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Japanese (NIKKEI) Paper and Forestry Products Industry Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies15
  • 7D2.4%
  • 3M12.1%
  • 1Y24.8%
  • YTD4.5%

The Paper and Forestry Products industry is up 2.4% in the last week, with Oji Holdings up 2.0%. In the last 12 months, the industry was up 25%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

Has the Japanese Paper and Forestry Products Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026JP¥1.4tJP¥4.5tJP¥71.7b9.2x20.2x0.3x
Fri, 19 Dec 2025JP¥1.3tJP¥4.5tJP¥71.9b8.5x18.8x0.3x
Sun, 16 Nov 2025JP¥1.3tJP¥4.5tJP¥68.8b8.2x18.7x0.3x
Tue, 14 Oct 2025JP¥1.3tJP¥4.6tJP¥48.4b10.4x26.5x0.3x
Thu, 11 Sep 2025JP¥1.4tJP¥4.6tJP¥48.4b11.7x28.5x0.3x
Sat, 09 Aug 2025JP¥1.3tJP¥4.6tJP¥46.8b12.5x27.5x0.3x
Mon, 07 Jul 2025JP¥1.2tJP¥4.5tJP¥68.3b11.3x18.1x0.3x
Wed, 04 Jun 2025JP¥1.2tJP¥4.5tJP¥68.3b11.3x17.3x0.3x
Fri, 02 May 2025JP¥1.2tJP¥4.5tJP¥115.4b6x10.5x0.3x
Sun, 30 Mar 2025JP¥1.2tJP¥4.5tJP¥115.4b6.2x10.3x0.3x
Tue, 25 Feb 2025JP¥1.2tJP¥4.5tJP¥115.4b6x10.5x0.3x
Thu, 23 Jan 2025JP¥1.2tJP¥4.4tJP¥74.8b9.5x16.1x0.3x
Sat, 21 Dec 2024JP¥1.2tJP¥4.4tJP¥74.8b8.9x15.8x0.3x
Mon, 18 Nov 2024JP¥1.1tJP¥4.4tJP¥77.7b9.6x14.6x0.3x
Wed, 16 Oct 2024JP¥1.2tJP¥4.4tJP¥92.5b9.3x13.1x0.3x
Fri, 13 Sep 2024JP¥1.2tJP¥4.4tJP¥92.2b9.1x12.6x0.3x
Sun, 11 Aug 2024JP¥1.1tJP¥4.4tJP¥97.6b9.2x11.3x0.3x
Tue, 09 Jul 2024JP¥1.2tJP¥4.4tJP¥98.2b9.2x11.8x0.3x
Thu, 06 Jun 2024JP¥1.2tJP¥4.4tJP¥98.2b9x12.3x0.3x
Sat, 04 May 2024JP¥1.3tJP¥4.4tJP¥42.4b10.8x29.8x0.3x
Mon, 01 Apr 2024JP¥1.4tJP¥4.4tJP¥42.7b11.5x33.3x0.3x
Wed, 28 Feb 2024JP¥1.2tJP¥4.4tJP¥42.7b11.1x28.8x0.3x
Fri, 26 Jan 2024JP¥1.4tJP¥4.6tJP¥20.8b14.2x65.5x0.3x
Sun, 24 Dec 2023JP¥1.4tJP¥4.6tJP¥21.1b14.1x64.2x0.3x
Tue, 21 Nov 2023JP¥1.3tJP¥4.6tJP¥21.1b12x62.1x0.3x
Thu, 19 Oct 2023JP¥1.3tJP¥4.6tJP¥256.0m12x5172x0.3x
Sat, 16 Sep 2023JP¥1.4tJP¥4.6tJP¥430.0m12.8x3207.7x0.3x
Mon, 14 Aug 2023JP¥1.2tJP¥4.6tJP¥444.0m11.1x2797.1x0.3x
Wed, 12 Jul 2023JP¥1.2tJP¥4.6tJP¥998.0m9.3x1155x0.3x
Fri, 09 Jun 2023JP¥1.2tJP¥4.6tJP¥998.0m9.4x1186.8x0.3x
Sun, 07 May 2023JP¥1.2tJP¥4.5tJP¥37.2b8.8x30.9x0.3x
Tue, 04 Apr 2023JP¥1.1tJP¥4.5tJP¥37.6b8.8x30.4x0.3x
Thu, 02 Mar 2023JP¥1.2tJP¥4.5tJP¥37.6b9.2x30.7x0.3x
Sat, 28 Jan 2023JP¥1.1tJP¥4.3tJP¥92.3b7.9x11.9x0.3x
Price to Earnings Ratio

11.9x


Total Market Cap: JP¥1.1tTotal Earnings: JP¥92.3bTotal Revenue: JP¥4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Paper and Forestry Products Industry Price to Earnings3Y Average 392x202420252026
Current Industry PE
  • Investors are pessimistic on the Japanese Forestry industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.2x which is lower than its 3-year average PE of 392x.
  • The industry is trading close to its 3-year average PS ratio of 0.28x.
Past Earnings Growth
  • The earnings for companies in the Forestry industry have declined 8.1% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Japanese Materials industry?

JP Market3.73%
Materials6.74%
Paper and Forestry Products2.40%
Forestry Products2.74%
Paper Products2.39%
Industry PE
  • Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio of 8.6x.
    • Analysts are expecting annual earnings growth of 25.0%, which is higher than its past year's earnings decline of 11.6% per year.
  • Investors are most pessimistic about the Forestry Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Paper Products industry is expected to see its earnings grow by 25% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
3861 Oji HoldingsJP¥925.902.0%
+JP¥16.7b		53.0%PE25.4x
3896 Awa Paper & Technological CompanyJP¥456.0034.5%
+JP¥1.2b		-2.1%PS0.3x
3708 Tokushu Tokai PaperJP¥1.70k1.3%
+JP¥731.8m		43.6%PE15.5x
3864 Mitsubishi Paper MillsJP¥684.000.3%
+JP¥87.6m		13.4%PE9.1x
7897 HokushinJP¥115.002.7%
+JP¥85.1m		11.7%n/a

Latest News

7808
JP¥3,035.00
C.S. Lumber
7D
-5.2%
1Y
6.2%
3896
JP¥456.00
Awa Paper & Technological Company
7D
34.5%
1Y
-2.1%

Awa Paper & Technological Company, Inc.'s (TSE:3896) Shares Climb 26% But Its Business Is Yet to Catch Up

Jan 14
Awa Paper & Technological Company, Inc.'s (TSE:3896) Shares Climb 26% But Its Business Is Yet to Catch Up
3880
JP¥985.00
Daio Paper
7D
-1.1%
1Y
14.7%

Daio Paper Corporation (TSE:3880) Shares Could Be 29% Below Their Intrinsic Value Estimate

Jan 09
Daio Paper Corporation (TSE:3880) Shares Could Be 29% Below Their Intrinsic Value Estimate
7887
JP¥9,870.00
Nankai PlywoodLtd
7D
-2.3%
1Y
83.5%
3864
JP¥684.00
Mitsubishi Paper Mills
7D
0.3%
1Y
13.4%

Mitsubishi Paper Mills (TSE:3864) Will Pay A Dividend Of ¥15.00

Jan 06
Mitsubishi Paper Mills (TSE:3864) Will Pay A Dividend Of ¥15.00
7800
JP¥682.00
AmifaLtd
7D
0.7%
1Y
14.4%

We Think AmifaLtd's (TSE:7800) Robust Earnings Are Conservative

Dec 31
We Think AmifaLtd's (TSE:7800) Robust Earnings Are Conservative
3861
JP¥925.90
Oji Holdings
7D
2.0%
1Y
53.0%

Oji Holdings (TSE:3861) Has Announced A Dividend Of ¥18.00

Dec 31
Oji Holdings (TSE:3861) Has Announced A Dividend Of ¥18.00
7827
JP¥1,641.00
Orvis
7D
-0.1%
1Y
21.3%
3865
JP¥943.00
Hokuetsu
7D
-3.7%
1Y
-38.5%

Hokuetsu (TSE:3865) Will Pay A Dividend Of ¥13.00

Dec 24
Hokuetsu (TSE:3865) Will Pay A Dividend Of ¥13.00
3863
JP¥1,178.00
Nippon Paper Industries
7D
-1.2%
1Y
30.5%
7897
JP¥115.00
Hokushin
7D
2.7%
1Y
11.7%
7898
JP¥1,006.00
Wood OneLtd
7D
0.9%
1Y
20.3%
3708
JP¥1,699.00
Tokushu Tokai Paper
7D
1.3%
1Y
43.6%
3877
JP¥2,007.00
Chuetsu Pulp & Paper
7D
-0.8%
1Y
36.9%

Chuetsu Pulp & Paper's (TSE:3877) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 03
Chuetsu Pulp & Paper's (TSE:3877) Shareholders Will Receive A Bigger Dividend Than Last Year