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Japan Pulp and Paper Co. Ltd.
(8032)
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Rating:64Neutral
Price Target:
¥1,334.00
▲(51.42% Upside)
Action:Reiterated
Date:08/17/26
Overall score reflects solid technical strength (price above major moving averages with positive momentum) and supportive recent cash generation alongside improved leverage, offset by sharply weaker profitability/returns versus 2023 and a relatively high P/E despite a moderate dividend yield.
Positive Factors
Recent revenue expansion
Recent top-line expansion indicates continued demand across the company’s paper, paperboard, packaging, and distribution activities. Sustained volume or mix growth can support the breadth of its customer relationships and preserve its role in the supply chain.
Negative Factors
Severe margin compression
The sharp decline in operating and net margins indicates materially weaker earnings power despite revenue growth. Because gross margin remained relatively stable, pressure appears concentrated below gross profit, suggesting persistent overhead or other cost challenges.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent revenue expansion
Recent top-line expansion indicates continued demand across the company’s paper, paperboard, packaging, and distribution activities. Sustained volume or mix growth can support the breadth of its customer relationships and preserve its role in the supply chain.
Read all positive factors
Japan Pulp and Paper Co. Ltd. (8032) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥139.60B
Dividend Yield2.8%
Average Volume (3M)212.03K
Price to Earnings (P/E)26.2
Beta (1Y)0.75
Revenue Growth9.61%
EPS Growth-3.44%
CountryJP
Employees4,705
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)46.45
Shares Outstanding120,215,510
10 Day Avg. Volume153,100
30 Day Avg. Volume212,026
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)0.96
Price to Sales (P/S)0.20
P/FCF Ratio6.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)78.72
Revenue Forecast (FY)¥510.20B
Japan Pulp and Paper Co. Ltd. Business Overview & Revenue Model
Company Description
Japan Pulp and Paper Company Limited, established in Tokyo, Japan in 1845, is a globally engaged enterprise specializing in the comprehensive lifecycle of paper, pulp, and related products. The company's extensive activities include the manufactur...
How the Company Makes Money
The company primarily makes money through (1) distribution/wholesale margins earned by purchasing paper, paperboard, and packaging-related products from manufacturers and reselling them to printers, packaging converters, publishers, and corporate ...
Japan Pulp and Paper Co. Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
60
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 618.32B | 606.78B | 554.52B | 534.23B | 545.28B | 444.76B |
| Gross Profit | 108.25B | 105.44B | 91.47B | 87.41B | 86.32B | 72.45B |
| EBITDA | 27.00B | 25.80B | 26.72B | 30.87B | 50.87B | 30.48B |
| Net Income | 5.37B | 4.72B | 7.57B | 10.36B | 25.39B | 11.50B |
Balance Sheet | ||||||
| Total Assets | 412.37B | 394.70B | 392.23B | 372.64B | 385.13B | 338.94B |
| Cash, Cash Equivalents and Short-Term Investments | 27.52B | 25.82B | 19.58B | 17.81B | 31.14B | 13.01B |
| Total Debt | 115.26B | 114.58B | 112.64B | 103.92B | 119.19B | 117.93B |
| Total Liabilities | 269.18B | 253.80B | 246.67B | 234.30B | 256.83B | 238.62B |
| Stockholders Equity | 130.95B | 128.93B | 134.07B | 127.60B | 118.43B | 92.91B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 18.90B | 17.28B | 17.22B | -7.77B | 9.75B |
| Operating Cash Flow | 0.00 | 24.55B | 21.01B | 20.89B | 304.00M | 14.01B |
| Investing Cash Flow | 0.00 | -1.18B | -11.22B | -2.92B | 23.67B | -4.08B |
| Financing Cash Flow | 0.00 | -16.79B | -9.34B | -31.68B | -10.09B | -9.83B |
Japan Pulp and Paper Co. Ltd. Technical Analysis
Positive
881.00
Price Trends
1142.94
Positive
1130.29
Positive
1022.33
Positive
Market Momentum
21.16
Positive
57.32
Neutral
34.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8032, the sentiment is Positive. The current price of 881 is below the 20-day moving average (MA) of 1203.95, below the 50-day MA of 1142.94, and below the 200-day MA of 1022.33, indicating a bullish trend. The MACD of 21.16 indicates Positive momentum. The RSI at 57.32 is Neutral, neither overbought nor oversold. The STOCH value of 34.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8032.
Japan Pulp and Paper Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ¥139.60B | 26.18 | ― | 3.19% | 9.61% | -3.44% | |
62 Neutral | ¥744.44B | 12.44 | 5.27% | 4.08% | 0.22% | 208.36% | |
57 Neutral | ¥53.03B | 9.78 | 2.17% | 2.31% | -8.09% | 76.25% | |
56 Neutral | ¥162.32B | 16.79 | 2.43% | 0.99% | 2.22% | 27.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ¥145.42B | 22.58 | 2.79% | 2.81% | -5.23% | -55.21% | |
52 Neutral | ¥163.55B | 20.30 | 3.83% | 1.53% | 1.33% | ― |
* General Sector Average
JP:8032
Japan Pulp and Paper Co. Ltd.
1,216.00
546.36
81.59%
JP:3864
Mitsubishi Paper Mills
1,199.00
536.35
80.94%
JP:3863
Nippon Paper
1,396.00
216.04
18.31%
JP:3861
Oji Holdings
881.50
103.21
13.26%
JP:3865
Hokuetsu Corporation
923.00
-61.68
-6.26%
JP:3880
Daio Paper Corporation
983.00
114.53
13.19%
Japan Pulp and Paper Co. Ltd. Corporate Events
Japan Pulp & Paper Launches ¥6 Billion Share Buyback to Boost Shareholder Returns
Aug 7, 2026
Japan Pulp Paper Co., Ltd. has approved a share buyback as part of its OVOL Medium-term Business Plan 2026, which runs through the fiscal year ending March 2027 and emphasizes proactive shareholder returns in line with capital market expectations...
Japan Pulp & Paper Posts Strong Quarterly Profit, Confirms Outlook and Buyback Plan
Aug 7, 2026
Japan Pulp Paper Co., Ltd., a Tokyo-listed player in the pulp, paper and related products sector, operates as a comprehensive trading and distribution company across domestic and overseas markets. Its scale and diversified operations in paper mat...
Japan Pulp & Paper Posts Higher Revenue but Profit Slump, Raises Dividend and Signals Earnings Rebound
Jun 5, 2026
Japan Pulp Paper reported a 9.4% rise in revenue to ¥606.8 billion for the fiscal year ended March 31, 2026, but operating profit fell 28% and profit attributable to owners of the parent dropped 37.6%, as margins weakened and profitability i...
Japan Pulp & Paper Completes Near‑Full ¥5.5 Billion Share Buyback
Jun 2, 2026
Japan Pulp Paper has completed a board-authorized share repurchase program under Japan’s Companies Act, buying back 18,100 common shares on June 1 via market purchases on the Tokyo Stock Exchange. The transaction, executed through a discret...
Japan Pulp & Paper Nears Completion of Aggressive Share Buyback Program
Jun 1, 2026
Japan Pulp Paper Co., Ltd. has been actively repurchasing its own common shares on the Tokyo Stock Exchange under a Board-approved buyback program aimed at managing capital structure and enhancing shareholder value. Between May 1 and May 31, 2026...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.