【Okayama Paper Manufacturing】2026 Financial Results | Sales of 1.12 billion yen (YoY -2.6%)

Performance Overview

Okayama Paper Manufacturing achieved net sales of 11,221 million yen (YoY △2.6%) and net income of 821 million yen (YoY +2.9%) for the fiscal year ending May 2026. Operating profit declined to 940 million yen (YoY △8.9%), impacted by increased costs and reduced sales volumes. Segment-wise, the paperboard division's sales and profits decreased due to lower sales volumes and rising costs. Meanwhile, the decorative cardboard division maintained sales through price revisions. Financial condition improved with increases in total assets and shareholders' equity, and cash flow also showed improvement.

Future Outlook and Impact on Shareholders

Okayama Paper Manufacturing will continue to focus on reducing costs, building production systems aligned with demand, maintaining appropriate pricing, and expanding new business partners. The earnings forecast for the fiscal year ending May 2027 is sales of 11,700 million yen and net income of 630 million yen, with attention to economic conditions and raw material price fluctuations. The dividend for FY2026 will stay at 25 yen per share, with a payout ratio of 28.2%, maintaining a stable dividend policy. While emphasizing shareholder returns and financial health, the company is also promoting environmental load reduction and investment in human capital.