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Okayama Paper Industries Co., Ltd. logo

Okayama Paper Industries Co., Ltd.

3892.T

JPXBasic MaterialsPaper, Lumber & Forest Products

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Latest quote

¥1,557

+¥12.00 · +0.78%

Aug 24, 3:30 PM JST

3892.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Okayama Paper Industries Co., Ltd. engages in the manufacture and sale of paper products in Japan and internationally. It operates through Paperboard Business and Decorative Corrugated Board Business segments. The company provides core paper, paper tube base paper, paper boards, flat board, packaging, gift boxes, and decorative cardboards; cosmetic cardboard; and digital high speed printing services. In addition, its products are used for winding paper, cloth, cellophane, tape, thread, fruits and vegetables, food, home appliances, and pharmaceuticals. Okayama Paper Industries Co., Ltd. was incorporated in 1907 and is headquartered in Okayama, Japan.

Industry
Paper, Lumber & Forest Products
Sector
Basic Materials
Headquarters
JP
CEO
Kazuhiko Shiono
Listed since
Dec 14, 2000
Employees
192

Market position

Volume
1.7K
0.32× average
Average volume
5.24K
Average daily volume
Market cap
7.23B JPY
Beta
0.61
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.93B JPY
P/E (TTM)
8.8×
P/B (TTM)
0.5×
P/S (TTM)
0.64×
EV / EBITDA
3.93×
Earnings yield
10.05%
Free cash flow yield
12.29%
Dividend yield
3.21%

Profitability & efficiency

Gross margin
24.43%
Operating margin
8.38%
Net margin
7.32%
Return on equity
5.67%
Return on assets
4.44%
Return on invested capital
4.38%

Financial health

Debt / equity
0×
Current ratio
3.52×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%21%12%2%Gross margin, FY2021: 22.08%Gross margin, FY2022: 20.84%Gross margin, FY2023: 28.55%Gross margin, FY2024: 24.57%Gross margin, FY2025: 24.16%Operating margin, FY2021: 6.82%Operating margin, FY2022: 5.65%Operating margin, FY2023: 14.61%Operating margin, FY2024: 8.96%Operating margin, FY2025: 8.38%Net margin, FY2021: 5.86%Net margin, FY2022: 4.55%Net margin, FY2023: 10.05%Net margin, FY2024: 6.93%Net margin, FY2025: 7.32%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.08%. Gross margin FY2022 20.84%. Gross margin FY2023 28.55%. Gross margin FY2024 24.57%. Gross margin FY2025 24.16%. Operating margin FY2021 6.82%. Operating margin FY2022 5.65%. Operating margin FY2023 14.61%. Operating margin FY2024 8.96%. Operating margin FY2025 8.38%. Net margin FY2021 5.86%. Net margin FY2022 4.55%. Net margin FY2023 10.05%. Net margin FY2024 6.93%. Net margin FY2025 7.32%.

Income trends

Revenue

11.22B JPY-2.61%

Operating income

940.81M JPY-8.89%

Net income

821.74M JPY+2.88%
Income trends across reported periods12.63B JPY8.21B JPY3.8B JPY−607.86M JPYRevenue, FY2021: 10.08B JPYRevenue, FY2022: 10.87B JPYRevenue, FY2023: 11.51B JPYRevenue, FY2024: 11.52B JPYRevenue, FY2025: 11.22B JPYOperating income, FY2021: 687.68M JPYOperating income, FY2022: 613.83M JPYOperating income, FY2023: 1.68B JPYOperating income, FY2024: 1.03B JPYOperating income, FY2025: 940.81M JPYNet income, FY2021: 591.14M JPYNet income, FY2022: 494.92M JPYNet income, FY2023: 1.16B JPYNet income, FY2024: 798.7M JPYNet income, FY2025: 821.74M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 10.08B JPY. Revenue FY2022 10.87B JPY. Revenue FY2023 11.51B JPY. Revenue FY2024 11.52B JPY. Revenue FY2025 11.22B JPY. Operating income FY2021 687.68M JPY. Operating income FY2022 613.83M JPY. Operating income FY2023 1.68B JPY. Operating income FY2024 1.03B JPY. Operating income FY2025 940.81M JPY. Net income FY2021 591.14M JPY. Net income FY2022 494.92M JPY. Net income FY2023 1.16B JPY. Net income FY2024 798.7M JPY. Net income FY2025 821.74M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue11.22B JPY11.52B JPY11.51B JPY10.87B JPY10.08B JPY
Cost of goods sold8.51B JPY8.69B JPY8.23B JPY8.6B JPY7.86B JPY
Gross profit2.71B JPY2.83B JPY3.29B JPY2.27B JPY2.23B JPY
Research and development—28.37M JPY23.97M JPY20.34M JPY26.93M JPY
Selling, general, and administrative1.77B JPY1.77B JPY1.58B JPY1.63B JPY1.51B JPY
Operating expenses1.77B JPY1.8B JPY1.6B JPY1.65B JPY1.54B JPY
Interest income16.38M JPY4.15M JPY42K JPY——
Depreciation and amortization312.59M JPY279.43M JPY312.99M JPY299.51M JPY336.49M JPY
Operating income940.81M JPY1.03B JPY1.68B JPY613.83M JPY687.68M JPY
Net income821.74M JPY798.7M JPY1.16B JPY494.92M JPY591.14M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
43.8

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates61.1648.3235.4922.65Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 9, 2024: actual 45.93, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 10, 2025: actual 58.5, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 11, 2025: actual 42.57, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 25.31, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 14, 2025: actual 48.05, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 13, 2026: actual 44.45, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 40.7, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 14, 2026: actual 43.8, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.14B2.93B2.72B2.52BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 9, 2024: actual 2.95B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 10, 2025: actual 3.02B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 11, 2025: actual 2.71B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 2.84B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 14, 2025: actual 2.76B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 13, 2026: actual 2.87B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 2.64B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 14, 2026: actual 2.95B JPY, estimate —, surprise —, Comparison unavailable.

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