Oji Holdings Corporation logo

Oji Holdings Corporation

3861.T

JPXBasic MaterialsPaper, Lumber & Forest Products

Latest quote

¥876

+¥9.30 · +1.07%

Aug 24, 3:30 PM JST

3861.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Oji Holdings Corporation, a prominent Japanese conglomerate, operates globally across the pulp and paper sector. Its diverse business activities are structured into four key segments. The Household and Industrial Materials division delivers a wide array of products, from containerboards, corrugated packaging, and various paper bags to household essentials like tissue paper, toilet rolls, kitchen towels, wet wipes, and even disposable diapers and face masks. Within the Functional Materials segment, the company produces specialty papers, thermal papers, adhesive solutions, and films. Its Forest Resources and Environment Marketing division oversees forestry plantations, timber processing, and pulp production, alongside providing energy, fuels, chemicals, and broader material procurement services. The Printing and Communications Media division focuses on manufacturing papers for newsprint, general printing, publications, and communication purposes. Additionally, Oji Holdings has vested interests in real estate, engineering, trading, and logistics ventures. Founded in 1873 as Oji Paper Co., Ltd., the company rebranded as Oji Holdings Corporation in October 2012 and maintains its headquarters in Tokyo, Japan.

Industry
Paper, Lumber & Forest Products
Sector
Basic Materials
Headquarters
JP
CEO
Hiroyuki Isono
Listed since
Dec 16, 1949
Employees
38,757

Market position

Day range

Current ¥876

52-week range

Current ¥876

Open
¥869.1
Previous close
¥866.7
Volume
2.45M
0.59× average
Average volume
4.18M
Average daily volume
Market cap
743.93B JPY
Beta
0.08
Market reference 1
50-day average
¥836.84
+4.68% above average
200-day average
¥853.69
+2.61% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.66T JPY
P/E (TTM)
12.36×
P/B (TTM)
0.69×
P/S (TTM)
0.4×
EV / EBITDA
8.21×
Earnings yield
7.21%
Free cash flow yield
2.72%
Dividend yield
4.11%

Profitability & efficiency

Gross margin
17.41%
Operating margin
1.86%
Net margin
3.41%
Return on equity
5.04%
Return on assets
2.07%
Return on invested capital
0.94%

Financial health

Debt / equity
0.95×
Current ratio
1.07×
Altman Z-score
1.42
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%17%8%-0%Gross margin, FY2022: 23.01%Gross margin, FY2023: 19.57%Gross margin, FY2024: 18.74%Gross margin, FY2025: 18.32%Gross margin, FY2026: 16.79%Operating margin, FY2022: 8.17%Operating margin, FY2023: 4.97%Operating margin, FY2024: 4.28%Operating margin, FY2025: 3.66%Operating margin, FY2026: 1.86%Net margin, FY2022: 5.95%Net margin, FY2023: 3.31%Net margin, FY2024: 3.00%Net margin, FY2025: 2.50%Net margin, FY2026: 2.99%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 23.01%. Gross margin FY2023 19.57%. Gross margin FY2024 18.74%. Gross margin FY2025 18.32%. Gross margin FY2026 16.79%. Operating margin FY2022 8.17%. Operating margin FY2023 4.97%. Operating margin FY2024 4.28%. Operating margin FY2025 3.66%. Operating margin FY2026 1.86%. Net margin FY2022 5.95%. Net margin FY2023 3.31%. Net margin FY2024 3.00%. Net margin FY2025 2.50%. Net margin FY2026 2.99%.

Income trends

Revenue

1.86T JPY+0.67%

Operating income

34.58B JPY-48.91%

Net income

55.58B JPY+20.39%
Income trends across reported periods2.04T JPY1.31T JPY582.72B JPY−148.13B JPYRevenue, FY2022: 1.47T JPYRevenue, FY2023: 1.71T JPYRevenue, FY2024: 1.7T JPYRevenue, FY2025: 1.85T JPYRevenue, FY2026: 1.86T JPYOperating income, FY2022: 120.12B JPYOperating income, FY2023: 84.82B JPYOperating income, FY2024: 72.6B JPYOperating income, FY2025: 67.69B JPYOperating income, FY2026: 34.58B JPYNet income, FY2022: 87.51B JPYNet income, FY2023: 56.48B JPYNet income, FY2024: 50.81B JPYNet income, FY2025: 46.17B JPYNet income, FY2026: 55.58B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.47T JPY. Revenue FY2023 1.71T JPY. Revenue FY2024 1.7T JPY. Revenue FY2025 1.85T JPY. Revenue FY2026 1.86T JPY. Operating income FY2022 120.12B JPY. Operating income FY2023 84.82B JPY. Operating income FY2024 72.6B JPY. Operating income FY2025 67.69B JPY. Operating income FY2026 34.58B JPY. Net income FY2022 87.51B JPY. Net income FY2023 56.48B JPY. Net income FY2024 50.81B JPY. Net income FY2025 46.17B JPY. Net income FY2026 55.58B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue1.86T JPY1.85T JPY1.7T JPY1.71T JPY1.47T JPY
Cost of goods sold1.55T JPY1.51T JPY1.38T JPY1.37T JPY1.13T JPY
Gross profit312.56B JPY338.85B JPY317.9B JPY333.92B JPY338.33B JPY
Research and development13.47B JPY10.42B JPY9.35B JPY9.21B JPY
Selling, general, and administrative277.97B JPY257.69B JPY234.88B JPY239.76B JPY209B JPY
Operating expenses277.97B JPY271.17B JPY245.3B JPY249.1B JPY218.21B JPY
Interest income2.55B JPY2.35B JPY3.04B JPY1.37B JPY883M JPY
Interest expense11.59B JPY8.56B JPY6.77B JPY6.31B JPY6.69B JPY
Depreciation and amortization98.99B JPY94.26B JPY81.78B JPY74.09B JPY66.69B JPY
Operating income34.58B JPY67.69B JPY72.6B JPY84.82B JPY120.12B JPY
Net income55.58B JPY46.17B JPY50.81B JPY56.48B JPY87.51B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
3.68

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates29.9517.234.52-8.2Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 6.61, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 10, 2025: actual 26.59, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual -3.86, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 4, 2025: actual -5.57, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 7, 2025: actual 17.42, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 6, 2026: actual 21.96, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 27.32, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 5, 2026: actual 3.68, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates512.62B487.54B462.46B437.38BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 460.84B JPY, estimate 492.9B JPY, surprise -6.50%, Miss. Q2 2025, reported May 13, 2025: actual 465.53B JPY, estimate 457.09B JPY, surprise +1.85%, Beat. Q3 2025, reported Aug 4, 2025: actual 457.44B JPY, estimate 464.48B JPY, surprise -1.51%, Miss. Q4 2025, reported Nov 7, 2025: actual 457.54B JPY, estimate 472.29B JPY, surprise -3.12%, Miss. Q1 2026, reported Feb 6, 2026: actual 477.97B JPY, estimate 465.31B JPY, surprise +2.72%, Beat. Q2 2026, reported May 15, 2026: actual 469.29B JPY, estimate 458.27B JPY, surprise +2.41%, Beat. Q3 2026, reported Aug 5, 2026: actual 468.51B JPY, estimate 467.95B JPY, surprise +0.12%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 480.6B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥30.00

2025 complete year+114.3% since 2021

2026 partial: ¥18.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥18.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥18.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥18.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 5, 2026

Dividend

Ex-dividend Sep 29, 2025

¥18.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 1, 2025

Dividend

Ex-dividend Mar 28, 2025

¥12.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 5, 2025

Dividend

Ex-dividend Sep 27, 2024

¥12.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

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