Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Atsuko Muraki was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 20
Oji Holdings Corporation to Report Q1, 2027 Results on Aug 05, 2026 Oji Holdings Corporation announced that they will report Q1, 2027 results on Aug 05, 2026 Duyuru • May 15
Oji Holdings Corporation, Annual General Meeting, Jun 26, 2026 Oji Holdings Corporation, Annual General Meeting, Jun 26, 2026. Duyuru • Apr 06
Oji Holdings Corporation to Report Q4, 2026 Results on May 15, 2026 Oji Holdings Corporation announced that they will report Q4, 2026 results on May 15, 2026 Duyuru • Feb 18
Corporate Support Research Institute Fund No.1 managed by Corporate Support Research Institute Co, Ltd completed the acquisition of Toin Corporation (TSE:7923) from a group of shareholders. Corporate Support Research Institute Fund No.1 managed by Corporate Support Research Institute Co, Ltd made an offer to acquire Toin Corporation (TSE:7923) from a group of shareholders for ¥6 billion on March 21, 2025. A cash consideration valued at ¥1187 per share will be paid by Corporate Support Research Institute Fund No.1 managed by Corporate Support Research Institute Co, Ltd. The transaction is expected to close on February 16, 2026. Nomura Securities Co., Ltd. acted as financial advisor and Mori Hamada & Matsumoto LPC acted as legal advisor to Corporate Support Research Institute Co, Ltd. Anderson Mori & Tomotsune acted as legal advisor and Daiwa Securities Co. Ltd. acted as financial advisor to Toin Corporation.
Corporate Support Research Institute Fund No.1 managed by Corporate Support Research Institute Co, Ltd completed the acquisition of Toin Corporation (TSE:7923) from a group of shareholders on February 16, 2026. As per the transaction, Corporate Support Research Institute Fund No.1 managed by Corporate Support Research Institute Co, Ltd acquired 92.13% stake in Toin Corporation and will acquired remaining shares via squeeze-out procedures. Duyuru • Dec 16
Oji Holdings Corporation (TSE:3861) announces an Equity Buyback for 82,000,000 shares, representing 9.03% for ¥50,000 million. Oji Holdings Corporation (TSE:3861) announces a share repurchase program. Under the program, the company will repurchase up to 82,000,000 shares, representing 9.03% of its issued share capital, for ¥50,000 million. The purpose of the program is shareholder returns and to improve capital efficiency. The program is valid till December 16, 2026. As of December 12, 2025, the company had 907,960,601 shares (excluding treasury stock) and 106,421,216 shares in treasury. Duyuru • Dec 03
Oji Holdings Corporation to Report Q3, 2026 Results on Feb 06, 2026 Oji Holdings Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Duyuru • Oct 30
Oji Holdings Corporation Revises Consolidated Earnings Guidance for the End of Second Quarter Ended September 30, 2025 Oji Holdings Corporation revised consolidated earnings guidance for the end of second quarter ended September 30, 2025. For the period, the company expects net sales to be JPY 915,000 million, operating income to be JPY 16,700 million, profit attributable to owners of parent to be JPY 10,900 million and profit JPY 11.83 per share against net sales to be JPY 930,000 million, operating income to be JPY 21,000 million, profit attributable to owners of parent to be JPY 15,000 million and profit 16.04 per share. Reasons for Revision: For the second quarter of the year ending March 2026, while domestic business generally performed in line with financial forecasts, overseas business saw a decrease in profits due to a decline in market conditions for pulp and other products. As a result, operating profit is expected to fall below the previous financial forecast. Furthermore, ordinary profit and profit attributable to owners of parent are also expected to fall below the previous financial forecast due to the decline in operating profit and other factors. The full-year consolidated financial forecast for the year ending March 2026 is currently under review. It is scheduled to be announced simultaneously with the financial results for the second quarter of the year ending March 2026, which are scheduled for release on November 7, 2025. Duyuru • Sep 10
Oji Holdings Corporation to Report Q2, 2026 Results on Nov 07, 2025 Oji Holdings Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Duyuru • Sep 06
Oji Holdings Corporation (TSE:3861) agreed to acquire AustroCel Hallein GmbH from TowerBrook Capital Partners L.P. Oji Holdings Corporation (TSE:3861) agreed to acquire AustroCel Hallein GmbH from TowerBrook Capital Partners L.P. on September 4, 2025.
The transaction is subject to approval by regulatory board / committee.
Michelle Tong, Christian Iwasko and Oliver Currall of Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor for TowerBrook Capital Partners L.P. Nomura Securities International, Inc. acted as financial advisor for TowerBrook Capital Partners L.P. Nishimura & Asahi acted as legal advisor for Oji Holdings Corporation. Barclays Securities Japan Limited acted as financial advisor for Oji Holdings Corporation. CMS Legal Services EEIG acted as legal advisor for TowerBrook Capital Partners L.P. Duyuru • Jun 29
Oji Holdings Corporation to Report Q1, 2026 Results on Aug 04, 2025 Oji Holdings Corporation announced that they will report Q1, 2026 results on Aug 04, 2025 Duyuru • Mar 12
Oji Holdings Corporation (TSE:3861) acquired an unknown minority stake in Chemfield Cellulose Private Limited. Oji Holdings Corporation (TSE:3861) acquired an unknown minority stake in Chemfield Cellulose Private Limited on March 10, 2025.
Oji Holdings Corporation (TSE:3861) completed the acquisition of an unknown minority stake in Chemfield Cellulose Private Limited on March 10, 2025. Duyuru • Mar 08
Oji Holdings Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Oji Holdings Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Duyuru • Feb 26
Oji Holdings Corporation Announces Board and Executive Changes Oji Holdings Corporation announced that a meeting of the Board of Directors, held on February 26, 2025, adopted a resolution for the following change of Representative Directors, based on a report of the Nomination Committee. Reason for Change: Due to a change in management structure. Name: Kazuhiko Kamada. New Position: Representative Director of the Board; Executive Vice President. Current Position: Director of the Board; Senior Executive Officer. Name: Fumio Shindo. New Position: Director of the Board. Current Position: Representative Director of the Board; Executive Vice President. Scheduled Appointment Date: April 1, 2025. Name: Kazuhiko Kamada. Date of Birth: February 7, 1960. Place of Birth: Tokyo, Japan. Final Academic Background: March 1983 Bachelor of Economics, Keio University. Brief Company History, Positions and Responsibilities: May 2013 -Joined the Company January 2015-Corporate Officer, the Company. June 2015- Director of the Board and Executive Officer, the Company. April 2022- Director of the Board and Senior Executive Officer, the Company. Duyuru • Dec 12
Oji Holdings Corporation (TSE:3861) announces an Equity Buyback for 100,000,000 shares, representing 10.14% for ¥50,000 million. Oji Holdings Corporation (TSE:3861) announces a share repurchase program. Under the program, the company will repurchase up to 100,000,000 shares, representing 10.14% of its issued share capital, for ¥50,000 million. The purpose of the program is shareholder returns and to improve capital efficiency. The program is valid till December 12, 2025. As of November 30, 2024 , the company had 986,405,576 shares (excluding treasury stock) and 27,976,241 shares in treasury. Duyuru • Dec 11
Oji Holdings Corporation to Report Q3, 2025 Results on Feb 10, 2025 Oji Holdings Corporation announced that they will report Q3, 2025 results on Feb 10, 2025 Buy Or Sell Opportunity • Nov 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to €3.26. The fair value is estimated to be €4.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 25%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥6.61 (vs JP¥14.17 in 2Q 2024) Second quarter 2025 results: EPS: JP¥6.61 (down from JP¥14.17 in 2Q 2024). Revenue: JP¥484.8b (up 14% from 2Q 2024). Net income: JP¥6.51b (down 54% from 2Q 2024). Profit margin: 1.3% (down from 3.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Nov 07
Oji Holdings Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2025 Oji Holdings Corporation revised consolidated Earnings Guidance for the Year Ending March 31, 2025. For the period, the company now expects net sales of JPY 1,877,000 million, operating profit of JPY 70,000 million, profit attributable to owners of parent JPY 57,000 million and basic earnings per share of JPY 57.89 against previous guidance of net sales of JPY 1,950.0 billion, operating profit of JPY 95.0 billion, profit attributable to owners of parent JPY 75.0 billion and basic earnings per share of JPY 76.17. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%). Duyuru • Sep 20
Oji Holdings Corporation to Report Q2, 2025 Results on Nov 07, 2024 Oji Holdings Corporation announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: JP¥18.00 (vs JP¥17.76 in 1Q 2024) First quarter 2025 results: EPS: JP¥18.00 (up from JP¥17.76 in 1Q 2024). Revenue: JP¥438.1b (up 4.2% from 1Q 2024). Net income: JP¥17.7b (flat on 1Q 2024). Profit margin: 4.0% (down from 4.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 11
Final dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 348%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 06
Oji Holdings Corporation to Report Q1, 2025 Results on Aug 02, 2024 Oji Holdings Corporation announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥51.31 (vs JP¥57.00 in FY 2023) Full year 2024 results: EPS: JP¥51.31 (down from JP¥57.00 in FY 2023). Revenue: JP¥1.70t (flat on FY 2023). Net income: JP¥50.8b (down 10.0% from FY 2023). Profit margin: 3.0% (down from 3.3% in FY 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Duyuru • May 16
Oji Holdings Corporation, Annual General Meeting, Jun 27, 2024 Oji Holdings Corporation, Annual General Meeting, Jun 27, 2024. Duyuru • Apr 17
Oji Holdings Corporation (TSE:3861) completed the acquisition of Walki Group Oy from OEP Capital Advisors, L.P. Oji Holdings Corporation (TSE:3861) entered into a definitive agreement to acquire Walki Group Oy from OEP Capital Advisors, L.P. on October 23, 2023.Oji Holdings Corporation (TSE:3861) completed the acquisition of Walki Group Oy from OEP Capital Advisors, L.P. on April 16, 2023. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.5%). Duyuru • Mar 10
Oji Holdings Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Oji Holdings Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Duyuru • Feb 26
Oji Holdings Corporation (TSE:3861) announces an Equity Buyback for 11,000,000 shares, representing 1.11% for ¥7,400 million. Oji Holdings Corporation (TSE:3861) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 1.11% of its issued share capital, for ¥ 7,400 million. The repurchase price will be ¥ 551.6 per share. The purpose of the program is shareholder returns and to improve capital efficiency. As of December 31, 2023, the company had 991,268,562 shares (excluding treasury stock) and 23,113,255 shares in treasury. Reported Earnings • Feb 06
Third quarter 2024 earnings released: EPS: JP¥10.78 (vs JP¥1.19 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.78 (up from JP¥1.19 in 3Q 2023). Revenue: JP¥445.3b (down 3.0% from 3Q 2023). Net income: JP¥10.7b (up JP¥9.51b from 3Q 2023). Profit margin: 2.4% (up from 0.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Duyuru • Dec 06
Oji Holdings Corporation to Report Q3, 2024 Results on Feb 05, 2024 Oji Holdings Corporation announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥14.17 (vs JP¥14.78 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.17 (down from JP¥14.78 in 2Q 2023). Revenue: JP¥426.8b (down 2.6% from 2Q 2023). Net income: JP¥14.0b (down 4.1% from 2Q 2023). Profit margin: 3.3% (in line with 2Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Oct 25
Oji Holdings Corporation entered into a definitive agreement to acquire Walki Holding Oy from OEP Capital Advisors, L.P. Oji Holdings Corporation entered into a definitive agreement to acquire Walki Holding Oy from OEP Capital Advisors, L.P. on October 24, 2023. Duyuru • Oct 24
Oji Holdings Corporation (TSE:3861) entered into a definitive agreement to acquire Walki Group Oy from OEP Capital Advisors, L.P. Oji Holdings Corporation (TSE:3861) entered into a definitive agreement to acquire Walki Group Oy from OEP Capital Advisors, L.P. on October 23, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%). Duyuru • Sep 07
Oji Holdings Corporation to Report Q2, 2024 Results on Nov 07, 2023 Oji Holdings Corporation announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥17.76 (vs JP¥23.51 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.76 (down from JP¥23.51 in 1Q 2023). Revenue: JP¥420.3b (up 5.3% from 1Q 2023). Net income: JP¥17.6b (down 24% from 1Q 2023). Profit margin: 4.2% (down from 5.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Jun 09
Oji Holdings Corporation to Report Q1, 2024 Results on Aug 07, 2023 Oji Holdings Corporation announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥57.00 (vs JP¥88.35 in FY 2022) Full year 2023 results: EPS: JP¥57.00 (down from JP¥88.35 in FY 2022). Revenue: JP¥1.71t (up 16% from FY 2022). Net income: JP¥56.5b (down 36% from FY 2022). Profit margin: 3.3% (down from 6.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.4%). Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: JP¥1.19 (vs JP¥21.26 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.19 (down from JP¥21.26 in 3Q 2022). Revenue: JP¥459.2b (up 22% from 3Q 2022). Net income: JP¥1.18b (down 94% from 3Q 2022). Profit margin: 0.3% (down from 5.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Dec 08
Oji Holdings Corporation to Report Q3, 2023 Results on Feb 03, 2023 Oji Holdings Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
Less than half of directors are independent There are 7 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: 4 independent directors. 8 non-independent directors. Independent Outside Director Hiromichi Ogawa was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥14.78 (vs JP¥25.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥14.78 (down from JP¥25.21 in 2Q 2022). Revenue: JP¥438.3b (up 20% from 2Q 2022). Net income: JP¥14.6b (down 41% from 2Q 2022). Profit margin: 3.3% (down from 6.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.1%). Duyuru • Sep 07
Oji Holdings Corporation to Report Q2, 2023 Results on Nov 08, 2022 Oji Holdings Corporation announced that they will report Q2, 2023 results on Nov 08, 2022 Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥23.51 (vs JP¥20.81 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.51 (up from JP¥20.81 in 1Q 2022). Revenue: JP¥399.2b (up 17% from 1Q 2022). Net income: JP¥23.3b (up 13% from 1Q 2022). Profit margin: 5.8% (down from 6.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.6%, compared to a 5.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 29
Oji Holdings Corporation Announces Change in Special Committee Oji Holdings Corporation announced change in special committee. the company appoints Hiromichi Ogawa as Outside Director on June 29, 2022 and Toshihisa Takata resigned form committee as Outside Director. Hiromichi Ogawa Date of birth is November 18, 1958. April 1981; Joined Mitsubishi Corporation. June 1998; Director, Nichiryo Baking Co., LTD. April 2004; Senior Vice President, Lawson Inc. September 2004 Executive Managing Officer, Lawson Inc. November 2005 Unit Manager of Lawson Business, Mitsubishi Corporation. April 2006; Unit Manager of Retail Business, Mitsubishi Corporation. April 2014; Senior Vice President and General Manager of Life Industry Group CEO Office, Mitsubishi Corporation. April 2017; Advisor, Itoham Yonekyu Holdings Inc. June 2017; Director Chairman of the Board, Itoham Yonekyu Holdings Inc. June 2022; Outside Director, Oji Holdings (to the present). Term of Office is Until the conclusion of the Ordinary General Meeting of Shareholders to be held in June 2023. Members of the Special Committee are Michihiro Nara, Toshihisa Takata and oriko Sekiguchi. Duyuru • Jun 10
Oji Holdings Corporation to Report Q1, 2023 Results on Aug 02, 2022 Oji Holdings Corporation announced that they will report Q1, 2023 results on Aug 02, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥88.35 (vs JP¥50.13 in FY 2021) Full year 2022 results: EPS: JP¥88.35 (up from JP¥50.13 in FY 2021). Revenue: JP¥1.47t (up 8.2% from FY 2021). Net income: JP¥87.5b (up 76% from FY 2021). Profit margin: 6.0% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.2%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 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: 4 independent directors. 8 non-independent directors. Independent Outside Director Seiko Nagai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Duyuru • Apr 07
Oji Holdings Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Oji Holdings Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 06
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥21.26 (up from JP¥16.01 in 3Q 2021). Revenue: JP¥377.1b (up 7.3% from 3Q 2021). Net income: JP¥21.1b (up 33% from 3Q 2021). Profit margin: 5.6% (up from 4.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.6%, compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS JP¥25.21 (vs JP¥8.22 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥365.8b (up 11% from 2Q 2021). Net income: JP¥25.0b (up 207% from 2Q 2021). Profit margin: 6.8% (up from 2.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥20.81 (vs JP¥2.17 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥342.7b (up 6.5% from 1Q 2021). Net income: JP¥20.6b (up JP¥18.5b from 1Q 2021). Profit margin: 6.0% (up from 0.7% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥50.13 (vs JP¥58.78 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥1.36t (down 9.9% from FY 2020). Net income: JP¥49.6b (down 15% from FY 2020). Profit margin: 3.7% (down from 3.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Duyuru • Apr 20
Oji Holdings Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2021 Oji Holdings Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2021. For the year, the company expects net sales of JPY 1,350,000 million against previous forecast of JPY 1,350,000 million. Operating profit of JPY 84,000 million against previous forecast of JPY 70,000 million. Profit attributable to owners of parent of JPY 48,000 million against previous forecast of JPY 35,000 million. Profit per share of JPY 48.47 against previous forecast of JPY 35.35. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 11 June 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.7%). Is New 90 Day High Low • Feb 18
New 90-day high: €5.75 The company is up 45% from its price of €3.96 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.12 per share. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥16.01 (vs JP¥18.73 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥351.3b (down 6.1% from 3Q 2020). Net income: JP¥15.9b (down 14% from 3Q 2020). Profit margin: 4.5% (down from 5.0% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 1.5% while theForestry industry in Germany is not expected to grow. Is New 90 Day High Low • Jan 16
New 90-day high: €5.25 The company is up 43% from its price of €3.68 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.00 per share. Is New 90 Day High Low • Dec 30
New 90-day high: €4.82 The company is up 27% from its price of €3.80 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.88 per share. Is New 90 Day High Low • Dec 09
New 90-day high: €4.32 The company is up 11% from its price of €3.88 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.19 per share. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 16% share price gain to JP¥4.32, the stock is trading at a trailing P/E ratio of 13.3x, up from the previous P/E ratio of 11.5x. This compares to an average P/E of 13x in the Forestry industry in Europe. Total return to shareholders over the past three years is a loss of 9.9%. Is New 90 Day High Low • Nov 19
New 90-day high: €4.14 The company is up 15% from its price of €3.60 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.51 per share. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to stay flat compared to a 1.5% decline forecast for the Forestry industry in Germany. 