Nippon Paper Industries Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
February 06, 2019 at 07:06 am
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Nippon Paper Industries Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2018. For the period, the company reported net sales of JPY 801,738 million, operating income of JPY 11,353 million, ordinary income of JPY 14,466 million, loss attributable to owners of JPY 38,923 million or JPY 336.34 per share against reported net sales of JPY 782,602 million, operating income of JPY 11,598 million, ordinary income of JPY 13,440 million, profit attributable to owners of JPY 7,686 million or JPY 66.41 per share a year ago. Loss for the period was JPY 38,923 million against profit of JPY 7,686 million a year ago.
The company revised consolidated earnings guidance for the fiscal year ending March 31, 2019. The company now expects net sales of JPY 1,080,000 million, operating income of JPY 18,000 million, ordinary income of JPY 21,000 million, loss attributable to owners of JPY 40,000 million or JPY 345.64 per share compared to previous forecast of net sales of JPY 1,080,000 million, operating income of JPY 20,000 million, ordinary income of JPY 23,000 million, loss attributable to owners of JPY 8,000 million or JPY 69.13 per share.
Nippon Paper Industries Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of paper and pulp, paper related business, lumber, construction materials and engineering related business. The Company operates in three business segments. The Paper and Pulp segment manufactures and sells western paper, pulp, paper for home use, as well as the paper raw materials. The Paper-related segment manufactures and sells paper processed products, chemical products. The Lumber, Construction Materials and Civil Engineering-related segment purchases and sells lumber and construction materials, manufactures and sells construction materials, as well as involves in the civil engineering business.
Nippon Paper Industries Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019