August 5, 2016

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2016 (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, 2016 (April 1, 2016 to June 30,2016)(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, 2016
50,919
(3.5)
518
(653)
(1,136)
June 30, 2015
52,787
1.8(1,031)(1,119)(1,873)(Note) Comprehensive income: Three months ended June 30, 2016: ¥(2,150) million [-%]
Three months ended June 30, 2015: ¥(1,437) million [-%]
Diluted earnings
Earnings per shareper share
Three months ended
Yen
Yen
June 30, 2016(3.32)
June 30, 2015
(5.48)(2) Consolidated Financial Condition
Total assets

Net assets

Million yen

As of June 30, 2016
236,387
As of March 31, 2016
241,155(Reference) Equity: As of June 30, 2016: ¥47,159 million
As of March 31, 2016: ¥49,241 million

Equity ratio

Million yen%

49,33351,49220.0
20.4

2. Dividends
1stquarter-end

2ndquarter-end

Yen

Annual dividends
3rdquarter-end

Yen

Fiscal year ended March 31, 2016
0.00
Fiscal year ending March 31, 2017
Fiscal year ending March 31, 20170.00(Forecast)(Note) Revision to the forecast for dividends announced most recently: None1

Year-endTotalYenYenYen-0.00

0.00

-0.00

0.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2017 (April 1, 2016 toMarch 31, 2017)(% indicates changes from the previous corresponding period.)
ProfitNet sales
Operating income
Ordinary income
attributable toEarnings per shareowners of parent
Million yen%

Million yen%

Million yen%

Million yen

First half
108,000
0.9
1,500 152.3
500 309.8
Full year
220,000
1.7
4,500 16.22,500
12.8(Note) Revision to the financial results forecast announced most recently: None(500)
1,000%

Yen(54.9)(1.46)
2.93* 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: Yes
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, 2016: 342,584,332 shares
March 31, 2015: 342,584,332 shares2) Total number of treasury shares at the end of the period:
June 30, 2016: 736,598 shares
March 31, 2016: 733,884 shares
3) Average number of shares during the period:
Three months ended June 30, 2016: 341,849,341 shares
Three months ended June 30, 2015: 341,868,653 shares* Presentation regarding the implementation status of the quarterly review procedures
These quarterly financial results are outside the scope of quarterly review procedures under the Financial
Instruments and Exchange Act. At the time of disclosure of these quarterly financial results, review proceduresfor the quarterly financial statements have not been completed.
* 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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3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2016
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
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
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of June 30, 2016

11,381
48,33827,458
7,646
10,3994,870(188)109,907

12,94546,27625,936
6,944
10,755
4,597(244)107,21228,35055,571
22,518535
2,899
109,875

27,89953,69022,441
2,148
2,784
108,964

225
225

205
205

18,554
2,932(338)
21,147
131,248
241,155

17,5152,601(112)
20,004
129,174
236,387(Million yen)
As of March 31, 2016
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Reserve for loss on dissolution of employee's fundNet 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, 201623,245
81,176345
13,910118,677

22,57480,803
182
13,870117,430

57,443
121
9,165
884
3,370
70,985
189,663

56,536
121
9,124
885
2,954
69,623
187,054

32,756
7,456
7,447(145)
47,51432,756
7,456
6,311(145)
46,3783,014
1,577(2,864)
1,727
2,250
51,492
241,155

2,394
1,385
(2,998)781
2,173
49,333
236,387

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

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

For the three months ended
June 30, 2015
52,78747,024
5,763
6,794(1,031)

For the three months ended
June 30, 2016
50,91942,577
8,341
7,823
518

10214
282
110
618

9
217－
88315

605－
100
705
(1,119)562
827
95
1,486(653)

0
3
4

233
2236

217－
85
120
3428(1,543)
314(1,857)
15(1,873)

221
102
64－
2390(807)
288(1,095)
40(1,136)

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Quarterly 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, 2015
(1,857)For the three months ended
June 30, 2016
(1,095)

870
(504)
58

(700)
(159)
(116)

(2)

(78)

420
(1,437)(1,054)(2,150)(1,551)(2,081)

114(68)

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