Market Closed -
Japan Exchange
07:00:00 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
1,122
JPY
|
+0.40%
|
|
+1.08%
|
-0.09%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
203,676
|
218,079
|
314,367
|
262,818
|
171,798
|
186,663
|
-
|
-
|
Enterprise Value (EV)
1 |
500,989
|
499,144
|
614,416
|
552,295
|
530,823
|
530,636
|
522,336
|
516,536
|
P/E ratio
|
42.8
x
|
11.4
x
|
13.7
x
|
11.1
x
|
-4.95
x
|
95.9
x
|
18.2
x
|
14
x
|
Yield
|
0.77%
|
0.93%
|
0.9%
|
1.39%
|
1.55%
|
1.43%
|
1.43%
|
1.43%
|
Capitalization / Revenue
|
0.38
x
|
0.4
x
|
0.56
x
|
0.43
x
|
0.27
x
|
0.28
x
|
0.28
x
|
0.28
x
|
EV / Revenue
|
0.94
x
|
0.91
x
|
1.09
x
|
0.9
x
|
0.82
x
|
0.8
x
|
0.78
x
|
0.77
x
|
EV / EBITDA
|
10.2
x
|
7.56
x
|
8.65
x
|
7.33
x
|
24.5
x
|
8.46
x
|
7.24
x
|
6.55
x
|
EV / FCF
|
-26
x
|
24.8
x
|
-15.6
x
|
61.5
x
|
-6.31
x
|
18.9
x
|
32
x
|
27.2
x
|
FCF Yield
|
-3.85%
|
4.04%
|
-6.43%
|
1.63%
|
-15.9%
|
5.3%
|
3.12%
|
3.68%
|
Price to Book
|
1.1
x
|
1.1
x
|
1.32
x
|
1.01
x
|
0.73
x
|
0.79
x
|
0.77
x
|
0.73
x
|
Nbr of stocks (in thousands)
|
150,093
|
150,089
|
165,543
|
166,025
|
166,149
|
166,366
|
-
|
-
|
Reference price
2 |
1,357
|
1,453
|
1,899
|
1,583
|
1,034
|
1,122
|
1,122
|
1,122
|
Announcement Date
|
17/05/19
|
15/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
-
|
-
|
-
|
Fiscal Period: Maart |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
533,890
|
546,433
|
562,928
|
612,314
|
646,213
|
665,900
|
665,800
|
668,550
|
EBITDA
1 |
49,036
|
66,031
|
71,010
|
75,379
|
21,687
|
62,752
|
72,100
|
78,900
|
EBIT
1 |
12,122
|
30,629
|
36,873
|
37,569
|
-21,441
|
14,300
|
24,600
|
31,300
|
Operating Margin
|
2.27%
|
5.61%
|
6.55%
|
6.14%
|
-3.32%
|
2.15%
|
3.69%
|
4.68%
|
Earnings before Tax (EBT)
1 |
6,970
|
31,251
|
32,717
|
36,588
|
-39,201
|
6,650
|
17,450
|
22,350
|
Net income
1 |
4,697
|
19,199
|
22,115
|
23,721
|
-34,705
|
1,950
|
10,250
|
13,300
|
Net margin
|
0.88%
|
3.51%
|
3.93%
|
3.87%
|
-5.37%
|
0.29%
|
1.54%
|
1.99%
|
EPS
2 |
31.70
|
127.9
|
138.7
|
142.9
|
-209.0
|
11.71
|
61.60
|
79.93
|
Free Cash Flow
1 |
-19,303
|
20,143
|
-39,492
|
8,975
|
-84,183
|
28,102
|
16,300
|
19,000
|
FCF margin
|
-3.62%
|
3.69%
|
-7.02%
|
1.47%
|
-13.03%
|
4.22%
|
2.45%
|
2.84%
|
FCF Conversion (EBITDA)
|
-
|
30.51%
|
-
|
11.91%
|
-
|
44.78%
|
22.61%
|
24.08%
|
FCF Conversion (Net income)
|
-
|
104.92%
|
-
|
37.84%
|
-
|
1,441.15%
|
159.02%
|
142.86%
|
Dividend per Share
2 |
10.50
|
13.50
|
17.00
|
22.00
|
16.00
|
16.00
|
16.00
|
16.00
|
Announcement Date
|
17/05/19
|
15/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2021 S1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
268,618
|
261,585
|
151,920
|
296,873
|
150,655
|
164,786
|
147,309
|
161,370
|
308,679
|
172,176
|
165,358
|
162,013
|
169,215
|
331,228
|
172,546
|
160,226
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
12,409
|
14,125
|
8,255
|
19,235
|
8,401
|
9,933
|
291
|
-7,556
|
-7,265
|
-10,662
|
-3,514
|
2,779
|
4,649
|
7,428
|
3,664
|
2,908
|
Operating Margin
|
4.62%
|
5.4%
|
5.43%
|
6.48%
|
5.58%
|
6.03%
|
0.2%
|
-4.68%
|
-2.35%
|
-6.19%
|
-2.13%
|
1.72%
|
2.75%
|
2.24%
|
2.12%
|
1.81%
|
Earnings before Tax (EBT)
|
17,272
|
13,675
|
-
|
18,211
|
8,183
|
-
|
2,414
|
-
|
-8,857
|
-19,704
|
-
|
4,925
|
-
|
8,668
|
-718
|
-
|
Net income
|
10,814
|
9,348
|
-
|
11,456
|
5,559
|
-
|
1,361
|
-
|
-8,301
|
-15,740
|
-
|
3,308
|
-
|
3,926
|
-1,910
|
-
|
Net margin
|
4.03%
|
3.57%
|
-
|
3.86%
|
3.69%
|
-
|
0.92%
|
-
|
-2.69%
|
-9.14%
|
-
|
2.04%
|
-
|
1.19%
|
-1.11%
|
-
|
EPS
|
72.05
|
60.99
|
-
|
69.02
|
33.49
|
-
|
8.200
|
-
|
-50.02
|
-94.81
|
-
|
19.90
|
-
|
23.62
|
-11.49
|
-
|
Dividend per Share
|
5.000
|
7.000
|
-
|
10.00
|
-
|
-
|
-
|
-
|
7.000
|
-
|
-
|
-
|
-
|
7.000
|
-
|
-
|
Announcement Date
|
13/11/19
|
11/11/20
|
12/11/21
|
12/11/21
|
10/02/22
|
13/05/22
|
12/08/22
|
11/11/22
|
11/11/22
|
10/02/23
|
12/05/23
|
10/08/23
|
10/11/23
|
10/11/23
|
09/02/24
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
297,313
|
281,065
|
300,049
|
289,477
|
359,025
|
343,973
|
335,673
|
329,873
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
6.063
x
|
4.257
x
|
4.225
x
|
3.84
x
|
16.55
x
|
5.481
x
|
4.656
x
|
4.181
x
|
Free Cash Flow
1 |
-19,303
|
20,143
|
-39,492
|
8,975
|
-84,183
|
28,103
|
16,300
|
19,000
|
ROE (net income / shareholders' equity)
|
2.6%
|
10%
|
10.1%
|
9.5%
|
-14%
|
0.81%
|
4.27%
|
5.36%
|
ROA (Net income/ Total Assets)
|
1.37%
|
3.73%
|
4.28%
|
4.46%
|
-2.73%
|
0.22%
|
1.11%
|
1.4%
|
Assets
1 |
341,707
|
515,259
|
517,264
|
531,810
|
1,272,737
|
906,977
|
920,521
|
950,339
|
Book Value Per Share
2 |
1,237
|
1,320
|
1,440
|
1,562
|
1,415
|
1,421
|
1,467
|
1,531
|
Cash Flow per Share
|
257.0
|
340.0
|
353.0
|
371.0
|
50.70
|
-
|
-
|
-
|
Capex
1 |
59,590
|
49,116
|
53,411
|
64,165
|
47,857
|
26,600
|
40,950
|
42,300
|
Capex / Sales
|
11.16%
|
8.99%
|
9.49%
|
10.48%
|
7.41%
|
3.99%
|
6.15%
|
6.33%
|
Announcement Date
|
17/05/19
|
15/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
-
|
-
|
-
|
Last Close Price
1,122
JPY Average target price
1,325
JPY Spread / Average Target +18.09% Consensus |
1st Jan change
|
Capi.
|
---|
| -0.09% | 1.19B | | -3.17% | 18.78B | | +7.10% | 14.99B | | +5.03% | 10.18B | | -1.67% | 6.08B | | +8.82% | 4.88B | | +17.55% | 3.98B | | +16.91% | 3.15B | | +63.21% | 2.67B | | +12.02% | 1.76B |
Other Paper Products
|