Nippon Paper Industries Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2014
Nippon Paper Industries Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2013. For the period, the company reported net income of ¥14,995 million or ¥129.51 per share, operating income of ¥17,913 million on net sales of ¥801,886 million compared to net income of ¥7,453 million or ¥64.37 per share, operating income of ¥17,515 million on net sales of ¥770,986 million for the same period a year ago. Income before income taxes and minority interests in consolidated subsidiaries was ¥24,562 million compared to ¥10,654 million for the same period a year ago. Net cash provided by operating activities was ¥29,905 million compared to ¥12,409 million for the same period a year ago. Amount spent on purchases of noncurrent assets was ¥25,500 million compared to ¥26,860 million for the same period a year ago.
For the fiscal year ending March 31, 2014, the company expected net income of ¥15,000 million or ¥129.55 per share, operating income of ¥30,000 million and net sales of ¥1,070,000 million.