Nippon Paper Industries Co., Ltd. announced consolidated earnings results for the year ended March 31, 2017. For the period, the company reported net sales of JPY 992,428 million against JPY 1,007,097 million a year ago. Operating income was JPY 23,764 million against JPY 22,623 million a year ago. Profit attributable to owners of parent was JPY 8,399 million against JPY 2,424 million a year ago. Net income per share was JPY 72.57 against JPY 20.95 a year ago. Return on equity was 2.0% against 0.5% a year ago. Cash flows from operating activities were JPY 87,087 million against JPY 52,419 million a year ago. Income before income taxes and minority interests in consolidated subsidiaries were JPY 22,784 million against JPY 4,662 million a year ago.

For the six months ending September 30, 2017, the company expects net sales of JPY 520,000 million, operating income of JPY 10,000 million, profit attributable to owners of parent of JPY 5,000 million and net income per share of JPY 43.20.

For the full year ending March 2018, the company expects net sales of JPY 1,050,000 million, operating income of JPY 30,000 million, profit attributable to owners of parent of JPY 15,000 million and net income per share of JPY 129.60.