Heiwa Paper Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2016; Reports Consolidated Earnings Results for the Third Quarter Ended December 2015; Provides Earnings Outlook for the Year Ending March 31, 2016
February 09, 2016 at 11:00 am EST
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Heiwa Paper Co. Ltd. expects to pay a dividend of JPY 5.00 per share for the fiscal year ending March 31, 2016 compared to JPY 5.00 per share paid a year ago.
The company reported consolidated earnings results for the third quarter ended December 2015. For the quarter, the company's net sales were JPY 15,095 million compared to JPY 15,054 million a year ago. Operating income was JPY 175 million compared to JPY 234 million a year ago. Ordinary income was JPY 235 million compared to JPY 260 million a year ago. Profit attributable to owners of parent was JPY 142 million compared to JPY 159 million a year ago. Net income per share was JPY 14.44 compared to JPY 16.19 a year ago.
For the year ending March 31, 2016, the company expects net sales of JPY 21,055 million, operating income of JPY 378 million, ordinary income of JPY 412 million and profit attributable to owners of parent of JPY 258 million or JPY 26.15 per share.
HEIWA PAPER CO.,LTD. is engaged in the Japanese paper and Western paper wholesale business. The Japanese and Western paper wholesale business sells Japanese and Western paper. The warehousing and paper processing business is involved in the delivery, storage and packing of its products, as well as the paper processing business.
Heiwa Paper Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2016; Reports Consolidated Earnings Results for the Third Quarter Ended December 2015; Provides Earnings Outlook for the Year Ending March 31, 2016
HEIWA PAPER CO.,LTD. 
