Pulp & Paper · Fiscal year end Dec 31

THE PACK CORPORATION

3950

ザ・パック株式会社

FIGI BBG000BS82M83950.T3950 JPCorp. no. 5120001012382

Latest half-year results

First half · fiscal year to 2026-12 · filed 2026-08-10

For the first half of the fiscal year to 2026-12: Revenue ¥50.1 billion (+5.8% YoY), Ordinary income ¥3.1 billion (+1.3% YoY), Net income ¥2 billion (-16.1% YoY).

	This period	Year on year
Revenue	¥50.1bn	+5.8%
Ordinary profit	¥3.1bn	+1.3%
Net profit to owners	¥2.0bn	-16.1%

From the securities report on EDINET, which states no forecast. History via /v1/companies/3950/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2025-12-31

Revenue: ¥103.1bn
Net income: ¥6.0bn
ROE: 8.0%
Equity ratio: 73.9%
Dividend / share: ¥80
Employees: 1,223

Revenue · ¥bn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2025-12-31	¥103.1bn	¥6.0bn	¥104.2bn	¥77.0bn	8.0%	¥107.13	¥6.9bn
2024-12-31	¥101.5bn	¥6.3bn	¥103.3bn	¥74.5bn	8.7%	¥111.17	¥7.1bn
2023-12-31	¥97.7bn	¥5.7bn	¥98.8bn	¥71.2bn	8.3%	¥99.03	¥4.4bn
2022-12-31	¥89.1bn	¥4.1bn	¥94.4bn	¥65.4bn	6.4%	¥71.19	¥5.4bn
2021-12-31	¥79.7bn	¥2.8bn	¥87.4bn	¥62.0bn	4.6%	¥49.57	¥7.2bn

Indicators

Computed by us from filings · fiscal year to 2025-12-31

Metric	Value	Percentile among listed companies
ROE, %	8	45.5
Ordinary margin	0.073	53
Equity ratio, %	73.9	80.9
Revenue growth	0.0164	32.4
Net income growth	-0.0462	31.7
Operating cash flow / assets	0.0658	51.1

Policy-uncertainty measure0.76 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Trade & tariffs 1

Ownership activity 1 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change 0.00pt in 90 days; 9.5% held by other listed companies.

Results wording balance: +0.08. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥462m of reported debt repriced by 50 basis points, a year's interest would rise by ¥2m, 0.0% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/3950/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Share buyback, report to —: ¥2.0bn acquired of a ¥2.0bn limit. /v1/companies/3950/buybacks

Internal control, 2026-03-25: see filing 上記の評価の結果、当事業年度末日時点において、当社の財務報告に係る内部統制は有効であると判断いたしました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Paper Products Business, Chemical Products Business, Other. /v1/companies/3950/segments

Latest voting result: 2026-03-26 · 剰余金処分の件 · passed. /v1/companies/3950/voting

Ownership changes

All companies →

2026-07-31

Amendment+1.02pt

NIPPON ACTIVE VALUE FUND PLC filed a correction to a 5% report on THE PACK CORPORATION (3950).

S100YT98Filer profile Original filing (PDF, Japanese)
2026-07-02

Increase+1.02pt

NIPPON ACTIVE VALUE FUND PLC raised holdings in THE PACK CORPORATION (3950) to 10.08% from 9.06%.

S100YNDPFiler profile Original filing (PDF, Japanese)
2026-07-02

Threshold

Holdings of NIPPON ACTIVE VALUE FUND PLC in THE PACK CORPORATION (3950) moved above 10% (9.06% -> 10.08%).

S100YNDPFiler profile Original filing (PDF, Japanese)
2026-06-19

Amendment−1.11pt

FMR LLC filed a correction to a 5% report on THE PACK CORPORATION (3950).

S100YDJMFiler profile Original filing (PDF, Japanese)
2026-06-19

Decrease−0.32pt

Fidelity Management & Research Company LLC reduced holdings in THE PACK CORPORATION (3950) to 9.68% from 10.00%.

S100YDK2Filer profile Original filing (PDF, Japanese)
2026-06-19

Threshold

Holdings of Fidelity Management & Research Company LLC in THE PACK CORPORATION (3950) moved below 10% (10.00% -> 9.68%).

S100YDK2Filer profile Original filing (PDF, Japanese)
2026-06-19

Amendment−0.24pt

FMR LLC filed a correction to a 5% report on THE PACK CORPORATION (3950).

S100YDK5Filer profile Original filing (PDF, Japanese)
2026-06-19

Amendment0.00pt

FMR LLC filed a correction to a 5% report on THE PACK CORPORATION (3950).

S100YDKBFiler profile Original filing (PDF, Japanese)
2026-06-19

Decrease−1.24pt

Fidelity Management & Research Company LLC reduced holdings in THE PACK CORPORATION (3950) to 8.44% from 9.68%.

S100YEZYFiler profile Original filing (PDF, Japanese)
2026-06-19

Increase+0.21pt

Fidelity Management & Research Company LLC raised holdings in THE PACK CORPORATION (3950) to 8.65% from 8.44%.

S100YF03Filer profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Bought SoldHover a dot for the trade

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
エヌエーブイエフ・セレクト・マスター・ファンド・エルピー(NAVF Select (Master) Fund LP)	2026-02-02 – 2026-06-25	+969,600	+1.58pt	—	—
NIPPON ACTIVE VALUE FUND PLC	2025-09-08 – 2026-06-25	+2,764,000	+4.56pt	¥1,272.73	¥1,273–1,273
Dalton Investments, Inc.	2026-05-07 – 2026-05-13	+73,200	+0.13pt	—	—
NAVF Select LLC	2025-09-08 – 2026-03-06	+1,767,100	+2.92pt	¥1,272.73	¥1,273–1,273

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/3950/trades.

5% filings

Large shareholding reports on 3950

Filed	Filer	Stake	Change	Stated purpose
2026-07-31	NIPPON ACTIVE VALUE FUND PLC	10.08%	+1.02pt	may make proposals
2026-07-02	NIPPON ACTIVE VALUE FUND PLC	10.08%	+1.02pt	may make proposals
2026-06-19	FMR LLC	8.89%	−1.11pt	—
2026-06-19	Fidelity Management & Research Company LLC	9.68%	−0.32pt	—
2026-06-19	FMR LLC	8.65%	−0.24pt	—
2026-06-19	FMR LLC	8.65%	0.00pt	—
2026-06-19	Fidelity Management & Research Company LLC	8.44%	−1.24pt	—
2026-06-19	Fidelity Management & Research Company LLC	8.65%	+0.21pt	—
2026-06-19	Fidelity Management & Research Company LLC	8.65%	0.00pt	—
2026-06-09	NIPPON ACTIVE VALUE FUND PLC	9.06%	+1.01pt	may make proposals

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 51 issues
Book value: ¥4.2bn
Sold in the year: ¥1.8bn 5 issues
Bought in the year: ¥27m 14 issues
Mutual, both reports: 12
Held by listed cos.: 21

Holds	Book value	Shares vs. prior year	Mutual
DAIWA HOUSE INDUSTRY CO., LTD. 1925	¥826m	0.0%	both reports
Hokuetsu Corporation 3865	¥700m	0.0%	both reports
Mitsubishi UFJ Financial Group, Inc. 8306	¥498m	0.0%	no
Sumitomo Realty & Development Co.,Ltd. 8830	¥412m	+100.0%	stated
LOOK HOLDINGS INCORPORATED 8029	¥277m	0.0%	both reports
MARUI GROUP CO.,LTD. 8252	¥243m	0.0%	no
Daio Paper Corporation 3880	¥206m	0.0%	both reports
AEON Co.,Ltd. 8267	¥163m	+200.0%	no
FUJI CO., LTD. 8278	¥91m	+1.9%	both reports
Okura Industrial Co.,Ltd. 4221	¥72m	0.0%	both reports

Held by: Hokuetsu Corporation 3865, Daio Paper Corporation 3880, Oji Holdings Corporation 3861, LOOK HOLDINGS INCORPORATED 8029, Okura Industrial Co.,Ltd. 4221, SAKATA INX CORPORATION 4633, Japan Pulp & Paper Co., Ltd. 8032, artience Co., Ltd. 4634, SEINO HOLDINGS CO.,LTD. 9076, shoei corporation 9385, NICHIBAN CO., LTD 4218, Dynapac Co., Ltd. 3947 and 9 more

Purposes, all holdings and mutual flags via /v1/companies/3950/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2025-12-31

Shareholder	Shares	Ratio
公益財団法人森田記念福祉財団	6,243,000	11.24%
ザ・パック取引先持株会	3,837,000	6.90%
individual holder	3,647,000	6.56%
日本マスタートラスト信託銀行株式会社（その他信託口）（注１）	2,840,000	5.11%
株式会社日本カストディ銀行（りそな銀行再信託分・北越コーポレーション株式会社退職給付信託口）	2,189,000	3.94%
大王製紙株式会社	1,720,000	3.09%
NIPPON ACTIVE VALUE FUND PLC	1,597,000	2.87%
NAVF SELECT LLC	1,597,000	2.87%
七條紙商事株式会社	1,423,000	2.56%
株式会社日本カストディ銀行（その他信託口）（注２）	1,273,000	2.29%

U.S. funds holding 3950

SEC Form N-PORT, reports to 2026-07-31

39 U.S. funds held 6,787,129 shares worth $60.9m.

Fund	Shares	Value	% of fund	As of
Fidelity Low-Priced Stock Fund Fidelity Puritan Trust	3,623,633	$32.9m	0.132%	2026-07-31
Fidelity Low-Priced Stock K6 Fund Fidelity Puritan Trust	676,439	$6.1m	0.134%	2026-07-31
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	609,204	$5.5m	0.001%	2026-07-31
VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS	376,101	$3.1m	0.001%	2026-06-30
THE JAPANESE SMALL COMPANY SERIES DFA INVESTMENT TRUST CO	235,900	$2.1m	0.053%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/3950
GET /v1/companies/3950/financials
GET /v1/companies/3950/details
GET /v1/companies/3950/segments
GET /v1/companies/3950/voting
GET /v1/companies/3950/tender-offers
GET /v1/companies/3950/indicators
GET /v1/companies/3950/earnings-releases
GET /v1/events?ticker=3950
GET /v1/companies/3950/trades         
GET /v1/companies/3950/cross-holdings 
GET /v1/companies/3950/brief

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