Mitsubishi Paper Mills (3864) Q1 2026 earnings summary

Executive summary

• Net sales declined 12.3% year-over-year to ¥39,461 million for the quarter ended June 30, 2025, reflecting lower sales volumes despite cost reductions.

• Operating loss widened to ¥1,221 million from a ¥70 million loss in the prior year, with ordinary loss at ¥1,093 million versus a ¥354 million profit previously.

• Profit attributable to owners of parent was a loss of ¥1,316 million, compared to a ¥23 million loss in the same quarter last year.

• Comprehensive income was negative ¥2,225 million, down from ¥266 million a year earlier.

• The company is executing a new Medium-term Management Plan focused on technology, environmental initiatives, and governance reforms.

Financial highlights

• Gross profit fell to ¥3,845 million from ¥5,198 million year-over-year.

• Selling, general and administrative expenses were ¥5,067 million, slightly down from ¥5,269 million.

• Extraordinary losses included ¥64 million in business restructuring costs.

• Total assets decreased to ¥199,416 million from ¥208,217 million at the previous fiscal year-end.

• Net assets declined to ¥82,394 million from ¥85,282 million.

Outlook and guidance

• Full-year net sales forecast is ¥180,000 million, up 2.3% year-over-year, with operating income projected at ¥8,000 million.

• Profit attributable to owners of parent is forecast at ¥3,500 million for the full year, with EPS of ¥79.87.

• No changes to previously announced forecasts; actual results may differ due to various risk factors.