Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.80, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 23x in the Forestry industry in Europe. Total returns to shareholders of 98% over the past three years. Anuncio • Jun 30
Mitsubishi Paper Mills Limited to Report Q1, 2027 Results on Aug 06, 2026 Mitsubishi Paper Mills Limited announced that they will report Q1, 2027 results on Aug 06, 2026 Anuncio • May 30
Mitsubishi Paper Mills Limited Declares Dividend for the Fiscal Year Ended March 31, 2026, Payable on June 8, 2026 Mitsubishi Paper Mills Limited declared dividend for the fiscal year ended March 31, 2026, of JPY 15 per share against JPY 15 per share paid a year ago. Effective date: June 8, 2026. Record date: March 31,2026. MPM's basic policy regarding dividends of surplus is to regard the distribution of profits to shareholders as a key management issue and maintain stable and continuous dividends while
comprehensively considering business performance in each business year and investing in growth for the future management initiatives. Regarding the year-end dividend for the fiscal year ending March
2026, we have decided to pay a year-end dividend of 15 yen per share, after considering the need to maintain stable dividends and the recent business performance trends. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €5.75, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 21x in the Forestry industry in Europe. Total returns to shareholders of 90% over the past three years. Board Change • May 20
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Executive VP, Head of Corporate Governance & Representative Director Shigeharu Sanada is the most experienced director on the board, commencing their role in 2020. Outside Independent Director Yoshimi Shu was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Anuncio • May 14
Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 26, 2026 Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 26, 2026. Anuncio • May 09
Mitsubishi Paper Mills Limited to Report Fiscal Year 2026 Results on May 14, 2026 Mitsubishi Paper Mills Limited announced that they will report fiscal year 2026 results on May 14, 2026 Anuncio • Jan 06
Mitsubishi Paper Mills Limited to Report Q3, 2026 Results on Feb 13, 2026 Mitsubishi Paper Mills Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Anuncio • May 30
Mitsubishi Paper Mills Limited Announces Dividend for the Fiscal Year Ended March 31, 2025, Payable on June 9, 2025 Mitsubishi Paper Mills Limited announced that at the board meeting held on May 30, 2025 it declared dividend of JPY 15.00 per share for the fiscal year ended March 31, 2025 against JPY 10.00 per share a year ago. Record date is March 31, 2025. Effective date is June 9, 2025. Anuncio • May 14
Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 27, 2025 Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 27, 2025. Anuncio • Feb 28
Mitsubishi Paper Mills Limited to Report Fiscal Year 2025 Results on May 14, 2025 Mitsubishi Paper Mills Limited announced that they will report fiscal year 2025 results on May 14, 2025 Declared Dividend • Nov 16
Dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th March 2025 Payment date: 10th June 2025 Dividend yield will be 352%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 10% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
First quarter 2025 earnings released: JP¥0.53 loss per share (vs JP¥20.96 profit in 1Q 2024) First quarter 2025 results: JP¥0.53 loss per share (down from JP¥20.96 profit in 1Q 2024). Revenue: JP¥45.0b (down 8.7% from 1Q 2024). Net loss: JP¥23.0m (down 102% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €3.40, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 27% over the past three years. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.86, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 10x in the Forestry industry in Europe. Total returns to shareholders of 87% over the past three years. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥95.27 (vs JP¥12.95 loss in FY 2023) Full year 2024 results: EPS: JP¥95.27 (up from JP¥12.95 loss in FY 2023). Revenue: JP¥193.5b (down 7.7% from FY 2023). Net income: JP¥4.17b (up JP¥4.74b from FY 2023). Profit margin: 2.2% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Anuncio • May 15
Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 27, 2024 Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.86, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 49% over the past three years. New Risk • Mar 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.5%). Anuncio • Mar 02
Mitsubishi Paper Mills Limited to Report Fiscal Year 2024 Results on May 13, 2024 Mitsubishi Paper Mills Limited announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: JP¥47.90 loss per share (vs JP¥103 loss in 3Q 2023) Third quarter 2024 results: JP¥47.90 loss per share (improved from JP¥103 loss in 3Q 2023). Revenue: JP¥48.0b (down 11% from 3Q 2023). Net loss: JP¥2.10b (loss narrowed 54% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Anuncio • Nov 26
Mitsubishi Paper Mills Limited to Report Q3, 2024 Results on Feb 14, 2024 Mitsubishi Paper Mills Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥16.47 (vs JP¥6.07 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.47 (up from JP¥6.07 in 2Q 2023). Revenue: JP¥47.4b (down 8.5% from 2Q 2023). Net income: JP¥721.0m (up 168% from 2Q 2023). Profit margin: 1.5% (up from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Anuncio • Sep 28
Mitsubishi Paper Mills Limited to Report Q2, 2024 Results on Nov 13, 2023 Mitsubishi Paper Mills Limited announced that they will report Q2, 2024 results on Nov 13, 2023 Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.80, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 8x in the Forestry industry in Europe. Total returns to shareholders of 37% over the past three years. New Risk • Aug 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 32% per year over the past 5 years. Reported Earnings • Aug 06
First quarter 2024 earnings released: EPS: JP¥20.96 (vs JP¥12.53 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥20.96 (up from JP¥12.53 loss in 1Q 2023). Revenue: JP¥49.3b (up 1.5% from 1Q 2023). Net income: JP¥917.0m (up JP¥1.47b from 1Q 2023). Profit margin: 1.9% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Anuncio • Jun 28
Mitsubishi Paper Mills Limited to Report Q1, 2024 Results on Aug 04, 2023 Mitsubishi Paper Mills Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 16
Full year 2023 earnings released: JP¥12.95 loss per share (vs JP¥24.61 profit in FY 2022) Full year 2023 results: JP¥12.95 loss per share (down from JP¥24.61 profit in FY 2022). Revenue: JP¥209.5b (up 15% from FY 2022). Net loss: JP¥571.0m (down 152% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Anuncio • May 13
Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 29, 2023 Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 29, 2023. Reported Earnings • Feb 16
Third quarter 2023 earnings released: JP¥103 loss per share (vs JP¥4.18 profit in 3Q 2022) Third quarter 2023 results: JP¥103 loss per share (down from JP¥4.18 profit in 3Q 2022). Revenue: JP¥54.2b (up 18% from 3Q 2022). Net loss: JP¥4.53b (down JP¥4.72b from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Anuncio • Dec 28
Mitsubishi Paper Mills Limited to Report Q3, 2023 Results on Feb 14, 2023 Mitsubishi Paper Mills Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥6.07 (vs JP¥31.78 in 2Q 2022) Second quarter 2023 results: EPS: JP¥6.07 (down from JP¥31.78 in 2Q 2022). Revenue: JP¥51.8b (up 17% from 2Q 2022). Net income: JP¥269.0m (down 81% from 2Q 2022). Profit margin: 0.5% (down from 3.2% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 2 independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Nov 15
Mitsubishi Paper Mills Limited Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Mitsubishi Paper Mills Limited provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects Net sales of JPY 215,000 million, operating income of JPY 2,500 million, profit attributable to owners of parent JPY 1,500 million and Earnings per share of JPY 33.74. Anuncio • Nov 14
Mitsubishi Paper Mills Limited Provides Dividend Guidance for the Year End of 2022 Mitsubishi Paper Mills Limited provided dividend guidance for the year end of 2022. For the year end, the company expects to pay a dividend of JPY 5.00 per share compared to JPY 0.00 per share paid a year ago. Anuncio • Sep 24
Mitsubishi Paper Mills Limited to Report Q2, 2023 Results on Nov 14, 2022 Mitsubishi Paper Mills Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: JP¥12.53 loss per share (vs JP¥26.00 loss in 1Q 2022) First quarter 2023 results: JP¥12.53 loss per share (up from JP¥26.00 loss in 1Q 2022). Revenue: JP¥48.6b (up 16% from 1Q 2022). Net loss: JP¥557.0m (loss narrowed 52% from 1Q 2022). Over the next year, revenue is forecast to grow 3.2%, compared to a 2.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 21% per year. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥24.61 (vs JP¥56.70 loss in FY 2021) Full year 2022 results: EPS: JP¥24.61 (up from JP¥56.70 loss in FY 2021). Revenue: JP¥181.9b (up 12% from FY 2021). Net income: JP¥1.10b (up JP¥3.63b from FY 2021). Profit margin: 0.6% (up from net loss in FY 2021). Over the next year, revenue is forecast to stay flat compared to a 8.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Anuncio • May 14
Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 28, 2022 Mitsubishi Paper Mills Limited, Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 2 independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Apr 08
Mitsubishi Paper Mills Limited to Report Fiscal Year 2022 Results on May 12, 2022 Mitsubishi Paper Mills Limited announced that they will report fiscal year 2022 results on May 12, 2022 Reported Earnings • Feb 16
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥4.18 (up from JP¥19.59 loss in 3Q 2021). Revenue: JP¥46.1b (up 14% from 3Q 2021). Net income: JP¥186.0m (up JP¥1.06b from 3Q 2021). Profit margin: 0.4% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 2.7%, compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥31.78 (vs JP¥15.76 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥44.1b (up 18% from 2Q 2021). Net income: JP¥1.42b (up JP¥2.12b from 2Q 2021). Profit margin: 3.2% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
First quarter 2022 earnings released: JP¥26.00 loss per share (vs JP¥37.19 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥41.7b (up 1.4% from 1Q 2021). Net loss: JP¥1.16b (loss narrowed 30% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
Full year 2021 earnings released: JP¥56.70 loss per share (vs JP¥17.94 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥162.3b (down 17% from FY 2020). Net loss: JP¥2.53b (down 416% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Anuncio • Mar 04
Mitsubishi Paper Mills Limited to Report Fiscal Year 2021 Results on May 13, 2021 Mitsubishi Paper Mills Limited announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 13
Third quarter 2021 earnings released: JP¥19.59 loss per share (vs JP¥15.52 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: JP¥40.2b (down 17% from 3Q 2020). Net loss: JP¥875.0m (loss widened 26% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 12
New 90-day high: €2.80 The company is up 5.0% from its price of €2.66 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: €2.44 The company is down 12% from its price of €2.78 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: €2.46 The company is down 5.0% from its price of €2.58 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 15% over the same period. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue misses expectations Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 2.6% compared to a 1.6% decline forecast for the Forestry industry in Germany. Reported Earnings • Nov 14
Second quarter 2021 earnings released: JP¥15.76 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥37.5b (down 24% from 2Q 2020). Net loss: JP¥704.0m (down 155% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 31
New 90-day low: €2.50 The company is down 2.0% from its price of €2.54 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 9.0% over the same period. Anuncio • Sep 03
Mitsubishi Paper Mills Limited to Report Q3, 2021 Results on Feb 10, 2021 Mitsubishi Paper Mills Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Anuncio • Aug 14
Oji F-Tex Co.,Ltd. agreed to acquire Electrical insulation paper business of Mitsubishi Paper Mills Limited. Oji F-Tex Co.,Ltd. agreed to acquire Electrical insulation paper business of Mitsubishi Paper Mills Limited on August 13, 2020. Transaction is expected to close on October 1, 2020. The impact of this transaction on the consolidated business results of Mitsubishi Paper Mills for the year ending March 31, 2021 is immaterial.