August 3, 2018

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2018 (unaudited)
Company name: Mitsubishi Paper Mills Limited
Stock exchange listing: Tokyo Stock Exchange
Code number: 3864
URL: http://www.mpm.co.jp/
Representative: Kunio Suzuki, 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, 2018 (April 1, 2018 to June 30,2018)(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, 201849,823
1.1(1,279)(1,303)(1,615)June 30, 201749,283
(3.2)
(656)
(597)
(787)
(Note) Comprehensive income: Three months ended June 30, 2018: ¥(1,937) million [-%]
Three months ended June 30, 2017: ¥(806) million [-%]
Diluted earnings
Earnings per shareper share
Three months ended
Yen
Yen
June 30, 2018(47.26)
June 30, 2017(23.03)(2) Consolidated Financial Condition
Total assets

Net assets

Million yen

As of June 30, 2018
232,820
As of March 31, 2018237,379(Reference) Equity: As of June 30, 2018: ¥57,691 million
As of March 31, 2018: ¥59,731 million

Equity ratio

Million yen%

58,94561,07724.8
25.2

2. Dividends
1stquarter-end

2ndquarter-end

Yen

Annual dividends
3rdquarter-end

Yen

Year-end

Yen

Fiscal year ended March 31, 2018
0.00
Fiscal year ending March 31, 2019
Fiscal year ending March 31, 2019
0.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently: None
Year-end dividend for Fiscal year ending March 31, 2019 has yet to be determined.

1TotalYen

Yen

5.00

5.00

--3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2019 (April 1, 2018 toMarch 31, 2019)(% indicates changes from the previous corresponding period.)
Profitattributable toEarnings per share
Net sales
Operating income
Ordinary income
owners of parent
Full year

Million yen%

205,000

1.7

Million yen%

Million yen

1,500 (16.2)%

Million yen%

Yen

500 (23.4)

500(84.4)

14.63(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: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
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, 2018: 34,258,433 shares
March 31, 2018: 34,258,433 shares2) Total number of treasury shares at the end of the period:
June 30, 2018: 78,345 shares
March 31, 2018: 77,847 shares
3) Average number of shares during the period:
Three months ended June 30, 2018: 34,180,383 shares
Three months ended June 30, 2017: 34,181,933 shares* This quarterly financial results report is exempt from quarterly review by Certified Public Accountants or an
Audit 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.

2Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)

As of March 31, 2018

As of June 30, 2018

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets

9,744
46,33027,552
6,707
9,729
4,476
(224)
104,316

10,52542,49825,911
6,608
11,3004,766(196)
101,415

25,41347,291
22,1472,310
2,569
99,73224,971
45,422
22,063
3,530
2,549
98,538

1,719
1,719

1,712
1,712

21,672
10,007(68)
31,611133,063
237,379

21,5939,619(59)
31,154131,404
232,820

Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, 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
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets3

(Million yen)
As of March 31, 2018

As of June 30, 2018

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Commercial paper
Income taxes payable
Other
Total current liabilities

26,81870,8283,000
397
16,164
117,208

26,512
72,1103,000
19515,854
117,673

45,656
143
9,328
888
3,076
59,093
176,30243,012
143
9,151
882
3,011
56,201
173,874

32,756
6,132
12,965(148)
51,70632,756
6,132
11,179(149)
49,919

5,204
1,511
1,309
8,025
1,345
61,077
237,379

5,1141,251
1,406
7,772
1,253
58,945
232,820

Non-current liabilities
Long-term loans payable
Reserve for loss on dissolution of employee's fundNet defined benefit liability
Asset retirement obligations
OtherTotal 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(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Three Months Ended June 30(Million yen)

For the three months ended
June 30, 2017
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating loss

For the three months ended
June 30, 201849,28342,332
6,951
7,608(656)49,823
43,565
6,258
7,538(1,279)

12242
282
85
622

16
296
173
128
615

457－106
563
(597)

380
142
116
639
(1,303)

164
170
334

303101
85
186(449)
358
(807)
(20)
(787)

128
0128
(1,427)226(1,654)(39)(1,615)Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Advisory fee
Other
Total non-operating expenses
Ordinary loss
Extraordinary income
Gain on disposal of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Other
Total extraordinary losses
Loss before income taxes
Income taxes
Loss
Loss attributable to non-controlling interests
Loss attributable to owners of parent5

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

For the three months ended
June 30, 2017Loss

For the three months ended
June 30, 2018

(807)

(1,654)

356
(254)
(69)

(101)
(245)
117

(31)

(53)

0(806)(282)(1,937)(851)(1,868)44(68)

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustmentRemeasurements 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

6