Heiwa Paper Co. Ltd. Reports Consolidated Earnings Results for the Quarter Ended June 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
August 08, 2019 at 03:00 am EDT
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Heiwa Paper Co. Ltd. reported consolidated earnings results for the quarter ended June 30, 2019. For the quarter, on consolidated basis, the company's net sales were JPY 4,484 million against JPY 4,549 million a year ago. Operating loss was JPY 5 million against profit of JPY 12 million a year ago. Profit attributable to owners of parent was JPY 19 million against JPY 23 million a year ago. Basic earnings per share were JPY 2.00 against JPY 2.43 a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2020. For the year, the company expects to report net sales of JPY 19,400 million, operating income of JPY 260 million and profit attributable to owners of parent of JPY 238 million or JPY 24.68 per basic share.
HEIWA PAPER CO.,LTD. is engaged in the Japanese paper and Western paper wholesale business. The Japanese and Western paper wholesale business sells Japanese and Western paper. The warehousing and paper processing business is involved in the delivery, storage and packing of its products, as well as the paper processing business.
Heiwa Paper Co. Ltd. Reports Consolidated Earnings Results for the Quarter Ended June 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
HEIWA PAPER CO.,LTD. 
