Ōji Holdings (3861) Stock Price, Fundamentals & Analysis

What 3861 does

Ōji Holdings (3861) is a Basic Materials company in the Paper & Paper Products industry, listed on the Tokyo Stock Exchange and headquartered in Chuo, Japan. The company manufactures and sells pulp and paper products across Japan, China, the rest of Asia, North and South America, Europe, Oceania, and internationally. Its Household and Industrial Materials segment offers corrugated containers, containerboard, special paperboard, boxboards, packaging paper, liquid paper cartons, filters, folding cartons, kraft heavy-duty sacks, insulation, paper bags, paper cores, and plastic trays, as well as facial tissues, toilet rolls, kitchen and hand towels, wet disinfecting wipes, masks, towels, incontinence aid products, nursing care products/disposable diapers, and skincare products. Its Functional Materials segment provides food containers and packaging materials, functional films, agricultural materials, medical and hygiene-related materials, thermal paper, non-woven fabric, adhesive base paper, release liner sheets, printing and publication paper, and writing and office supplies.

Key numbers explained

• Price and daily change: Ōji Holdings trades at 875.8 JPY, up +0.63% today.
• Market capitalization: 743.76B JPY, reflecting the total market value of the company's outstanding shares.
• Trailing P/E ratio: 14.3, calculated by dividing the current share price by earnings per share over the last 12 months.
• Forward P/E ratio: 11.5, based on expected future earnings, suggesting a lower multiple if earnings grow as anticipated.
• Earnings per share (trailing 12 months): 61.13 JPY.
• Dividend yield: 4.11%, with an ex-dividend date of **Sep 29, 2
• Beta: 0.08, indicating low volatility relative to the broader market.
• 52-week price range: 753.2 – 990.7, with a 7.6% price change over the last 52 weeks.
• Revenue (trailing 12 months): 1.87T JPY, with a 2.4% year-over-year growth.
• Profit margin: 3.4%; operating margin: 0.8%; return on equity: 6%.
• Debt-to-equity ratio: 92.1%; price-to-book ratio: 0.69.
• Next earnings date: Nov 6, 2026.

What to watch

As a Paper & Paper Products company, Ōji Holdings is sensitive to raw material costs, particularly wood pulp, and global supply chain dynamics. Its low beta of 0.08 suggests it may be less volatile than the broader market, but its debt-to-equity ratio of 92.1% and thin operating margin of 0.8% indicate financial leverage and profitability challenges. The price-to-book ratio of 0.69 may attract value-oriented investors, while the dividend yield of 4.11% provides income appeal.

Key factors to monitor include pulp and commodity price fluctuations, demand in packaging and consumer goods sectors, and broader economic conditions in Asia and globally. The company's performance is also tied to trends in the Tokyo Stock Exchange and sector peers like Mitsubishi Materials (5711) and Sumitomo Chemical (4005).