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Nippon Paper Industries, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 9%, Oct-Dec Ordinary Profit Decreases by 51%

Fri Feb 6, 2026 3:00 pm JST Earnings

3863 Nippon Paper Industries Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Paper Industries Co.,Ltd. <3863> [TSE Prime] announced its financial results in the afternoon session on February 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 9.0% from the same period last year, reaching 13.9 billion yen. However, Progress toward the full-year plan of 24.0 billion yen was 58.2%, almost the same as the five-year average of 59.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 3.7 times that of the same period last year, reaching 10.0 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 5.40 billion yen, a 50.9% decrease compared to the same period last year. The operating profit margin worsened from 3.0% in the same period last year to 2.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 874,516 9,307 7,604 -8,297 -71.9 52.3 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 886,273 11,096 12,805 57 0.5 82.6 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 889,522 15,037 13,956 7,752 67.1 58.2 Feb 6, 2026 J-GAAP
YoY +0.4% +35.5% +9.0% +13,500.0% +13,326.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 597,892 17,650 13,715 16,892 146.4 10 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 610,783 20,994 15,453 9,246 80.0 10 Nov 6, 2025 J-GAAP
YoY +2.2% +18.9% +12.7% -45.3% -45.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,167,314 17,266 14,550 22,747 197.1 10 May 15, 2024 J-GAAP
Mar, 2025 1,182,431 19,706 15,505 4,539 39.3 10 May 15, 2025 J-GAAP
Mar, 2026 Guidance 1,200,000 30,000 24,000 10,000 86.6 15 Nov 6, 2025 J-GAAP
YoY +1.5% +52.2% +54.8% +120.3% +120.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 301,734 9,040 11,015 12,410 108.9 3.0 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 296,158 8,610 2,700 4,482 38.8 2.9 May 15, 2025 J-GAAP
Apr - Jun, 2025 292,629 5,485 5,551 1,905 16.5 1.9 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 296,588 3,521 2,996 -1,151 -10.0 1.2 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 300,305 6,031 5,409 6,998 60.6 2.0 Feb 6, 2026 J-GAAP
YoY -0.5% -33.3% -50.9% -43.6% -44.3%

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