QUICK Corp.

Equity Bottom-Up

Based on recent trends, etc., the company have revised downward to a plan to reduce OP by -34% YoY
OP decreased 47% in 1H due to a decline in sales volume and softening of the pulp market The consolidated financial results for 1H of FY3/21 were -14% YoY of sales and OP was JPY29.3bn (-47% YoY). Overseas business saw a significant decline in profits, mainly due to the softening of overseas pulp market conditions. Profit in the domestic business also fell sharply due to the impact of declining…

Notes: This is translated from our Japanese report issued on 13 Aug 2020.
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In 1Q, OP decreased by 55% YoY. Both domestic and overseas profits declined
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Softening of pulp market and decrease in sales volume of printing paper had a negative impact The consolidated financial results for 1Q FY3/21 were a 14% YoY decrease in sales and an OP of JPY11bn (-55% YoY). The overseas business saw a significant decline in profits mainly due to the softening of the overseas pulp market, and the domestic…

Japan

Oji Holdings Corp manufactures paper, pulp, and processed paper goods, including news print, carbonless paper, wrapping and packaging paper, and paperboard. The Company also produces sanitary paper goods such as disposable diapers. Oji Paper has forests in Japan and overseas, and operates forestry, timber sales, and real estate businesses.

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