Mitsubishi Paper Mills Limited [3864.T]
TOKYO, May 14 (Pulse News Wire) – Mitsubishi Paper Mills Limited (3864.T) announced today that its fiscal year 2026 (ending March 31, 2026) consolidated earnings forecast differs significantly from previously reported estimates due to ongoing impacts from the December 2025 earthquake near Aomori Prefecture and equipment issues related to aging facilities. According to the revised figures, the company now projects revenue of ¥157¥455 million compared to the earlier estimate.
Operating profit and ordinary profit are expected to fall below forecasts due to reduced operational efficiency and production volume. However, net profit attributable to parent company shareholders is anticipated to exceed expectations, reaching ¥1L¥70 million, thanks to strategic sales of investment securities based on corporate governance policies.
The earthquake's impact on operations at the Hachinohe plant continued through the fourth quarter, alongside challenges posed by outdated machinery leading to decreased productivity and quality metrics. Despite these setbacks, management efforts focused on optimizing asset utilization have helped mitigate some of the negative effects on overall profitability.
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