8032 Japan Pulp & Paper
- Japan Guru
- Nov 8
- 1 min read
Top domestic paper distributor. Large transaction volume with the two largest paper manufacturers. Expanding overseas paper wholesale through M&A. Real estate rental and recycled paper are also sources of revenue.
Nov 6, 2025, the company revises up its year-end (March 2026) dividend forecast by almost 50% by introducing >3% DOE, on top of its existing >30% dividend payout ratio
"Not an amazing one, but hard to not be interested in Japan Pulp & Paper, now renamed as OVOL (“vol” from flight in French). Stock is at least 50% undervalued. Has a dividend of 4.15%
Makes, processes, trades paper and derivates. Recycles and makes biomass energy. Real estate."
https://x.com/Basteph_/status/1932256428422836675?s=20
https://x.com/CompaCompu/status/1982776370641187324?s=20
at 626 yen/share, 94 bil yen mkt cap
9.07x per / 0.58x pbr / 4.47% yield
Unrealized realty gain: 47.7 bil yen
https://diamond.jp/articles/-/357822?page=2