HEIWA PAPER CO.,LTD.

9929・Standard Market・Wholesale Trade

Official website

HEIWA PAPER CO.,LTD.

9929・Standard Market・Wholesale Trade

Official website

HEIWA PAPER CO.,LTD.9929

Reference Indicators

Market Cap

48¥100M

P/E (Forecast)

28.1x

P/B

0.4x

Dividend Yield (Forecast)

2.55%

ROE

0.8%

EV/EBITDA

14.8x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	15,619	16,068	16,124	16,032	15,796
Cost of Sales	12,696	12,834	12,835	12,758	12,509
Gross Profit	2,922	3,234	3,288	3,273	3,287
SG&A Expenses	2,761	3,095	3,130	3,131	3,187
Operating Income	161	138	158	142	99
Non-operating Income	195	106	91	94	111
Non-operating Expenses	223	52	27	30	65
Ordinary Income	133	192	221	206	146
Extraordinary Income	15	1,133	—	0	3
Extraordinary Losses	0	45	1	14	8
Pre-tax Income	148	1,279	220	192	141
Income Taxes	60	405	84	75	62
Net Income	87	874	136	117	78
EBITDA	262	241	272	304	287
Gross Margin	18.7%	20.1%	20.4%	20.4%	20.8%
Operating Margin	1.0%	0.9%	1.0%	0.9%	0.6%
ROA	0.6%	5.0%	0.7%	0.7%	0.4%
ROE	1.0%	9.8%	1.4%	1.2%	0.8%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
和洋紙卸売業	15,786	92	0.6%
不動産賃貸業	10	7	70.0%