Oji Holdings Corporation, a leader in the pulp and paper industry of Japan, decreased operating income by 4.3% amid 0.4% growth of net sales in FY2016 (ended March 31, 2017). According to the announcement, the company’s net sales accounted for JPY 1440 billion (USD 12.5 billion), generating operating income of JPY 70.5 billion in the period.
Earlier Oji Nepia and Mitsubishi Paper Mills formed a tissue producing JV in Japan.
About Oji Group:
The group is a leader in the pulp and paper industry of Japan.