Consolidated Financial Results for the Three Months Ended June 30, 2025 （PDF：312.9 KB）

Consolidated Financial Results

for the Three Months Ended June 30, 2025 [Japanese GAAP]

August 6, 2025

Company name: Nippon Paper Industries Co., Ltd. Listing: Tokyo Stock Exchange

Securities code: 3863

URL: https://www.nipponpapergroup.com/

Representative: Akira Sebe, President and Representative Director

Inquiries: Ryo Koide, General Manager of Accounting & Budgeting Dept. Telephone: +81-3-6665-1111

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and investment analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025)

   1. Consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Three months ended June 30, 2025 June 30, 2024	Millions of yen 292,629 287,014	% 2.0 (0.1)	Millions of yen 5,485 4,137	% 32.6 409.3	Millions of yen 5,551 5,049	% 9.9 -	Millions of yen 1,905 (1,089)	% - -

      (Note) Comprehensive income:	Three months ended June 30, 2025:	¥	(12,450) million [	-%]
      	Three months ended June 30, 2024:	¥	12,941 million [	80.9%]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	16.50	-
      June 30, 2024	(9.44)	-

      (Note) The year-on-year change (%) in ordinary income for the first quarter of the three months ended June 30, 2024 is shown as "-" because it exceeds 1,000%.

   2. Consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio
   As of June 30, 2025 March 31, 2025	Millions of yen 1,671,177 1,703,308	Millions of yen 496,049 510,435	% 28.0 28.3

   (Reference) Equity: As of June 30, 2025:	¥	468,727 million
   As of March 31, 2025:	¥	482,026 million

2. Dividends

   	Annual dividends
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026	Yen - -	Yen 0.00	Yen -	Yen 10.00	Yen 10.00
   Fiscal year ending March 31, 2026 (Forecast)		5.00	-	10.00	15.00

   (Note) Revision to the forecast for dividends announced most recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026(April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

1. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): June 30, 2025: 116,254,892 shares

      March 31, 2025: 116,254,892 shares

   2. Number of treasury shares at the end of the period:

      June 30, 2025: 821,412 shares

      March 31, 2025: 820,718 shares

   3. Average number of shares outstanding during the period:

Three months ended June 30, 2025: 115,433,905 shares

Three months ended June 30, 2024: 115,402,223 shares

*We introduced the "Board Benefit Trust (BBT)", and have included our shares held by this trust in treasury stock, which is deducted from the calculation of the number of treasury shares at the end of the period and the average number of shares during the period.

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters

1. Any statement in this document regarding future performance of the Company is based on the information available at the time of the announcement and certain assumptions judged to be reasonable. Actual performance may differ from forecasts due to a variety of factors.

2. The support documentation will be posted on the following website. https://www.nipponpapergroup.com/english/ir/library/

(Appendices)

1. Consolidated Operating Results for the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025) Operating results by business segment are as follows:

(Reference information)

1. Significant Subsequent Events

At the meeting of the Board of Directors of the Company held on August 6, 2025, the Company made the resolution in relation to domestic unsecured corporate bonds for subscription. The summary is as follows. President of the Company is authorized to decide necessary items within the scope described down below when the Company solicits persons who subscribe for the bonds.

1. Total amount of issue: maximum ¥50 billion (multiple issuances within this amount is allowed)

2. Interest rate: maximum 3.0% per annum

3. Maturity: from 2 years up to 20 years

4. Issue timing: from August 6, 2025 to August 1, 2026

5. Method of redemption: bullet repayment

6. Application of funds: capital investment, repayment of loans payable, etc.

Consolidated Financial Statements

Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025 As of June 30, 2025

Assets

Current assets

(Millions of yen)

As of March 31, 2025 As of June 30, 2025

Liabilities

Current liabilities