Heiwa Paper Co.,Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the year, on consolidated basis, the company's net sales were JPY 19,110 million against JPY 19,050 million a year ago. Operating income was JPY 254 million against JPY 210 million a year ago. Profit attributable to owners of parent was JPY 225 million against JPY 288 million a year ago. Basic earnings per share were JPY 23.35 against JPY 29.68 a year ago.

For the year, on non-consolidated basis, the company's net sales were JPY 18,014 million against JPY 17,983 million a year ago. Operating income was JPY 221 million against JPY 195 million a year ago. Profit was JPY 214 million against JPY 82 million a year ago. Basic earnings per share were JPY 22.14 against JPY 8.46 a year ago.

The company provided consolidated earnings guidance for the year ending March 31, 2020. For the year, the company expects to report net sales of JPY 19,400 million, operating income of JPY 260 million and profit attributable to owners of parent of JPY 238 million or JPY 24.68 per basic share.

The company announced a year-end dividend of JPY 5.00 per share for the year ended March 31, 2019. The dividend payable date (as planned) is June 28, 2019.

The company provided dividend guidance for the second quarter of fiscal 2020 and fiscal year ending March 31, 2020. The company expects to pay a dividend of JPY 5.00 per share for the end of second quarter of fiscal 2020.

The company expects to pay a dividend of JPY 5.00 per share for the fiscal year ending March 2020.