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Mitsubishi Paper Mills 3864.T · JPY

Materials · Tokyo Stock Exchange · 🇯🇵 Japan

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1,150

+1.59%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥157.46bn

FY2017FY2026

Net income

¥1.90bn

FY2017FY2026

Free cash flow

¥1.53bn

FY2017FY2026

Shareholders' equity

¥103.15bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥157.46bn¥175.94bn¥193.46bn¥209.54bn¥181.92bn¥162.32bn¥194.57bn¥204.00bn¥201.49bn¥201.96bn
Gross profit¥20.24bn¥25.16bn¥28.15bn¥27.25bn¥25.77bn¥22.59bn¥30.08bn¥29.39bn¥32.27bn¥35.14bn
Research and development—¥568.0m¥586.0m¥783.0m¥942.0m¥1.04bn¥1.17bn¥1.13bn¥1.15bn¥1.12bn
Operating income¥264.0m¥4.57bn¥5.41bn¥969.0m¥2.10bn−¥1.77bn¥1.98bn¥473.0m¥1.79bn¥4.31bn
Net income¥1.90bn¥4.34bn¥4.17bn−¥570.0m¥1.10bn−¥2.53bn¥801.0m¥352.0m¥3.20bn¥1.15bn
Diluted earnings per share43.3699.1495.19-13.0225.05-56.9617.947.8893.6033.73

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥222.78bn¥208.22bn¥235.38bn¥227.06bn¥215.88bn¥209.44bn¥212.22bn¥232.76bn¥237.38bn¥235.87bn
Cash and short-term investments¥4.89bn¥6.24bn¥10.01bn¥8.32bn¥9.05bn¥15.70bn¥9.26bn¥11.62bn¥9.74bn¥10.84bn
Total liabilities¥119.58bn¥122.93bn¥144.42bn¥155.01bn¥146.26bn¥146.53bn¥151.68bn¥165.75bn¥176.30bn¥179.23bn
Debt¥64.92bn¥72.33bn¥85.06bn¥100.17bn¥93.36bn¥99.08bn¥103.00bn¥105.82bn¥120.28bn¥127.09bn
Shareholders' equity¥103.15bn¥85.26bn¥90.93bn¥72.03bn¥69.61bn¥62.90bn¥60.52bn¥66.35bn¥59.73bn¥54.38bn
Shares outstanding44m44m44m44m44m44m45m45m34m34m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥5.22bn¥4.85bn¥13.49bn−¥2.72bn¥1.70bn¥13.01bn¥9.98bn¥19.07bn¥12.81bn¥19.83bn
Capital spending−¥3.69bn−¥2.63bn−¥1.68bn−¥4.55bn−¥6.25bn−¥3.93bn−¥7.24bn−¥10.22bn−¥7.82bn−¥6.12bn
Free cash flow¥1.53bn¥2.23bn¥11.80bn−¥7.27bn−¥4.56bn¥9.08bn¥2.73bn¥8.84bn¥4.99bn¥13.71bn
Dividends paid−¥669.0m−¥446.0m−¥223.0m——−¥223.0m−¥223.0m−¥170.0m−¥170.0m−¥170.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥38.62bn¥39.69bn¥38.74bn¥39.56bn¥39.46bn¥43.29bn¥44.26bn¥43.40bn
Gross profit¥4.97bn¥6.37bn¥3.66bn¥6.37bn¥3.85bn¥7.09bn¥6.55bn¥6.32bn
Operating income¥393.0m¥1.35bn−¥1.15bn¥1.28bn−¥1.22bn¥2.15bn¥1.48bn¥1.00bn
Net income¥2.16bn¥3.95bn−¥766.0m¥37.0m−¥1.32bn¥1.94bn¥2.63bn−¥211.0m
Diluted earnings per share49.2990.05-17.490.84-30.0644.3360.11-4.82
Total assets¥224.56bn¥222.78bn¥203.46bn¥202.62bn¥199.42bn¥208.22bn¥226.26bn¥221.65bn
Cash and short-term investments¥5.51bn¥4.89bn¥8.36bn¥8.16bn¥7.22bn¥6.24bn¥12.97bn¥4.83bn
Debt¥49.29bn¥64.73bn¥48.47bn¥69.10bn¥50.01bn¥72.11bn¥58.38bn¥79.92bn
Shareholders' equity¥103.53bn¥103.15bn¥82.46bn¥82.68bn¥82.38bn¥85.26bn¥91.13bn¥89.57bn

Financial ratios

Data as of 20 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin12.9%14.3%14.5%13.0%14.2%13.9%—
Operating margin0.2%2.6%2.8%0.5%1.2%-1.1%—
Net margin1.2%2.5%2.2%-0.3%0.6%-1.6%—
Return on equity1.8%5.1%4.6%-0.8%1.6%-4.0%—
Return on assets0.9%2.1%1.8%-0.3%0.5%-1.2%—
Free cash flow yield16.6%13.9%28.3%3.4%14.8%31.1%—
Revenue growth-10.5%-9.1%-7.7%15.2%12.1%-16.6%—
Earnings growth-56.3%4.1%-831.8%-152.0%-143.3%-416.1%—
Current ratio1.00x1.03x0.98x0.99x0.93x0.88x—
Debt to equity0.63x0.85x0.93x1.38x1.33x1.56x—
Equity ratio46.3%40.9%38.6%31.7%32.2%30.0%—
Interest coverage0.36x4.48x5.77x1.69x3.62x-2.41x—
R&D as a share of sales—0.3%0.3%0.4%0.5%0.6%0.6%
Buybacks as a share of market value-0.0%0.0%-0.1%-0.1%1.6%0.5%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-9.1%-0.6%-3.1%
Operating income-35.2%—-23.6%
Net income——-1.5%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin13.6%13.7%13.8%14.7%
Operating margin1.4%1.5%1.1%1.1%
Net margin1.9%1.3%0.8%0.8%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings27.56.66.0-42.511.3-5.717.462.05.721.6
Price to sales0.30.20.10.10.10.10.10.10.10.1

Dividends and splits

Per share, in the currency the company pays

Paid for 3 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2021FY2020FY2019FY2010FY2009
Paid in the year30.0010.005.005.005.005.0025.0050.00
  • 10-to-1 reverse split · 28 Sept 2016

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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