Planted forests are in the utilisation phase in Japan, contributing to the increased use of timber and the realisation of carbon neutrality. We simulated and compared the carbon emission reduction effects of three forest management scenarios, including a no final cutting scenario at two geographical scales, in the context of a privately owned Cryptomeria japonica planted forest in Tsuruoka City, Yamagata Prefecture, Japan. We adopted two substitution approaches: the status quo approach and the dynamic approach in line with Japan’s nationally determined contribution. We used hypothetical stands over three rotation periods of 150 years at the stand level, and a harvest schedule of 120 years at the regional level. The harvesting scenarios based on the status quo substitution approach reduced carbon emissions more than the no final cutting scenario for current wood usage at the study site, although those based on the dynamic substitution approach reduced carbon emissions as much as the no final cutting scenario during the first 30 years. Sustainable timber production from forests may reduce carbon emissions as much as unharvested forests until 2050, indicating that the substitution effects of harvested wood products could have a significant impact on the climate change mitigation effect arising from timber.