Nippon Paper Board of Directors approves restructure plan of its graphic paper production, decides to record impairment loss of 3.2B Japanese yen by shutdown of N1 paper machine and other at its Akita Mill in Japan

November 10, 2022 (press release) –

Nippon Paper Industries Co., Ltd, (the Company) announces that it has posted an extraordinary loss for the first half of the fiscal year ended March 31, 2023 (April 1, 2022- September 30, 2022).

１．Recording of Extraordinary Loss (Impairment Loss)

At the meeting of the Board of Directors on November 9, 2022, the Board approved the restructure plan of its graphic paper production, and it decided to record 3.2billion yen of impairment loss by shutdown of N1 paper machine and other at its Akita Mill.

２．Forecast of Future Performance of the Company

The forecast of future performance of the Company has not been changed from the announcement on August 5, 2022. Further notice will be announced immediately if required.

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