May 14, 2024
Summary of
Financial Business
Results
1
Summary of Financial Business Results
Contents
01 FY2023 Result Overview
02 FY2024 Financial Forecast 03 Topics
① | Financial Highlights of FY2023 | 5 |
(consolidated) | ||
② | Sales and Operating Profit by Segment | 6 |
(consolidated) | ||
[FY2023 Result] |
- Analysis of Operating Profit by Segment
Household and Industrial Materials | 7 | |
Functional Materials | 8 | |
Forest Resources | 9 | |
and Environment Marketing | ||
Printing and Communications Media | 10 | |
① | Financial Forecast for FY2024 | 12 |
(consolidated) | ||
② | Sales and Operating Profit by Segment | 13 |
(consolidated) | ||
[FY2024 Forecast] | ||
③ | Operating Profit by Segment | 14 |
④ | Impact on Operating Profit from External | 15 |
Environment |
① | Initiatives for Sustainable Growth | 17 |
State of Progress | ||
② | Initiatives for Forest Function | 18 |
③ | Initiatives for Existing Business | 19 |
④ | Early Expansion of Environmentally Friendly | 22 |
Packaging | ||
⑤ | Wood Bio-businesses | 27 |
⑥ | Shareholder Returns | 35 |
04 | Reference Materials |
Trends of Net Sales by Segment (consolidated) / Trends of Operating Profit (consolidated) / Trends of Return on Equity (ROE) / Trends of Net Interest-bearing Debt (consolidated) |
Trends of CAPEX/Depreciation (consolidated) / History of the Number of Employees (consolidated) / FY2023 Industry Demand
This document does not constitute a disclosure document under the provisions of the Financial Instruments and Exchange Law, and no guarantees are provided concerning the accuracy of completeness of the information contained therein. Forecasts and other forward-looking statements in this document represent judgments by Oji Holdings Corporation based on information available at the time of the briefing, and they may be affected by unforeseeable events. You are therefore urged not to make investment decisions solely on the basis of this document. Oji Holdings Corporation will not accept any liability whatsoever for losses incurred as a result of use of this document.
01 | FY2023 Result Overview |
01. FY2023 Result Overview
- Financial Highlights of FY2023 (consolidated)
(¥ billion)
FY2022 | FY2023 | Increase(Decrease) |
Net Sales
Operating Profit
1,706.6 | 1,696.3 | (10.4) | ||
84.8 | 72.6 | (12.2) |
[Domestic Companies] | [18.8] | [64.8] | [46.0] | ||||||||||||
[Overseas Companies] | [66.0] | [7.8] | [(58.2)] | ||||||||||||
Ordinary Profit | 95.0 | 86.0 | (9.0) | ||||||||||||
Profit | 56.5 | 50.8 | (5.7) | ||||||||||||
Attributable to Owners of Parent | |||||||||||||||
Depreciation | 73.0 | 79.5 | 6.5 | ||||||||||||
Overseas Sales Ratio | 37.6% | 34.9% | (2.7pt) | ||||||||||||
Average Exchange Rate (¥/US$) | 135.5 | 144.6 | 9.1 | ||||||||||||
Number of | Domestic | 92 | 95 | +3 | |||||||||||
Consolidated Companies | Overseas | 104 | 105 | +1 | |||||||||||
Total | 196 | 200 | +4 | ||||||||||||
Domestic : +1[Specialty Paper] ,+2[Lumber Processing]
Overseas : +1[Liquid Packaging Cartons in Italy], +2[Corrugated Containers in Malaysia], +1[Forest Plantation in Uruguay], (1)[Flexible Packaging in Myanmar], (1)[Logistics in Malaysia], (1)[Filter in China]
Equity Method Affiliates : (1)[Domestic(1)] | 5 | ||
01. FY2023 Result Overview | |||||||||||
② Sales and Operating Profit by Segment | [FY2023 Result] | ||||||||||
(¥ billion) | |||||||||||
FY2022 | FY2023 | Increase (Decrease) | |||||||||
Net Sales | Operating | Net Sales | Operating | Net Sales | Operating | ||||||
Profit | Profit | Profit | |||||||||
Household & | 780.5 | (1.2) | 798.7 | 21.2 | 18.2 | 22.5 | |||||
Industrial Materials | |||||||||||
Functional Materials | 219.9 | 15.5 | 227.5 | 9.1 | 7.6 | (6.4) | |||||
Forest Resources & | 423.8 | 68.5 | 359.6 | 19.6 | (64.2) | (48.9) | |||||
Environment Marketing | |||||||||||
Printing & | 281.0 | (4.8) | 299.4 | 16.8 | 18.4 | 21.6 | |||||
Communications Media | |||||||||||
Others | 1.4 | 6.8 | 11.1 | 5.9 | 9.7 | (0.9) | |||||
Total | 1,706.6 | 84.8 | 1,696.3 | 72.6 | (10.4) | (12.2) | |||||
*1: Sales include inter-segment sales *2: Others include adjustment amount
6
01. FY2023 Result Overview
- Analysis of Operating Profit by Segment
■Household and Industrial Materials | Increased profit due to strong domestic market, |
while overseas business profit decreased. |
Increase (Decrease) of Operating Profit
+22.5bil.
FY2023
Net Sales Operating Profit
¥798.7 bil. | ¥21.2 bil. |
D ¥26.1b O ¥(4.9b) |
Domestic +¥28.0 bil.
Sales & market | +¥36.1 bil. | |
factor | +¥1.5 bil. | |
Price difference | ||
in raw materials & | ||
fuels | ||
Other costs | (¥9.3 bil.)etc | |
Overseas | (¥5.6 bil.) | |
Sales & market | (¥16.9 bil.) | |
factor | ||
Price difference | +¥12.4 bil. | |
in raw materials & | etc. | |
fuels | ||
Price of Key Products in Japan | Price of Key Fuels | ||
(¥/kg・m2) | ( ¥ / 5 Boxes) | ($/t) | Coal [Australia/Newcastle] |
160 | 420 | 500 |
140 | 400 | |
Coated duplex board | 400 | |
380 | ||
120 | ||
360 300
100
C linerboard | 340 | 200 | ||||||||||
80 | ||||||||||||
320 | ||||||||||||
60 | Corrugated sheet | 300 | 100 | |||||||||
40 | Tissue Paper[right axis] | 280 | 0 | |||||||||
18/4 | 19/4 | 20/4 | 21/4 | 22/4 | 23/4 | 18/4 | 19/4 | 20/4 | 21/4 | 22/4 | 23/4 |
FY2022 | Sales of Key Products (*) | FY2022 | FY2023 | Increase (Decrease) | ||||||||||||
Sales Volume | Unit Price | Sales Amount | Sales Volume | Unit Price | Sales Amount | Sales Volume | Year-on Year | Unit Price | Sales Amount | |||||||
Net Sales | Operating Profit | 1000t(or) | ¥/kg(or)㎡ | ¥ billion | 1000t(or) | ¥/kg(or)㎡ | ¥ billion | 1000t(or) | ¥/kg(or)㎡ | ¥ billion | ||||||
million ㎡ | million ㎡ | million ㎡ | % | |||||||||||||
Paperboard | Domestic | 2,981 | 78.87 | 235.1 | 2,828 | 86.12 | 243.6 | (153) | 94.9% | 7.25 | 8.4 | |||||
¥780.5 bil. | (¥1.2 bil.) | |||||||||||||||
Corrugated contain | Domestic | 3,097 | 69.39 | 214.9 | 2,974 | 77.18 | 229.6 | (122) | 96.1% | 7.79 | 14.7 | |||||
D ¥(1.9b) O ¥0.7b |
*Total amount of consolidated Group's manufacturing companies including internal consumption 7
01. FY2023 Result Overview
- Analysis of Operating Profit by Segment
■Functional Materials | Decreased profit due to lower volumes and raw material price differences |
despite price revisions in domestic and overseas markets |
Increase (Decrease) of Operating Profit
(6.4) bilbil. .
FY2023
Net Sales Operating Profit
¥227.5 bil. | ¥9.1 bil. |
D ¥7.2b O ¥1.9b |
Domestic | +¥1.4 bil. |
Sales & market | +¥7.3 bil. |
factor | |
Price difference | (¥2.8 bil.) |
in raw materials & | |
fuels | etc. |
Overseas | (¥7.8 bil.) |
Price difference | (¥3.4 bil.) |
in raw materials & | |
fuels | |
Other costs | (¥3.3 bil.) |
etc. |
Price of Key Raw Materials | (M ㎡) | |||||
150 | and Fuels | 4,500 | ||||
Crude oil [Dubai] | 4,000 | |||||
($/bbl) | ||||||
Naphtha [Japan] | 3,500 | |||||
100 | (¥1,000/kl) | 3,000 | ||||
2,500 | ||||||
2,000 | ||||||
50 | 1,500 | |||||
1,000 | ||||||
500 | ||||||
0 | 19/4 | 20/4 | 21/4 | 22/4 | 23/4 | 0 |
18/4 |
Sales of Thermal paper
(Domestic & ・Overseas)
18 19 20 21 22 23
FY2022 | Sales of Key Products (*) | FY2022 | FY2023 | Increase (Decrease) | ||||||||||
Sales Volume | Unit Price | Sales Amount | Sales Volume | Unit Price | Sales Amount | Sales Volume | Year-on Year | Unit Price | Sales Amount | |||||
Net Sales | Operating Profit | 1000t(or) | ¥/kg(or)㎡ | ¥ billion | 1000t(or) | ¥/kg(or)㎡ | ¥ billion | 1000t(or) | % | ¥/kg(or)㎡ | ¥ billion | |||
million ㎡ | million ㎡ | million ㎡ | ||||||||||||
¥219.9 bil. | ¥15.5 bil. | Thermal paper(million Domestic&Overseas | 3,951 | 22.42 | 88.6 | 3,696 | 24.97 | 92.3 | (255) | 93.6% | 2.54 | 3.7 | ||
D ¥5.8b | O ¥9.7b |
*Total amount of consolidated Group's manufacturing companies including internal consumption 8
01. FY2023 Result Overview
③ Analysis of Operating Profit by Segment
■Forest Resources and Environment Marketing
Decreased profits due to cyclone and deteriorating market conditions overseas
Increase (Decrease) of Operating Profit
(48.9)bil.
FY2023
Net Sales Operating Profit
¥359.6 bil. | ¥19.6 bil. |
D ¥5.5b O ¥14.1b |
FY2022
Net Sales Operating Profit
¥423.8 bil. | ¥68.5 bil. |
D ¥7.1b O ¥61.4b |
Overseas (¥47.3 bil.) | Price of Key Products | |||||||||||||||
($/t) | (Pulp - Net Price for China Market) | |||||||||||||||
PanPac Cyclone | (¥7.0 bil.) | 1,000 | ||||||||||||||
Damage | (¥35.8 bil.) | 900 | ||||||||||||||
Sales & market | NBKP [Chili] | |||||||||||||||
factor | etc. | 800 | ||||||||||||||
NBKP | ||||||||||||||||
700 | ||||||||||||||||
920 | ▲195 | 725 | 765 | 790 | ||||||||||||
$/t | $/t | $/t | $/t | |||||||||||||
LBKP | 600 | |||||||||||||||
500 | LBKP [Brazil] | |||||||||||||||
790 | ▲210 | 580 | 685 | 710 | ||||||||||||
$/t | $/t | $/t | $/t | 400 | ||||||||||||
2022 Result | Reference | 19/4 | 20/4 | 21/4 | 22/4 | 23/4 | ||||||||||
2023 Result | 2024 | 18/4 | ||||||||||||||
(Jan,-Dec.) | (Jan,-Dec.) | (Jan,-Dec. | (May.Assumption) | |||||||||||||
Assumption) | ||||||||||||||||
FY2023 | Increase (Decrease) | |||||||||||||||
Sales of Key Products (*) | FY2022 | |||||||||||||||
Sales Volume | Unit Price | Sales Amount | Sales Volume | Unit Price | Sales Amount | Sales Volume | Year-on Year | Unit Price | Sales Amount | |||||||
1000t(or) | ¥/kg(or)㎡ | ¥ billion | 1000t(or) | ¥/kg(or)㎡ | ¥ billion | 1000t(or) | % | ¥/kg(or)㎡ | ¥ billion | |||||||
million ㎡ | million ㎡ | million ㎡ | ||||||||||||||
Market pulp | Domestic& | 2,334 | 103.08 | 240.6 | 2,070 | 91.84 | 190.1 | (264) | 88.7% | (11.24) | (50.5) | |||||
Overseas | ||||||||||||||||
Electric power | Domestic | 1,603 | - | - | 1,723 | - | - | 120 | 107.5% | - | - | |||||
(GWh) | ||||||||||||||||
*Total amount of consolidated Group's manufacturing companies including internal consumption 9
01. FY2023 Result Overview
- Analysis of Operating Profit by Segment
■ Printing and Communications Media Increased profits due to strong domestic market
Increase (Decrease) of Operating Profit
+21.6bil.
FY2023
Net Sales Operating Profit
¥299.4 bil. | ¥16.8 bil. |
D ¥17.4b O ¥(0.6b) |
Domestic +¥19.4 bil.
Sales & market | +¥29.3 bil. |
factor | |
Price difference | (¥2.0 bil.) |
in raw materials & | etc. |
fuels |
Overseas +¥2.2 bil.
Price difference | +¥4.0 bil. |
in raw materials & | |
fuels | |
Sales & market | (¥0.2 bil.) |
factor | etc. |
Price of Key Products | ($/t) | Price of Key Raw Materials | |||||||||
(¥/kg) | (Woodchip) | ||||||||||
250 | 220 | Australia hardwood | |||||||||
200 | US softwood | ||||||||||
Thailand hardwood | |||||||||||
200 | 180 | ||||||||||
A2 Grade | 160 | ||||||||||
coated paper | |||||||||||
150 | 140 | ||||||||||
A3 Grade coated paper | 120 | ||||||||||
100 | 100 | ||||||||||
18/4 | 19/4 | 20/4 | 21/4 | 22/4 | 23/4 | 18/4 | 19/4 | 20/4 | 21/4 | 22/4 | 23/4 |
Sales of Key Products (*) | FY2022 | FY2023 | Increase (Decrease) | ||||||||
Sales Volume | Unit Price | Sales Amount | Sales Volume | Unit Price | Sales Amount | Sales Volume | Year-on Year | Unit Price | Sales Amount | ||
1000t(or) | ¥/kg(or)㎡ | ¥ billion | 1000t(or) | ¥/kg(or)㎡ | ¥ billion | 1000t(or) | % | ¥/kg(or)㎡ | ¥ billion | ||
million ㎡ | million ㎡ | million ㎡ | |||||||||
Newsprint, printing & Domestic | 1,838 | 106.75 | 196.2 | 1,693 | 126.43 | 214.0 | (145) | 92.1% | 19.68 | 17.9 | |
*Total amount of consolidated Group's manufacturing companies including internal consumption10
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Oji Holdings Corporation published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 05:14:33 UTC.