Mitsubishi Paper Mills Limited Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2019
Mitsubishi Paper Mills Limited reported consolidated earnings results for the year ended March 31, 2018. For the period, the company has reported net sales of ¥201,492 million against ¥201,955 million a year ago. Operating income was ¥1,790 million against ¥4,313 million a year ago. Ordinary income was ¥652 million against ¥2,703 million a year ago. Profit attributable to owners of parent was ¥3,198 million against ¥1,152 million a year ago. Earnings per share were ¥93.57 against ¥33.72 a year ago. Income before income taxes and non-controlling interests was ¥1,749 million against ¥1,585 million a year ago. Cash flows from operating activities were ¥12,809 million against ¥19,839 million a year ago. Purchase of property, plant and equipment and intangible assets was ¥7,822 million against ¥6,120 million a year ago. Purchase of investment securities was ¥25 million against ¥142 million a year ago.
For the fiscal year ending March 31, 2019, the company expects net sales of ¥205,000 million, operating income of ¥1,500 million, ordinary income of ¥500 million; profit attributable to owners of parent of ¥500 million or ¥14.63 per share.