Daio Paper Shows Mixed Q1 Results, Maintains Dividend

Daio Paper Corporation (JP:3880) has released an update.

Daio Paper Corporation reported a slight increase in net sales by 2.6% for the three months ended June 30, 2024, but experienced a significant drop in operating profit, ordinary profit, and profit attributable to owners by 29.3%, 23.1%, and a loss of 1,083 million yen respectively compared to the previous year. The company’s equity-to-asset ratio showed a minor improvement from 26.4% to 26.7%. Despite these mixed results, the company is maintaining its total forecasted annual dividend at 16.00 yen per share, identical to the previous fiscal year.

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