Oji Holdings Corporation Results for the First Quarter of the Year Ending March 31, 2020 (April 1, 2019 – June 30, 2019)
Consolidated net sales for the first quarter of FY2019 decreased by \3.6 billion to \375.5 billion (year-on-year decrease of 1.0%) mainly due to effects of the weakening pulp market in the overseas business, despite the effects of product price adjustments in the domestic business. Consolidated operating profit decreased by \3.4 billion to \24.1 billion (year-on-year decrease of 12.5%) due to a decline in operating profit in the overseas business, although operating profit increased in the domestic business. Overseas sales ratio decreased by 0.4 points from the previous year to 31.4%. Non-operating profit and loss decreased by \0.9 billion year-on-year mainly due to an increase in exchange loss, and ordinary profit decreased by \4.4 billion to \23.5 billion (year-on-year decrease of 15.7%). Extraordinary profit and loss decreased by \1.7 billion year-on-year mainly due to loss on disaster of \2.2 billion resulting from the Kasugai Mill fire which occurred in April 2019. As a result, profit before taxes decreased by \6.1 billion to \21.2 billion (year-on-year decrease of 22.4%), and profit attributable to owners of parent decreased by \5.3 billion to \12.0 billion (year-on-year decrease of 30.6%).