Japan Pulp raises profit forecast after investment securities sale

Japan Pulp & Paper Co. announced on December 23, 2025, the sale of a portion of its listed investment securities, resulting in an extraordinary gain of 2,958 million yen. This strategic move aligns with the company's review of cross-shareholdings under the Corporate Governance Code and aims to enhance capital efficiency.

The sale has prompted an upward revision to the consolidated earnings forecast for the fiscal year ending March 31, 2026. While operating profit remains unchanged at 11,500 million yen and ordinary profit at 10,500 million yen, the profit attributable to owners of parent is now projected to be 4,000 million yen, a 100% increase from the previously announced 2,000 million yen.

Consequently, basic earnings per share are also revised from 16.70 yen to 33.40 yen. The company’s previous forecast was announced on November 6, 2025.