Nippon Paper Industries Co., Ltd. reported unaudited consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 513,882 million compared to JPY 475,069 million a year ago. Operating income was JPY 5,096 million compared to JPY 10,488 million a year ago. Ordinary income was at JPY 6,801 million compared to JPY 13,493 million a year ago. Profit attributable to owners of parent was JPY 5,105 million compared to loss of JPY 3,871 million a year ago. Net income per share was JPY 44.12 compared to loss of JPY 33.44 a year ago. Income before income taxes and minority interests in consolidated subsidiaries was JPY 4,725 million compared to JPY 1,574 million a year ago. Net cash provided by operating activities was JPY 15,729 million compared to JPY 38,022 million a year ago. Purchases of noncurrent assets were JPY 29,787 million compared to JPY 18,748 million a year ago.

The company revised consolidated earnings guidance for the full year ending March 31, 2018. For the year, the company expects net sales of JPY 1,050,000 million, operating income of JPY 15,000 million, ordinary income of JPY 18,000 million, profit attributable to owners of parent of JPY 8,000 million or JPY 69.12 per share.

The company declared a second quarter end dividend of JPY 30 per share against JPY 30 per share paid last year.

For the fiscal year end dividend, the company expects to declare a dividend of JPY 30 per share against JPY 30 per share paid last year.