Overview
Pulp and Paper

SHOWA PAXXS CORPORATION

Showa Paxxs is a leading manufacturer of industrial packaging materials in Japan, specializing in heavy-duty kraft paper bags used for chemicals, cement, agricultural products, fertilizers, and food products. The company also produces flexible containers (FIBCs/bulk bags), industrial and agricultural films, and filling/sealing machinery systems. Its product portfolio serves a broad range of industries including petrochemicals, construction materials, agriculture, and food processing.

Market Cap
¥13.2B
US$84.1M
EV
¥-4.35B
-US$27.7M
Stock¥3,010▼-3.06%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
8.9
x
LTM PBR
0.5
x
2026-08-25 closing price basis: ranked #35 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-37B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.6%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
13.2BUS$84.1MMarket Cap1.20BUS$7.61M+ Debt9.67BUS$61.6M− Cash9.38BUS$59.7M− Inv. Sec.0.29BUS$1.82M+ NCI-4.35B-US$27.7MEV
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Performance & Balance
Revenue 5Y (¥B)
21.6US$138M'22/322.3US$142M'23/321.7US$138M'24/323.3US$148M'25/323.6US$150M'26/3
EBITDA 5Y (¥B)
1.98US$12.6M'22/31.71US$10.9M'23/31.64US$10.5M'24/32.08US$13.2M'25/32.39US$15.2M'26/3
Net Income 5Y (¥B)
1.10US$7.02M'22/30.95US$6.03M'23/30.96US$6.13M'24/31.32US$8.40M'25/31.28US$8.17M'26/3
Capital Structure
96%
EquityD/E 0.04xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
14.1US$89.5M1.13US$7.17M'22/314.1US$89.8M1.29US$8.20M'23/315.8US$101M1.24US$7.91M'24/314.7US$93.9M1.21US$7.71M'25/317.8US$113M1.20US$7.67M'26/3
Shareholders
Top 10 hold 58.3%
1
Sun A.Kaken Company,Limited
19.30%
2
SHINSEI PULP&PAPER COMPANY LIMITED
19.10%
3
Japan Securities Finance Co.,Ltd.
4.80%
4
MUFG Bank, Ltd.
3.10%
5
Tokushu Tokai Paper Co.,Ltd.
3.00%
6
MATSUI SECURITIES CO.,LTD.
2.50%
7
Mizuho Bank, Ltd.
1.80%
8
The Norinchukin Bank
1.70%
9
The Bank of Kagoshima, Ltd.
1.60%
10
SHOWA PAXXS CORPORATION Employee Stock Ownership Association
1.40%
Management
10 officers
Koichi ONODERA
Representative Director, President and General Manager, Production Division
Mar 1987: Joined Showa Pax Jun 2010: General Manager, Sales Planning and Development Department Jun 2016: Executive Officer, General Manager, Film Business Planning Department Jun 2017: Director, General Manager, Film Business Planning Department Jun 2021: Representative Director, President and General Manager, Production Division (current)
1963-04-15
Takeshi YUGUCHI
Director, General Manager, Sales Division
Mar 1991: Joined Showa Pax Mar 2014: General Manager, Chubu Branch Jun 2021: Director, General Manager, Sales Division (current) Jun 2022: Corporate Auditor, Sanei Kaken Co., Ltd. (current)
1967-01-07
Takao SHIMIZU
Director, General Manager, Administration Division
Mar 1994: Joined Showa Pax Mar 2015: General Manager, Kameyama Plant Mar 2019: General Manager, General Affairs and Human Resources Department Jun 2021: Executive Officer, General Manager, General Affairs and Human Resources Department Jun 2022: General Manager, Administration Division and Executive Officer, General Manager, General Affairs and Human Resources Department Jun 2023: Director, General Manager, Administration Division and General Manager, General Affairs and Human Resources Department (current) Jun 2024: Corporate Auditor, Shinsei Paper Pulp Trading Co., Ltd. (current)
1970-05-23
Hideomi TAKU
Director
Mar 1994: Joined Showa Pax Mar 2016: General Manager, Materials Department Jun 2021: Executive Officer, General Manager, Materials Department Jun 2023: Director and General Manager, Materials Department (current)
1969-09-17
Kensuke HANAI
Director
Mar 1995: Joined Showa Pax Jun 2019: General Manager, Bag-Making Technology Department Jun 2021: Executive Officer, General Manager, Bag-Making Technology Department Mar 2022: Executive Officer, General Manager, Resin Products Technology Department and General Manager, Bag-Making Technology Department Jun 2023: Director, Deputy General Manager, Production Division, General Manager, Resin Products Technology Department and General Manager, Bag-Making Technology Department Jun 2024: Director, Deputy General Manager, Production Division, General Manager, Resin Products Technology Department, General Manager, Bag-Making Technology Department and General Manager, Kakegawa Plant Mar 2026: Director, Deputy General Manager, Production Division, General Manager, Resin Products Technology Department and General Manager, Bag-Making Technology Department (current)
1970-05-19
Satoshi OTACHI
Director
Apr 1981: Joined Pioneer Corporation Jun 2013: Executive Officer, Pioneer Corporation Jun 2015: Managing Executive Officer, Pioneer Corporation Jun 2017: Director and Managing Executive Officer, Pioneer Corporation Apr 2020: Advisor, Pioneer Corporation Jun 2021: Advisor, Shizuoka Kikai Seisakusho Co., Ltd. Jun 2021: Director, Showa Pax (current)
1959-01-03
Tetsuro AKAGI
Director
Apr 1983: Joined NEC Corporation (NEC) Jan 2014: President, NEC Australia Pty Ltd Apr 2016: Executive Officer, NEC Corporation, and CEO, NEC Asia Pacific Pte Ltd (APAC), regional holding company Apr 2020: Chairman and Representative Director, NEC Taiwan and NEC Korea Jun 2023: Director, Showa Pax (current)
1960-06-29
Yoshiaki KAMIKAWA
Full-time Corporate Auditor
Mar 1986: Joined Showa Pax Jun 2008: General Manager, Toyama Plant Jun 2010: General Manager, Kameyama Plant Mar 2015: General Manager, General Affairs and Human Resources Department Mar 2019: Head, Management Planning Office Jun 2021: Executive Officer, Head, Management Planning Office Jun 2023: Representative Director, Nesco Co., Ltd. Jun 2024: Full-time Corporate Auditor, Showa Pax (current)
1964-03-14
Makio INOUE
Corporate Auditor
Nov 1993: Joined Okamoto Co., Ltd. (now Shinsei Paper Pulp Trading Co., Ltd.) Jun 2015: General Manager, Audit Department, Okamoto Co., Ltd. Jun 2021: Full-time Corporate Auditor, Shinsei Paper Pulp Trading Co., Ltd. (current) Jun 2022: Corporate Auditor, Sanei Kaken Co., Ltd. (current) Jun 2022: Corporate Auditor, Showa Pax (current)
1965-01-15
Seiichi SATO
Corporate Auditor
Apr 1983: Joined Sanei Kagaku Kogyo Co., Ltd. (now Sanei Kaken Co., Ltd.) Apr 2012: General Manager, Tokyo Sales Division No. 1, Sanei Kaken Co., Ltd. Apr 2016: General Manager, Human Resources Department, Sanei Kaken Co., Ltd. Apr 2017: General Manager, Human Resources and General Affairs Department, Sanei Kaken Co., Ltd. Jun 2020: Corporate Auditor, Sanei Kaken Co., Ltd. (current) Jun 2020: Corporate Auditor, Nesco Co., Ltd. (current) Corporate Auditor, Shinsei Paper Pulp Trading Co., Ltd. (current) Jun 2023: Corporate Auditor, Showa Pax (current)
1961-02-27
Large Shareholding Reports
Kankuro UEJIMA
2026-03-31
3.83%→4.71%
Kankuro UEJIMA
2025-12-19
0.00%→3.83%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-05
株主総会招集通知
EDINET
2026-03-31
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-19
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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