Nippon Paper Industries Co., Ltd. (President: Toru Nozawa) has announced price revisions for printing paper and business communication paper in the domestic market to all its agencies.

1. Product subject to price revisions

Printing paper in general

Business communication paper in general

2. Markup

Printing paper  Minimum 15%

Business communication paper  Minimum 15%

3. Timing of implementation

New prices will apply starting from products shipped on August 1, 2022.

4. Reason for implementation

Ever since the price revision was announced in November 2021, fuel prices and logistic costs have continued to rise rapidly given the dramatic changes in world affairs, and the yen's sharp depreciation has worsened the situation. Despite continuous cost cutting and other measures taken by the Company, it has not been able to fully offset the cost increases, and so has decided to revise the product prices once again.