Nippon Paper Industries Co., Ltd. (TSE: 3863) has revised, sharply upward, the special gain it expects to book for the fiscal year ending March 2027. In an amended extraordinary report filed with the Kanto Local Finance Bureau on September 2, the paper maker corrected an August 25 disclosure that had put the non-consolidated gain on sale of affiliate shares at approximately ¥26.3bn. The revised figure is now approximately ¥82.7bn, more than triple the original estimate.
The amendment also adds a consolidated gain on sale of investment securities of approximately ¥36.2bn. That figure is absent from the corresponding item as quoted from the original August 25 disclosure within this filing.
| Accounting basis | Original estimate (Aug 25 filing) | Revised estimate (Sept 2 filing) |
|---|---|---|
| Non-consolidated gain on sale of affiliate shares | ≈¥26.3bn | ≈¥82.7bn |
| Consolidated gain on sale of investment securities | Not shown in this item | ≈¥36.2bn |
The original report cited a single triggering event dated August 24, 2026; the amended version adds a second event date of September 1, 2026, and widens the legal basis for the disclosure to cover an additional clause of the corporate-disclosure ordinance alongside the one already cited. The filing states the two events materially affect the financial position, results and cash flow of the company and its group. The filing identifies the transactions only as a sale of affiliate shares on a non-consolidated basis and a sale of investment securities on a consolidated basis; it does not name the counterparties, the specific securities sold, or any use of proceeds.
Nippon Paper filed a separate, purely administrative correction the same day: an amendment to the ¥100bn bond shelf registration it set up in July 2025, whose only stated function is to attach the amended extraordinary report as a reference document. The registration's issuance cap is unchanged and remains valid through August 1, 2027.