Mitsubishi Paper Mills Limited logo

Mitsubishi Paper Mills Limited

3864.T

JPXBasic MaterialsPaper, Lumber & Forest Products

Latest quote

¥1,185

−¥14.00 · -1.17%

Aug 24, 1:22 PM JST

3864.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Mitsubishi Paper Mills Limited (MPML), headquartered in Tokyo, Japan, was founded in 1898 and initially known as Mitsubishi Paper Mills Company before adopting its current name in November 1917. Through its various subsidiaries, MPML engages globally in the manufacturing, processing, and distribution of paper, pulp, and light-sensitive materials. Its extensive market presence spans Japan, Europe, numerous Asian countries, North America, and other international territories. The company's operations are strategically divided into four key divisions: Paper and Pulp, Imaging Media, Speciality Materials, and Warehouse and Transportation. MPML offers a diverse portfolio of products, including various writing and printing papers, specialized inkjet papers, and a wide array of photographic materials. Their advanced imaging solutions feature photo-sensitive printing plates, direct platemaking systems, graphic arts film materials, and inkjet media. Beyond these, the company develops innovative items such as rewritable thermal recording materials, battery separators, air filters, electronic materials, silver nanoparticle inks, SF films, cutting-edge dye-sensitized solar cells, and a variety of functional papers. Additionally, MPML provides warehousing and logistical support, delivers thermal engineering and cooling solutions, and produces industrial goods like Mydome (a thick nonwoven fabric) and SaiVis (a screen film). The organization also maintains an active engineering division.

Industry
Paper, Lumber & Forest Products
Sector
Basic Materials
Headquarters
JP
CEO
Ryuichi Kisaka
Listed since
Sep 29, 2005
Employees
2,513

Market position

Day range

Current ¥1,185

52-week range

Current ¥1,185

Open
¥1,199
Previous close
¥1,199
Volume
101.2K
0.42× average
Average volume
238.72K
Average daily volume
Market cap
51.91B JPY
Beta
0.44
Market reference 1
50-day average
¥1,092.06
+8.51% above average
200-day average
¥871.32
+36.00% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
96.18B JPY
P/E (TTM)
9.66×
P/B (TTM)
0.5×
P/S (TTM)
0.33×
EV / EBITDA
16.63×
Earnings yield
5.25%
Free cash flow yield
4.25%
Dividend yield
1.27%

Profitability & efficiency

Gross margin
13.64%
Operating margin
1.20%
Net margin
3.43%
Return on equity
1.84%
Return on assets
0.85%
Return on invested capital
0.10%

Financial health

Debt / equity
0.66×
Current ratio

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends16%10%4%-2%Gross margin, FY2021: 14.17%Gross margin, FY2022: 13.01%Gross margin, FY2023: 14.55%Gross margin, FY2024: 14.30%Gross margin, FY2025: 12.86%Operating margin, FY2021: -0.14%Operating margin, FY2022: 0.46%Operating margin, FY2023: 2.80%Operating margin, FY2024: 2.60%Operating margin, FY2025: 0.17%Net margin, FY2021: 0.60%Net margin, FY2022: -0.27%Net margin, FY2023: 2.16%Net margin, FY2024: 2.47%Net margin, FY2025: 1.21%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 14.17%. Gross margin FY2022 13.01%. Gross margin FY2023 14.55%. Gross margin FY2024 14.30%. Gross margin FY2025 12.86%. Operating margin FY2021 -0.14%. Operating margin FY2022 0.46%. Operating margin FY2023 2.80%. Operating margin FY2024 2.60%. Operating margin FY2025 0.17%. Net margin FY2021 0.60%. Net margin FY2022 -0.27%. Net margin FY2023 2.16%. Net margin FY2024 2.47%. Net margin FY2025 1.21%.

Income trends

Revenue

157.46B JPY-10.51%

Operating income

264M JPY-94.22%

Net income

1.9B JPY-56.25%
Income trends across reported periods230.55B JPY146.51B JPY62.46B JPY−21.58B JPYRevenue, FY2021: 181.92B JPYRevenue, FY2022: 209.54B JPYRevenue, FY2023: 193.46B JPYRevenue, FY2024: 175.94B JPYRevenue, FY2025: 157.46B JPYOperating income, FY2021: −248M JPYOperating income, FY2022: 969M JPYOperating income, FY2023: 5.41B JPYOperating income, FY2024: 4.57B JPYOperating income, FY2025: 264M JPYNet income, FY2021: 1.1B JPYNet income, FY2022: −570M JPYNet income, FY2023: 4.17B JPYNet income, FY2024: 4.34B JPYNet income, FY2025: 1.9B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 181.92B JPY. Revenue FY2022 209.54B JPY. Revenue FY2023 193.46B JPY. Revenue FY2024 175.94B JPY. Revenue FY2025 157.46B JPY. Operating income FY2021 −248M JPY. Operating income FY2022 969M JPY. Operating income FY2023 5.41B JPY. Operating income FY2024 4.57B JPY. Operating income FY2025 264M JPY. Net income FY2021 1.1B JPY. Net income FY2022 −570M JPY. Net income FY2023 4.17B JPY. Net income FY2024 4.34B JPY. Net income FY2025 1.9B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue157.46B JPY175.94B JPY193.46B JPY209.54B JPY181.92B JPY
Cost of goods sold137.21B JPY150.78B JPY165.32B JPY182.29B JPY156.15B JPY
Gross profit20.24B JPY25.16B JPY28.15B JPY27.25B JPY25.77B JPY
Research and development568M JPY586M JPY783M JPY942M JPY
Selling, general, and administrative19.98B JPY20.03B JPY22.15B JPY25.5B JPY25.08B JPY
Operating expenses19.98B JPY20.6B JPY22.74B JPY26.29B JPY26.02B JPY
Interest income14M JPY22M JPY5M JPY27M JPY30M JPY
Interest expense731M JPY1.02B JPY938M JPY574M JPY581M JPY
Depreciation and amortization5.52B JPY6.38B JPY7.73B JPY8.29B JPY8.49B JPY
Operating income264M JPY4.57B JPY5.41B JPY969M JPY−248M JPY
Net income1.9B JPY4.34B JPY4.17B JPY−570M JPY1.1B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
49.29

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates99.6953.246.8-39.65Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual -4.77, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual 60.12, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 44.32, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual -30.04, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 0.82, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual -17.49, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 90.08, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 49.29, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates46.03B42.97B39.91B36.85BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual 43.4B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual 44.26B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 43.29B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 39.46B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 39.56B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 38.74B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 39.69B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 38.62B JPY, estimate —, surprise —, Comparison unavailable.

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