Japan Pulp and Paper Company Limited announced consolidated earnings results for the six months ended September 30, 2019. For the six months, the company's net sales were JPY 264,384 million compared to JPY 259,927 million a year ago. Operating profit was JPY 5,544 million compared to JPY 5,160 million a year ago. Profit was JPY 3,995 million compared to JPY 3,601 million a year ago. Basic earnings per share was JPY 238.54 compared to JPY 210.16 a year ago. Diluted earnings per share was JPY 237.48 compared to JPY 208.95 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 560,000 million, operating profit of JPY 13,300 million, profit attributable to owners of parent of JPY 7,500 million and basic earnings per share of JPY 532.18.