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Oji Holdings (3861) investor relations material
Oji Holdings Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating profit for the first half of FY2025 declined to ¥16.7 billion, down 55.0% year-over-year, mainly due to a downturn in the overseas pulp market, increased costs, and foreign exchange losses.
Net sales for the first half of FY2025 were ¥915.0 billion, down 0.9% year-over-year.
Extraordinary gains from the sale of investment securities were recorded, offset by business restructuring expenses at Oji Fibre Solutions and Oji Nepia.
The group is executing its Medium-Term Business Plan 2027, focusing on capital efficiency, portfolio transformation, and sustainability, including restructuring low-profit businesses and investing in growth areas like sustainable packaging and forest biomass.
Major restructuring included plant closures in Japan, withdrawal from certain overseas businesses, and the acquisition of AustroCel Hallein to strengthen the forest biomass segment.
Financial highlights
Operating profit dropped to ¥16.7 billion from ¥37.2 billion, and profit attributable to owners of parent fell to ¥10.9 billion from ¥24.3 billion.
Ordinary profit decreased sharply to ¥8.8 billion from ¥39.4 billion.
Profit per share for the first half was ¥11.85, compared to ¥24.67 in the prior year.
Comprehensive income turned negative at ¥(41.8) billion, compared to ¥107.3 billion in the previous year, mainly due to foreign currency translation losses.
Total assets decreased to ¥2,574.1 billion, and net assets fell to ¥1,065.4 billion as of September 30, 2025.
Outlook and guidance
FY2025 full-year net sales are forecast at ¥1,850.0 billion, with operating profit expected at ¥45.0 billion, down 40% from the previous forecast.
Profit attributable to owners of parent is forecast to rise to ¥50.0 billion, up ¥3.8 billion year-over-year.
ROE is projected at 4.7%, up 0.4pt from FY2024.
Revised forecast lowered operating profit by ¥30.0 billion and net sales by ¥50.0 billion compared to the previous plan.
Assumed exchange rates for the second half: JPY/USD 150.00, with sensitivity analysis provided.
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