KPP Group HoldingsKPP GROUP HOLDINGS CO., LTD.9274東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

KPP Group Holdings FY ending Mar 2026 results

About 46% of KPP Group Holdings's sales come from Europe,Americas, with Northeast Asia and Asia Pacific making up much of the rest.

Out of every ¥100 of sales, about ¥2 is left as operating profit.

Revenue changed -2.9% from the prior year, operating profit -25.6%.

Revenue and profit pattern

Revenue and profit down

Revenue -2.9% · profit -25.6%, calculated from disclosed figures.

Operating leverage: 8.72× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-2.9%¥670B → ¥650.4B
Gross profit
+0.7%¥129.1B → ¥130B
Operating income
-25.6%¥13.5B → ¥10.1B
Net income attributable to owners
-29.7%¥7.99B → ¥5.62B
Operating cash flow
+77.4%¥11.2B → ¥19.8B
Free cash flow
+154.4%¥6.4B → ¥16.3B

Results at a glance

  • Revenue for the FY ending Mar 2026 came in at ¥650.4B, down from ¥670B (-2.9%).
  • Gross profit held roughly flat at ¥130B (+0.7%), yet operating income dropped to ¥10.1B (-25.6%) and net income to ¥5.62B (-29.7%).
  • Cash told a better story: operating cash flow reached ¥19.8B (+77.4%) and free cash flow ¥16.3B (+154.4%).

What drove the change

  • Demand for graphic paper (printing and office paper) fell around the world, and prices dropped in places such as Europe and China, so the paper business sold and earned less
  • Visual communication grew, helped by steady demand and by companies acquired through M&A
  • Packaging grew on strong retail and food-related demand in Asia Pacific, plus businesses bought the year before
  • The jump in operating cash flow came mainly from lower trade receivables

Things to watch

  • Goodwill from acquisitions could be written down if the purchased businesses underperform
  • The group relies heavily on the Oji and Nippon Paper groups for paper and board, so supply disruptions there would hurt
  • Most sales are overseas and converted into yen, so a stronger yen reduces reported profit

Annual Securities Report (152nd 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 (152nd 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 KPP Group Holdings sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥80
SG&A
¥18
Operating profit
¥2
Net profit kept
¥1

Annual margin trends

Gross margin20.0%
FY ending Mar 2021: 12.1%12.1%FY ending Mar 2022: 16.5%16.5%FY ending Mar 2023: 18.3%18.3%FY ending Mar 2024: 18.6%18.6%FY ending Mar 2025: 19.3%19.3%FY ending Mar 2026: 20.0%20.0%FY21FY22FY23FY24FY25FY26
Operating margin1.5%
FY ending Mar 2021: -2.1%-2.1%FY ending Mar 2022: 1.7%1.7%FY ending Mar 2023: 3.1%3.1%FY ending Mar 2024: 2.5%2.5%FY ending Mar 2025: 2.0%2.0%FY ending Mar 2026: 1.5%1.5%FY21FY22FY23FY24FY25FY26
Net margin0.9%
FY ending Mar 2021: 0.3%0.3%FY ending Mar 2022: 1.3%1.3%FY ending Mar 2023: 2.4%2.4%FY ending Mar 2024: 1.6%1.6%FY ending Mar 2025: 1.2%1.2%FY ending Mar 2026: 0.9%0.9%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152期(2025/04/01-2026/03/31)

    ID S100YHDZ2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第151期(2024/04/01-2025/03/31)

    ID S100W4SL2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第150期(2023/04/01-2024/03/31)

    ID S100TW1P2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第149期(2022/04/01-2023/03/31)

    ID S100R8VM2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第148期(令和3年4月1日-令和4年3月31日)

    ID S100OKSC2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第147期(令和2年4月1日-令和3年3月31日)

    ID S100LTTL2021-06-29Open

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

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