Declared Dividend • Jul 25
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (dividend approximately 57x free cash flows). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jul 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 104% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 304% Dividend per share is over 57x cash flows per share. Minor Risk Large one-off items impacting financial results. Duyuru • Jun 03
Chuetsu Pulp & Paper Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥194 (vs JP¥137 in FY 2025) Full year 2026 results: EPS: JP¥194 (up from JP¥137 in FY 2025). Revenue: JP¥110.4b (flat on FY 2025). Net income: JP¥2.44b (up 39% from FY 2025). Profit margin: 2.2% (up from 1.6% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Duyuru • May 14
Chuetsu Pulp & Paper Co., Ltd., Annual General Meeting, Jun 26, 2026 Chuetsu Pulp & Paper Co., Ltd., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥10.58 (vs JP¥40.23 in 3Q 2025) Third quarter 2026 results: EPS: JP¥10.58 (down from JP¥40.23 in 3Q 2025). Revenue: JP¥28.0b (up 1.6% from 3Q 2025). Net income: JP¥133.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Declared Dividend • Dec 02
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile 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. Duyuru • Nov 29
Chuetsu Pulp & Paper Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,047, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 8x in the Forestry industry in Japan. Total returns to shareholders of 149% over the past three years. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥82.97 (vs JP¥118 in 2Q 2025) Second quarter 2026 results: EPS: JP¥82.97 (down from JP¥118 in 2Q 2025). Revenue: JP¥26.3b (down 9.7% from 2Q 2025). Net income: JP¥1.04b (down 32% from 2Q 2025). Profit margin: 4.0% (down from 5.2% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.3%). Duyuru • Sep 03
Chuetsu Pulp & Paper Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥4.78 loss per share (vs JP¥39.77 profit in 1Q 2025) First quarter 2026 results: JP¥4.78 loss per share (down from JP¥39.77 profit in 1Q 2025). Revenue: JP¥26.7b (up 1.2% from 1Q 2025). Net loss: JP¥60.0m (down 112% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend increased to JP¥40.00 Dividend of JP¥40.00 is 14% higher than last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥137 (vs JP¥286 in FY 2024) Full year 2025 results: EPS: JP¥137 (down from JP¥286 in FY 2024). Revenue: JP¥111.0b (up 3.0% from FY 2024). Net income: JP¥1.76b (down 52% from FY 2024). Profit margin: 1.6% (down from 3.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. Duyuru • Jun 14
Chuetsu Pulp & Paper Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥137 (vs JP¥286 in FY 2024) Full year 2025 results: EPS: JP¥137 (down from JP¥286 in FY 2024). Revenue: JP¥111.0b (up 3.0% from FY 2024). Net income: JP¥1.76b (down 52% from FY 2024). Profit margin: 1.6% (down from 3.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Duyuru • May 15
Chuetsu Pulp & Paper Co., Ltd., Annual General Meeting, Jun 25, 2025 Chuetsu Pulp & Paper Co., Ltd., Annual General Meeting, Jun 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.7%). Duyuru • Mar 04
Chuetsu Pulp & Paper Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Chuetsu Pulp & Paper Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥40.23 (vs JP¥47.03 in 3Q 2024) Third quarter 2025 results: EPS: JP¥40.23 (down from JP¥47.03 in 3Q 2024). Revenue: JP¥27.6b (flat on 3Q 2024). Net income: JP¥521.0m (down 14% from 3Q 2024). Profit margin: 1.9% (down from 2.2% in 3Q 2024). 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 12% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 29
Chuetsu Pulp & Paper Co., Ltd. (TSE:3877) announces an Equity Buyback for 440,000 shares, representing 3.4% for ¥664.4 million. Chuetsu Pulp & Paper Co., Ltd. (TSE:3877) announces a share repurchase program. Under the program, the company will repurchase up to 440,000 shares, representing 3.40% of its issued share capital (excluding treasury stock), for ¥664.40 million. The shares will be repurchased at a price of ¥1,510 per share. The purpose of the program is improving capital efficiency and enhancing shareholder returns, to enable flexible execution of capital policy in response to changes in the business environment. The program will run until January 30, 2025. As of December 31, 2024, the company had 12,949,193 shares in issue (excluding treasury stock) and 405,495 shares in treasury. Declared Dividend • Dec 03
First half dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Nov 30
Chuetsu Pulp & Paper Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥118 (vs JP¥118 in 2Q 2024) Second quarter 2025 results: EPS: JP¥118 (up from JP¥118 in 2Q 2024). Revenue: JP¥29.2b (up 11% from 2Q 2024). Net income: JP¥1.53b (flat on 2Q 2024). Profit margin: 5.2% (down from 5.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,417, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 9x in the Forestry industry in Japan. Total returns to shareholders of 43% over the past three years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Duyuru • Aug 30
Chuetsu Pulp & Paper Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥39.77 (vs JP¥80.31 in 1Q 2024) First quarter 2025 results: EPS: JP¥39.77 (down from JP¥80.31 in 1Q 2024). Revenue: JP¥26.4b (flat on 1Q 2024). Net income: JP¥515.0m (down 51% from 1Q 2024). Profit margin: 2.0% (down from 4.0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 2% 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 17% After last week's 17% share price decline to JP¥1,236, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 9x in the Forestry industry in Japan. Total returns to shareholders of 11% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 02
Chuetsu Pulp & Paper Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥286 (vs JP¥229 in FY 2023) Full year 2024 results: EPS: JP¥286 (up from JP¥229 in FY 2023). Revenue: JP¥107.8b (up 2.0% from FY 2023). Net income: JP¥3.70b (up 21% from FY 2023). Profit margin: 3.4% (up from 2.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • May 16
Chuetsu Pulp & Paper Co., Ltd., Annual General Meeting, Jun 26, 2024 Chuetsu Pulp & Paper Co., Ltd., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Duyuru • Mar 02
Chuetsu Pulp & Paper Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Chuetsu Pulp & Paper Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥47.03 (vs JP¥58.65 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥47.03 (up from JP¥58.65 loss in 3Q 2023). Revenue: JP¥27.4b (flat on 3Q 2023). Net income: JP¥609.0m (up JP¥1.39b from 3Q 2023). Profit margin: 2.2% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Jan 18
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 Japanese stocks, typically moving 5.6% 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 (17% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 35x cash flows per share). Share price has been volatile over the past 3 months (5.6% average weekly change). Duyuru • Nov 26
Chuetsu Pulp & Paper Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥118 (vs JP¥26.22 in 2Q 2023) Second quarter 2024 results: EPS: JP¥118 (up from JP¥26.22 in 2Q 2023). Revenue: JP¥26.3b (up 4.9% from 2Q 2023). Net income: JP¥1.53b (up 337% from 2Q 2023). Profit margin: 5.8% (up from 1.4% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%). Duyuru • Aug 27
Chuetsu Pulp & Paper Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 06
First quarter 2024 earnings released: EPS: JP¥80.31 (vs JP¥107 in 1Q 2023) First quarter 2024 results: EPS: JP¥80.31 (down from JP¥107 in 1Q 2023). Revenue: JP¥26.2b (up 8.1% from 1Q 2023). Net income: JP¥1.04b (down 27% from 1Q 2023). Profit margin: 4.0% (down from 5.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥229 (vs JP¥94.98 in FY 2022) Full year 2023 results: EPS: JP¥229 (up from JP¥94.98 in FY 2022). Revenue: JP¥105.7b (up 17% from FY 2022). Net income: JP¥3.05b (up 141% from FY 2022). Profit margin: 2.9% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,241, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 9x in the Forestry industry in Japan. Total loss to shareholders of 2.2% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥58.65 loss per share (vs JP¥29.06 profit in 3Q 2022) Third quarter 2023 results: JP¥58.65 loss per share (down from JP¥29.06 profit in 3Q 2022). Revenue: JP¥27.7b (up 22% from 3Q 2022). Net loss: JP¥783.0m (down 302% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Nov 27
Chuetsu Pulp & Paper Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Managing Executive Officer, GM of Production Division & Director Yoshitaka Yokai was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥26.22 (vs JP¥6.74 in 2Q 2022) Second quarter 2023 results: EPS: JP¥26.22 (up from JP¥6.74 in 2Q 2022). Revenue: JP¥25.1b (up 20% from 2Q 2022). Net income: JP¥350.0m (up 289% from 2Q 2022). Profit margin: 1.4% (up from 0.4% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Duyuru • Sep 11
Chuetsu Pulp & Paper Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥107 (vs JP¥53.33 in 1Q 2022) First quarter 2023 results: EPS: JP¥107 (up from JP¥53.33 in 1Q 2022). Revenue: JP¥24.2b (up 8.4% from 1Q 2022). Net income: JP¥1.43b (up 101% from 1Q 2022). Profit margin: 5.9% (up from 3.2% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • Jun 29
Chuetsu Pulp & Paper Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Chuetsu Pulp & Paper Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥94.98 (vs JP¥78.80 loss in FY 2021) Full year 2022 results: EPS: JP¥94.98 (up from JP¥78.80 loss in FY 2021). Revenue: JP¥90.1b (up 10.0% from FY 2021). Net income: JP¥1.27b (up JP¥2.32b from FY 2021). Profit margin: 1.4% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • May 15
Chuetsu Pulp & Paper Co., Ltd., Annual General Meeting, Jun 24, 2022 Chuetsu Pulp & Paper Co., Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. GM of Production Division & Director Yoshitaka Yokai was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 07
Chuetsu Pulp & Paper Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Chuetsu Pulp & Paper Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥29.06 (up from JP¥18.88 loss in 3Q 2021). Revenue: JP¥22.6b (up 7.0% from 3Q 2021). Net income: JP¥388.0m (up JP¥640.0m from 3Q 2021). Profit margin: 1.7% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥6.74 (vs JP¥87.33 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¥20.9b (up 11% from 2Q 2021). Net income: JP¥90.0m (up JP¥1.26b from 2Q 2021). Profit margin: 0.4% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 30
Full year 2021 earnings released: JP¥78.80 loss per share (vs JP¥68.83 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¥81.9b (down 14% from FY 2020). Net loss: JP¥1.05b (down 215% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 15
New 90-day high: JP¥1,347 The company is up 2.0% from a price of JP¥1,319 on 15 December 2020. Underperformed the Japanese market, which is up 9.0% over the last 90 days. Lagged the Forestry industry, which is up 21% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: JP¥18.88 loss per share (vs JP¥2.32 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥21.1b (down 13% from 3Q 2020). Net loss: JP¥252.0m (down JP¥283.0m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 22
New 90-day low: JP¥1,193 The company is down 5.0% from its price of JP¥1,255 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: JP¥1,217 The company is down 20% from its price of JP¥1,517 on 25 September 2020. The Japanese market is up 8.0% 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.