August 6, 2019

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2019 (unaudited)
Company name: Mitsubishi Paper Mills Limited
Stock exchange listing: Tokyo Stock Exchange
Code number: 3864
URL: https://www.mpm.co.jp/
Representative: Yukihiro Tachifuji, President and Chief Executive Officer
Contact: Hironori Oikawa, General Manager, Finance & Accounting Dept.
Phone: +81-3-5600-1407(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2019 (April 1, 2019 to June 30,2019)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2019
48,098
(3.5)
(599)
(789)
(1,181)
June 30, 201849,8231.1(1,279)(1,303)(1,615)(Note) Comprehensive income: Three months ended June 30, 2019: ¥(1,738) million [-%]
Three months ended June 30, 2018: ¥(1,937) million [-%]
Diluted earnings
Earnings per shareper share
Three months ended
Yen
Yen
June 30, 2019(26.46)
June 30, 2018(47.26)(2) Consolidated Financial Condition
Total assets

Net assets

Million yen

As of June 30, 2019
232,579
As of March 31, 2019
232,758(Reference) Equity: As of June 30, 2019: ¥64,360 million
As of March 31, 2019: ¥66,350 million

Equity ratio

Million yen%

64,97567,00427.7
28.5

2. Dividends
1stquarter-end

2ndquarter-end

Yen

Annual dividends
3rdquarter-end

Yen

Fiscal year ended March 31, 2019
0.00
Fiscal year ending March 31, 2020
Fiscal year ending March 31, 20200.00(Forecast)(Note) Revision to the forecast for dividends announced most recently: None

1Year-end

TotalYenYenYen-

5.00

5.00

-

5.00

5.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2020 (April 1, 2019 toMarch 31, 2020)(% indicates changes from the previous corresponding period.)
Profitattributable toEarnings per share
Net sales
Operating income
Ordinary income
owners of parent
Full year

Million yen%

Million yen%

Million yen%

Million yen%

Yen

210,000

2.9

2,500-

2,500-

1,500

327.0

33.59

(Note) Revision to the financial results forecast announced most recently: None
* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting
in changes in scope of consolidation): None
New: - (Company name);
Excluded: - (Company name)(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: Yes
4) Retrospective restatement: None
(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2019: 44,741,433 shares
March 31, 2019: 44,741,433 shares2) Total number of treasury shares at the end of the period:
June 30, 2019: 81,008 shares
March 31, 2019: 80,398 shares
3) Average number of shares during the period:
Three months ended June 30, 2019: 44,660,765 shares
Three months ended June 30, 2018: 34,180,383 shares* This quarterly financial results report is exempt from quarterly review by Certified Public Accountants or anAudit Firm.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently
acquired by the Company and certain assumptions assessed to be reasonable. Actual results may differ
significantly from these forecasts due to a wide range of factors.

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Consolidated Financial Statements(1) Consolidated Balance Sheets(Million yen)
As of March 31, 2019
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of June 30, 201911,617
37,68626,021
7,301
11,233
6,003(175)
99,6899,654
36,68327,384
8,270
12,464
6,126(169)
100,414

23,94543,465
21,9139,446
2,420
101,191

25,52647,286
21,942
3,579
3,056
101,392

1,744
1,744

1,732
1,732

17,741
12,447(54)
30,133133,069
232,758

16,80912,283(51)
29,040132,165
232,579

(Million yen)
As of March 31, 2019
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations
Short-term loans payable
Commercial paper
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Net defined benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4

As of June 30, 201925,347
5,390
65,1757,000
366
17,580120,860

25,352
5,555
67,576
11,000188
15,507125,181

32,855
8,718
882
2,436
44,893
165,754

30,211
8,603
883
2,724
42,422
167,604

36,561
9,682
13,145(150)
59,24036,561
9,682
11,735(150)
57,829

3,635
1,209
2,265
7,110
654
67,004
232,758

2,904
1,155
2,470
6,530
615
64,975232,579

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
Three Months Ended June 30(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Advisory fee
Foreign exchange losses
Other
Total non-operating expenses
Ordinary loss
Extraordinary income
Gain on disposal of non-current assets
Gain on sales of investment securities
Other
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Other
Total extraordinary losses
Loss before income taxes
Income taxes
LossProfit (loss) attributable to non-controlling interests
Loss attributable to owners of parent

For the three months ended
June 30, 201849,823
43,565
6,258
7,538(1,279)For the three months ended
June 30, 2019
48,09841,662
6,435
7,035
(599)

16
296
173
128
615

13
233
－
124
371

380
142
－
116
639
(1,303)

264
－
183
113
561
(789)

30－
33
47
0
51

128
0
128
(1,427)226(1,654)(39)(1,615)198
95
294(1,032)
138(1,170)
10(1,181)5

Consolidated Statements of Comprehensive Income
Three Months Ended June 30(Million yen)

Loss
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

For the three months ended
June 30, 2018
(1,654)

For the three months ended
June 30, 2019
(1,170)

(101)
(245)
117

(730)
(55)
218

(53)

(0)

(282)
(1,937)(568)(1,738)(1,868)(1,761)(68)

22

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