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JAPAN PULP AND PAPER, Net Income Forecast for the Fiscal Year Revised Upward by 2.0 times

Tue Dec 23, 2025 1:00 pm JST Revision

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

Guidance Update Report

JAPAN PULP AND PAPER COMPANY LIMITED <8032> [TSE Prime] announced a performance revision in the afternoon session on December 23rd (13:00). The consolidated net income forecast for the fiscal year ending March 2026 has been revised upward 2.0 times, from the previous forecast of 2.00 billion yen to 4.00 billion yen (compared to 7.56 billion yen in the previous period), and the declining rate is expected to decrease from 73.6% to 47.2%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income is expected to increase 2.9 times, from the previous forecast of 1.08 billion yen to 3.08 billion yen (compared to 1.85 billion yen in the same period of the previous year), turning to a 66.0% increase in the consolidated net income outlook.

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Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 7,173 6,752 1,080 9.4 20 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 7,173 6,752 3,080 26.8 20 Dec 23, 2025 J-GAAP
Revision Rate 0.0% 0.0% +185.2% +185.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 11,500 10,500 2,000 17.4 34 Nov 6, 2025 J-GAAP
Mar, 2026 New 11,500 10,500 4,000 34.8 34 Dec 23, 2025 J-GAAP
Revision Rate 0.0% 0.0% +100.0% +99.9%

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 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 11,500 10,500 4,000 34.8 34 Dec 23, 2025 J-GAAP
YoY -23.7% -33.6% -47.2% -43.3%

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