Mitsubishi Paper Mills (3864) Q2 2026 earnings summary

Executive summary

• Net sales for the first half of FY2025 were ¥79,023 million, down 10.6% year-over-year, with operating profit at ¥58 million, a 93.7% decline, and ordinary profit at ¥362 million, down 19.7%.

• Profit attributable to owners of parent was a loss of ¥1,281 million, compared to a loss of ¥232 million in the prior year.

• Comprehensive income was negative ¥1,845 million, compared to negative ¥933 million in the previous year.

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

• A voluntary retirement program was introduced at the German subsidiary as part of restructuring.

Financial highlights

• Gross profit for the first half was ¥10,210 million, down from ¥11,515 million year-over-year.

• Operating profit dropped sharply to ¥58 million from ¥934 million year-over-year.

• Ordinary profit decreased to ¥362 million from ¥450 million year-over-year.

• Extraordinary losses increased to ¥1,923 million, mainly due to business restructuring and special investigation costs.

• Earnings per share for the first half was negative ¥29.22, compared to negative ¥5.31 in the prior year.

Outlook and guidance

• Full-year net sales forecast is ¥170,000 million, up 3.4% year-over-year.

• Operating profit is projected at ¥5,500 million (up 20.9%), ordinary profit at ¥5,000 million (up 9.5%), and profit attributable to owners of parent at ¥3,500 million (down 19.4%).

• Earnings per share for the full year is forecast at ¥79.82.