Company profile

HEIWA PAPER CO., LTD.

EDINET
E02759
Securities
9929
Industry
Wholesale Trade
Latest annual securities report
2026-06-22 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-06-29 Extraordinary Report PDF HTML
Compare this company

Industry position

Wholesale Trade

View details
Profitability Weak Current Bottom 6% 5-year trend Broadly stable
Financial strength Above average Based on Equity ratio Current Top 39% 5-year trend Broadly stable
Growth Weak Current Bottom 20% 5-year trend Deteriorating
Cash generation Strong Current Top 25% 5-year trend Improving

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥15.8 billion, down 1.5% year over year. Operating income was ¥99.41 million, down 30.3% year over year. Operating margin was 0.6%. Net income was ¥78.63 million, down 32.8% year over year. ROE was 0.8%; equity ratio was 57.6%; free cash flow was ¥662.73 million.

Revenue ¥15.8B down 1.5% year over year
Operating income ¥99.41M down 30.3% year over year
Net income ¥78.63M down 32.8% year over year
Total assets¥17.77B
Total equity—
Operating cash flow¥1.05B
Free cash flow¥662.73M

Industry position details

Wholesale Trade

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Weak

Operating margin Bottom 93% / ROE Bottom 97%

Financial strength Above average
Based on Equity ratio

Equity ratio Top 40%

Growth Weak

Revenue growth Bottom 83% / 3-year revenue CAGR Bottom 80%

Cash generation Strong

Operating cash flow margin Top 22% / Free cash flow margin Top 29%

Profitability Industry position history Broadly stable
2026 Bottom 6% 2025 Bottom 11% 2024 Bottom 12% 2023 Bottom 38% 2022 Bottom 15%
Financial strength Industry position history Broadly stable
2026 Top 39% 2025 Top 38% 2024 Top 41% 2023 Top 40% 2022 Top 39%
Growth Industry position history Deteriorating
2026 Bottom 20% 2025 Bottom 19% 2024 Bottom 35% 2023 Bottom 18% 2022 Bottom 33%
Cash generation Industry position history Improving
2026 Top 25% 2025 Bottom 28% 2024 Bottom 21% 2023 Bottom 22% 2022 Top 46%
Profitability Operating margin 0.6% Industry median 3.3% Bottom 93% Comparison sample 236
Profitability ROE 0.8% Industry median 7.7% Bottom 97% Comparison sample 242
Financial strength Equity ratio 57.6% Industry median 51.0% Top 40% Comparison sample 242
Growth Revenue growth -1.5% Industry median +3.8% Bottom 83% Comparison sample 241
Growth 3-year revenue CAGR -0.6% Industry median +3.5% Bottom 80% Comparison sample 225
Cash generation Operating cash flow margin 6.6% Industry median 3.3% Top 22% Comparison sample 242
Cash generation Free cash flow margin 4.2% Industry median 2.0% Top 29% Comparison sample 242

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Consolidated Japanese GAAP 15796925000 99407000 146186000 78633000 78633000 536199000 17774460000 7527791000 10246669000 8649267000 10246669000 1046578000 -383849000 -838280000 662729000 2194226000 8.38 54.1 453.358 4586585257.286 1107.62 10116917 0.5764827173 0.576 0.0076740061 0.0044239319 0.006292807 0.0092540795 0.0049777409 0.0662520079 0.0419530383 -0.014666365 -0.3032821929 -0.2910028275 -0.3280666524 -0.010938215 0.033288869 3.0134449012 0.3075529867 -3.8887566994 3.2574897213 -0.0756498852 -0.3225545675 0.0 -0.0208333333 188
FY2025 Consolidated Japanese GAAP 16032057000 142679000 206187000 117025000 117025000 -68396000 17971031000 8054473000 9916558000 8776722000 9916558000 260768000 -554337000 -171471000 -293569000 2373804000 12.37 35.9 444.083 4492750852.111 1048.31 10116917 0.5518079625 0.552 0.0118009697 0.006511869 0.0088996066 0.0128609198 0.0072994376 0.0162654112 -0.0183113745 -0.0057081033 -0.0972654569 -0.0704509183 -0.1416238182 -0.0458337742 -0.0180137207 1.1229992673 -40.9793260129 0.502474989 -3.6779384265 -0.1639615855 -0.1415683553 0.0 -0.0153846154 192
FY2024 Consolidated Japanese GAAP 16124095000 158052000 221814000 136333000 136333000 802255000 18834277000 8735807000 10098469000 8773211000 10098469000 122830000 -13205000 -344648000 109625000 2839348000 14.41 30.7 442.387 4475592560.879 1067.54 10116917 0.5361750281 0.536 0.0135003633 0.0072385577 0.0098022246 0.0137566791 0.0084552342 0.0076177919 0.0067988312 0.0034357702 0.1425390721 0.1546197491 -0.8441559481 0.072249932 0.0731945706 0.0142103394 0.9676572377 -8.991096478 1.3817372046 -0.0760152011 -0.8422895918 0.0 -0.0441176471 195
FY2023 Consolidated Japanese GAAP 16068886000 138334000 192110000 874804000 874804000 1050751000 17565193000 8155465000 9409728000 8750391000 9409728000 121109000 -408283000 43129000 -287174000 3072938000 91.37 4.4 402.028 4067283907.676 994.73 10116917 0.5357030805 0.536 0.0929680433 0.0498032672 0.0086088108 0.0119554025 0.0544408617 0.0075368635 -0.0178714318 0.0287774837 -0.144428089 0.437690834 9.0257174292 0.1140846983 0.1030431507 -0.4824313236 -28.4046092906 1.3502976746 -2.3046780942 -0.0737070371 9.107300885 0.0 0.02 204
FY2022 Consolidated Japanese GAAP 15619399000 161686000 133624000 87256000 87256000 -88676000 15766479000 7235780000 8530698000 8047309000 8530698000 233996000 -13885000 -123121000 220111000 3317458000 9.04 46.3 418.552 4234455844.184 884.67 10116917 0.5410655099 0.541 0.0102284713 0.0055342731 0.0103516147 0.0085550027 0.0055863865 0.0149811142 0.0140921555 0.0689851854 17.4931945556 7.7630326956 3.5084375449 -0.0096063258 -0.0212377473 -0.2553779181 -1.3792472413 -0.4365505332 -0.37265291 0.0304021399 3.5111111111 0.0 -0.043062201 200
FY2021 Consolidated Japanese GAAP 14611427000 8743000 -19758000 -34785000 -34785000 170864000 15919406000 7203604000 8715802000 8056480000 8715802000 314248000 36612000 -85706000 350860000 3219576000 -3.6 903.87 10116917 0.5474954279 0.547 -0.0039910269 -0.002185069 0.0005983673 -0.0013522293 -0.002380671 0.0215070027 0.0240127128 -0.2042873992 -0.9421112222 -1.0791187141 -1.225 -0.0318247786 0.0142731112 0.135198792 1.1812089506 0.0898896688 3.6919589724 0.0899994278 -1.2245789145 0.0 -0.0279069767 209
FY2020 Consolidated Japanese GAAP 18362694000 151031000 249726000 154600000 154600000 -12396000 16442691000 7849540000 8593151000 8139478000 8593151000 276822000 -202043000 -94171000 74779000 2953741000 16.03 25.2 403.956 4086789323.652 891.15 10116917 0.522612205 0.523 0.0179910722 0.0094023539 0.0082248825 0.0135996385 0.0084192439 0.015075239 0.0040723327 -0.0391482325 -0.4071030958 -0.2685237258 -0.3154021238 -0.0719528589 -0.0125103194 -0.2965651833 -1.0671052362 0.7210781192 -0.7471863199 -0.0067549277 -0.313490364 0.0 -0.0401785714 215
FY2019 Consolidated Japanese GAAP 19110850000 254734000 341400000 225826000 225826000 219179000 17717517000 9015500000 8702016000 8081347000 8702016000 393529000 -97742000 -337625000 295787000 2973829000 23.35 21.9 511.365 5173437261.705 902.43 10116917 0.4911532468 0.491 0.025950998 0.0127459169 0.0133292868 0.0178641976 0.0118166382 0.0205919151 0.0154774382 0.0031812186 0.2076249893 0.1125014664 -0.2181974915 -0.010337004 0.0105233821 0.5321832099 -1.4782927832 -0.2861512792 -0.3586550679 -0.0121065432 -0.2132749326 -0.0303030303 224
FY2018 Consolidated Japanese GAAP 19050247000 210938000 306876000 288853000 288853000 296515000 17902576000 9291181000 8611395000 7984079000 8611395000 256842000 204356000 -262508000 461198000 3010273000 29.68 20.0 593.600 886.6 0.4810142965 0.481 0.0335431135 0.0161347171 0.0110727173 0.0161087675 0.0151626905 0.0134823449 0.0242095549 -0.0269305358 0.0592075201 0.1534610296 0.6768626131 0.0478793213 0.0160029345 -0.3815804681 6.1794547499 -3.6295502354 0.0392398104 0.0706375299 0.6998854525 0.0087336245 231
FY2017 Consolidated Japanese GAAP 19577479000 199147000 266048000 172258000 172258000 364948000 17084578000 8608820000 8475758000 7856103000 8475758000 415320000 28464000 99830000 443784000 2811664000 17.46 24.6 429.516 859.36 0.4961057862 0.496 0.02032361 0.0100826605 0.0101722495 0.0135894923 0.0087987835 0.0212141717 0.0226680871 -0.0358608916 -0.3771790461 -0.3256703427 -0.2736970372 0.0215296045 0.0299613571 4.0488080621 0.7576880326 1.3064968239 3.5074805749 0.2396719503 -0.2737104825 -0.0213675214 229

Source filings

Select a document type to load the filings list.

Select a filing type to load the list.

Document filter

Select filing types

Choose the filing types to display.

Filing types containing financial data are selected by default.

Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp