Oji Holdings slashes Q2 forecast on weaker overseas performance

Oji Holdings Corporation announced a downward revision to its consolidated financial forecast for the second quarter (April 1 to September 30, 2025) of the fiscal year ending March 2026. The company now expects net sales of JPY 915,000 million, down from JPY 930,000 million. Operating profit is projected to decrease from JPY 21,000 million to JPY 16,700 million. Ordinary profit is forecast at JPY 8,800 million, a reduction from JPY 11,000 million, with profit attributable to owners of parent revised to JPY 10,900 million from JPY 15,000 million. This leads to a revised interim diluted EPS of JPY 11.83, down from JPY 16.04.

The revision is primarily attributed to a decline in profitability in overseas businesses due to deteriorating market conditions for pulp and other products, despite domestic operations generally performing in line with initial expectations.

Despite the revised earnings forecast, Oji Holdings stated that its annual dividend forecast for the fiscal year ending March 2026 remains unchanged at JPY 36 per share, comprising JPY 18 for the second quarter and JPY 18 for the year-end.