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Mitsubishi Paper Mills Ltd (3864.T)

3864.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

JFE Engineering secures biomass power plant project - Nikkei
Friday, 7 Oct 2016 

Nikkei: JFE Engineering secures biomass power plant project - Nikkei . JFE Engineering secures contract estimated at $173 million to $192 million from company backed by Mitsubishi Paper Mills and Oji Holdings unit - Nikkei .JFE Engineering secures contract to build a biomass power plant fueled by wood chips, coconuts and coal in japan's Aomori Prefecture - Nikkei.  Full Article

Mitsubishi Paper Mills revises consolidated full-year outlook for FY 2016
Friday, 29 Apr 2016 

Mitsubishi Paper Mills Ltd:Says the company lowered the consolidated full-year outlook for revenue to 216,000 million yen from 223,000 million yen for FY ended March 2016.Operating profit forecast increased to 3,800 million yen from 3,500 million yen.Ordinary profit forecast increased to 2,200 million yen from 1,500 million yen.Net profit forecast increased to 2,200 million yen from 2,000 million yen.Earnings per share increased to 6.44 yen from 5.85 yen.FY 2016 revenues of 221.15 billion yen, net income of 2.30 billion yen – Thomson Reuters I/B/E/S.Comments the decrease of the domestic demand of paper and costs reduction are the main reasons for the forecast.  Full Article