Mitsubishi Paper Mills Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half and Fiscal Year 2017
Mitsubishi Paper Mills Ltd. reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of ¥216,340 million compared to ¥214,944 million, operating income of ¥3,872 million compared to ¥1,038 million, ordinary income of ¥2,216 million compared to ¥135 million and profit attributable to owners of parent of ¥2,217 million or ¥6.49 per share compared to loss attributable to owners of parent of ¥4,272 million or ¥12.50 per share, net cash flows from operating activities of ¥12,626 million compared to ¥3,907 million, loss before income taxes and non-controlling of ¥1,246 million compared to profit before income taxes and non-controlling of ¥3,018 million, purchase of property, plant and equipment and intangible assets of ¥4,196 million compared to ¥4,735 million for the last year.
The company provided earnings guidance for the first half and fiscal year 2017. For the first half, the company expects net sales of ¥108,000 million, operating income of ¥1,500 million, ordinary income of ¥500 million and loss attributable to owners of parent of ¥500 million or ¥1.46 per share.
For the year ending March 31, 2017, the company expects net sales of ¥220,000 million, operating income of ¥4,500 million, ordinary income of ¥2,500 million and profit attributable to owners of parent of ¥1,000 million or ¥2.93 per share.