Okayama Paper Manufacturing recorded net sales of 11,221 million yen (3.6% decrease) and net income of 821 million yen (2.9% increase) for the fiscal year ending May 2026. Operating profit was 940 million yen, down 8.9%, pressured by increased costs, but net income increased.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3892","jir_company_name":"Okayama Paper Manufacturing","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-07-14","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/07\/3892-20260714-01.pdf","jir_short_summary":"Okayama Paper Manufacturing recorded net sales of 11,221 million yen (3.6% decrease) and net income of 821 million yen (2.9% increase) for the fiscal year ending May 2026. Operating profit was 940 million yen, down 8.9%, pressured by increased costs, but net income increased.","jir_summary":"### Performance Overview\nOkayama Paper Manufacturing achieved net sales of 11,221 million yen (YoY \u25b32.6%) 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 \u25b38.9%), 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.\n\n### Future Outlook and Impact on Shareholders\nOkayama 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.","jir_financial_highlights":"Net Sales: 11,221 million yen (\u25b32.6\uff05)\nOperating Income: 940 million yen (\u25b38.9\uff05)\nNet Income attributable to owners of the parent: 821 million yen (+2.9\uff05)\nShareholders' Equity: 14,481 million yen (\uff0b1,537 million yen)\nTotal Assets: 18,518 million yen (\uff0b1,925 million yen)","jir_category":"","jir_hashtags":"#OkayamaPaperManufacturing, #IRFinancialResults, #JapaneseStocks","jir_key_figures":"Net sales: 11,221 million yen (YoY \u25b32.6%)\nNet income: 821 million yen (YoY +2.9%)\nShareholders' equity: 14,481 million yen (increase)","jir_meta_title":"\u3010Okayama Paper Manufacturing\u30112026 Financial Results | Slight decrease in sales but net income increases","jir_meta_description":"Okayama Paper Manufacturing achieved net sales of 11,221 million yen (\u25b32.6%) and net income of 821 million yen (+2.9%) for 2026. This report also explains future forecasts and dividend policies.","jir_og_title":"\u3010Okayama Paper Manufacturing\u30112026 Financial Results | Increase in net income despite slight sales decrease","jir_og_description":"Detailed overview of Okayama Paper Manufacturing's 2026 financial results and future outlook, including sales, profits, and dividend policies.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Sales Trends\", \"jir_chart_json_data\": \"{\\\"labels\\\": [\\\"May 2025\\\",\\\"May 2026\\\"],\\\"datasets\\\": [{\\\"label\\\": \\\"Net Sales\\\",\\\"data\\\": [11522,11221],\\\"borderColor\\\": \\\"#36A2EB\\\",\\\"fill\\\": false}]} \"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Profit Trends\", \"jir_chart_json_data\": \"{\\\"labels\\\": [\\\"May 2025\\\",\\\"May 2026\\\"],\\\"datasets\\\": [{\\\"label\\\": \\\"Operating Income\\\",\\\"data\\\": [1033,940],\\\"borderColor\\\": \\\"#FF6384\\\",\\\"fill\\\": false}]} \"}, {\"jir_chart_id\": \"net_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Income Trends\", \"jir_chart_json_data\": \"{\\\"labels\\\": [\\\"May 2025\\\",\\\"May 2026\\\"],\\\"datasets\\\": [{\\\"label\\\": \\\"Net Income\\\",\\\"data\\\": [798,821],\\\"borderColor\\\": \\\"#4BC0C0\\\",\\\"fill\\\": false}]} \"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"pie\", \"jir_chart_title\": \"Segment Revenue Breakdown\", \"jir_chart_json_data\": \"{\\\"labels\\\": [\\\"Paperboard Business\\\",\\\"Decorative Cardboard Business\\\"],\\\"datasets\\\": [{\\\"data\\\": [10189,1334],\\\"backgroundColor\\\": [\\\"#FF6384\\\",\\\"#36A2EB\\\"]}]} \"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Profit Margin Analysis\", \"jir_chart_json_data\": \"{\\\"labels\\\": [\\\"Gross Profit\\\",\\\"Operating Profit\\\",\\\"Net Income\\\"],\\\"datasets\\\": [{\\\"label\\\": \\\"FY2026\\\",\\\"data\\\": [2840,940,821],\\\"backgroundColor\\\": [\\\"#FFCE56\\\",\\\"#4BC0C0\\\",\\\"#9966FF\\\"]}]} \"}]","ir_related_company":59085,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-80237","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n