Nippon Paper Industries Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported net sales of JPY 515,983 million compared to JPY 523,317 million a year ago. Operating income was JPY 12,534 million compared to JPY 10,411 million a year ago. Ordinary income was JPY 12,739 million compared to JPY 10,918 million a year ago. Net income was JPY 21,154 million compared to JPY 9,219 million a year ago. Net income per share was JPY 182.73 compared to JPY 79.63 a year ago. Income before income taxes and minority interests in consolidated subsidiaries was JPY 25,677 million compared to JPY 15,856 million a year ago. Net cash provided by (used in) operating activities was JPY 25,750 million compared to JPY 29,905 million a year ago. Purchases of noncurrent assets were JPY 25,500 million compared to JPY 19,997 million a year ago.

The company revised consolidated earnings guidance for the full year ending March 31, 2015. For the year, the company expects net sales of JPY 1,070,000 million, operating income of JPY 30,000 million, ordinary income of JPY 25,000 million, net income of JPY 26,000 million or JPY 224.59 per share compared to previous guidance of net sales of JPY 1,100,000 million, operating income of JPY 40,000 million, ordinary income of JPY 35,000 million, net income of JPY 26,000 million or JPY 224.58 per share.

The company declared dividend of JPY 20.00 per share for the second quarter ending September 30, 2014 compared to JPY 10.00 per share for the second quarter ending September 30, 2013. The dividend is payable on December 1, 2014.

The company provided dividend guidance for the year ending March 31, 2015. The company expects dividend of JPY 30.00 per share for the year ending March 31, 2015 compared to JPY 30.00 per share for the year ending March 31, 2014.