Okayama Paper Industries Income Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Revenue	11,221	11,522	11,511	10,870	10,084
Revenue Growth	-2.61%	0.10%	5.90%	7.80%	7.27%
Cost of Revenue	8,480	8,663	8,194	8,575	7,830
Gross Profit	2,741	2,859	3,317	2,295	2,254
Selling, General & Admin	1,771	1,798	1,604	1,652	1,539
Operating Expenses	1,800	1,827	1,635	1,681	1,566
Operating Income	941	1,032	1,682	614	688
Interest & Investment Income	136	105	81	71	59
Other Non Operating Income (Expenses)	15	9	15	7	8
EBT Excluding Unusual Items	1,092	1,146	1,778	692	755
Gain (Loss) on Sale of Investments	33	5	9	20	7
Gain (Loss) on Sale of Assets	6	-	-	-	88
Asset Writedown	-	-19	-66	-	-
Other Unusual Items	1	-	-63	-	-
Pretax Income	1,132	1,132	1,658	712	850
Income Tax Expense	311	334	501	218	259
Net Income	821	798	1,157	494	591
Net Income to Common	821	798	1,157	494	591
Net Income Growth	2.88%	-31.03%	134.21%	-16.41%	-4.06%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
Shares Change	0.16%	0.22%	-5.26%	-2.13%	0.25%
EPS (Basic)	176.84	172.17	250.16	101.19	118.48
EPS (Diluted)	176.84	172.17	250.16	101.19	118.48
EPS Growth	2.72%	-31.18%	147.21%	-14.59%	-4.30%

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Free Cash Flow	881	-2,015	1,658	267	602
Free Cash Flow Per Share	189.77	-434.73	358.48	54.69	120.69
Gross Margin	24.43%	24.81%	28.82%	21.11%	22.35%
Operating Margin	8.39%	8.96%	14.61%	5.65%	6.82%
Profit Margin	7.32%	6.93%	10.05%	4.54%	5.86%
Free Cash Flow Margin	7.85%	-17.49%	14.40%	2.46%	5.97%
EBITDA	1,253	1,311	1,994	913	1,024
EBITDA Margin	11.17%	11.38%	17.32%	8.40%	10.15%
D&A For EBITDA	312	279	312	299	336
EBIT	941	1,032	1,682	614	688
EBIT Margin	8.39%	8.96%	14.61%	5.65%	6.82%
Effective Tax Rate	27.47%	29.50%	30.22%	30.62%	30.47%