NIPPON PAPER INDUSTRIES CO., LTD. This document is an English-language translation of the Japanese-language original.
August 7, 2023
Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2023 (unaudited)
Name of Company Listed:
Stock Exchange Listings:
Code Number:
URL:
Representative:
Person in Charge of Contact:
Planned date of Financial Report submission:
Planned date of the commencement of dividend payments:
Availability of support documentation:
Holding of financial result briefing:
Nippon Paper Industries Co., Ltd.
Tokyo 3863
https://www.nipponpapergroup.com/english/
Toru Nozawa, President
Hiromichi Matoba, General Manager of Accounting & Budgeting Dept. TEL +81-(0)3-6665-1111
August 10, 2023
-
Yes
Yes (for institutional investors and investment analysts)
(Amounts indicated are displayed with amounts of less than one million yen rounded off.)
1. Consolidated Financial Results of Operations for the Three Months Ended June 2023 (April 1, 2023-June 30, 2023)
- Consolidated Results of Operations
(The percentages indicate the percentage increase or decrease compared to the same period of the previous fiscal year.)
Net sales | Operating income | Ordinary income | Profit attributable to | |||||||||||||||
owners of parent | ||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||||
Three months ended | 287,424 | 8.6 | 812 | - | 362 | -70.5 | -5,267 | - | ||||||||||
June 30, 2023 | ||||||||||||||||||
Three months ended | 264,773 | 5.7 | -2,924 | - | 1,227 | -65.3 | -8,197 | - | ||||||||||
June 30, 2022 | ||||||||||||||||||
Note: Comprehensive income | ||||||||||||||||||
Three months ended June 30, 2023 | 7,153 million yen | (-71.1 %) | ||||||||||||||||
Three months ended June 30, 2022 | 24,796 million yen | (64.2 %) | ||||||||||||||||
Net income per share | Net income per share | |||||||||||||||||
after adjusting for dilution | ||||||||||||||||||
Yen | Yen | |||||||||||||||||
Three months ended | -45.63 | - | ||||||||||||||||
June 30, 2023 | ||||||||||||||||||
Three months ended | -70.95 | - | ||||||||||||||||
June 30, 2022 | ||||||||||||||||||
(2) Consolidated Financial Status | ||||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||||
As of June 30, 2023 | 1,648,456 | 420,654 | 24.2 | |||||||||||||||
As of March 31, 2023 | 1,666,542 | 415,200 | 23.7 | |||||||||||||||
Reference: Shareholders' equity | As of June 30, 2023 | 398,585 million yen | ||||||||||||||||
As of March 31, 2023 | 394,653 million yen |
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2. Dividend Status
Dividends per share | ||||||||||
1st quarter | 2nd quarter | 3rd quarter | End of | Annual | ||||||
end | end | end | fiscal year | |||||||
Yen | Yen | Yen | Yen | Yen | ||||||
Fiscal year ended March | - | 0.00 | - | 0.00 | 0.00 | |||||
31, 2023 | ||||||||||
Fiscal year ending March | - | |||||||||
31, 2024 | ||||||||||
Fiscal year ending March | 0.00 | - | - | - | ||||||
31, 2024 (Projection) | ||||||||||
Note: Recent revisions to dividend projection | / No |
3. Projection of Consolidated Financial Results for the Fiscal Year Ending March 2024 (April 1, 2023-March 31, 2024)
(The percentages indicate the percentage increase or decrease compared to the same period of the previous fiscal year.)
Net sales | Operating income | Ordinary income | Profit attributable to | Net income | ||||||||
owners of parent | per share | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||
Full fiscal year | 1,230,000 | 6.7 | 24,000 | - | 18,000 | - | 15,000 | - | 129.83 | |||
Note: Recent revisions to projection of consolidated financial results/ No
4. Others
- Has the Company made any important changes in its subsidiaries (changes in specified subsidiaries which result in changes in the
scope of consolidation)? /No
New | - | (Company name:) |
Eliminated | - | (Company name:) |
- Has the Company adopted a specific accounting method for preparation of quarterly consolidated financial statements? /No
- Changes in Accounting principles, changes in accounting estimates, or restatements
- Has the Company made any changes in accounting principles following the revision of the Accounting Standard and others? / No
- Has the Company made any changes in accounting principles other than those described in (i)? /No
- Has the Company made any changes in accounting estimates? /No
- Has the Company made any restatements? /No
- Number of issued and outstanding shares (common stock)
- Number of issued and outstanding shares (including treasury stock) as of:
June 30, 2023 | 116,254,892 | Shares |
March 31, 2023 | 116,254,892 | Shares |
(ii) Number of treasury stock as of: | ||
June 30, 2023 | 887,255 | Shares |
March 31, 2023 | 715,494 | Shares |
(iii) Average number of shares during the periods of: | ||
Three months ended June 2023 | 115,454,525 | Shares |
Three months ended June 2022 | 115,532,899 | Shares |
*We introduced the "Board Benefit Trust (BBT)", and have included our shares held by this trust in treasury stock, which is deducted from the calculation of the number of treasury shares at the end of the period and the average number of shares during the period.
* This "Summary of Consolidated Financial Results" is not subject to auditing.
*Disclaimer regarding forward-looking statement and other remarks:
- Any statement in this document regarding future performance of the Company is based on the information available at the time of the announcement and certain assumptions judged to be reasonable. Actual performance may differ from forecasts due to a variety of factors.
- The support documentation will be posted on the following our website.
https://www.nipponpapergroup.com/english/ir/library/
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(Appendices)
1. Consolidated Operating Results for the Three Months Ended June 2023 (April 1, 2023-June 30, 2023)
Operating results by business segment are as follows:
Paper and Paperboard:
Consolidated net sales Consolidated operating income
Daily-life Products:
Consolidated net sales Consolidated operating income
Energy:
Consolidated net sales Consolidated operating income
Wood Products and Construction Related: Consolidated net sales Consolidated operating income
¥ 143,307 million (up 8.5% year-on-year)
¥ 159 million | (The result for the same period of previous year |
was ¥ -2,192 million) | |
¥ 106,852 million (up 5.8% year-on-year) | |
¥ -2,253 million | (The result for the same period of previous year |
was ¥ -2,624 million) | |
¥ 13,672 million | (up 66.1% year-on-year) |
¥ 460 million | (The result for the same period of previous year |
was ¥ -333 million) | |
¥ 16,710 million | (up 0.3% year-on-year) |
¥ 2,334 million | (up 24.2% year-on-year) |
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1. Supplementary Financial Results Presentation Materials for the Three Months Ended June 30, 2023
(1) Consolidated Balance Sheets
(Millions of yen) | ||
As of March 31, | As of June 30, | |
2023 | 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 144,350 | 96,938 |
Notes and accounts receivable-trade | 189,128 | 194,165 |
Merchandise and finished goods | 116,273 | 119,126 |
Work in process | 22,973 | 23,247 |
Raw materials and supplies | 99,267 | 109,200 |
Other | 56,459 | 62,336 |
Allowance for doubtful accounts | (747) | (772) |
Total current assets | 627,705 | 604,241 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 553,627 | 554,517 |
Accumulated depreciation | (402,290) | (404,937) |
Buildings and structures, net | 151,336 | 149,579 |
Machinery, equipment and vehicles | 2,347,209 | 2,354,654 |
Accumulated depreciation | (2,014,534) | (2,023,852) |
Machinery, equipment and vehicles, net | 332,675 | 330,801 |
Land | 211,230 | 211,167 |
Construction in progress | 48,277 | 50,268 |
Other | 110,705 | 111,941 |
Accumulated depreciation | (57,404) | (58,652) |
Other, net | 53,300 | 53,288 |
Total property, plant and equipment | 796,820 | 795,106 |
Intangible assets | 22,540 | 22,424 |
Investments and other assets | ||
Investments in securities | 166,626 | 168,377 |
Other | 53,443 | 58,836 |
Allowance for doubtful accounts | (593) | (529) |
Total investments and other assets | 219,476 | 226,684 |
Total non-current assets | 1,038,837 | 1,044,214 |
Total assets | 1,666,542 | 1,648,456 |
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(Millions of yen) | ||
As of March 31, | As of June 30, | |
2023 | 2023 | |
Liabilities | ||
Current liabilities | ||
Notes and account payable-trade | 154,167 | 144,398 |
Short-term loans payable | 214,383 | 209,972 |
Current portion of bonds | － | 15,000 |
Commercial papers | 30,000 | － |
Income taxes payable | 3,269 | 2,355 |
Other | 102,765 | 102,137 |
Total current liabilities | 504,585 | 473,862 |
Non-current liabilities | ||
Bonds payable | 50,000 | 65,000 |
Long-term loans payable | 607,850 | 599,966 |
Provision for environmental measures | 10,921 | 10,159 |
Net defined benefit liability | 11,669 | 11,741 |
Other | 66,315 | 67,071 |
Total non-current liabilities | 746,755 | 753,939 |
Total liabilities | 1,251,341 | 1,227,801 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 104,873 | 104,873 |
Capital surplus | 216,416 | 216,416 |
Retained earnings | (15,765) | (21,033) |
Treasury shares | (1,759) | (1,960) |
Total shareholders' equity | 303,765 | 298,296 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 11,475 | 13,289 |
Deferred gains or losses on hedges | 10,294 | 15,591 |
Foreign currency translation adjustment | 60,006 | 62,356 |
Remeasurements of defined benefit plans | 9,110 | 9,050 |
Total accumulated other comprehensive income | 90,887 | 100,288 |
Non-controlling interests | 20,547 | 22,069 |
Total net assets | 415,200 | 420,654 |
Total liabilities and net assets | 1,666,542 | 1,648,456 |
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Disclaimer
Nippon Paper Industries Co. Ltd. published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 06:37:03 UTC.
