Japan Pulp and Paper Company (8032) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2024, rose 2.6% year-over-year to ¥278,419 million, with operating profit down 7.7% to ¥8,185 million and ordinary profit down 7.4% to ¥8,250 million.

• Profit attributable to owners of parent increased 7.3% year-over-year to ¥5,714 million, while comprehensive income declined 15.7% to ¥10,201 million.

• A stock split at a 10-for-1 ratio was conducted on October 1, 2024, impacting EPS and dividend calculations.

Financial highlights

• Gross profit increased to ¥45,939 million from ¥43,633 million year-over-year.

• Basic earnings per share for the period was ¥46.38, up from ¥38.81 year-over-year (adjusted for stock split).

• Total assets as of September 30, 2024, were ¥375,057 million, with net assets at ¥147,757 million and an equity ratio of 36.3%.

• Dividend per share forecast for FYE March 2025 is ¥12.50 (post-split), with a full-year forecast EPS of ¥81.20.

Outlook and guidance

• Full-year revenue and profit guidance for FYE March 2025: operating profit ¥18,000 million (+3.4% YoY), ordinary profit ¥18,000 million (+7.4% YoY), profit attributable to owners of parent ¥10,000 million (-3.4% YoY).

• No revisions to previously announced forecasts.