inapa France SAS in France to strengthen its European paper distribution network, alongside earlier moves such as the April 2025 acquisition of Seibunsha to bolster domestic wholesale operations and the March completion of a 20% stake in Masuko Seishi K.K. In November 2025, the company announced changes to its dividend policy introducing a DOE index, increased dividend forecasts for the fiscal year ending March 31, 2026, and ongoing share repurchases via ToSTNeT-3, reflecting efforts to enhance shareholder returns amid consolidated revenue of 554.5 billion yen.