Nippon Paper Industries Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported net sales of JPY 260,864 million compared to JPY 255,639 million a year ago. Operating income was JPY 6,730 million compared to JPY 3,120 million a year ago. Ordinary income was JPY 8,485 million compared to JPY 5,352 million a year ago. Loss before income taxes was JPY 7,503 million compared to profit of JPY 6,316 million a year ago. Loss was JPY 5,943 million compared to profit of JPY 4,524 million a year ago. Loss attributable to owners of parent was JPY 6,510 million or JPY 56.25 per share compared to profit of JPY 5,585 million or JPY 48.26 per share a year ago.

For the year ending March 31, 2019, the company expects net sales of JPY 1,080,000 million, operating income of JPY 25,000 million, ordinary income of JPY 25,000 million and loss attributable to owners of parent of JPY 18,000 million or JPY 155.54 per share.