[Breaking] Q1 Results: Consolidated operating profit lands at ¥3.9 billion (^o^)♪

Regarding the progress rate against the first-half earnings outlook,

Operating profit: 32.5%

Ordinary profit: 93.3%

First-half net profit: 53.3%

The most important metric is operating profit. Ordinary profit isn't directly tied to core operations, and net profit includes extraneous gains—making it a rather ambiguous figure for assessment (^o^)♪

Concerning the decline in pulp prices you're likely wondering about, management noted that pulp prices outside of China are actually trending upward, so they anticipated achieving their initial forecast as planned.

At the beginning of the earnings presentation materials, the CEO included a personal message accompanied by their photo—I think this is excellent (^o^)♪ As I've mentioned many times before, the most crucial thing is that the company executes its plan as scheduled, and indeed, the earnings materials repeatedly emphasized that performance is right on track with the original plan (^o^)♪

I’ll be looking forward to the Q&A summary from the earnings call, hoping for some positive commentary (^o^)♪

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