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JAPAN PULP AND PAPER, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 38%

Mon Feb 9, 2026 1:00 pm JST Earnings

8032 JAPAN PULP AND PAPER COMPANY LIMITED 【J-GAAP】

Earnings Report

JAPAN PULP AND PAPER COMPANY LIMITED <8032> [TSE Prime] announced its financial results in the afternoon session on February 9th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 37.5% from the same period last year to 7.44 billion yen. Progress toward the full-year plan of 10.5 billion yen was 70.9%, also falling below the five-year average of 78.2%.

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 decrease 21.8% from the same period last year to 3.05 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 3.69 billion yen, an increase of 0.9% compared to the same period last year. However, the operating profit margin worsened from 2.6% in the same period last year to 2.1%.

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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 411,557 14,162 13,855 8,270 61.7 82.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 405,548 11,489 11,915 6,975 56.6 75.3 Feb 10, 2025 J-GAAP
Apr - Dec, 2025 442,941 7,626 7,446 5,080 41.9 70.9 Feb 9, 2026 J-GAAP
YoY +9.2% -33.6% -37.5% -27.2% -26.1%

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 276,105 6,886 7,572 1,855 15.1 12.50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー 7,173 6,752 3,080 26.8 20 Dec 23, 2025 J-GAAP
YoY － +4.2% -10.8% +66.0% +78.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 534,230 17,403 16,753 10,357 78.9 13 May 10, 2024 J-GAAP
Mar, 2025 554,524 15,071 15,822 7,569 61.4 25 May 14, 2025 J-GAAP
Mar, 2026 Guidance ー 11,500 10,500 4,000 34.8 34 Dec 23, 2025 J-GAAP
YoY － -23.7% -33.6% -47.2% -43.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 127,129 3,304 3,665 1,261 10.2 2.6 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 148,976 3,582 3,907 594 4.8 2.4 May 14, 2025 J-GAAP
Apr - Jun, 2025 144,739 2,428 2,602 1,166 9.5 1.7 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 142,392 1,899 1,146 -246 -2.0 1.3 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 155,810 3,299 3,698 4,160 34.3 2.1 Feb 9, 2026 J-GAAP
YoY +22.6% -0.2% +0.9% +229.9% +234.7%

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