Kyodo Paper Holdings reports higher FY2026 net profit

9 articles · Updated · MarketWatch · May 8

For the year ended 31 March in Japan, net profit rose to Y37.00 million from Y28.00 million, while earnings per share increased to Y55.90 from Y41.45.
Revenue fell to Y16.45 billion from Y16.89 billion, and the group posted an operating loss of Y30.00 million versus a Y10.00 million loss a year earlier.
Pretax profit dropped to Y2.00 million from Y27.00 million. The figures were prepared under Japanese accounting standards.

With revenue falling and operational losses growing, what is the secret behind Kyodo Paper's surprising surge in net profit?

Is Japan's paper industry dying, or are companies pivoting to a profitable, sustainable future in packaging?