3 rd Quarter FY2009 Financial Review

Transcription

1 3 rd Quarter FY2009 Financial Review February 1, 2010 Nippon Paper Group, Inc.

2 Nippon Paper Group Contents 3 rd Quarter FY2009 Review (October 1-December 31, 2009) (1) Overview 3-5pp (2) Topics 6p (3) Financial results 7-11pp (4) Earnings forecasts 12-13pp (April 1, 2009-March 31, 2010) 2

3 (1) Industry Overview 1 Domestic Shipment Paper industry Domestic shipment of paper and paperboard 3Q/FY2009 (Oct. - Dec. 2009) Newsprint Uncoated printing paper Coated printing paper Business communication paper Other papers(packaging paper, sanitary paper, and paper for miscellaneous uses) Paper total Paperboard total Paper and paperboard total Bitoko paper is included in coated printing paper. Source: Japan Paper Association Shipment(1,000 tons) , ,913 2,828 6,742 % change yoy -3.8% -3.8% -8.2% -4.2% % -4.5% 1.6% -2.0% 3

4 (1) Industry Overview 2 Market Price Trend Paper industry ( /kg) Printing A (Woodfree) A2 Coated (Coated woodfree) Trend in paper and paperboard prices (Apr Dec. 2009) A3 Coated (Light weight coated woodfree) Kraft-liner board ( /kg) Apr Oct Apr Oct Source: Nihon Keizai Shimbun Inc. 4

5 Eucalyptus (AU$/BDT) (1) Industry Overview 3 Cost Environment Paper industry Wastepaper ( /kg) Trend in fuel and raw material prices (Apr Dec. 2009) ONP OCC Eucalyptus NBSK Crude oil Coal Apr. 08 Oct. 08 Apr. 09 Oct. 09 NBSK (US$/t) Dubai Crude oil Coal (US$/BL) (US$/t) Source: Paper Recycling Promotion Center, Pulp&Paper Week, Crude oil= Platts, Coal=Global Coal Index 5

6 (2) Group Topics Topics (Oct Jan. 2010) Nov.09 -Nippon Paper Group, Inc. and NARO(*) have developed a new tea species Dec.09 -Nippon Paper Chemical to build a new pulp machine at Gotsu Mill -Nippon Paper industries joined a promotion program for utilizing thinning logs in Nishiawakura village, Okayama Pref. Jan.10 -SHIKOKU COCA-COLA BOTTLING Co., Ltd to expand PET bottle filling line (*) NARO: National Agriculture and Food Research Organization 6

7 (3) Financial Results 1 Outline Consolidated operating results ( billion) 3Q FY2008 3Q FY2009 FY mos Accum. (Apr. Dec. 2009) <Net sales> <Operating income> <Ordinary income> <Net income>

8 (3) Financial Results 2 Sales volume by product (Thousand tons) 3Q 3Q % change FY2008 FY2009 yoy Newsprint % Uncoated paper % Coated paper % Business communication paper % Packaging paper and others % Total domestic sales 1,128 1, % Export (including newsprint) % Total (paper) 1,227 1, % Contaier board % Folding box board and others % Total domestic sales % Export % Total (paperboard) % Grand total (paper and paperboard) 1,642 1, % 8

9 (3) Financial Results 3 Segment information ( billion) Division 3Q FY2008 Sales 3Q FY2009 Change Operating income 3Q 3Q Change FY2008 FY2009 Pulp and Paper Paper-related (cartons, chemical products) Housing and Construction Materials Other (beverages, transport) Total

10 (3) Financial Results 4 Analysis of profit and loss 3Q/FY2009 vs. 3Q/FY2008 ( billion) Increase in operating income 6.4 bn ( 12.3bn 5.9bn) Increase in operating income +6.4 Increase in ordinary income 7.4bn ( 10.8bn 3.4bn) Cost reduction, etc Sales volume Sales price Raw material & fuel prices Others

11 (3) Financial Results 5 Balance sheet Balance sheet Sep. 31, 2009 Dec. 31, 2009 Change Cash and time deposits Notes and accounts receivable Inventories Other current assets Comments ( billion) Property, plant, equipment, and intangible fixed assets Capital investment7.8bn, Depreciation bn, etc. Investments and other assets Total assets 1, , Interest-bearing debt Other debt Net assets

12 (4) Earnings Forecast 1 Outline FY2009 Earnings forecast revised: ( billion) Previous: as of 30 Oct.09 Revised: as of 1 Feb.10 FY2008 Results <Net sales> 1, , ,188.1 <Operating income> <Ordinary income> <Net income>

13 (4) Earnings Forecast 2 Analysis of profit and loss FY2009 forecast vs. FY2008 ( billion) 20.0 Previous Revised (change) (-0.2) (+2.0) (-1.8) (-1.9) (+6.3) (-0.4) Sales Volume Sales Price Others Raw material Cost reduction, etc Total & fuel prices 13

14 Disclaimer Regarding Forward-Looking Statements Any statements in this presentation document, other than those of historical fact, are forward-looking statements about the future performance of Nippon Paper Group,Inc. and its group companies. These statements are based on management s assumptions and beliefs in light of information currently available, and involve risks and uncertainties. Actual results may differ materially from these forecasts. Nippon Paper Group, Inc.