Daio PaperDaio Paper Corporation3880東証プライムパルプ・紙FY ending Mar 2026, consolidated, J-GAAP

Daio Paper FY ending Mar 2026 results

About 53% of Daio Paper's sales come from Paper and Paperboard, with Home and Personal Care and Other making up much of the rest.

Out of every ¥100 of sales, about ¥4 is left as operating profit.

Revenue changed -0.3% from the prior year, operating profit +145.0%.

Revenue and profit pattern

Revenue down, profit up

Revenue -0.3% · profit +145.0%, calculated from disclosed figures.

Operating leverage: -452.97× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-0.3%¥668.9B → ¥666.8B
Gross profit
+10.3%¥144B → ¥158.9B
Operating income
+145.0%¥9.81B → ¥24B
Net income attributable to owners
Back to profit-¥11.2B → ¥8.89B
Operating cash flow
+28.3%¥44.6B → ¥57.3B
Free cash flow
+191.3%¥11.4B → ¥33.3B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥666.8B, slightly below ¥668.9B a year earlier (-0.3%).
  • Profit recovered sharply: operating income rose from ¥9.81B to ¥24B (+145.0%), and gross profit grew to ¥158.9B (+10.3%).
  • Net income attributable to owners turned from a loss of -¥11.2B to a profit of ¥8.89B.
  • Cash generation also improved, with operating cash flow at ¥57.3B (+28.3%) and free cash flow at ¥33.3B (+191.3%).

What drove the change

  • Restructuring of the overseas Home and Personal Care business, including the sale of its Turkish subsidiary, cut sales but lowered fixed costs and improved profitability.
  • In Japan, higher-value items such as soft-pack tissue and long-length toilet rolls sold well, and price increases took hold.
  • Restarting the boiler at Iwaki Daio Paper lowered energy costs in the paper business, and smaller restructuring and impairment charges than the year before also lifted net income.

Things to watch

  • Swings in the prices of wood chips, recovered paper, heavy oil and coal, and in exchange rates, affect results; the company expects tension in the Middle East to weigh more on material and shipping costs going forward.
  • Demand is shrinking for printing paper as media goes digital and for baby diapers as births decline, and a sharp drop in demand or prices would cut sales.
  • Overseas operations in China, Southeast Asia and Brazil face currency, regulatory and political risks.

Annual Securities Report (115th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (115th term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Daio Paper sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥76
SG&A
¥20
Operating profit
¥4
Net profit kept
¥1

Annual margin trends

Gross margin23.8%
FY ending Mar 2021: 28.3%28.3%FY ending Mar 2022: 26.4%26.4%FY ending Mar 2023: 17.1%17.1%FY ending Mar 2024: 21.3%21.3%FY ending Mar 2025: 21.5%21.5%FY ending Mar 2026: 23.8%23.8%FY21FY22FY23FY24FY25FY26
Operating margin3.6%
FY ending Mar 2021: 6.6%6.6%FY ending Mar 2022: 6.1%6.1%FY ending Mar 2023: -3.3%-3.3%FY ending Mar 2024: 2.1%2.1%FY ending Mar 2025: 1.5%1.5%FY ending Mar 2026: 3.6%3.6%FY21FY22FY23FY24FY25FY26
Net margin1.3%
FY ending Mar 2021: 3.9%3.9%FY ending Mar 2022: 3.9%3.9%FY ending Mar 2023: -5.4%-5.4%FY ending Mar 2024: 0.7%0.7%FY ending Mar 2025: -1.7%-1.7%FY ending Mar 2026: 1.3%1.3%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第115期(2025/04/01-2026/03/31)

    ID S100YJ8D2026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第114期(2024/04/01-2025/03/31)

    ID S100W7JF2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第113期(2023/04/01-2024/03/31)

    ID S100TSSV2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第112期(2022/04/01-2023/03/31)

    ID S100R8GL2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第111期(令和3年4月1日-令和4年3月31日)

    ID S100OKAN2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第110期(令和2年4月1日-令和3年3月31日)

    ID S100LULS2021-06-29Open

Extracted from XBRL: 54 / Derived from other figures: 2

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