Mitsubishi Paper Mills Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 49,283 million, operating loss of JPY 656 million, ordinary loss of JPY 597 million and loss attributable to owners of the parent of JPY 787 million or JPY 23.3 per share as compared to net sales of JPY 50,919 million, operating income of JPY 518 million, ordinary loss of JPY 653 million and loss attributable to owners of the parent of JPY 1,136 million or JPY 33.23 per share for the same period a year ago. Loss before income taxes and minority interests was JPY 449 million compared to JPY 807 million a year ago.
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For the fiscal year ending March 31, 2018, the company expects net sales of JPY 205,000 million, operating income of JPY 4,000 million, ordinary income of JPY 2,500 million and profit attributable to owners of the parent of JPY 1,500 million or JPY 43.88 per share.