# Nippon Paper Industries vs Daio Paper

> Unit: JPY millions (ratios in %)
> Periods: Nippon Paper Industries = FY ending Mar 2026, consolidated, J-GAAP / Daio Paper = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T17:55:11.152Z

| Metric | Nippon Paper Industries | Daio Paper |
| --- | ---: | ---: |
| Revenue | 1,192,606 | 666,770 |
| Operating income | 25,205 | 24,032 |
| Net income | 11,743 | 8,886 |
| COGS ratio | 83.3% | 76.2% |
| Operating margin | 2.1% | 3.6% |
| Net margin | 1.0% | 1.3% |
| FCF margin | 1.7% | 5.0% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YJ5X | S100YJ8D |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Nippon Paper Industries | Daio Paper |
| --- | ---: | ---: |
| Revenue growth | 26.5 (17 peers) | 32.4 (17 peers) |
| Profitability | 14.7 (17 peers) | 44.1 (17 peers) |
| Cash conversion | 79.4 (17 peers) | 73.5 (17 peers) |
| Efficiency | 32.4 (17 peers) | 44.1 (17 peers) |
| Financial strength | 10 (5 peers) | 50 (5 peers) |

## Company details

- https://vizora.meequs.com/en/company/nipponpapergroup/md
- https://vizora.meequs.com/en/company/daio-paper/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).