Nippon Paper's fiscal H1 net income rises to 9.22B yen from 1.75B yen in year-ago period, following merger of Nippon Paper and its parent Nippon Group; net sales up 3.2% year-over-year, to 523.32B yen, and projection is for 4.4% jump for full fiscal year
November 8, 2013
– On April 1, 2013, Nippon Paper Industries Co. Ltd. (the Company) merged with and absorbed its parent company, Nippon Paper Group, Inc., and assumed the consolidated financial statements of Nippon Paper Group, Inc.
Accordingly, for reference, the Consolidated Financial Results of Operations for the Six Months Ended September 2013, which show the comparison between the results of Nippon Paper Group, Inc. for the first six months of, and as of the end of, the previous consolidated fiscal year and the Company’s results for the same period of the fiscal year ending March 2014, are presented below. The Dividend Status, which shows the comparison with the results of Nippon Paper Group, Inc. for the previous consolidated fiscal year, is also presented below.
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Industry Intelligence editor's note: In an omitted table, Nippon Paper Industries Co. Ltd. reported during its fiscal first-half 2013 net income of 9.219 billion yen and net sales of 523.317 billion, compared with fiscal first-half 2012 net income of 1.745 billion yen and net sales of 507.2 billion yen.