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Employees: 4,705
Size Japan Pulp and Paper (8032.T) is a Japan Materials company (Pulp & Paper) with a market value of $877M, the 790th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,203 on 6 Nov 2026.
Performance Over six months the shares gained 8.6%, against -21.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median 0.0%); the operating margin is 1.9% (peer median 0.7%).
Valuation It trades at 15.3× forward earnings against a peer median of 14.4× (6th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥618B | ¥607B | ¥555B | ¥534B | ¥545B |
| Revenue growth | — | +9% | +4% | -2% | — |
| Gross profit | ¥108B | ¥105B | ¥91.5B | ¥87.4B | ¥86.3B |
| EBITDA | ¥23.2B | ¥22.3B | ¥24.8B | ¥27.4B | ¥29.5B |
| Net income | ¥5.37B | ¥4.72B | ¥7.57B | ¥10.4B | ¥25.4B |
| Free cash flow | n/a | ¥18.9B | ¥17.3B | ¥17.2B | -¥7.77B |
| Capital expenditure | n/a | ¥6.21B | ¥4.59B | ¥4.27B | ¥8.32B |
| Total debt | ¥115B | ¥115B | ¥113B | ¥104B | ¥119B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8032.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.1% | -8.4% | 6th highest of 21 |
| 6-month return | +8.6% | -21.0% | 2nd highest of 21 |
| Distance from 52-week high | -15.8% | -38.7% | 2nd highest of 21 |
| Revenue growth (TTM) | +9.6% | 0.0% | 5th highest of 21 |
| Operating margin | 1.9% | 0.7% | 8th highest of 21 |
| Forward P/E | 15.3× | 14.4× | 6th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 3.5% | 10.8% | 4th least demanding of 11 |
| Growth delivered (Del g) | +5.6% | +3.2% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -2.1 pp | +3.6 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | -1.7 pp | -5.2 pp | 4th highest of 21 |
| Net debt / EBITDA | 3.8× | 4.6× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Japan Pulp and Paper 8032.T | Japan | $877M | +9% | +10% | 2% | 15.3× | 3.5% | +5.6% |
| Wuzhou Special Paper 605007.SS | China | $882M | -22% | +17% | 5% | 12.1× | n/a | n/a |
| Nippon Paper Industries 3863.T | Japan | $899M | -6% | +2% | 2% | 11.8× | 15.4% | +3.4% |
| Shandong Bohui Paper Industry 600966.SS | China | $841M | -33% | -2% | 2% | 38.0× | -0.6% | +6.5% |
| Sichuan Jinshi Technology 002951.SZ | China | $840M | -7% | -52% | -102% | n/a | n/a | n/a |
| Fujian Qingshan Paper Industry 600103.SS | China | $930M | -35% | +5% | 2% | n/a | 14.6% | -0.5% |
| Hokuetsu 3865.T | Japan | $816M | -9% | -5% | 2% | 17.2× | n/a | n/a |
| Shanying International 600567.SS | China | $962M | -27% | +1% | -7% | n/a | -11.8% | +2.9% |
| Guangdong Guanhao High-Tech 600433.SS | China | $788M | -37% | -1% | -4% | 11.7× | 25.9% | +2.0% |
| Zhejiang Jingxing Paper Joint Stock 002067.SZ | China | $787M | -27% | +18% | 0% | n/a | n/a | n/a |
| Yueyang Forest & Paper 600963.SS | China | $1.02B | -14% | -10% | -5% | 19.9× | n/a | n/a |
| Daio Paper 3880.T | Japan | $1.03B | +3% | +1% | 4% | 15.6× | 3.7% | +3.4% |
| JK Paper JKPAPER.NS | India | $707M | -1% | +12% | 8% | 9.8× | 19.8% | +20.7% |
| Shandong Huatai Paper 600308.SS | China | $662M | -25% | -5% | -2% | n/a | n/a | n/a |
| Hangzhou Huawang New Material Technology 605377.SS | China | $655M | -20% | -13% | 8% | 13.2× | -7.9% | +14.8% |
| Metsa Board METSA.HE | Finland | $1.22B | -17% | -11% | -4% | n/a | 16.7% | -1.2% |
| ENCE Energia y Celulosa ENC.MC | Spain | $608M | -9% | -1% | 1% | n/a | n/a | n/a |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | n/a | n/a | n/a |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | n/a | n/a | n/a |
| YFY 1907.TW | Taiwan | $1.40B | +18% | -2% | 0% | 23.1× | 7.1% | +0.1% |
| Shandong Chenming Paper 1812.HK | Hong Kong | $545M | -52% | +4% | -37% | n/a | n/a | n/a |