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Process Industries

Daio Paper Corp.

Business Summary

Daio Paper Corp. engages in the manufacture and sale of paper, paper products, and daily general goods. It operates through the following segments: Paper and Paperboard, Home and Personal Care, and Other. The Paper and Paperboard segment deals with the production and sale of newspapers, printing papers, wrapping papers, paperboards, corrugated cardboards, and pulps. The Home and Personal Care segment offers sanitary papers, disposable diapers, feminine care products, and wet wipes. The Other segment includes timber, forestry, machinery, logistics, power sales, golf course, and real estate leasing businesses. The company was founded by Isekichi Ikawa in 1928 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue612,314M5,448.95M
Gross Profit161,674M1,438.73M
Operating income37,569M334.32M
Income before tax36,588M325.59M
Net income23,721M211.09M
EBITDA79,829M710.39M
Diluted EPS142.901.27
Dividends Per Share220.19
Total Assets840,441M6,924.33M
Total liabilities573,732M4,726.93M
Total equity259,090M2,134.62M
Operating cash flow71,395M635.34M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 531,311M 533,890M 546,433M 562,928M 612,314M
Gross Profit 121,374M 116,377M 140,306M 159,581M 161,674M
Operating income 11,062M 12,122M 30,629M 36,875M 37,569M
Income before tax 11,124M 6,970M 31,251M 32,717M 36,588M
Net income 3,971M 4,697M 19,199M 22,114M 23,721M
EBITDA 46,259M 49,036M 66,031M 75,394M 79,829M
Diluted EPS 23.71 28.08 115.17 133.24 142.90
Dividends Per Share 10.50 10.50 13.50 17 22
Total Assets 686,141M 745,866M 763,060M 849,801M 840,441M
Total liabilities 493,076M 546,527M 553,524M 603,008M 573,732M
Total equity 178,030M 185,602M 199,133M 239,232M 259,090M
Operating cash flow 28,285M 40,287M 68,013M 64,210M 71,395M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 4,793.82M 4,814.38M 5,025.79M 5,307.76M 5,448.95M
Gross Profit 1,095.11M 1,049.43M 1,290.45M 1,504.66M 1,438.73M
Operating income 99.80M 109.31M 281.70M 347.68M 334.32M
Income before tax 100.36M 62.85M 287.42M 308.48M 325.59M
Net income 35.82M 42.35M 176.58M 208.50M 211.09M
EBITDA 417.37M 442.18M 607.31M 710.87M 710.39M
Diluted EPS 0.21 0.25 1.05 1.25 1.27
Dividends Per Share 0.09 0.09 0.12 0.16 0.19
Total Assets 6,451.72M 6,738.63M 7,068.31M 7,690.50M 6,924.33M
Total liabilities 4,636.35M 4,937.67M 5,127.35M 5,457.08M 4,726.93M
Total equity 1,674.00M 1,676.84M 1,844.59M 2,164.99M 2,134.62M
Operating cash flow 255.20M 363.29M 625.54M 605.42M 635.34M

Valuation Measures

Mar 2022
PER11.07
ROA2.80%
ROE9.52%
Operating margin6.13%
Profit margin3.87%

Key executives

  • President & Representative Director: Yorifusa Wakabayashi
  • Representative Director, EVP & GM-Administration: Toshihiro Adachi
  • Representative Director, Executive VP & Head-Sales: Kunihiro Okazaki
  • Executive Officer & GM-Global Logistics: Satoshi Iseki
  • Executive Officer & Manager-Accounting: Junichi Ikawa

Shareholders

  • Hokuetsu Corp. (24.6%)
  • Daio Kaiun Co. Ltd. (4.2%)
  • The Iyo Bank Ltd. (4.1%)
  • The Ehime Bank, Ltd. (4.0%)
  • Ehime Paper Manufacturing Co., Ltd. (3.1%)
  • T. Rowe Price International Ltd. (Japan) (3.1%)
  • Kami Shoji KK (2.7%)
  • Japan Agricultural Cooperatives Group (2.4%)
  • Nomura Asset Management Co., Ltd. (1.8%)
  • The Vanguard Group, Inc. (1.2%)

Contact Details

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  • Fuji Paper Supply Co. Ltd.
  • Suehiro Printing Co., Ltd.
  • Nisshinbo Postal Chemical Co., Ltd.
  • Computer Insatsu KK
  • Tokyo Pulp & Paper International Co. Ltd.
  • Dainichi Paper Corp.
  • Marubishi Paper Tec, Inc.

Competitors

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