Japan Pulp & Paper Company Limited revised its ordinary profit forecast for the current fiscal year downward from the previous forecast of ¥15 billion to ¥12 billion. Although it secured higher profit in the first half, profit is expected to decline year on year in the second half.
Japan Pulp & Paper Company Limited announced its results in the afternoon session on 9 November. Consolidated ordinary profit for the six months ended September 2026, the second quarter of the fiscal year ending March 2027, was ¥5.72 billion, up 52.6% year on year.
At the same time, full-year ordinary profit was revised downward from the previous forecast of ¥15 billion to ¥12 billion, with the projected growth rate narrowing from 37.8% to 10.2%.
Based on first-half results and the second-half plan, consolidated ordinary profit for October-March is estimated at ¥6.27 billion, down 12.0% year on year.
In the most recent three-month period, ordinary profit for July-September was ¥2.19 billion, a substantial 91.7% increase from the same period of the previous year.
The revision to the current fiscal year's earnings forecast means that ordinary profit under the revised forecast will be 20.0% lower than under the previous forecast.