FY st Quarter Financial Review

Transcription

1 FY st Quarter Financial Review August 3, 2004 Nippon Unipac Holding

2 Nippon Unipac Holding Agenda FY2005 1Q Review (Apr. 1, 2004 ~ Jun. 30, 2004) (1) Industry overview (2) Topics of the Group (3) Consolidated results (4) Consolidated forecast of P/L (Apr. 1, 2004 ~ Mar. 31, 2005) 2

3 (1)Industry overview 1Domestic shipment Industry FY2005 1Q Domestic shipment Shipment (1,000t) % change from FY2004 Q1 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 & Paperboard total BITOKO is included in coated printing paper ,481 4,356 2,964 7, % 0.3% 2.4% 1.0% 0.3% 0.7% Source:Japan Paper Association (Temporary figures for June results) 3

4 (1)Industry overview 2Sales price trend Industry ( /kg) Printing A (Woodfree) Trend in Paper and Paperboard prices (April 2002 ー June 2004) A2 coated (Coated woodfree) A3 coated (Light weight coated woodfree) Kraft-linerboard ( /kg) Apr. 02 Apr. 03 Apr. 04 '02/4 '03/4 '04/4 Source: Nihon Keizai Shimbun Inc. 55 4

5 (1)Industry overview 3Trend in materials prices Industry Trend in fuels and raw materials prices (April 2002 ー June 2004) Eucalyptus Wastepaper (AU$/BDT) ( /kg) ONP OCC Old magazine Eucalyptus NBSK Crude oil Coal Apr. 02 Oct. 02 Apr. 03 Oct. 03 Apr. 04 NBSK (US$/t) Dubai Crude oil Coal (US$/BL) (US$/t) Source: Paper Recycling Promotion Center, Pulp&Paper Week, Crude oil= Platts, Coal=Barlow Jonker Index 5

6 (2)Topics of the Group Topics of the FY2005 1Q Apr :Transferred shares in OTAKE. PAPER MFG CO., LTD. to MISHIMA PAPER CO., LTD.. :Transferred former Miyakojima mill vacant lot. :Reorganized trading department, and established SAN-MIC SHOJI CO., LTD.. May :Announced Reinforcing the First Medium-Term Business Plan. June :Started commissioned manufacturing of CCP from Fuji Photo Film Co., Ltd.. :Released OPER MDP, water-resistant paper compatible with color laser printers. :Established Nippon Paper Industries Chengde Co., Ltd.. :Established Nippon Paper Industries Trading (Shanghai) Co., Ltd.. Company Location Project Nippon Paper Industries Inves ted amount (\ billion) Operation start Nakoso Production facilities for commissioned CCP (Transferred coater machine) 2.4 Jun. 04 6

7 (3)Consolidated results 1Outline Consolidated P/L ( billion) FY2004 1Q FY2005 1Q Difference <Net sales> <Operating income> <Ordinary income> <Net income>

8 (3)Consolidated results 2Sales volume by product (Thousand tons) FY2004 1Q FY2005 1Q % Change Newsprint % Uncoated paper % Coated paper % Business communication paper % Packaging paper and others % Total domestic sales 1,309 1, % Export (including newsprint) % Total (paper) 1,422 1, % Contaier board % Folding box board and others % Total domestic sales % Export % Total (paperboard) % Grand total (paper and paperboard) 1,891 1, % 8

9 (3)Consolidated results 3Segment information ( billion) Sales Operating income FY2004 FY2005 FY2004 FY2005 Comments Pulp and Paper Div Paper-related Div. (cartons, chemical products) Paper: Reinforced cost reduction pushed up the profit while sales price softened Paperboard: Price recovery last autumn contributed to the profit improvement Household tissue: Weak sales price/volume Good weather boosted carton shipment. Chlorinated polyolefins sales increased. Housing and Construction Materials Div Strong sales of construction materials driven by steady home construction. Other Div. (beverages, transport) Total Soft drinks sold well. 9

10 (4)Consolidated forecast of P/L The figures of FY2005 estimation are unchanged from the figures announced on May 18. ( billion) 1st Half of FY2005 Est. FY2005 Est. (Reference) FY2004 < Net sales > , ,192.6 < Operating income > < Ordinary income > < Net income >

11 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 Unipac Holding and its group companies, which 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 UNIPAC HOLDING All Rights Reserved