Japan Pulp and Paper Company Limited reported consolidated earnings results for the first quarter ended June 30, 2017. For the three months, the company reported net sales of JPY 122,308 million, operating income of JPY 2,308 million, ordinary income of JPY 2,521 million and profit attributable to owners of the parent of JPY 2,591 million or JPY 17.60 per diluted share against net sales of JPY 119,326 million, operating income of JPY 1,583 million, ordinary income of JPY 1,914 million and profit attributable to owners of the parent of JPY 1,094 million or JPY 7.91 per diluted share for the same period a year ago. Profit before income taxes was JPY 3,773 million against JPY 1,785 million a year ago.

For the full year ending March 31, 2018, the company expects net sales to be JPY 530,000 million, operating income to be JPY 9,500 million, ordinary income to be JPY 9,000 million, profit attributable to owners of parent to be JPY 5,200 million or JPY 355.68 per share.