Nippon Paper Industries Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
February 06, 2019 at 07:06 am EST
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Nippon Paper Industries Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2018. For the period, the company reported net sales of JPY 801,738 million, operating income of JPY 11,353 million, ordinary income of JPY 14,466 million, loss attributable to owners of JPY 38,923 million or JPY 336.34 per share against reported net sales of JPY 782,602 million, operating income of JPY 11,598 million, ordinary income of JPY 13,440 million, profit attributable to owners of JPY 7,686 million or JPY 66.41 per share a year ago. Loss for the period was JPY 38,923 million against profit of JPY 7,686 million a year ago.
The company revised consolidated earnings guidance for the fiscal year ending March 31, 2019. The company now expects net sales of JPY 1,080,000 million, operating income of JPY 18,000 million, ordinary income of JPY 21,000 million, loss attributable to owners of JPY 40,000 million or JPY 345.64 per share compared to previous forecast of net sales of JPY 1,080,000 million, operating income of JPY 20,000 million, ordinary income of JPY 23,000 million, loss attributable to owners of JPY 8,000 million or JPY 69.13 per share.
Nippon Paper Industries Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of paper products, as well as the energy business, and the construction materials and civil engineering business. The Company has four business segments. The Paper and Paperboard segment is engaged in the manufacture and sale of western paper, paperboard, thermal paper, pulp and papermaking raw materials. The Lifestyle Related segment is engaged in the manufacture and sale of household paper, container base paper, processed paper products, cardboard and chemical products. The Energy segment is engaged in the operation of power generation facilities, as well as the provision and sale of electricity. The Lumber, Construction Materials and Civil Engineering Related segment is engaged in the purchase and sale of lumber, the manufacture, purchase and sale of construction materials, and the civil engineering business. The Company is also engaged in the logistics and leisure business.
Nippon Paper Industries Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
NIPPON PAPER INDUSTRIES CO., LTD. 
