Nippon Paper Industries Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2014
February 04, 2014
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Nippon Paper Industries Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2013. For the period, the company reported net income of ¥14,995 million or ¥129.51 per share, operating income of ¥17,913 million on net sales of ¥801,886 million compared to net income of ¥7,453 million or ¥64.37 per share, operating income of ¥17,515 million on net sales of ¥770,986 million for the same period a year ago. Income before income taxes and minority interests in consolidated subsidiaries was ¥24,562 million compared to ¥10,654 million for the same period a year ago. Net cash provided by operating activities was ¥29,905 million compared to ¥12,409 million for the same period a year ago. Amount spent on purchases of noncurrent assets was ¥25,500 million compared to ¥26,860 million for the same period a year ago.
For the fiscal year ending March 31, 2014, the company expected net income of ¥15,000 million or ¥129.55 per share, operating income of ¥30,000 million and net sales of ¥1,070,000 million.
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.
Nippon Paper Industries Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2014