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THE PackTHE PACK CORPORATION3950東証プライムパルプ・紙FY ending Dec 2025, consolidated, J-GAAP

THE Pack FY ending Dec 2023 results

About 71% of THE Pack's sales come from Paper products business, with Other and Chemical products business making up much of the rest.

Out of every ¥100 of sales, about ¥8 is left as operating profit.

Revenue changed +9.7% from the prior year, operating profit +29.7%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +9.7% · profit +29.7%, calculated from disclosed figures.

Operating leverage: 3.05× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2022 → FY ending Dec 2023

Revenue
+9.7%¥89.1B → ¥97.7B
Gross profit
+14.2%¥21.7B → ¥24.8B
Operating income
+29.7%¥5.97B → ¥7.74B
Net income attributable to owners
+39.3%¥4.06B → ¥5.65B
Operating cash flow
-17.4%¥5.38B → ¥4.44B
Free cash flow
-254.5%¥1.84B → -¥2.84B

Where the money goes

FY ending Dec 2022 → FY ending Dec 2023

Where ¥100 of sales goes

For every ¥100 THE Pack sells, how much goes where, and how much is kept.

FY ending Dec 2023
Cost of sales
¥75
SG&A
¥17
Operating profit
¥8
Net profit kept
¥6

Annual margin trends

Gross margin25.3%
FY ending Dec 2019: 24.2%24.2%FY ending Dec 2020: 23.3%23.3%FY ending Dec 2021: 23.9%23.9%FY ending Dec 2022: 24.3%24.3%FY ending Dec 2023: 25.3%25.3%FY19FY20FY21FY22FY23
Operating margin7.9%
FY ending Dec 2019: 7.2%7.2%FY ending Dec 2020: 4.2%4.2%FY ending Dec 2021: 5.2%5.2%FY ending Dec 2022: 6.7%6.7%FY ending Dec 2023: 7.9%7.9%FY19FY20FY21FY22FY23
Net margin5.8%
FY ending Dec 2019: 4.9%4.9%FY ending Dec 2020: 3.0%3.0%FY ending Dec 2021: 3.5%3.5%FY ending Dec 2022: 4.6%4.6%FY ending Dec 2023: 5.8%5.8%FY19FY20FY21FY22FY23

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 Dec 2023

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74期(2025/01/01－2025/12/31)

    ID S100XU2H2026-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第73期(2024/01/01－2024/12/31)

    ID S100VGTC2025-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第72期(2023/01/01－2023/12/31)

    ID S100T5K92024-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第71期(2022/01/01－2022/12/31)

    ID S100QH142023-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第70期(令和3年1月1日－令和3年12月31日)

    ID S100NSP32022-03-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第69期(令和2年1月1日－令和2年12月31日)

    ID S100L0UH2021-03-25Open

Extracted from XBRL: 51 / Derived from other figures: 1

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