Japan Pulp and Paper Company Limited announced consolidated earnings results for the nine months ended December 31, 2019. For the nine months, the company's net sales were JPY 401,077 million compared to JPY 405,536 million a year ago. Operating profit was JPY 9,123 million compared to JPY 8,882 million a year ago. Profit was JPY 6,753 million compared to JPY 6,186 million a year ago. Basic earnings per share was JPY 394.80 compared to JPY 353.92 a year ago. Diluted earnings per share was JPY 393.08 compared to JPY 351.90 a year ago.

The company provided earnings guidance for the year ending March 31, 2020. For the year, the company expects net sales of JPY 545,000 million, operating profit of JPY 10,500 million, profit attributable to owners of parent of JPY 5,500 million and basic earnings per share of JPY 395.45.