Nippon Paper Industries Co., Ltd.

TSE:3863 Stock Report

Market Cap: JP¥154.4b

Nippon Paper Industries Future Growth

Future criteria checks 2/6

Nippon Paper Industries is forecast to grow earnings and revenue by 14.6% and 1.3% per annum respectively. EPS is expected to grow by 14.7% per annum. Return on equity is forecast to be 3.3% in 3 years.

Key information

14.6%

Earnings growth rate

14.66%

EPS growth rate

Forestry earnings growth22.6%
Revenue growth rate1.3%
Future return on equity3.31%
Analyst coverage

Low

Last updated26 Jun 2026

Recent future growth updates

Analysis Article • Nov 08

Analyst Estimates: Here's What Brokers Think Of Nippon Paper Industries Co., Ltd. (TSE:3863) After Its Half-Yearly Report

Last week, you might have seen that Nippon Paper Industries Co., Ltd. ( TSE:3863 ) released its interim result to the...
Analysis Article • Aug 09

Earnings Update: Nippon Paper Industries Co., Ltd. (TSE:3863) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

The first-quarter results for Nippon Paper Industries Co., Ltd. ( TSE:3863 ) were released last week, making it a good...

Recent updates

Analysis Article • Nov 08

Analyst Estimates: Here's What Brokers Think Of Nippon Paper Industries Co., Ltd. (TSE:3863) After Its Half-Yearly Report

Last week, you might have seen that Nippon Paper Industries Co., Ltd. ( TSE:3863 ) released its interim result to the...
Analysis Article • Nov 04

Nippon Paper Industries Co., Ltd.'s (TSE:3863) P/E Is On The Mark

When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider Nippon...
Analysis Article • Aug 09

Earnings Update: Nippon Paper Industries Co., Ltd. (TSE:3863) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

The first-quarter results for Nippon Paper Industries Co., Ltd. ( TSE:3863 ) were released last week, making it a good...
Analysis Article • May 28

Nippon Paper Industries' (TSE:3863) Soft Earnings Don't Show The Whole Picture

The market for Nippon Paper Industries Co., Ltd.'s ( TSE:3863 ) shares didn't move much after it posted weak earnings...
Analysis Article • Nov 26

We Think You Should Be Aware Of Some Concerning Factors In Nippon Paper Industries' (TSE:3863) Earnings

Nippon Paper Industries Co., Ltd.'s ( TSE:3863 ) robust recent earnings didn't do much to move the stock. We believe...
Analysis Article • Aug 07

Nippon Paper Industries (TSE:3863) Could Be Struggling To Allocate Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Analysis Article • May 22

Nippon Paper Industries' (TSE:3863) Earnings Are Weaker Than They Seem

Investors were disappointed with Nippon Paper Industries Co., Ltd.'s ( TSE:3863 ) earnings, despite the strong profit...
Analysis Article • Apr 03

Is There An Opportunity With Nippon Paper Industries Co., Ltd.'s (TSE:3863) 35% Undervaluation?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Nippon Paper Industries fair value estimate is JP¥1,791...

Earnings and Revenue Growth Forecasts

TSE:3863 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20291,241,78017,80026,46486,6915
3/31/20281,236,68016,20015,14481,3555
3/31/20271,222,32011,050-16,10073,8735
3/31/20261,192,60611,74320,69974,986N/A
12/31/20251,185,68012,234N/AN/AN/A
9/30/20251,187,10917,64614,00062,015N/A
6/30/20251,184,77011,093N/AN/AN/A
3/31/20251,182,4314,53921,71872,790N/A
12/31/20241,179,07131,101N/AN/AN/A
9/30/20241,167,91119,76415,62680,169N/A
6/30/20241,166,90426,925N/AN/AN/A
3/31/20241,167,31422,74728,61990,283N/A
12/31/20231,177,761-33,003N/AN/AN/A
9/30/20231,185,669-37,7003,25677,175N/A
6/30/20231,175,296-47,476N/AN/AN/A
3/31/20231,152,645-50,406-23,53465,823N/A
12/31/20221,120,510-26,097N/AN/AN/A
9/30/20221,087,602-22,282-23,23849,734N/A
6/30/20221,059,399-8,078N/AN/AN/A
3/31/20221,045,0861,99012,69572,378N/A
12/31/20211,042,4483,247N/AN/AN/A
9/30/20211,048,33813,44035,74690,419N/A
6/30/20211,033,9788,858N/AN/AN/A
3/31/20211,007,3393,19622,72284,197N/A
12/31/2020998,5366,156N/AN/AN/A
9/30/2020986,439-3,4818,03178,516N/A
6/30/20201,006,7656,241N/AN/AN/A
3/31/20201,043,91214,212-64067,036N/A
12/31/20191,051,20814,095N/AN/AN/A
9/30/20191,068,064-19,547N/A44,123N/A
6/30/20191,068,807-24,530N/AN/AN/A
3/31/20191,068,703-35,220N/A59,760N/A
12/31/20181,065,635-38,762N/AN/AN/A
9/30/20181,058,132-3,286N/A62,481N/A
6/30/20181,051,724-4,248N/AN/AN/A
3/31/20181,046,4997,847N/A44,944N/A
12/31/20171,048,29522,372N/AN/AN/A
9/30/20171,031,24117,375N/A64,794N/A
6/30/20171,012,81210,989N/AN/AN/A
3/31/2017992,4288,399N/A87,087N/A
12/31/2016976,886-18,074N/AN/AN/A
9/30/2016982,401-15,731N/A75,167N/A
6/30/2016990,451-7,214N/AN/AN/A
3/31/20161,007,0972,424N/A52,419N/A
12/31/20151,021,8309,898N/AN/AN/A
9/30/20151,036,27316,313N/A71,370N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3863's forecast earnings growth (14.6% per year) is above the savings rate (0.8%).

Earnings vs Market: 3863's earnings (14.6% per year) are forecast to grow faster than the JP market (10.1% per year).

High Growth Earnings: 3863's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3863's revenue (1.3% per year) is forecast to grow slower than the JP market (6.4% per year).

High Growth Revenue: 3863's revenue (1.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 3863's Return on Equity is forecast to be low in 3 years time (3.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 18:56
End of Day Share Price 2026/07/07 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

Nippon Paper Industries Co., Ltd. is covered by 10 analysts. 5 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
Ryohei MasumotoCitigroup Inc
Noritsugu HirakawaDaiwa Securities Co. Ltd.