Heiwa Paper Co.,Ltd. announced consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net sales of JPY 4,830 million against JPY 4,932 million a year ago. Operating income was JPY 30 million against JPY 16 million a year ago. Ordinary income was JPY 51 million against JPY 43 million a year ago. Net income was JPY 30 million against JPY 22 million a year ago. Net income per share was JPY 3.12 against JPY 2.23 a year ago.

The company provided dividend guidance for the second quarter and fiscal year ending March 31, 2015. For the second quarter, the company expects to dividend of JPY 5.00 per share against JPY 5.00 per share paid a year ago.

For the fiscal year ending March 31, 2015, the company expects to pay year-end dividend of JPY 5.00 per share against JPY 5.00 per share paid a year ago.

The company provided consolidated earnings guidance for the first half and fiscal year ending March 31, 2015. For the first half, the company expects net sales of JPY 10,341 million, operating income of JPY 153 million, ordinary income of JPY 167 million, net income of JPY 102 million and net income per share of JPY 10.33.

For the year ending March 31, 2015, the company expects net sales of JPY 21,193 million, operating income of JPY 375 million, ordinary income of JPY 418 million, net income of JPY 225 million and net income per share of JPY 22.80.