Japan Pulp & Paper sees Q1 profit drop despite revenue increase

Japan Pulp & Paper Co., Ltd. announced its consolidated financial results for the three months ended June 30, 2025, revealing a 7.1% increase in revenue to 144,739 million yen compared to the previous year. However, operating profit decreased by 43.8% to 2,428 million yen, and ordinary profit fell by 45.2% to 2,602 million yen. Profit attributable to owners of parent experienced a substantial 60.0% decline, settling at 1,166 million yen.

Basic earnings per share for the quarter were 9.46 yen, down from 23.67 yen in the same period last year, following a stock split of ten shares for every share of common stock effective October 1, 2024. Total assets decreased by 7,747 million yen from the previous fiscal year-end, reaching 384,487 million yen, primarily due to decreases in deposits and inventories.

The company's Non-Japan Wholesaling segment saw an 18.3% revenue increase to 77,783 million yen but recorded an ordinary loss of 270 million yen due to foreign exchange losses and intensified price competition. Japan Wholesaling revenue declined by 2.1%, with ordinary profit down 22.2% due to higher personnel and logistics costs. No revisions were made to the financial results forecast for the fiscal year ending March 31, 2026.