KPP GROUP HOLDINGS CO., LTD.
9274・Prime Market・Wholesale Trade
Northeast Asia
KPP core segment selling paper, paperboard, and papermaking raw materials in Japan, China, and other markets
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 (ending March 2026)) | ¥285,189 million | ¥303,649 million | ↓ |
| Segment profit (full year, FY2026 (ending March 2026)) | ¥1,872 million | ¥2,895 million | ↓ |
| Segment profit margin (full year, FY2026 (ending March 2026)) | 0.7% | 1.0% | ↓ |
| Segment assets (full year, FY2026 (ending March 2026)) | ¥137,197 million | ¥138,007 million | ↓ |
| Depreciation and amortization (full year, FY2026 (ending March 2026)) | ¥1,086 million | ¥798 million | ↑ |
Business Details
Sells paper, paperboard, pulp/waste paper, and other paper-related materials in Japan, China, Taiwan, Hong Kong, South Korea, and other markets. The core operating company is Kokusai Pulp & Paper Co., Ltd. The segment comprises four areas: paper (graphic paper), paperboard (corrugating medium/container board), papermaking raw materials (waste paper/market pulp), and the China business. It is the largest segment, accounting for approximately 43.8% of consolidated group sales, but its profit margin remains low at 0.7%.
Recent Overview
Declining demand for graphic paper weighed on results, with both sales and profit falling sharply year on year
For FY2026 (ending March 2026), net sales were ¥285,189 million (down 6.1% year on year) and segment profit was ¥1,872 million (down 35.3% year on year). The main cause was declining demand for graphic paper. Meanwhile, in the paperboard field, results exceeded the prior year on the back of firm domestic demand and increased exports of corrugating medium, as well as increased inbound and trading card game-related demand for container board. In papermaking raw materials, the sluggish waste paper market conditions continued, and in China the supply-demand environment did not improve.
Key Products
Growth Drivers
- Firm domestic demand for corrugating medium and increased exports in the paperboard field
- Expansion in container board volume and sales driven by inbound demand and trading card game-related demand
- Improved gross profit for market pulp (profit exceeded the prior year even as volume and sales fell short)
- Inorganic expansion of the Packaging Business and Visual Communication Business as a core domestic strategy
- Business portfolio transformation (diversification away from paper dependence) under the Fourth Medium-Term Management Plan
Risks
- Structural and ongoing decline in demand for graphic paper
- Prolonged sluggish paper demand and deteriorating supply-demand balance in the Chinese market
- Market volatility risk for papermaking raw materials (waste paper), amid continued sluggish conditions
- Market pulp price volatility and foreign exchange risk
- Deterioration of the export environment due to the impact of Trump tariffs and heightened geopolitical risk
Last updated: June 23, 2026