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KYODO PAPER HOLDINGS

9849・Standard Market・Wholesale Trade

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株式会社共同紙販ホールディングス logo
KYODO PAPER HOLDINGS9849

Western Paper Wholesale Business

The core business accounting for approximately 99% of group sales. Western paper wholesaling to printing companies and publishers.

PeriodCurrentPreviousChange
Net sales (external customers)¥16,352 million¥16,795 million↓
Segment profit¥253 million¥279 million↓
Segment assets¥5,745 million¥6,011 million↓
Depreciation¥30 million¥31 million↓
Total sales volume83,468 tons85,836 tons↓
Segment profit margin1.5%1.7%↓

Business Details

This is the core business directly operated by Kyodo Shihan Holdings Co., Ltd. It wholesales Western paper products—printing paper, information paper, industrial paper, and specialty paper—from nationwide bases to printing companies, publishers, government agencies, and other major customers. Specialty paper and other items are also procured through Fivest Office Co., Ltd. The company also promotes sales of forest-certified paper, including private-brand products.

Recent Overview

Both sales and profit declined year on year due to accelerating digitalization and elevated procurement costs.

In FY2026 (ending March 2026), the Western Paper Wholesale Business recorded net sales of ¥16,352 million (down 2.6% year on year) and segment profit of ¥253 million (down 9.5% year on year). While industrial paper remained roughly in line with the prior year, sales volume and sales value of printing paper and information paper declined year on year due to the effects of accelerating digitalization, including the shift of flyers and forms to web-based formats. The decline in profit margins due to persistently high raw material prices was also notable, with segment profit falling from ¥279 million in the prior period to ¥253 million.

Key Products

product
Printing paper

In the fiscal year under review, sales volume was 53,418 tons (97.3% of the prior year) and sales value was ¥9,791 million (97.5% of the prior year). Both sales volume and sales value declined year on year due to the effects of ongoing digitalization, including the shift of flyers and forms to web-based formats. The composition ratio remained at the same level as the prior year, at 64.0% by weight and 59.5% by value.

product
Information paper

In the fiscal year under review, sales volume was 16,239 tons (94.6% of the prior year) and sales value was ¥3,963 million (95.9% of the prior year). The shift to digital media is accelerating, particularly in the information and advertising fields, recording the largest rate of decline among all product categories. The weight-based composition ratio fell from 20.0% to 19.5%.

product
Industrial paper

In the fiscal year under review, sales volume was 13,811 tons (100.5% of the prior year) and sales value was ¥2,168 million (100.2% of the prior year). While printing paper and information paper declined, industrial paper remained roughly flat year on year, and its weight-based composition ratio rose slightly from 16.0% to 16.5%.

product
Forest-certified paper (private brand)

As an environmentally friendly, recyclable paper material, it continues to be used in a variety of applications. The company is promoting sales while seeking to coexist with digital media.

Growth Drivers

  • Continued demand for printing paper related to events and inbound tourism
  • Expansion of revenue sources through diversification of handled products (industrial paper, etc.)
  • Promotion of sales of forest-certified paper, including private-brand products
  • Securing profitability by maintaining appropriate selling prices
  • Improvement of profit margins through SG&A cost reductions (compression of costs such as freight)

Risks

  • Structural decline in demand for information paper and printing paper due to accelerating digitalization
  • Decline in profit margins due to continued elevated procurement costs (raw material prices remaining high)
  • Risk of further increases in raw material prices due to factors such as the situation in the Middle East
  • Overall decline in paper demand amid stagnant personal consumption caused by rising prices
  • Upward pressure on SG&A expenses from rising logistics costs

Last updated: June 26, 2026