Oji Holdings Revises FY2026 Forecast, Issues FY2027 Outlook

Oji Holdings Corporation revised its consolidated financial forecast for the fiscal year ending March 2026 and announced its outlook for fiscal 2027, citing weaker-than-expected domestic sales volumes and slower recovery in overseas pulp markets.

The company now expects net sales for FY2026 to reach ¥1.8617 trillion, compared with its previous forecast of ¥1.85 trillion. Operating profit, however, is projected to decline to ¥34.6 billion from the earlier estimate of ¥45 billion. Ordinary profit was revised upward to ¥40.5 billion, while profit attributable to owners of parent was increased to ¥55.6 billion.

Oji Holdings said the lower operating profit outlook reflected reduced domestic sales volumes and weaker recovery in overseas pulp markets. At the same time, ordinary profit benefited from foreign exchange gains related to the revaluation of foreign currency-denominated receivables and payables. Net profit was supported by proceeds from the sale of rental properties and shareholdings under the company’s asset slimming policy.

The company maintained its annual dividend forecast for FY2026 at ¥36 per share.

For the fiscal year ending March 2027, Oji Holdings forecast net sales of ¥1.94 trillion and operating profit of ¥60 billion, compared with the revised FY2026 forecast of ¥1.8617 trillion and ¥34.6 billion, respectively. Ordinary profit is projected at ¥45 billion, while profit attributable to owners of parent is expected to decline to ¥35 billion due to lower extraordinary gains.

The company said its FY2027 outlook is based on initiatives under its “Medium-Term Business Plan 2027,” including restructuring low-profit businesses, strengthening profitability through price revisions, and improving operational efficiency. Oji also cited expected benefits from the acquisition and consolidation of AustroCel Hallein, improvements in pulp market conditions, and restructuring measures at subsidiaries including Oji Fibre Solutions and Oji Nepia.

Oji Holdings added that its forecast assumes stabilization of the Middle East situation by the end of June 2026, while factoring in a potential ¥15 billion negative impact on operating profit from higher raw material, fuel, and distribution costs.