AI Analysis

How does 9929.T make money? Does 9929.T have pricing power? What's the Earnings Whisper? Will 9929.T profit more as the business scales? What is 9929.T's management track record? Is 9929.T's current price justified?

Heiwa Paper Co.,Ltd.

¥473 +$7.00 (+1.50%)

JPX · 16 Sep 2026 00:00 UTC

Previous Close

¥473

Day Range

¥473 - ¥473

Year Range

¥440¥510

Market Cap

4.38B

AVG Volume

1.6K

Trailing/Forward PE

39.88/-

PEG ratio

2.73

Dividend Yield

2.54%

Next Earnings Date

2026-11-17

Primary Exchange

Tokyo Stock Exchange

Revenue (JPY) · TTM

9929.T Revenue (JPY) · TTM by quarter
Period	Revenue (JPY) · TTM
26 Q1	16B
25 Q4	15.8B
25 Q3	15.67B
25 Q2	15.89B
25 Q1	15.99B
24 Q4	16.03B
24 Q3	16.17B
24 Q2	16.05B
24 Q1	16.09B
23 Q4	16.12B

Net Income (JPY) · TTM

9929.T Net Income (JPY) · TTM by quarter
Period	Net Income (JPY) · TTM
26 Q1	111.01M
25 Q4	78.63M
25 Q3	77.1M
25 Q2	78.53M
25 Q1	97.92M
24 Q4	117.03M
24 Q3	115.26M
24 Q2	137.89M
24 Q1	136.04M
23 Q4	136.33M

Operating Income (JPY) · TTM

9929.T Operating Income (JPY) · TTM by quarter
Period	Operating Income (JPY) · TTM
26 Q1	122.58M
25 Q4	99.41M
25 Q3	78.98M
25 Q2	89.13M
25 Q1	120.03M
24 Q4	142.68M
24 Q3	128.16M
24 Q2	154.05M
24 Q1	154.56M
23 Q4	158.05M

EBITDA (JPY) · TTM

9929.T EBITDA (JPY) · TTM by quarter
Period	EBITDA (JPY) · TTM
26 Q1	319.78M
25 Q4	287.25M
25 Q3	254.02M
25 Q2	260.56M
25 Q1	283.83M
24 Q4	304.78M
24 Q3	289.7M
24 Q2	295M
24 Q1	284.55M
23 Q4	272.51M

EPS (JPY) · TTM

9929.T EPS (JPY) · TTM by quarter
Period	EPS (JPY) · TTM
26 Q1	11.86
25 Q4	8.38
25 Q3	8.17
25 Q2	8.3
25 Q1	10.35
24 Q4	12.37
24 Q3	12.18
24 Q2	14.58
24 Q1	14.38
23 Q4	14.41

Expenses (JPY) · TTM

9929.T Expenses (JPY) · TTM by quarter
Period	Expenses (JPY) · TTM
26 Q1	3.17B
25 Q4	3.19B
25 Q3	3.01B
25 Q2	3.02B
25 Q1	3B
24 Q4	2.97B
24 Q3	3.01B
24 Q2	2.98B
24 Q1	3B
23 Q4	3.02B

Dividends (JPY)

9929.T Dividends (JPY) by quarter
Period	Dividends (JPY)
Mar 27	6
Sep 26	6
Mar 26	6
Sep 25	6
Mar 25	6
Sep 24	6
Mar 24	6
Sep 23	6
Mar 23	6
Sep 22	5

PE Ratio

9929.T PE Ratio by quarter
Period	PE Ratio
Sep 26	56.15
Sep 26	56.15
Sep 26	56.86
Aug 26	56.15
Aug 26	56.27
Aug 26	55.08
Aug 26	55.79
Jul 26	55.91
Jul 26	55.91
Jul 26	55.55
Jul 26	55.43
Jul 26	55.32
Jun 26	56.71
Jun 26	57.08
Jun 26	56.71
Jun 26	57.44
May 26	56.83
May 26	56.96
May 26	56.83
May 26	55.86
May 26	56.22
Apr 26	56.71
Apr 26	56.96
Apr 26	56.47
Apr 26	56.34
Mar 26	57.82
Mar 26	56.62
Mar 26	56.74
Mar 26	57.82
Feb 26	59.27
Feb 26	56.86
Feb 26	56.01
Feb 26	56.14
Jan 26	55.05
Jan 26	56.38
Jan 26	56.62
Jan 26	56.01
Dec 25	56.62
Dec 25	44.63
Dec 25	43.57
Dec 25	43.28
Dec 25	43.67
Nov 25	43.67
Nov 25	43.38
Nov 25	43.38
Nov 25	42.51
Oct 25	42.7
Oct 25	43.38
Oct 25	42.99
Oct 25	43.28
Oct 25	43.09
Sep 25	35.97
Sep 25	36.38
Sep 25	35.81
Sep 25	36.46
Aug 25	36.05
Aug 25	35.57
Aug 25	35
Aug 25	34.84
Aug 25	34.76
Jul 25	35.41
Jul 25	35.49
Jul 25	35.24
Jul 25	34.84
Jun 25	35.29
Jun 25	35.21
Jun 25	34.96
Jun 25	35.13
May 25	34.8
May 25	34.88
May 25	35.29
May 25	35.29
May 25	35.04
Apr 25	35.04
Apr 25	34.88
Apr 25	36.44
Apr 25	35.29
Mar 25	30.6
Mar 25	31.83
Mar 25	31.42
Mar 25	31.76
Feb 25	31.56
Feb 25	31.49
Feb 25	30.6
Feb 25	30.87
Jan 25	30.32
Jan 25	30.12
Jan 25	29.98
Jan 25	30.94
Dec 24	31.01
Dec 24	30.87
Dec 24	30.53
Dec 24	30.25
Dec 24	30.6
Nov 24	30.53
Nov 24	30.6
Nov 24	30.53
Nov 24	30.8
Nov 24	30.94
Oct 24	30.67

Price to Sales

9929.T Price to Sales by quarter
Period	Price to Sales
Sep 26	0.28
Sep 26	0.28
Sep 26	0.28
Aug 26	0.28
Aug 26	0.28
Aug 26	0.27
Aug 26	0.28
Jul 26	0.28
Jul 26	0.28
Jul 26	0.28
Jul 26	0.28
Jul 26	0.28
Jun 26	0.28
Jun 26	0.28
Jun 26	0.28
Jun 26	0.28
May 26	0.28
May 26	0.28
May 26	0.28
May 26	0.27
May 26	0.28
Apr 26	0.28
Apr 26	0.28
Apr 26	0.28
Apr 26	0.28
Mar 26	0.29
Mar 26	0.28
Mar 26	0.28
Mar 26	0.29
Feb 26	0.29
Feb 26	0.28
Feb 26	0.28
Feb 26	0.28
Jan 26	0.27
Jan 26	0.28
Jan 26	0.28
Jan 26	0.28
Dec 25	0.28
Dec 25	0.27
Dec 25	0.27
Dec 25	0.27
Dec 25	0.27
Nov 25	0.27
Nov 25	0.27
Nov 25	0.27
Nov 25	0.26
Oct 25	0.26
Oct 25	0.27
Oct 25	0.26
Oct 25	0.27
Oct 25	0.26
Sep 25	0.26
Sep 25	0.27
Sep 25	0.26
Sep 25	0.27
Aug 25	0.26
Aug 25	0.26
Aug 25	0.26
Aug 25	0.25
Aug 25	0.25
Jul 25	0.26
Jul 25	0.26
Jul 25	0.26
Jul 25	0.25
Jun 25	0.25
Jun 25	0.25
Jun 25	0.25
Jun 25	0.25
May 25	0.25
May 25	0.25
May 25	0.25
May 25	0.25
May 25	0.25
Apr 25	0.25
Apr 25	0.25
Apr 25	0.26
Apr 25	0.25
Mar 25	0.26
Mar 25	0.27
Mar 25	0.27
Mar 25	0.27
Feb 25	0.27
Feb 25	0.27
Feb 25	0.26
Feb 25	0.27
Jan 25	0.26
Jan 25	0.26
Jan 25	0.26
Jan 25	0.27
Dec 24	0.27
Dec 24	0.26
Dec 24	0.26
Dec 24	0.26
Dec 24	0.26
Nov 24	0.26
Nov 24	0.26
Nov 24	0.26
Nov 24	0.26
Nov 24	0.26
Oct 24	0.26

EV/EBITDA

9929.T EV/EBITDA by quarter
Period	EV/EBITDA
Sep 26	14.01
Sep 26	14.01
Sep 26	14.21
Aug 26	14.01
Aug 26	14.04
Aug 26	13.72
Aug 26	13.91
Jul 26	13.95
Jul 26	13.95
Jul 26	13.85
Jul 26	13.82
Jul 26	13.78
Jun 26	16.42
Jun 26	16.53
Jun 26	16.42
Jun 26	16.64
May 26	16.46
May 26	16.49
May 26	16.46
May 26	16.16
May 26	16.27
Apr 26	16.42
Apr 26	16.49
Apr 26	16.35
Apr 26	16.31
Mar 26	16.05
Mar 26	15.69
Mar 26	15.72
Mar 26	16.05
Feb 26	16.49
Feb 26	15.76
Feb 26	15.51
Feb 26	15.54
Jan 26	15.21
Jan 26	15.61
Jan 26	15.69
Jan 26	15.51
Dec 25	15.69
Dec 25	14.47
Dec 25	14.1
Dec 25	14
Dec 25	14.13
Nov 25	14.13
Nov 25	14.03
Nov 25	14.03
Nov 25	13.73
Oct 25	13.8
Oct 25	14.03
Oct 25	13.9
Oct 25	14
Oct 25	13.93
Sep 25	13.06
Sep 25	13.22
Sep 25	13
Sep 25	13.25
Aug 25	13.09
Aug 25	12.91
Aug 25	12.69
Aug 25	12.63
Aug 25	12.6
Jul 25	12.84
Jul 25	12.87
Jul 25	12.78
Jul 25	12.63
Jun 25	13.88
Jun 25	13.85
Jun 25	13.75
Jun 25	13.82
May 25	13.69
May 25	13.72
May 25	13.88
May 25	13.88
May 25	13.79
Apr 25	13.79
Apr 25	13.72
Apr 25	14.34
Apr 25	13.88
Mar 25	14.16
Mar 25	14.74
Mar 25	14.54
Mar 25	14.7
Feb 25	14.61
Feb 25	14.58
Feb 25	14.16
Feb 25	14.29
Jan 25	14.03
Jan 25	13.94
Jan 25	13.87
Jan 25	14.32
Dec 24	14.35
Dec 24	14.44
Dec 24	14.27
Dec 24	14.14
Dec 24	14.3
Nov 24	14.27
Nov 24	14.3
Nov 24	14.27
Nov 24	14.4
Nov 24	14.47
Oct 24	14.34

Price to Book

9929.T Price to Book by quarter
Period	Price to Book
Sep 26	0.43
Sep 26	0.43
Sep 26	0.44
Aug 26	0.43
Aug 26	0.43
Aug 26	0.42
Aug 26	0.43
Jul 26	0.43
Jul 26	0.43
Jul 26	0.43
Jul 26	0.43
Jul 26	0.42
Jun 26	0.43
Jun 26	0.43
Jun 26	0.43
Jun 26	0.44
May 26	0.43
May 26	0.43
May 26	0.43
May 26	0.42
May 26	0.43
Apr 26	0.43
Apr 26	0.43
Apr 26	0.43
Apr 26	0.43
Mar 26	0.45
Mar 26	0.44
Mar 26	0.44
Mar 26	0.45
Feb 26	0.46
Feb 26	0.44
Feb 26	0.43
Feb 26	0.43
Jan 26	0.43
Jan 26	0.44
Jan 26	0.44
Jan 26	0.43
Dec 25	0.44
Dec 25	0.44
Dec 25	0.43
Dec 25	0.43
Dec 25	0.43
Nov 25	0.43
Nov 25	0.43
Nov 25	0.43
Nov 25	0.42
Oct 25	0.42
Oct 25	0.43
Oct 25	0.43
Oct 25	0.43
Oct 25	0.43
Sep 25	0.42
Sep 25	0.43
Sep 25	0.42
Sep 25	0.43
Aug 25	0.43
Aug 25	0.42
Aug 25	0.41
Aug 25	0.41
Aug 25	0.41
Jul 25	0.42
Jul 25	0.42
Jul 25	0.42
Jul 25	0.41
Jun 25	0.41
Jun 25	0.41
Jun 25	0.4
Jun 25	0.41
May 25	0.4
May 25	0.4
May 25	0.41
May 25	0.41
May 25	0.4
Apr 25	0.4
Apr 25	0.4
Apr 25	0.42
Apr 25	0.41
Mar 25	0.42
Mar 25	0.44
Mar 25	0.43
Mar 25	0.44
Feb 25	0.44
Feb 25	0.44
Feb 25	0.42
Feb 25	0.43
Jan 25	0.42
Jan 25	0.42
Jan 25	0.41
Jan 25	0.43
Dec 24	0.43
Dec 24	0.42
Dec 24	0.42
Dec 24	0.41
Dec 24	0.42
Nov 24	0.42
Nov 24	0.42
Nov 24	0.42
Nov 24	0.42
Nov 24	0.42
Oct 24	0.42

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AI Analysis

Heiwa Paper Co.,Ltd.

Video analysis: 9929.T

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