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PAPANETS

PAPANETS CO.,Ltd.

Company highlights

The largest holder on the register is 株式会社花明, at 28.7%.

Key figures

Period Mar 2025 to Feb 2026Parent onlyJapanese GAAP

RevenueDisclosed ¥5.8B
Operating marginCalculated 8.1%
Net assets to total assetsCalculated 62.4%

Company profile

Securities code 9388 / EDINET code E33610 / Warehousing and Harbor Transportation Services / Fiscal year end end of February

越谷市越ケ谷１－５－１７　パパネッツ越谷ビル９階／Capital stock ¥50 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
伊藤 裕昭 Representative

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Mar 2025 to Feb 2026) · filed 2026-05-22

Profitability ★★★★☆position among all companies 8.1%
Growth (revenue, 4-year average) ★★★★☆position among all companies 12.3%
Capital efficiency ★★★★★position among all companies 21.2%

Business activities and revenue composition

Breakdown by business: not published

Revenue and profit

PAPANETS

Period Mar 2025 to Feb 2026Source Annual securities reports

Net sales and operating revenue ¥5.8B　100% Cost of sales ¥3.8B　66% Selling, general and administrative expenses ¥1.5B　26% Operating income ¥0.5B　8%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Salaries and allowances ¥0.4 billion Parent only
Directors' compensations ¥0.2 billion Parent only
Bonuses ¥0.1 billion Parent only
Provision for directors' bonuses ¥58.59 million Parent only
Depreciation ¥36.14 million Parent only
Provision for bonuses ¥13.48 million Parent only
Profit by stage Gross profit (loss) ¥1.9 billion Parent only
Operating income ¥0.5 billion Parent only
Ordinary income ¥0.5 billion Parent only

PAPANETS

Selling, general and administrative expenses

Period Mar 2025 to Feb 2026Source Annual securities reports

Salaries and allowances ¥0.4 billion (28.3%)28%Directors' compensations ¥0.2 billion (13.3%)13%Bonuses ¥0.1 billion (8.7%)9%Provision for directors' bonuses ¥0.1 billion (3.9%)Depreciation ¥0.0 billion (2.4%)Provision for bonuses ¥0.0 billion (0.9%)Other (not itemized) ¥0.6 billion (42.4%)42%¥1.5B
  • Salaries and allowances　¥0.4 billion
  • Directors' compensations　¥0.2 billion
  • Bonuses　¥0.1 billion
  • Provision for directors' bonuses　¥0.1 billion
  • Depreciation　¥0.0 billion
  • Provision for bonuses　¥0.0 billion
  • Other (not itemized)　¥0.6 billion

Performance, financial position and capital allocation

Finance
62.4% Net assets to total assets Industry median 56.5% FY ending 2/2026 · consolidated / calculated
¥842.49 Net assets per share
¥2.6 billion Total assets
Capital allocation
41.3% Cash conversion Industry median 149.2% FY ending 2/2026 · consolidated / calculated

Long-term changes in performance

Period 2017 to 2026Disclosed

Revenue ×2.81 from 2017 to 2026

PAPANETS

Long-term revenue, profit and asset trends

Period 2017 to 2026Source Annual securities reportsDisclosed

Mark on the chart
6 4 2 0 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Ordinary income 2018　Ordinary income (loss) as a share of revenue -2.1 points 2019　Net sales year on year +23.5% 2020　Net sales year on year +28.5%, Ordinary income (loss) as a share of revenue +3.7 points 2021　Ordinary income (loss) as a share of revenue -2.5 points 2022　Ordinary income (loss) as a share of revenue +2.3 points 6Latest value 2026 6¥ billion 6Highest in the period shown 2026 6¥ billion 2Lowest in the period shown 2017 2¥ billion ¥ billion

PAPANETS

Recent performance trends

Source Annual securities reports

6 4 2 0 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2017 to 2026Disclosed

Item20222023202420252026
Net sales ¥3.6B ¥4.0B ¥4.5B ¥5.4B ¥5.8B
Year on year (%) +2.5% +10.4% +12.1% +19.5% +7.5%
Ordinary income (loss) ¥0.2B ¥0.3B ¥0.3B ¥0.4B ¥0.5B
Change from prior year +54.5% +21.1% +16.2% +7.8% +25.1%
Ordinary income (loss) as a share of Net sales 6.7% 7.3% 7.6% 6.9% 8.0%
Change (percentage points) +2.3 points◆ +0.6 points +0.3 points -0.7 points +1.1 points

Fiscal periods marked for changes

Earlier fiscal periods (2)
  • 2018Ordinary income (loss) as a share of revenue -2.1 points
  • 2019Net sales year on year +23.5%
  • 2020Net sales year on year +28.5%, Ordinary income (loss) as a share of revenue +3.7 points
  • 2021Ordinary income (loss) as a share of revenue -2.5 points
  • 2022Ordinary income (loss) as a share of revenue +2.3 points

PAPANETS

Earnings and net assets per share over time

Unit yenSource Annual securities reports

166 111 55 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 842 562 281 -0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

PAPANETS

Return on equity over time

Unit %Source Annual securities reports

24 16 8 0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Parent only indicators (18 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥3.6 billion ¥4.0 billion ¥4.5 billion ¥5.4 billion ¥5.8 billion
Ordinary income (loss) ¥0.2 billion ¥0.3 billion ¥0.3 billion ¥0.4 billion ¥0.5 billion
Net income (loss) ¥0.2 billion ¥0.2 billion ¥0.2 billion ¥0.3 billion ¥0.3 billion
Capital stock ¥50.00 million ¥50.00 million ¥50.00 million ¥50.00 million ¥0.1 billion
Total number of issued shares (common stock) 172,500 shares 172,500 shares 172,500 shares 1,725,000 shares 2,032,000 shares
Net assets ¥0.8 billion ¥1.0 billion ¥1.0 billion ¥1.3 billion ¥1.6 billion
Total assets ¥2.0 billion ¥2.1 billion ¥2.1 billion ¥2.4 billion ¥2.6 billion
Net assets per share 438.53 yen 550.84 yen 657.18 yen 795.74 yen 842.49 yen
Dividend per share 50 yen 70 yen 200 yen 138 yen 50 yen
Interim dividend per share Could not be retrieved Could not be retrieved 100 yen 120 yen 30 yen
Basic earnings (loss) per share 91.06 yen 117.32 yen 137.21 yen 160.57 yen 166.4 yen
Equity-to-asset ratio 38.1% 45.4% 49.2% 53.6% 62.4%
Return on equity 23.1% 23.7% 23.5% 22.1% 21.2%
Payout ratio 5.5% 6.0% 14.6% 18.7% 30.0%
Net cash provided by (used in) operating activities ¥0.1 billion ¥0.4 billion ¥0.3 billion ¥0.3 billion ¥0.2 billion
Net cash provided by (used in) investing activities ¥-25.05 million ¥-0.1 billion ¥-0.1 billion ¥-0.1 billion ¥-0.3 billion
Net cash provided by (used in) financing activities ¥-0.2 billion ¥-0.2 billion ¥-0.3 billion ¥-0.2 billion ¥-0.1 billion
Cash and cash equivalents ¥0.9 billion ¥1.0 billion ¥0.9 billion ¥0.9 billion ¥0.7 billion

Dividend history

Source: reporting company’s key figures, annual securities reports · 10 years (2017 to 2026)Parent-onlyDisclosed

0 periods Consecutive increases (own definition) through FY ending 2/2026
1 periods Consecutive periods with dividends (site definition) through FY ending 2/2026
No comparison with the previous year Dividend growth (year on year)
Fewer than six years Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 2/2026 ¥50 ¥30 30.0%
FY ending 2/2025 ¥138 ¥120 18.7% Stock split or share consolidation noted
FY ending 2/2024 ¥200 ¥100 14.6%
FY ending 2/2023 ¥70 Could not be retrieved 6.0%
FY ending 2/2022 ¥50 Could not be retrieved 5.5%
FY ending 2/2021 ¥40 Could not be retrieved 6.2%
FY ending 2/2020 ¥50 Could not be retrieved 4.9%
FY ending 2/2019 ¥30 Could not be retrieved 8.8%
FY ending 2/2018 ¥25 Could not be retrieved 11.1% Stock split or share consolidation noted
FY ending 2/2017 ¥7,000 Could not be retrieved 6.1%

PAPANETS

Dividends per share over time

Unit yenSource Annual securities reports

200 133 67 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-02-28Disclosed

Share ownership by holder category

977 Shareholders
0.00% Foreign holders (total) Industry median 2.40%
65.26% Individuals and others Industry median 37.20%

PAPANETS

Unit %Source Annual securities reports

  • Securities firms0.26%
  • Other corporations34.48%
  • Foreign holders (individuals)0.00%
  • Individuals and others65.26%

Major shareholders

RankShareholderShareholding ratioShares held
1 株式会社花明 28.69% 550,000
2 伊藤裕昭 9.57% 183,500
3 二田泰久 8.69% 166,500
4 宮﨑恵子 7.8% 149,500
5 柳澤謙介 6.86% 131,500
6 早坂貴幸 6.08% 116,500
7 中本久富 3.6% 69,000
8 佐々木透 2.02% 38,800
9 松本寝具株式会社 1.51% 29,000
10 双栄興業株式会社 1.41% 27,000

Revenue scale in the same industry

PAPANETS

Source Annual securities reports of each company

Warehousing and Harbor Transportation Services: 45 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

Workforce information

Source: Annual Securities Report (Mar 2025 to Feb 2026)Parent-onlyDisclosed

106 Employees (parent only) Industry median 331
43.5 Average age Industry median 41.6
5.8 years Average length of service Industry median 15.9 years
¥5.34 million Average annual salary Industry median ¥6.47 million
People and organisation
54.4¥ million Sales per employee Industry median 47.9¥ million FY ending 2/2026 · parent company only / calculated
¥4.39 million Operating income per employee

Audit and disclosure information

Annual securities report, year ended 2026-02-28Disclosed

ItemValue
Audit firm Mooreみらい監査法人
Audit fees (this year, filing company) ¥18.00 million
Non-audit fees (this year, total) Not applicable
Going concern note Cannot be determined
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (18 items)

ItemValueConsolidated / Non-consolidated
Dividend per share 50 yen Parent only
Net cash provided by (used in) operating activities ¥0.2 billion Parent only
Net sales ¥5.8 billion Parent only
Net income (loss) ¥0.3 billion Parent only
Net cash provided by (used in) investing activities ¥-0.3 billion Parent only
Cash and cash equivalents ¥0.7 billion Parent only
Total number of issued shares (common stock) 2,032,000 shares Parent only
Net assets ¥1.6 billion Parent only
Ordinary income (loss) ¥0.5 billion Parent only
Total assets ¥2.6 billion Parent only
Return on equity 21.2% Parent only
Equity-to-asset ratio 62.4% Parent only
Net cash provided by (used in) financing activities ¥-0.1 billion Parent only
Capital stock ¥0.1 billion Parent only
Payout ratio 30.0% Parent only
Interim dividend per share 30 yen Parent only
Basic earnings (loss) per share 166.4 yen Parent only
Net assets per share 842.49 yen Parent only

Employees (5 items)

ItemValueConsolidated / Non-consolidated
Average length of service (years) 5.8 years Parent only
Average annual salary ¥5.34 million Parent only
Average age (years) 43.5 years old Parent only
Number of employees 106 people Parent only
Number of employees 106 people Parent only

Shares (11 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 1,461,300 shares Consolidated
Total number of shares held treasury shares etc 115,000 shares Consolidated
Number of issues whose number of shares increased shares not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Total acquisition cost for increased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥50.00 million Consolidated
Number of shares 2,032,000 shares Consolidated
Shareholding ratio treasury shares etc 5.7% Consolidated
Shareholding ratio 76.2% Consolidated
Number of shares held in own name treasury shares etc 115,000 shares Consolidated
Number of voting rights 19,170 units Consolidated
Carrying amount on the balance sheet ¥0.1 billion Consolidated
Number of issues 2 issues Consolidated

Audit (1 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥18.00 million Consolidated

Balance sheet (58 items)

ItemValueConsolidated / Non-consolidated
Other ¥3.61 million Parent only
Other ¥0.25 million Parent only
Other ¥0.84 million Parent only
Other ¥0.94 million Parent only
Other capital surplus ¥0.1 billion Parent only
Software ¥0.1 billion Parent only
Software in progress ¥0.1 billion Parent only
General reserve ¥2.00 million Parent only
Retained earnings ¥1.4 billion Parent only
Legal retained earnings ¥10.21 million Parent only
Advances received ¥1.97 million Parent only
Prepaid expenses ¥36.77 million Parent only
Advance payments trade ¥27.11 million Parent only
Merchandise ¥66.73 million Parent only
Right of trademark ¥0.69 million Parent only
Non-current liabilities ¥0.1 billion Parent only
Non-current assets ¥0.8 billion Parent only
Land ¥0.3 billion Parent only
Accounts receivable - trade ¥0.9 billion Parent only
Tools, furniture and fixtures ¥6.20 million Parent only
Buildings, net ¥0.1 billion Parent only
Construction in progress ¥4.00 million Parent only
Provision for directors' bonuses ¥58.59 million Parent only
Investments and other assets ¥0.2 billion Parent only
Investment securities ¥0.1 billion Parent only
Lease and guarantee deposits ¥26.57 million Parent only
Property, plant and equipment ¥0.4 billion Parent only
Income taxes payable ¥74.71 million Parent only
Accrued consumption taxes ¥31.01 million Parent only
Accrued expenses ¥0.4 billion Parent only
Shareholders' equity ¥1.6 billion Parent only
Machinery and equipment, net ¥3.27 million Parent only
Current liabilities ¥0.8 billion Parent only
Current assets ¥1.7 billion Parent only
Accumulated depreciation ¥-0.1 billion Parent only
Intangible assets ¥0.3 billion Parent only
Cash and cash equivalents ¥0.7 billion Parent only
Cash and deposits ¥0.7 billion Parent only
Net assets ¥1.6 billion Parent only
Net assets ¥1.6 billion Parent only
Total assets ¥2.6 billion Parent only
Deferred tax assets ¥35.85 million Parent only
Retained earnings brought forward ¥1.4 billion Parent only
Treasury stock ¥-95.45 million Parent only
Liabilities ¥1.0 billion Parent only
Liabilities and net assets ¥2.6 billion Parent only
Supplies ¥7.89 million Parent only
Accounts payable - trade ¥0.1 billion Parent only
Capital surplus ¥0.2 billion Parent only
Legal capital surplus ¥52.91 million Parent only
Capital stock ¥0.1 billion Parent only
Provision for bonuses ¥13.48 million Parent only
Vehicles, net ¥2.11 million Parent only
Long-term loans payable ¥0.1 billion Parent only
Long-term prepaid expenses ¥0.15 million Parent only
Telephone subscription right ¥0.45 million Parent only
Deposits received ¥32.32 million Parent only
Current portion of long-term loans payable ¥88.94 million Parent only

Statement of income (38 items)

ItemValueConsolidated / Non-consolidated
Other ¥1.08 million Parent only
Other ¥0.28 million Parent only
Listing related expenses-NOE ¥8.71 million Parent only
Dividends from surplus ¥-86.22 million Parent only
Subsidy income ¥2.50 million Parent only
Interest income ¥0.51 million Parent only
Commission fee ¥2.24 million Parent only
Dividend income ¥2,000 Parent only
Operating income ¥0.5 billion Parent only
Non-operating income ¥6.63 million Parent only
Non-operating expenses ¥10.73 million Parent only
Net cash provided by (used in) operating activities ¥0.2 billion Parent only
Cost of sales ¥3.8 billion Parent only
Gross profit (loss) ¥1.9 billion Parent only
Net sales ¥5.8 billion Parent only
Net income (loss) ¥0.3 billion Parent only
Net income (loss) ¥0.3 billion Parent only
Directors' compensations ¥0.2 billion Parent only
Provision for directors' bonuses ¥58.59 million Parent only
Net cash provided by (used in) investing activities ¥-0.3 billion Parent only
Interest expenses ¥1.74 million Parent only
Issuance of new shares ¥64.40 million Parent only
Issuance of new shares ¥41.42 million Parent only
Income taxes - current ¥0.1 billion Parent only
Income taxes ¥0.2 billion Parent only
Income taxes - deferred ¥31.32 million Parent only
Depreciation ¥36.14 million Parent only
Foreign exchange gains ¥0.30 million Parent only
Effect of exchange rate change on cash and cash equivalents ¥0.30 million Parent only
Net increase (decrease) in cash and cash equivalents ¥-0.2 billion Parent only
Income (loss) before income taxes ¥0.5 billion Parent only
Income (loss) before income taxes ¥0.5 billion Parent only
Ordinary income ¥0.5 billion Parent only
Salaries and allowances ¥0.4 billion Parent only
Net cash provided by (used in) financing activities ¥-0.1 billion Parent only
Selling, general and administrative expenses ¥1.5 billion Parent only
Bonuses ¥0.1 billion Parent only
Provision for bonuses ¥13.48 million Parent only

Accounts unique to this company (2 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥20.25 million Parent only
Revenue ¥0.78 million Parent only

Statement of changes in equity (2 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥0.3 billion Parent only
Net changes in items other than shareholders' equity ¥-0.02 million Parent only

Statement of cash flows (27 items)

ItemValueConsolidated / Non-consolidated
Other ¥22.44 million Parent only
Increase decrease in notes and accounts payable trade ¥28.11 million Parent only
Interest expenses paid ¥-1.51 million Parent only
Interest and dividends income received ¥0.51 million Parent only
Decrease (increase) in advance payments to suppliers ¥-27.11 million Parent only
Interest and dividend income ¥-0.51 million Parent only
Decrease increase in notes and accounts receivable trade ¥-0.2 billion Parent only
Subtotal ¥0.3 billion Parent only
Increase decrease in provision for directors bonuses ¥21.74 million Parent only
Increase decrease in provision for directors retirement benefits ¥-0.1 billion Parent only
Purchase of investment securities ¥-50.00 million Parent only
Interest expenses ¥1.74 million Parent only
Payments for lease and guarantee deposits ¥-4.12 million Parent only
Proceeds from exercise of share acquisition rights ¥41.40 million Parent only
Purchase of property plant and equipment ¥-92.69 million Parent only
Decrease in consumption taxes payable ¥-11.81 million Parent only
Increase/(decrease) in accounts payable - expenses ¥49.34 million Parent only
Proceeds from issuance of common stock ¥52.85 million Parent only
Share-based payment expenses ¥15.19 million Parent only
Decrease (increase) in inventories ¥-18.75 million Parent only
Income taxes paid ¥-0.1 billion Parent only
Depreciation ¥60.25 million Parent only
Foreign exchange loss (gain) ¥-0.30 million Parent only
Purchase of intangible assets ¥-0.1 billion Parent only
Increase (decrease) in provision for bonuses ¥-0.04 million Parent only
Dividends ¥-86.21 million Parent only
Repayment of long term loans payable ¥-0.1 billion Parent only
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥0.2 billion Parent onlyDisclosed
Dividend per share 50 Parent onlyDisclosed
Number of employees 106 Parent onlyDisclosed
Net assets ¥1.6 billion Parent onlyDisclosed
Net sales ¥5.8 billion Parent onlyDisclosed
Operating income ¥0.5 billion Parent onlyDisclosed
Ordinary income ¥0.5 billion Parent onlyDisclosed
Total assets ¥2.6 billion Parent onlyDisclosed
Operating margin 8.1%Parent onlyCalculated
Net margin Not disclosedNot applicableNot calculated (a required value is not disclosed)
Sales per employee 54444651 yenParent onlyCalculated
Total asset turnover 2.23 timesParent onlyCalculated
Net assets to total assets 62.4%Parent onlyCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 8.1%　Operating income ÷ net sales 　＝ ¥0.5 billion ÷ ¥5.8 billion
    Operating income ÷ net sales. The denominator is Net sales (Parent only, Japanese GAAP).
  • Sales per employee 54,444,651 yen　Sales or operating revenue ÷ employees 　＝ ¥5.8 billion ÷ 106 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Parent only, Japanese GAAP).
  • Total asset turnover 2.23 times　Sales or operating revenue ÷ total assets 　＝ ¥5.8 billion ÷ ¥2.6 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Parent only, Japanese GAAP).
  • Net assets to total assets 62.4%　Net assets ÷ total assets 　＝ ¥1.6 billion ÷ ¥2.6 billion
    Net assets ÷ total assets. The denominator is Total assets (Parent only, Japanese GAAP).

Company details

  • Representative　President, Representative Director, gBizINFO

Business activities and revenue composition

  • Breakdown by business: machine transcription of segment information (business divisions used in disclosures) in the annual securities report. No table where segment sales differ from the disclosed total by more than 1%, or where the company reports a single business

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Net assets per share　Parent only
  • Total assets　Parent only

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2017

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

  • Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above. Flagged 2 years: a note about a stock split or share consolidation, or a period other than 12 months. No calculation across those years, as the dividend per share may rest on a different share base.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Warehousing and Harbor Transportation Services that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Industry median: the middle value among companies in Warehousing and Harbor Transportation Services that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of PAPANETS CO.,Ltd. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 9030001067804 / Accounting standard: Japanese GAAP

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork