Mitsubishi Paper Mills Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 50,919 million, operating income of JPY 518 million, ordinary loss of JPY 653 million and loss attributable to owners of the parent of JPY 1,136 million or JPY 3.32 per share as compared to net sales of JPY 52,787 million, operating loss of JPY 1,031 million, ordinary loss of JPY 1,119 million and loss attributable to owners of the parent of JPY 1,873 million or JPY 5.48 per share for the same period a year ago. Loss before income taxes and minority interests was JPY 807 million compared to JPY 1,543 million a year ago.

The company provided consolidated earnings guidance for the first half of fiscal year ending March 31, 2017. For the six months, the company expects net sales of JPY 108,000 million, operating income of JPY 1,500 million, ordinary income of JPY 500 million and loss attributable to owners of the parent of JPY 500 million or JPY 1.46 per share.

For the fiscal year ending March 31, 2017, the company expects net sales of JPY 220,000 million, operating income of JPY 4,500 million, ordinary income of JPY 2,500 million and profit attributable to owners of the parent of JPY 1,000 million or JPY 2.93 per share.