Nippon Paper Industries Co., Ltd. (TYO:3863)

Nippon Paper Industries Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	1,187,109	1,182,431	1,167,314	1,152,645	1,045,086	1,007,339
Revenue Growth (YoY)	1.64%	1.29%	1.27%	10.29%	3.75%	-3.50%
Cost of Revenue	986,631	991,368	985,917	1,008,246	872,011	803,686
Gross Profit	200,478	191,063	181,397	144,399	173,075	203,653
Selling, General & Admin	169,489	167,023	160,005	167,271	157,124	180,961
Operating Expenses	173,822	171,356	164,130	171,254	160,984	184,419
Operating Income	26,656	19,707	17,267	-26,855	12,091	19,234
Interest Expense	-9,979	-9,154	-10,246	-7,750	-7,352	-7,374
Interest & Investment Income	3,197	3,157	2,301	2,357	1,891	2,012
Earnings From Equity Investments	6,055	9,255	5,494	7,434	8,618	4,728
Currency Exchange Gain (Loss)	526	-3,697	2,700	1,851	-	-3,513
Other Non Operating Income (Expenses)	-4,196	-3,764	-2,967	-1,568	-759	-2,813
EBT Excluding Unusual Items	22,259	15,504	14,549	-24,531	14,489	12,274
Gain (Loss) on Sale of Investments	5,989	5,013	5,222	13,719	6,640	14,547
Gain (Loss) on Sale of Assets	4,957	5,220	26,637	2,440	-	-
Asset Writedown	-8,921	-15,126	-1,843	-7,370	-4,378	-12,890
Other Unusual Items	4,221	2,076	-13,370	-25,624	-8,956	-3,276
Pretax Income	28,505	12,687	31,195	-41,366	7,795	10,655
Income Tax Expense	8,162	5,533	4,162	7,282	4,545	4,505
Earnings From Continuing Operations	20,343	7,154	27,033	-48,648	3,250	6,150
Minority Interest in Earnings	-2,697	-2,615	-4,286	-1,758	-1,260	-2,954
Net Income	17,646	4,539	22,747	-50,406	1,990	3,196
Net Income to Common	17,646	4,539	22,747	-50,406	1,990	3,196
Net Income Growth	-10.72%	-80.05%	-	-	-37.73%	-77.51%
Shares Outstanding (Basic)	115	115	115	116	116	116
Shares Outstanding (Diluted)	115	115	115	116	116	116
Shares Change (YoY)	0.04%	0.00%	-0.11%	0.01%	0.01%	-0.13%
EPS (Basic)	152.84	39.33	197.09	-436.27	17.23	27.67
EPS (Diluted)	152.84	39.33	197.09	-436.27	17.23	27.67
EPS Growth	-10.75%	-80.05%	-	-	-37.74%	-77.48%
Free Cash Flow	-	21,718	28,619	-23,534	12,695	22,722
Free Cash Flow Per Share	-	188.17	247.97	-203.69	109.89	196.71
Dividend Per Share	10.000	10.000	10.000	-	40.000	40.000
Gross Margin	16.89%	16.16%	15.54%	12.53%	16.56%	20.22%
Operating Margin	2.25%	1.67%	1.48%	-2.33%	1.16%	1.91%
Profit Margin	1.49%	0.38%	1.95%	-4.37%	0.19%	0.32%
Free Cash Flow Margin	-	1.84%	2.45%	-2.04%	1.21%	2.26%
EBITDA	95,576	87,501	82,526	40,473	79,656	84,929
EBITDA Margin	8.05%	7.40%	7.07%	3.51%	7.62%	8.43%
D&A For EBITDA	68,920	67,794	65,259	67,328	67,565	65,695
EBIT	26,656	19,707	17,267	-26,855	12,091	19,234
EBIT Margin	2.25%	1.67%	1.48%	-2.33%	1.16%	1.91%
Effective Tax Rate	28.63%	43.61%	13.34%	-	58.31%	42.28%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.