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JAPAN PULP AND PAPER COMPANY LIMITED, First Half Ordinary Profit Decreases by 7%, July-September Ordinary Profit Decreases by 9%

Fri Nov 8, 2024 1:00 pm JST Earnings

8032 JAPAN PULP AND PAPER COMPANY LIMITED 【J-GAAP】

Earnings Report

JAPAN PULP AND PAPER COMPANY LIMITED <8032> [TSE-P] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.4% from the same period last year to 8.25 billion yen. The progress rate against the 18 billion yen full-year plan was 45.8%, almost the same as the five-year average of 47.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 24.3% from the same period last year, reaching 9.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.5 billion yen, a 9.4% decrease compared to the same period last year. The operating profit margin worsened from 3.1% in the same period last year to 2.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 266,324 9,537 10,273 17,830 130.0 48.4 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 271,375 8,867 8,909 5,324 38.8 53.2 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 278,419 8,185 8,250 5,714 46.4 45.8 Nov 8, 2024 J-GAAP
YoY +2.6% -7.7% -7.4% +7.3% +19.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 12.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 278,419 8,185 8,250 5,714 46.4 12.50 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 262,855 8,536 7,844 5,033 38.3 6.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー 9,815 9,750 4,286 34.8 12.50 Nov 8, 2024 J-GAAP
YoY － +15.0% +24.3% -14.8% -9.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 545,279 20,264 21,233 25,392 185.1 12 May 15, 2023 J-GAAP
Mar, 2024 534,230 17,403 16,753 10,357 78.9 13 May 10, 2024 J-GAAP
Mar, 2025 Guidance ー 18,000 18,000 10,000 81.2 25 Aug 8, 2024 J-GAAP
YoY － +3.4% +7.4% -3.4% +2.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 135,473 4,213 3,862 2,485 18.1 3.1 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 140,182 5,295 4,946 2,946 22.0 3.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 122,673 3,241 2,898 2,087 15.9 2.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 135,167 4,321 4,750 2,916 23.7 3.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 143,252 3,864 3,500 2,798 22.7 2.7 Nov 8, 2024 J-GAAP
YoY +5.7% -8.3% -9.4% +12.6% +25.3%

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