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.