Daio Paper kept 12.2% EBITDA margin in FY2016

Daio Paper, Japan’s leading tissue manufacturer, increased EBITDA by 1% amid 3% growth of net sales in FY2016 (ended March 31, 2017). According to the announcement, the company’s net sales  accounted for JPY 477.1 billion (USD 4.4 billion), generating EBITDA of JPY 58.3 billion in the period (margin 12.2%).

Check other wood business-related companies 4Q2016 schedules for financial and operating results.

Earlier Daio Paper acquired common stock, and the stock acquisition rights of Miura Printing Corporation.

About Daio Paper:

The company has an integrated pulp, paper and paperboard production production of 2.3 Mtpa. The company is ranked third in Japan as a full-range paper manufacturer, engaged in manufacture of more than 20,000 kinds of paper, including newsprint, printing and publication paper, communication paper, wrapper paper, corrugated containers, household paper products, and other paper, from pulp.

Source: Woodbizforum