Japan Pulp & Paper Co., Ltd.
8032・Prime Market・Wholesale Trade
Domestic Wholesale
The Group's largest revenue-generating segment, centered on domestic paper and paperboard wholesale
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (full year) | ¥193,118 million | ¥200,627 million | ↓ |
| Ordinary income (segment income, full year) | ¥5,698 million | ¥6,000 million | ↓ |
| Segment assets | ¥117,098 million | ¥116,402 million | ↑ |
| Revenue year-on-year change rate | -3.7% | — | ↓ |
| Ordinary income year-on-year change rate | -5.0% | — | ↓ |
Business Details
Primarily engaged in the domestic sale of paper, paperboard, and related products, while also operating logistics services such as warehousing and transportation, as well as information equipment sales and information services. Major customers span a wide range of industries including printing, publishing, food, pharmaceuticals, cosmetics, and automobiles. The segment also handles Functional Materials Products for electronics-related applications, with a core strategy of expanding market share through agency functions and supply chain strengthening.
Recent Overview
Revenue and profit declined due to structural contraction in paper demand and lower gross profit combined with higher SG&A expenses
Revenue for FY2026 (ending March 2026) was ¥193,118 million (down 3.7% year on year), and ordinary income was ¥5,698 million (down 5.0% year on year). Paper sales volume declined year on year due to progressing digitalization, declining circulation of periodicals, and reduced flyer sizes. In paperboard, corrugated base paper continued to face sluggish demand for industrial products, but overall sales volume was maintained on par with the previous period thanks to strong trading card applications for white-lined paperboard, among other factors. Functional Materials Products also remained on par with the previous period due to new customer acquisition. On the profit side, results were affected by a decline in gross profit as well as an increase in SG&A expenses. Ordinary income for FY2027 (ending March 2027) is forecast at ¥6,000 million (up 5.3% year on year), a return to profit growth.
Key Products
Growth Drivers
- White-lined paperboard: continued strength in pharmaceutical, cosmetics, and trading card applications
- Functional Materials Products: sales maintained through new customer acquisition in electronics-related fields
- Market share expansion through agency functions and supply chain strengthening
- Paperboard: resilient demand for daily necessities and mail-order applications, and continued inbound demand
- Differentiation leveraging the Group's overall strength (collaboration with the Paper Processing and Environmental Raw Materials segments)
Risks
- Structural contraction in paper demand due to progressing digitalization, population decline, falling birthrate, and the entrenchment of social media
- Continued decline in circulation and reduced sizes of periodicals and catalogs
- Decline in corrugated base paper sales volume due to sluggish demand for industrial products (e.g., automobiles)
- Profit pressure from increased SG&A expenses such as personnel and logistics costs
- Risk of increased expenses including one-time costs associated with head office relocation
Last updated: June 22, 2026