Mitsubishi Paper Mills Limited Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
Mitsubishi Paper Mills Limited reported consolidated earnings results for the year ended March 31, 2017. For the period, the company has posted net sales of ¥201,955 million against ¥216,340 million a year ago. Operating income was ¥4,313 million against ¥3,872 million a year ago. Profit attributable to owners of parent was ¥1,152 million against ¥2,217 million a year ago. Earnings per share were ¥33.72 against ¥64.85 a year ago. Cash flows from operating activities were ¥19,839 million against ¥12,626 million a year ago. Purchase of property, plant and equipment and intangible assets was ¥4,196 million against ¥6,120 million a year ago. Purchase of investment securities was ¥28 million against ¥142 million a year ago.
For the fiscal year ending March 31, 2018, the company expects net sales of ¥205,000 million, operating income of ¥4,000 million; profit attributable to owners of parent was ¥1,500 million or ¥43.88 per share.