Daio Paper decreased operating income by 84.3% in FY1Q2017

Daio Paper, Japan’s leading tissue manufacturer, decreased operating income by 84.3% amid 9.9% growth of net sales in FY1Q2017 (ended June 30, 2017). According to the announcement, the company’s net sales  accounted for JPY 124.9 billion (USD 1.1 billion), generating operating income of JPY 0.8 billion in the period (margin 0.6%).

In FY2016 Daio Paper kept 12.2% EBITDA margin.

Check other wood business-related companies 2Q2016 schedules for financial and operating results.

Earlier Daio Paper acquired common stock, and the stock acquisition rights of Miura Printing Corporation.

About Daio Paper:

The company has an integrated pulp, paper and paperboard production production of 2.3 Mtpa. The company is ranked third in Japan as a full-range paper manufacturer, engaged in manufacture of more than 20,000 kinds of paper, including newsprint, printing and publication paper, communication paper, wrapper paper, corrugated containers, household paper products, and other paper, from pulp.

Source: Woodbizforum