Heiwa Paper Co.,Ltd. reported consolidated and non consolidated earnings results for the year ended March 2015. For the year, on consolidated basis, the company reported net sales of JPY 20,523 million against JPY 20,662 million a year ago. Operating income was JPY 375 million against JPY 368 million a year ago. Ordinary income was JPY 404 million against JPY 416 million a year ago. Net income was JPY 221 million or JPY 22.43 per share against JPY 218 million or JPY 22.13 per share a year ago. Cash flows from operating activities was JPY 212 million against JPY 386 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 19,267 million against JPY 19,576 million a year ago. Operating income was JPY 287 million against JPY 304 million a year ago. Ordinary income was JPY 356 million against JPY 385 million a year ago. Net income was JPY 174 million or JPY 17.66 per share against JPY 207 million or JPY 21.07 per share a year ago.

For the six months ending September 2015, the company expects net sales to be JPY 10,247 million, operating income to be JPY 135 million, ordinary income to be JPY 156 million and profit attributable to owners of parent to be JPY 94 million or JPY 9.53 per share.

For the year ending March 2016, the company expects net sales to be JPY 21,055 million, operating income to be JPY 378 million, ordinary income to be JPY 412 million and profit attributable to owners of parent to be JPY 258 million or JPY 26.15 per share.