Japan Pulp and Paper Company (8032) Q1 2025 earnings summary

Executive summary

• Revenue for the quarter ended June 30, 2024, was ¥135,167 million, a slight decrease of 0.5% year-over-year.

• Operating profit declined 7.2% year-over-year to ¥4,321 million.

• Profit attributable to owners of parent rose 2.7% year-over-year to ¥2,916 million.

• Comprehensive income decreased 3.5% year-over-year to ¥4,741 million.

Financial highlights

• Gross profit increased to ¥22,458 million from ¥21,301 million year-over-year.

• Ordinary profit fell 5.9% year-over-year to ¥4,750 million.

• Basic earnings per share for the quarter was ¥236.71, up from ¥206.93 year-over-year.

• Total assets stood at ¥372,392 million as of June 30, 2024.

• Equity ratio improved to 35.2% from 34.2% at the previous fiscal year-end.

Outlook and guidance

• Full-year revenue forecast not provided, but operating and ordinary profit are both projected at ¥18,000 million, up 3.4% and 7.4% year-over-year, respectively.

• Profit attributable to owners of parent is forecast at ¥10,000 million, down 3.4% year-over-year.

• Basic earnings per share forecast is ¥81.20, reflecting a planned 10-for-1 stock split.

• Dividend forecast for FYE March 2025 is ¥125.00 per share, or ¥250.00 per share pre-split.