Obermatt

Oji Paper

TYO:3861 · JP3174410005
Paper & Forest ProductsX-Large

360

26
EV / EBIT9
Price / Owner Earnings62
Owner Earnings Yield73
Dividend Yield95
Price/Sales81
EV / Gross Profit77
Price/Book76
Return on Capital21
Cash Return on Capital46
Return on Equity34
EBIT Margin18
Gross Profitability38
Cash Conversion67
Accruals63
Owner Earnings Margin46
Sales growth31
Profit Growth86
Long-Term EPS Growth59
Reinvestment74
Price momentum59
Debt load28
Refinancing63
Debt Payback30
Liquidity41
Analyst ratings52
Opinion Changes36
Price Target Upside38
Market mood73
Value Creation7/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Oji Paper clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryJapan
IndustryPaper & Forest Products
SizeX-Large
TypePublic Company
ExchangeTSE
Founded1949
Employees39
ISINJP3174410005
Last UpdateApr 2, 2026
Themes
Disposal and RecyclingPackaging ServicesBio-based and Renewable MaterialsGreen Consumer GoodsForestryBiomass Energy

Description

Oji Holdings Corporation operates as a leading player in the paper and pulp industry, focusing on delivering various packaging and paper products, along with environmental management solutions in Japan. Founded with a vision to innovate and advance s…

Analysis

Middle-of-the-road

Oji Holdings Corporation sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 8.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -5% a year, against analyst forecasts of 8%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is stretched. The company scores 7/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
84
2023202420252026

All-time high

90

Jan 2026

All-time low

42

Dec 2025

Average rank

69

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
81
75
80
76
Price/Earnings
77
67
89
84
Price/Book
76
78
90
73
Dividend Yield
95
87
56
59
Value (overall)
90
81
85
81

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →