Oji Holdings Corporation

TSE:3861 Stock Report

Market Cap: JP¥657.3b

Oji Holdings Future Growth

Future criteria checks 1/6

Oji Holdings is forecast to grow earnings and revenue by 7.4% and 2.2% per annum respectively. EPS is expected to grow by 11.2% per annum. Return on equity is forecast to be 6.1% in 3 years.

Key information

7.4%

Earnings growth rate

11.20%

EPS growth rate

Forestry earnings growth23.0%
Revenue growth rate2.2%
Future return on equity6.10%
Analyst coverage

Good

Last updated01 Jun 2026

Recent future growth updates

Analysis Article • Feb 12

Oji Holdings Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Oji Holdings Corporation ( TSE:3861 ) came out with its third-quarter results last week, and we wanted to see how the...

Recent updates

Analysis Article • May 22

Oji Holdings' (TSE:3861) Solid Earnings May Rest On Weak Foundations

Oji Holdings Corporation's ( TSE:3861 ) robust recent earnings didn't do much to move the stock. We think this is due...
Analysis Article • Feb 04

Oji Holdings (TSE:3861) Use Of Debt Could Be Considered Risky

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Dec 31

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

Oji Holdings Corporation ( TSE:3861 ) has announced that it will pay a dividend of ¥18.00 per share on the 5th of June...
Analysis Article • Dec 17

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

Oji Holdings Corporation ( TSE:3861 ) will pay a dividend of ¥18.00 on the 5th of June. This makes the dividend yield...
Analysis Article • Dec 03

Oji Holdings (TSE:3861) Is Due To Pay A Dividend Of ¥18.00

Oji Holdings Corporation ( TSE:3861 ) will pay a dividend of ¥18.00 on the 5th of June. This will take the annual...
Analysis Article • Nov 20

Oji Holdings' (TSE:3861) Anemic Earnings Might Be Worse Than You Think

The subdued market reaction suggests that Oji Holdings Corporation's ( TSE:3861 ) recent earnings didn't contain any...
Analysis Article • Nov 02

Here's What's Concerning About Oji Holdings' (TSE:3861) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Analysis Article • Sep 07

Oji Holdings (TSE:3861) Will Pay A Larger Dividend Than Last Year At ¥18.00

Oji Holdings Corporation's ( TSE:3861 ) dividend will be increasing from last year's payment of the same period to...
Analysis Article • Aug 23

Oji Holdings Corporation (TSE:3861) Not Flying Under The Radar

With a price-to-earnings (or "P/E") ratio of 31.7x Oji Holdings Corporation ( TSE:3861 ) may be sending very bearish...
Analysis Article • Jul 24

Oji Holdings' (TSE:3861) Upcoming Dividend Will Be Larger Than Last Year's

The board of Oji Holdings Corporation ( TSE:3861 ) has announced that it will be paying its dividend of ¥18.00 on the...
Analysis Article • Jul 10

Oji Holdings (TSE:3861) Is Increasing Its Dividend To ¥18.00

The board of Oji Holdings Corporation ( TSE:3861 ) has announced that it will be paying its dividend of ¥18.00 on the...
Analysis Article • Jun 30

A Look At The Intrinsic Value Of Oji Holdings Corporation (TSE:3861)

Key Insights Oji Holdings' estimated fair value is JP¥734 based on 2 Stage Free Cash Flow to Equity Current share price...
Analysis Article • Jun 10

Oji Holdings (TSE:3861) Use Of Debt Could Be Considered Risky

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • May 20

Oji Holdings' (TSE:3861) Sluggish Earnings Might Be Just The Beginning Of Its Problems

The subdued market reaction suggests that Oji Holdings Corporation's ( TSE:3861 ) recent earnings didn't contain any...
Analysis Article • Mar 24

It's A Story Of Risk Vs Reward With Oji Holdings Corporation (TSE:3861)

When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 14x, you may consider Oji...
Analysis Article • Mar 02

Is Oji Holdings Corporation (TSE:3861) Worth JP¥620 Based On Its Intrinsic Value?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Oji Holdings fair value estimate is JP¥495 Oji Holdings...
Analysis Article • Feb 12

Oji Holdings Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Oji Holdings Corporation ( TSE:3861 ) came out with its third-quarter results last week, and we wanted to see how the...
Analysis Article • Feb 03

Oji Holdings (TSE:3861) May Have Issues Allocating Its Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article • Dec 18

Oji Holdings' (TSE:3861) Dividend Will Be ¥12.00

Oji Holdings Corporation ( TSE:3861 ) has announced that it will pay a dividend of ¥12.00 per share on the 5th of June...
Analysis Article • Nov 30

Oji Holdings (TSE:3861) Seems To Be Using A Lot Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Oct 18

Oji Holdings (TSE:3861) Will Want To Turn Around Its Return Trends

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Analysis Article • Sep 24

Oji Holdings (TSE:3861) Has Announced That It Will Be Increasing Its Dividend To ¥12.00

Oji Holdings Corporation ( TSE:3861 ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article • Sep 16

Calculating The Intrinsic Value Of Oji Holdings Corporation (TSE:3861)

Key Insights Oji Holdings' estimated fair value is JP¥705 based on 2 Stage Free Cash Flow to Equity With JP¥569 share...
Analysis Article • Aug 26

These 4 Measures Indicate That Oji Holdings (TSE:3861) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jul 19

Take Care Before Diving Into The Deep End On Oji Holdings Corporation (TSE:3861)

When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider Oji...
Analysis Article • Jun 29

Some Investors May Be Worried About Oji Holdings' (TSE:3861) Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • May 22

Oji Holdings' (TSE:3861) Soft Earnings Are Actually Better Than They Appear

Soft earnings didn't appear to concern Oji Holdings Corporation's ( TSE:3861 ) shareholders over the last week. We did...
Analysis Article • Apr 30

We Think Oji Holdings (TSE:3861) Is Taking Some Risk With Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Apr 12

Oji Holdings Corporation (TSE:3861) Doing What It Can To Lift Shares

Oji Holdings Corporation's ( TSE:3861 ) price-to-earnings (or "P/E") ratio of 11x might make it look like a buy right...
Analysis Article • Mar 26

Oji Holdings (TSE:3861) Will Pay A Dividend Of ¥8.00

Oji Holdings Corporation ( TSE:3861 ) has announced that it will pay a dividend of ¥8.00 per share on the 7th of June...
Analysis Article • Feb 27

Oji Holdings (TSE:3861) Is Due To Pay A Dividend Of ¥8.00

Oji Holdings Corporation ( TSE:3861 ) will pay a dividend of ¥8.00 on the 7th of June. This means the annual payment is...

Earnings and Revenue Growth Forecasts

TSE:3861 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20291,984,43366,50059,250N/A3
3/31/20281,956,70063,73347,933N/A6
3/31/20271,921,18050,10132,550N/A5
3/31/20261,861,70955,582N/AN/AN/A
12/31/20251,858,48426,763N/AN/AN/A
9/30/20251,841,36132,864-39,029102,961N/A
6/30/20251,868,60923,295N/AN/AN/A
3/31/20251,849,26446,171N/AN/AN/A
12/31/20241,787,60258,774N/AN/AN/A
9/30/20241,772,06243,398-10,67294,912N/A
6/30/20241,714,04850,932N/AN/AN/A
3/31/20241,696,26850,81287,878202,897N/A
12/31/20231,702,31559,709N/AN/AN/A
9/30/20231,716,23250,19755,442152,049N/A
6/30/20231,727,78150,797N/AN/AN/A
3/31/20231,706,64156,483-75,84718,262N/A
12/31/20221,681,27059,968N/AN/AN/A
9/30/20221,599,13479,854-33,00668,240N/A
6/30/20221,526,61790,184N/AN/AN/A
3/31/20221,470,16187,50944,928143,587N/A
12/31/20211,440,84490,134N/AN/AN/A
9/30/20211,415,09184,92837,742140,501N/A
6/30/20211,379,83768,099N/AN/AN/A
3/31/20211,358,98549,63532,433127,107N/A
12/31/20201,376,91936,945N/AN/AN/A
9/30/20201,399,82439,63153,300141,971N/A
6/30/20201,453,96648,324N/AN/AN/A
3/31/20201,507,60758,18132,037124,491N/A
12/31/20191,514,76160,517N/AN/AN/A
9/30/20191,549,33554,062N/A100,068N/A
6/30/20191,547,35446,683N/AN/AN/A
3/31/20191,550,99151,977N/A140,571N/A
12/31/20181,553,10445,323N/AN/AN/A
9/30/20181,529,39046,459N/A139,819N/A
6/30/20181,514,11647,994N/AN/AN/A
3/31/20181,485,89536,222N/A123,178N/A
12/31/20171,492,46344,802N/AN/AN/A
9/30/20171,465,28248,387N/A147,157N/A
6/30/20171,440,15938,694N/AN/AN/A
3/31/20171,439,85540,270N/A157,406N/A
12/31/20161,413,2399,711N/AN/AN/A
9/30/20161,407,3384,891N/A156,950N/A
6/30/20161,425,2123,630N/AN/AN/A
3/31/20161,433,59512,706N/A128,051N/A
12/31/20151,434,25126,718N/AN/AN/A
9/30/20151,429,19425,139N/A109,516N/A
6/30/20151,387,21128,585N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3861's forecast earnings growth (7.4% per year) is above the savings rate (0.8%).

Earnings vs Market: 3861's earnings (7.4% per year) are forecast to grow slower than the JP market (9% per year).

High Growth Earnings: 3861's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3861's revenue (2.2% per year) is forecast to grow slower than the JP market (5.9% per year).

High Growth Revenue: 3861's revenue (2.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 3861's Return on Equity is forecast to be low in 3 years time (6.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 16:36
End of Day Share Price 2026/06/04 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Oji Holdings Corporation is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kyoji ChibaBofA Global Research
Shigeki KousakaCitigroup Inc
Jeremie CapronCLSA