Nippon Paper Industries : Announcement on the Differences between Business Forecasts and Results

	May 15, 2024
To all concerned parties:
Company name:	Nippon Paper Industries Co., Ltd.
	(Stock code: 3863, Prime, TSE)
Representative:	Toru Nozawa
	President and Representative
	Director
Contact person:	Hiromichi Matoba
	General Manager,
	Accounting & Budgeting Dept.
	[phone]

Announcement on the Differences between Business Forecasts and Results

Nippon Paper Industries Co., Ltd. (the Company) hereby announces the differences between the consolidated business forecasts announced on February 9, 2024, and the actual results disclosed today.

1. Differences between consolidated business forecasts and results for the FY2023 ended March 31, 2024 (April 1, 2023 through March 31, 2024)

				(Million yen)
	Sales	Operating	Ordinary	Net income	Net income
		income	income	(loss)	(loss)
		(loss)	(loss)	attributable to	per share
				owners of the	(yen)
				parent
Previous forecasts (A)	1,170,000	19,000	15,000	15,000	129.83
Results (B)	1,167,314	17,266	14,550	22,747	197.09
Amount of increase/decrease (B)-(A)	(2,686)	(1,734)	(450)	7,747	-
Change (%)	(0.2)	(9.1)	(3.0)	51.6	-
[Reference] Full year FY2022	1,152,645	(26,855)	(24,530)	(50,406)	(436.28)

2. Reasons for the Difference

The Company additionally booked deffered tax assets based on the future business forecasts. Also, tax expenses decreased due to liquidation of overseas consolidated subsidiaries. As a result, net income attributable to owners of the parent surpassed the previous forecast.

END