Japan Pulp & PaperJapan Pulp & Paper Co., Ltd.8032東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +9.4% from the prior year, operating profit -28.0%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | 2.6% | 1.31× | 3.4% | 4.03× | 13.7% |
| 2023 | 4.7% | 1.51× | 7.0% | 3.76× | 26.4% |
| 2024 | 1.9% | 1.41× | 2.7% | 3.46× | 9.5% |
| 2025 | 1.4% | 1.45× | 2.0% | 3.39× | 6.7% |
| 2026 | 0.8% | 1.54× | 1.2% | 3.54× | 4.2% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 444,757 | 545,279 | 534,230 | 554,524 | 606,779 |
| Cost of revenue | 372,303 | 458,955 | 446,824 | 463,058 | 501,337 |
| Gross profit | 72,454 | 86,324 | 87,406 | 91,466 | 105,442 |
| SG&A | 58,390 | 66,060 | 70,003 | 76,394 | 94,594 |
| Operating income | 14,064 | 20,264 | 17,403 | 15,071 | 10,848 |
| Pretax income | 19,084 | 39,563 | 17,714 | 14,225 | 11,341 |
| Income tax | 6,389 | 12,740 | 5,968 | 5,514 | 5,364 |
| Net income attributable to owners | 11,499 | 25,392 | 10,357 | 7,569 | 4,720 |
| Operating margin | 3.2% | 3.7% | 3.3% | 2.7% | 1.8% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥12.7B | ¥30.6B | ¥17.4B | ¥19B | ¥25.3B |
| Total assets | ¥338.9B | ¥385.1B | ¥372.6B | ¥392.2B | ¥394.7B |
| Net assets | ¥100.3B | ¥128.3B | ¥138.3B | ¥145.6B | ¥140.9B |
| Share capital | ¥16.6B | ¥16.6B | ¥16.6B | ¥16.6B | ¥16.6B |
| Trade receivables | ¥122.3B | ¥139.5B | ¥143.4B | ¥140.6B | ¥139B |
| Inventories | ¥45.4B | ¥65.4B | ¥56.5B | ¥64.7B | ¥68.6B |
| Property, plant and equipment | ¥109.4B | ¥99.2B | ¥96.8B | ¥100.6B | ¥98B |
| Intangible assets excluding goodwill | ¥3.63B | ¥5.59B | ¥6.6B | ¥11.4B | ¥10.9B |
| Goodwill | ¥1.59B | ¥2.92B | ¥3.78B | ¥6.64B | ¥6.21B |
| Investment securities | ¥35.9B | ¥32.9B | ¥39.9B | ¥37B | ¥35.4B |
| Current assets | ¥183.1B | ¥240B | ¥223B | ¥234B | ¥240.5B |
| Current liabilities | ¥164.5B | ¥192.5B | ¥189.3B | ¥192.1B | ¥202.4B |
| Trade payables | ¥96B | ¥104.7B | ¥99.5B | ¥99.1B | ¥99.8B |
| Short-term borrowings | ¥39B | ¥48.4B | ¥36.4B | ¥47.6B | ¥45B |
| Long-term borrowings | ¥28.6B | ¥18B | ¥14.4B | ¥12B | ¥8.96B |
| Bonds | ¥30B | ¥30B | ¥10B | ¥20B | ¥20B |
| Interest-bearing debt | ¥97.6Bderived | ¥96.4Bderived | ¥60.8Bderived | ¥79.6Bderived | ¥73.9Bderived |
| Total liabilities | ¥238.6B | ¥256.8B | ¥234.3B | ¥246.7B | ¥253.8B |
| Non-controlling interests | ¥7.41B | ¥9.86B | ¥10.7B | ¥11.5B | ¥12B |
| Equity attributable to owners of parent | ¥84.1B | ¥108.4B | ¥110.6B | ¥114.9B | ¥107.4B |
| Retained earnings | ¥65.5B | ¥89.7B | ¥98.4B | ¥103.6B | ¥89.9B |
| Treasury stock | -¥5B | -¥4.94B | -¥11.7B | -¥11.7B | -¥5.06B |
EDINET (FSA Japan)
有価証券報告書－第164期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第163期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第162期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書－第161期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第160期(令和3年4月1日－令和4年3月31日)
EDINET (FSA Japan)
有価証券報告書－第159期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 57 / Derived from other figures: 2
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