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Capital & Financial Markets 9 Nov 2026

Oji Holdings cuts full-year operating profit forecast by 25%

Oji Holdings has cut its operating profit guidance for the year to 31 March 2027 by 25.0% to JPY 45bn (USD 285m), from the JPY 60bn (USD 380m) forecast issued on 15 May. It cites a slower pulp market recovery, higher overseas costs, and raw material and fuel inflation in Japan linked to the prolonged Middle East situation. Sales guidance rises 1.0% to JPY 1,960bn (USD 12.41bn). Net profit guidance stays at JPY 35bn (USD 222m), supported by sales of shareholdings and other measures.

Why this mattersA slower pulp market recovery and Middle East-linked raw material and fuel inflation outweigh a stronger-than-expected first half at a leading Japanese paper and forestry group.

  • Full-year operating profit forecast cut 25.0% to JPY 45bn (USD 285m) from JPY 60bn (USD 380m)
  • Ordinary profit forecast cut 33.3% to JPY 30bn (USD 190m) from JPY 45bn (USD 285m)
  • Sales forecast raised 1.0% to JPY 1,960bn (USD 12.41bn) from JPY 1,940bn (USD 12.29bn)
  • Net profit forecast held at JPY 35bn (USD 222m); forecast EPS raised to JPY 40.94 (USD 0.26) from JPY 38.47 (USD 0.24)
  • First-half operating profit of JPY 15.533bn (USD 98.37m) was 29.4% above the JPY 12bn (USD 76m) forecast
  • Reasons given: slower pulp market recovery, higher overseas costs, and Middle East-linked raw material and fuel inflation in Japan
Oji Holdings
Sources papnews.com
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-10 · Edited before publication: Net profit, EPS and first-half amounts had no USD conversion; now converted. The source says shareholding sales 'and other measures', not 'other assets'.
  • 2026-11-10 · Edited before publication: A 25% operating profit guidance cut at a core company is material, so raised to 4. The why-it-matters misread the cause: the source cites a slower pulp market recovery, not a pulp price recovery. Raw materials topic added. Conversions are correct.