Japan Pulp and Paper Company (8032) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥405,548 million, down 1.5% year-over-year.

• Operating profit declined 18.9% year-over-year to ¥11,489 million.

• Profit attributable to owners of parent fell 15.7% year-over-year to ¥6,975 million.

• Comprehensive income decreased 50.0% year-over-year to ¥7,899 million.

Financial highlights

• Gross profit was ¥66,859 million, nearly flat year-over-year.

• Ordinary profit dropped 13.3% year-over-year to ¥11,915 million.

• Basic earnings per share for the period was ¥56.62, adjusted for a 10-for-1 stock split.

• Total assets increased to ¥403,981 million as of December 31, 2024, from ¥372,645 million at March 31, 2024.

• Net assets rose to ¥142,652 million, with an equity ratio of 32.4%.

Outlook and guidance

• Full-year revenue forecast is ¥16,000 million in operating profit, up 4.5% year-over-year.

• Profit attributable to owners of parent is forecast at ¥9,000 million, with basic EPS of ¥73.06 (post-split).

• Dividend forecast for FYE March 2025 is ¥12.50 per share (post-split) for the year-end.