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Okayama Paper Industries Co 3892.T · JPY

Materials · Tokyo Stock Exchange · 🇯🇵 Japan

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1,561

-0.32%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥11.22bn

FY2017FY2026

Net income

¥821.7m

FY2017FY2026

Free cash flow

¥1.00bn

FY2017FY2026

Shareholders' equity

¥14.48bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥11.22bn¥11.52bn¥11.51bn¥10.87bn¥10.08bn¥9.40bn¥10.03bn¥10.03bn¥9.07bn¥8.36bn
Gross profit¥2.71bn¥2.83bn¥3.29bn¥2.27bn¥2.23bn¥2.31bn¥2.82bn¥2.15bn¥1.39bn¥1.36bn
Research and development—¥28.4m¥24.0m¥20.3m¥26.9m¥27.0m¥26.7m¥35.2m¥34.0m¥26.4m
Operating income¥940.8m¥1.03bn¥1.68bn¥613.8m¥687.7m¥824.6m¥1.35bn¥752.7m¥35.4m¥51.6m
Net income¥821.7m¥798.7m¥1.16bn¥494.9m¥591.1m¥616.8m¥972.6m¥533.2m¥44.0m¥64.1m
Diluted earnings per share176.91172.08249.80107.04118.25123.67195.53107.338.8912.99

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥18.52bn¥16.93bn¥18.24bn¥15.37bn¥14.88bn¥13.49bn¥13.59bn¥12.78bn¥12.10bn¥11.79bn
Cash and short-term investments¥5.26bn¥4.47bn¥6.60bn¥4.96bn¥5.03bn¥4.37bn¥4.36bn¥3.61bn¥2.94bn¥3.07bn
Total liabilities¥4.04bn¥3.99bn¥6.00bn¥4.84bn¥4.42bn¥3.76bn¥4.34bn¥4.47bn¥4.10bn¥3.79bn
Debt¥17.6m¥38.7m¥48.5m¥72.8m¥36.5m¥32.9m¥46.1m¥40.7m¥35.3m¥17.0m
Shareholders' equity¥14.48bn¥12.94bn¥12.24bn¥10.53bn¥10.45bn¥9.73bn¥9.25bn¥8.31bn¥8.00bn¥8.00bn
Shares outstanding5m5m5m5m5m5m5m5m5m5m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥1.80bn−¥1.46bn¥2.01bn¥623.6m¥937.8m¥913.0m¥1.14bn¥847.5m−¥12.1m¥571.9m
Capital spending−¥792.5m−¥490.7m−¥272.2m−¥284.7m−¥275.5m−¥808.3m−¥301.3m−¥99.2m−¥33.6m−¥141.7m
Free cash flow¥1.00bn−¥1.96bn¥1.73bn¥338.9m¥662.3m¥104.7m¥839.4m¥748.3m−¥45.7m¥430.2m
Dividends paid−¥231.5m−¥139.0m−¥83.0m−¥80.0m−¥79.8m−¥79.7m−¥69.2m−¥59.3m−¥59.1m−¥59.3m

Latest quarters

By quarter end

Aug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Revenue¥2.85bn¥2.95bn¥2.64bn¥2.87bn¥2.76bn¥2.84bn¥2.71bn¥3.02bn
Gross profit¥719.7m¥701.4m¥637.9m¥732.1m¥669.5m¥603.7m¥684.6m¥848.5m
Operating income¥261.9m¥223.6m¥213.9m¥281.1m¥222.1m¥138.3m¥256.5m¥373.9m
Net income¥230.8m¥203.4m¥189.1m¥206.4m¥222.9m¥117.5m¥197.5m¥271.1m
Diluted earnings per share49.6843.7940.7044.4648.0325.3142.5558.52
Cash from operations—¥1.80bn——————
Capital spending—−¥792.0m——————
Free cash flow—¥1.00bn——————
Total assets¥18.60bn¥18.52bn¥18.66bn¥17.31bn¥17.19bn¥16.93bn¥16.35bn¥17.63bn
Cash and short-term investments¥5.25bn¥5.26bn¥4.63bn¥4.40bn¥4.35bn¥4.47bn¥5.07bn¥6.21bn
Debt—¥12.8m———¥21.0m——
Shareholders' equity¥14.81bn¥14.48bn¥14.76bn¥13.80bn¥13.38bn¥12.94bn¥12.66bn¥12.49bn

Financial ratios

Data as of 7 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2007FY2005
Gross margin24.2%24.6%28.5%20.8%22.1%24.5%———
Operating margin8.4%9.0%14.6%5.6%6.8%8.8%———
Net margin7.3%6.9%10.1%4.6%5.9%6.6%———
Return on equity5.7%6.2%9.5%4.7%5.7%6.3%———
Return on assets4.4%4.7%6.3%3.2%4.0%4.6%———
Free cash flow yield34.4%-13.0%30.4%12.1%15.0%21.3%———
Revenue growth-2.6%0.1%5.9%7.8%7.3%-6.3%———
Earnings growth2.9%-31.0%133.8%-16.3%-4.2%-36.6%———
Current ratio3.52x3.49x2.64x2.76x2.74x2.96x———
Debt to equity0.00x0.00x0.00x0.00x0.00x0.00x———
Equity ratio78.2%76.5%67.1%68.5%70.3%72.1%———
Interest coverage———————828.00x192.80x
R&D as a share of sales—0.2%0.2%0.2%0.3%0.3%0.3%——
Buybacks as a share of market value-0.1%-0.2%-0.2%7.5%-0.2%-0.3%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue1.1%3.6%2.9%
Operating income15.3%2.7%13.4%
Net income18.4%5.9%16.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin24.4%24.6%24.2%22.5%
Operating margin8.7%9.5%8.9%7.5%
Net margin7.1%7.3%6.9%5.7%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings9.39.54.813.36.87.24.79.067.255.3
Price to sales0.70.70.50.60.40.50.50.50.30.4

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 27 Nov 2025.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year25.0045.0018.0016.0016.0016.0014.0012.00

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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