Japan Pulp and Paper Company Limited Reports Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2018; Provides Earnings Guidance for the Full Year Ending March 31, 2019
May 21, 2018
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Japan Pulp and Paper Company Limited reported consolidated earnings results for the full year ended March 31, 2018. For the year, on consolidated basis, Net sales were JPY 521,526 million against JPY 490,672 million reported a year ago. Operating profit was JPY 10,125 million against JPY 8,276 million reported a year ago. Ordinary profit was JPY 9,998 million against JPY 8,189 million reported a year ago. Profit attributable to owners of parent was JPY 6,204 million against JPY 5,358 million reported a year ago. Diluted earnings per share were JPY 426.83 against JPY 390.04 reported a year ago. Rate of return on equity was 7.6% against 7.2% reported a year ago. Cash flows from operating activities were JPY 8,698 million against JPY 16,282 million reported a year ago. Purchase of property, plant and equipment was JPY 10,042 million against JPY 7,386 million reported a year ago. Profit before income taxes was JPY 10,752 million against JPY 8,300 million reported a year ago.
For the year, on non-consolidated basis, Net sales were JPY 319,433 million against JPY 311,117 million reported a year ago. Operating profit was JPY 2,238 million against JPY 2,362 million reported a year ago. Ordinary profit was JPY 4,268 million against JPY 4,219 million reported a year ago. Net profit was JPY 3,057 million against JPY 3,996 million reported a year ago. Diluted earnings per share were JPY 209.97 against JPY 290.40 reported a year ago.
For the full year ending March 31, 2019, the company expects Net sales of JPY 560,000 million, Operating profit of JPY 12,000 million, Ordinary profit of JPY 11,500 million, Profit attributable to owners of parent of JPY 5,700 million or JPY 404.45 per basic share.
Japan Pulp & Paper Co., Ltd., formerly JAPAN PULP AND PAPER COMPANY LIMITED is a Japan-based company mainly involved in the wholesale of pulp and paper products. The Company operates in five business segments. The Domestic Wholesale segment and Overseas Wholesale segment involve in the sale of paper, pulp, paper boards and used paper, as well as the provision of warehousing and transportation services. The Paper Manufacturing and Processing segment is engaged in the manufacture and processing of paper products. The Resources and Environmental segment sells wastepaper / pulp and other original fuels, recycle comprehensively, and conduct power generation projects with renewable energy. The Real Estate Leasing segment involves in the leasing of real estate properties.
Japan Pulp and Paper Company Limited Reports Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2018; Provides Earnings Guidance for the Full Year Ending March 31, 2019