Mitsubishi Paper Mills shares rose more than 3 percent from the previous day on August 21, recovering to 1,199 yen, the highest level in the past month. In the first quarter of the fiscal year ending March 2027, revenue fell 2.1 percent year on year to 38.6 billion yen, but operating profit swung to a surplus of 300 million yen, improving from an operating loss of 1.2 billion yen in the same period a year earlier. Recurring profit also came to 600 million yen, recovering from a loss of 1 billion yen a year earlier. Quarterly net profit attributable to owners of the parent was 2.1 billion yen, turning positive from a net loss of 1.3 billion yen in the same period last year. The company cited the effects of structural reform in its German operations, cost reductions, the shift of scheduled maintenance at the Hachinohe mill to November, and gains on sales of policy shareholdings as factors. Full-year forecasts are for revenue of 175 billion yen, operating profit of 6 billion yen, recurring profit of 6 billion yen, and net profit of 6.5 billion yen. First-quarter progress against those forecasts was 6.6 percent for operating profit and 33.2 percent for net profit.
Mitsubishi Paper Mills, Ltd.Swung to operating profit in Q1, improving from a loss, with gains on sales of policy shareholdings.
