Nippon Paper Industries : Announcement on the Differences between Business Forecasts and Results
May 15, 2024 at 12:28 pm
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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.
+81-3-6665-1012
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.
Nippon Paper Industries Co. Ltd. published this content on
15 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
15 May 2024 11:28:24 UTC.
Nippon Paper Industries Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of paper products, as well as the energy business, and the construction materials and civil engineering business. The Company has four business segments. The Paper and Paperboard segment is engaged in the manufacture and sale of western paper, paperboard, thermal paper, pulp and papermaking raw materials. The Lifestyle Related segment is engaged in the manufacture and sale of household paper, container base paper, processed paper products, cardboard and chemical products. The Energy segment is engaged in the operation of power generation facilities, as well as the provision and sale of electricity. The Lumber, Construction Materials and Civil Engineering Related segment is engaged in the purchase and sale of lumber, the manufacture, purchase and sale of construction materials, and the civil engineering business. The Company is also engaged in the logistics and leisure business.