Nippon Paper forms its fourth medium-term business plan, aims to achieve operating income of 70B yen in 2014, complete revitalization plan, extend areas of business growth

Kendall Sinclair

TOKYO , May 23, 2012 (press release) –
- Completing the Revitalization Plan and Transforming the Business Structure, aiming for operating income of 70 billion yen -

Nippon Paper Group, Inc. (President: Yoshio Haga) has formulated the Fourth Medium-Term Business Plan (FY2012-FY2014). This is the last medium-term business plan for Group Vision 2015, and aims to achieve operating income of 70 billion yen in FY2014.

After sustaining severe damage to major plants such as the Nippon Paper Industries Ishinomaki Mill (Ishinomaki, Miyagi Prefecture) in the Great East Japan Earthquake, the Group has been moving forward with the Plan for Paper Business Revitalization, designed not only to achieve a recovery at the Ishinomaki Mill but to shut down facilities with a combined total production capacity of 800,000 tons.

The Fourth Medium-Term Business Plan aims to complete the Revitalization Plan in order to enhance the earnings strength of the paper businesses, as well as to extend areas of business growth such as packaging, processed paper products, lumber, chemical products, and energy, with a view to achieving sustainable growth while transforming the business structure of the Group.

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