Daio Paper Corporation

3880 大王製紙株式会社

Pulp & Paper · Prime · TSE: Disclosed

PRICE: ¥930 · MKT CAP: ¥155.9B · P/E: — · P/B: 0.65x · DIV YIELD: 1.5%

PRICE — 5Y

Characteristics & Business Summary

Daio Paper Corporation engages in paper and paperboard business Japan, East Asia, Southeast Asia, Brazil, and internationally. It operates through Paper and Paperboard Home and Personal Care, and Others segments. The company offers newsprint, publication...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	562,928	612,314	646,213	671,688	668,912
Operating Profit	36,873	37,569	-21,441	14,367	9,807
Ordinary Profit	34,478	37,696	-24,050	9,622	4,530
Net Profit	22,115	23,721	-34,705	4,507	-11,197
EPS	¥132	¥142	¥-207	¥27	¥-67
DPS	¥17	¥22	¥16	¥16	¥14

Balance Sheet & Valuation Highlights

Total Assets ¥886B

Net Assets (Equity) ¥250B

Equity Ratio 26.7%

ROE (Return on Equity) -5.4%

Cash & Equivalents ¥113B

Interest-Bearing Debt ¥415B

Capital Expenditure (CapEx) ¥32B

Depreciation & Amort. ¥45B

Major Shareholders

1. Hokuetsu Corporation 24.8%
2. Japan Master Trust Bank 7.1%
3. 大王海運株式会社 6.7%
4. 株式会社伊予銀行 4.2%
5. The Ehime Bank, Ltd. 4.1%
6. Japan Custody Bank 3.6%
7. 愛媛製紙株式会社 3.2%
8. カミ商事株式会社 2.8%
9. 兵庫製紙株式会社 1.9%
10. 兵庫パルプ工業株式会社 1.6%

Activist Activity

Hokuetsu Corporation 18.1%

2026-03-26 · change

Hokuetsu Corporation 24.61%

2024-07-04 · change

DAIO KAIUN CO.,LTD. 5.21%

2023-12-25 · correction

DAIO KAIUN CO.,LTD. 5.21%

2023-12-14 · change

DAIO KAIUN CO., LTD. 5.62%

2023-12-14 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥3,358	¥3,653	¥3,855	¥4,007	¥3,990
FCF/Share	¥60	¥45	¥-435	¥174	¥73
EPS	¥132	¥142	¥-207	¥27	¥-67
DPS	¥17	¥22	¥16	¥16	¥14
Capital Spending per share	¥323	¥381	¥278	¥180	¥193
Book Value per share	¥1,445	¥1,559	¥1,330	¥1,336	¥1,236
Common Shares Outstanding	168M	168M	168M	168M	168M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥563B	¥612B	¥646B	¥672B	¥669B
Operating Margin (%)	6.6%	6.1%	-3.3%	2.1%	1.5%
Net Profit (owners)	¥22B	¥24B	¥-35B	¥5B	¥-11B
Net Profit Margin (%)	3.9%	3.9%	-5.4%	0.7%	-1.7%
Working Capital	¥-275B	¥-282B	¥-324B	¥-303B	¥-275B
Total Debt (Interest-bearing)	¥408B	¥364B	¥462B	¥450B	¥415B
Net Worth (Common Equity)	¥242B	¥261B	¥223B	¥224B	¥207B
Return on Total Assets (ROA)	2.6%	2.8%	-3.8%	0.5%	-1.3%
Return on Common Equity (ROE)	9.1%	9.1%	-15.6%	2.0%	-5.4%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.