Nippon Paper Industries Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings and Dividend Guidance for the Fiscal Ending March 31, 2017
February 10, 2017 at 06:36 am EST
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Nippon Paper Industries Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 726,735 million, operating income of JPY 16,642 million, ordinary income of JPY 21,551 million, loss attributable to owners of JPY 6,287 million or JPY 54.32 per share against reported net sales of JPY 756,946 million, operating income of JPY 15,646 million, ordinary income of JPY 22,050 million, profit attributable to owners of JPY 14,211 million or JPY 122.77 per share a year ago. Income before income taxes and minority interests in consolidated subsidiaries of JPY 919 million against JPY 15,470 million a year ago.
For the fiscal ending March 31, 2017, the company expects net sales of JPY 990,000 million, operating income of JPY 28,000 million, ordinary income of JPY 28,000 million, profit attributable to owners of JPY 1,000 million or JPY 8.64 per share.
For the fiscal ending March 31, 2017, the company expects dividend of JPY 30.00 per share against JPY 30.00 per share paid for the same period a year ago.
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, 2016; Provides Earnings and Dividend Guidance for the Fiscal Ending March 31, 2017