Nippon Paper Industries Co., Ltd.
Termination of Graphic Paper and Pulp Operations at Yatsushiro Mill and Future Business Policy
Termination of graphic paper and pulp operations at Yatsushiro Mill. Going forward, plans for the household paper business will be re-examined and new business and collaboration opportunities will be explored, with emphasis on maintaining employee employment. In line with the Medium-Term Management Plan 2030, the company will transition to a more capital-efficient structure. Impairment of fixed assets due to the earthquake has been recorded and its impact disclosed as an extraordinary loss.
Key Figures
- Recording of extraordinary losses (losses due to the earthquake, losses from disaster)
- Recorded impairment loss on fixed assets of 15,100 million yen
- Full-year forecasts include approximately 20,000 million yen of losses
AI要約
Business Restructuring and Policy
It has been decided to terminate graphic paper and pulp operations at Yatsushiro Mill. Due to the extensive damage and difficulty of restoration, production will be transferred to other mills where possible, and outsourcing or cessation of production to third parties will be advanced. Construction for the household paper business will be temporarily suspended and plans re-examined. The company will pursue new businesses and collaborations and aim to rebuild operations that utilize regional resources, including domestically sourced timber. Maximum consideration will be given to securing employee employment, and the company will continue dialogue with partner companies.
Outlook and Impact
Production suspension at Yatsushiro Mill due to the damage may be prolonged, and impairment of fixed assets will be recorded as an extraordinary loss. In line with the Medium-Term Management Plan 2030, the company will shift to a more capital-efficient business structure to develop sites that contribute to regional communities and group growth. At this time, the financial impact relates to the recording of extraordinary losses and revisions to earnings forecasts.
Nippon Paper Industries Co., Ltd.
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