Heiwa Paper Co.,Ltd. reported consolidated earnings results for the third quarter ended December 2014. For the quarter, the company reported net sales of JPY 15,054 million against JPY 15,240 million a year ago. Operating income was JPY 234 million against JPY 228 million a year ago. Ordinary income was JPY 260 million against JPY 270 million a year ago. Net income was JPY 159 million or JPY 16.19 per share against JPY 150 million or JPY 15.20 per share a year ago.

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