Okayama Paper Industries Co.,Ltd.

3892・Standard Market・Pulp & Paper

Official website

Okayama Paper Industries Co.,Ltd.

3892・Standard Market・Pulp & Paper

Official website

Okayama Paper Industries Co.,Ltd.3892

Reference Indicators

Market Cap

90¥100M

P/E (Forecast)

—

P/B

0.5x

Dividend Yield (Forecast)

3.05%

ROE

6.0%

EV/EBITDA

4.6x

Financial Summary

Unit: ¥M

Item	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026
Net Sales	10,084	10,870	11,511	11,522	11,221
Cost of Sales	7,830	8,575	8,194	8,662	8,480
Gross Profit	2,254	2,295	3,317	2,860	2,740
SG&A Expenses	1,566	1,681	1,635	1,827	1,800
Operating Income	687	613	1,681	1,032	940
Non-operating Income	68	79	97	115	153
Non-operating Expenses	0	0	0	0	1
Ordinary Income	755	693	1,779	1,147	1,092
Extraordinary Income	95	20	9	5	40
Extraordinary Losses	—	—	129	19	0
Pre-tax Income	851	713	1,659	1,133	1,133
Income Taxes	259	218	501	334	311
Net Income	591	494	1,157	798	821
EBITDA	1,024	913	1,994	1,312	1,253
Gross Margin	22.4%	21.1%	28.8%	24.8%	24.4%
Operating Margin	6.8%	5.6%	14.6%	9.0%	8.4%
ROA	4.0%	3.3%	6.5%	4.8%	4.4%
ROE	5.9%	4.7%	10.2%	6.3%	6.0%

Segment Performance

Unit: ¥M

2025

Segment	Net Sales	Operating Income	Operating Margin
板紙事業	10,188	1,077	10.6%
美粧段ボール事業	1,334	-44	-3.3%