Financial Summary for the First Quarter of the Fiscal Year Ending May 2027 (Japanese GAAP) (Non-consolidated)

Overview of Results

Okayama Paper Industries Co., Ltd. recorded higher revenue and profits in the first quarter of the fiscal year ending May 2027, supported by product price revisions. Net sales were 2,846 million yen (YoY +3.0%), operating income was 261 million yen (YoY +17.9%), ordinary income was 333 million yen (YoY +19.6%), and quarterly net income was 230 million yen (YoY +3.5%). The containerboard segment posted net sales of 2,431 million yen and segment profit of 237 million yen, driven by price revision effects. The decorative corrugated board segment reported net sales of 414 million yen and segment profit of 24 million yen, also achieving profit growth. The financial position remains healthy with total assets of 18,597 million yen and an equity ratio of 79.6%.

Outlook and Dividends

The full-year earnings forecast remains unchanged from the previous projection disclosed on July 14, 2026. Although demand trends and containerboard market conditions remain uncertain, there are currently no plans to revise the forecast, and the company will disclose information appropriately. There is no information regarding treasury stock. The earnings report does not specify a dividend forecast.