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Japan Pulp and Paper Co. Ltd. (8032) AI Stock Analysis

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JP:8032

Japan Pulp and Paper Co. Ltd.

(TSE/TYO:8032)

Select Model
Rating:64Neutral
Price Target:JPY 1,485.00▲(33.90% 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
Revenue GrowthRecent revenue expansion indicates the distribution platform continues to generate demand across paper, packaging, and industrial materials. Although growth has been uneven, the latest improvement supports ongoing scale, customer activity, and the company’s ability to sustain its market role over the next several quarters.
Negative Factors
Margin CompressionThe sharp decline in net and operating margins materially weakens earnings resilience even as revenue grows. Because gross margin stayed broadly in the mid-teens, pressure appears below gross profit, suggesting costs or other items are limiting the durability of profits and operating leverage.

Japan Pulp and Paper Co. Ltd. (8032) vs. iShares MSCI Japan ETF (EWJ)

-20%0%20%40%60%80%100%JP:8032+59.27%EWJ+15.75%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 123.88B
Dividend Yield
3.43%
Average Volume (3M)
272.50K
Price to Earnings (P/E)
17.5
Beta (1Y)
0.87
Revenue Growth
12.36%
EPS Growth
175.55%
Country
Japan
Employees
4,705
Sector
General
Sector Strength
55
Industry
Paper, Lumber & Forest Products

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 manufacturing...

Japan Pulp and Paper Co. Ltd. Financial Statement Overview

Summary

Stable-to-moderate fundamentals: leverage improved (debt-to-equity below 1.0x in 2024–2026) and free cash flow has been consistently positive in 2024–2026 (~¥17–19B). The main drag is materially weaker profitability since 2023, with net margin down to ~0.8% and ROE down to ~3.7% in 2026.

Income Statement

56Neutral

Balance Sheet

60Neutral

Cash Flow

64Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue618.32B606.78B554.52B534.23B545.28B444.76B
Gross Profit108.25B105.44B91.47B87.41B86.32B72.45B
EBITDA27.00B25.80B26.72B30.87B50.87B30.48B
Net Income5.37B4.72B7.57B10.36B25.39B11.50B
Balance Sheet
Total Assets412.37B394.70B392.23B372.64B385.13B338.94B
Cash, Cash Equivalents and Short-Term Investments27.52B25.82B19.58B17.81B31.14B13.01B
Total Debt115.26B114.58B112.64B103.92B119.19B117.93B
Total Liabilities269.18B253.80B246.67B234.30B256.83B238.62B
Stockholders Equity130.95B128.93B134.07B127.60B118.43B92.91B
Cash Flow
Free Cash Flow018.90B17.28B17.22B-7.77B9.75B
Operating Cash Flow024.55B21.01B20.89B304.00M14.01B
Investing Cash Flow0-1.18B-11.22B-2.92B23.67B-4.08B
Financing Cash Flow0-16.79B-9.34B-31.68B-10.09B-9.83B

Japan Pulp and Paper Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price1109.00

Price Trends

50DMA1252.36Negative
100DMA1187.27Negative
200DMA1122.39Negative

Market Momentum

MACD-26.74Positive
RSI28.86Positive
STOCH6.56Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8032, the sentiment is Negative. The current price of 1109.00 is below the 20-day moving average (MA) of 1292.15, below the 50-day MA of 1252.36, and below the 200-day MA of 1122.39, indicating a bearish trend. The MACD of -26.74 indicates Positive momentum. The RSI at 28.86 is Positive, neither overbought nor oversold. The STOCH value of 6.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8032.

Japan Pulp and Paper Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:8032 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:8032JP:803264NeutralJPY 129.03B17.51―3.43%12.36%175.55%
JP:3861JP:386162NeutralJPY 705.03B11.575.99%4.39%3.44%87.22%
JP:3865JP:386562NeutralJPY 130.23B19.722.61%3.22%-5.23%-55.21%
JP:3880JP:388058NeutralJPY 166.37B20.263.48%1.42%1.33%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:3863JP:386354NeutralJPY 141.07B8.553.20%1.23%4.09%-7.89%
JP:3864JP:386454NeutralJPY 52.41B9.595.78%1.86%-8.09%76.25%

* General Sector Average

Performance Comparison

0%25%50%75%100%JP:8032JP:3864JP:3863JP:3861JP:3865JP:3880Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:8032 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:8032Japan Pulp and Paper Co. Ltd.1109.00408.8258.39%
JP:3864Mitsubishi Paper Mills 1183.00589.5199.33%
JP:3863Nippon Paper Industries Co1216.00118.8610.83%
JP:3861Oji Holdings Corp820.2059.447.81%
JP:3865Hokuetsu Corporation808.00-10.81-1.32%
JP:3880Daio Paper Corporation983.0099.2511.23%

Japan Pulp and Paper Co. Ltd. Corporate Events

Japan Pulp & Paper Repurchases 803,900 Shares in October

Nov 2, 2026

Japan Pulp & Paper Co., Ltd. is a Tokyo-listed pulp and paper company providing paper, pulp and related products to the Japanese market.The company repurchased 803,900 common shares for ¥1.04 billion through Tokyo Stock Exchange market transactions f...

Japan Pulp & Paper Advances Share Buyback Program on Tokyo Stock Exchange

Oct 1, 2026

Japan Pulp & Paper Co., Ltd. has been executing a share repurchase program authorized by its board of directors on August 7, 2026, under provisions of the Companies Act. The plan allows market purchases of up to 5,000,000 common shares, representing...

Japan Pulp & Paper Delivers Strong Q1 Earnings and Confirms Bullish Full-Year Outlook

Sep 4, 2026

Japan Pulp & Paper Co., Ltd., listed on the Tokyo Stock Exchange under code 8032, operates in the pulp, paper and related products trading industry. The company functions as a comprehensive paper distributor, handling a broad range of paper, packagin...

Japan Pulp & Paper Begins Execution of Share Buyback Program

Sep 1, 2026

Japan Pulp & Paper Co., Ltd. has begun executing a share repurchase program authorized by its board on August 7, 2026, targeting up to 5 million common shares, or 4.5% of its outstanding stock, with a maximum outlay of JPY 6 billion. The move is part...

Japan Pulp & Paper Revamps Executive Lineup and Confirms New Management Structure

Aug 28, 2026

Japan Pulp & Paper Co. Ltd. has announced changes to its executive officer lineup, appointing Tomoyuki Morioka as executive officer and general manager of the Kitanihon Branch from October 1, 2026, succeeding retiring executive officer and branch gen...

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 mater...

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.

Date of analysis: Aug 17, 2026