Heiwa Paper Co., Ltd. (9929) Earnings: Ordinary Income Surges 634.7% YoY to 48 Million Yen with Net Sales Up 5.5%

Heiwa Paper Co., Ltd. (9929) released its financial results, reporting net sales of 3,929 million yen, a 5.5% increase year-on-year. Profitability showed a significant recovery, with ordinary income surging 634.7% year-on-year to 48 million yen. Net income attributable to owners of the parent reached 22 million yen, with earnings per share (EPS) at 2.43 yen, and comprehensive income recorded at 261 million yen.

From a financial and valuation perspective, the company maintains a solid equity ratio of 58.8%, reflecting a stable financial foundation. Retained earnings stand at 4.6 billion yen, and EBITDA is reported at 2.9 billion yen. Meanwhile, interest-bearing debt is 1.69 billion yen, while return on equity (ROE) and return on assets (ROA) are 0.78% and 0.44% respectively, highlighting areas for future profitability enhancement.