Latest Tokyo Brief coverage on Nippon Paper Industries Co.,Ltd., tracking filings, financial news, and market signals from Japan.
TSE:3863
Nippon Paper is closing its wholly owned Hungarian subsidiary that makes a lithium-ion battery chemical, booking a roughly ¥5bn impairment as it blames shifting European and US EV subsidies and rules for killing the plant's economics after local production began in 2025.
Nippon Paper Industries lifted its expected non-consolidated gain from a share sale to about ¥82.7bn, up from ¥26.3bn, and added a previously undisclosed ¥36.2bn consolidated gain, in a September 2 correction that also adds a newly disclosed event dated September 1.
Nippon Paper priced the sale of a large Lintec stake at ¥63.6bn after Lintec's ¥30bn ToSTNeT-3 buyback trimmed the block, and underwriters routed just over five million shares to European and Asian buyers, with settlement due September 8.
Lintec's ¥30bn treasury buyback absorbed ¥29.4bn of Nippon Paper's stake directly, cutting the pending secondary offering to 12.4 million shares and handing Nippon Paper a ¥26.3bn gain ahead of pricing due September 1 to 3.
Lintec approved a ¥30bn share buyback the same day Nippon Paper agreed to sell nearly all its 20 million Lintec shares, a sale that ends Nippon Paper's run as Lintec's top shareholder and equity-method partner.
Nippon Paper withdrew its ¥1.22tn sales forecast for the year to March 2027 after a fatal tank collapse at its Washington-state unit and earthquake damage shut its Kumamoto mill, and it has not said when a new number will arrive.
Nine people, six Nippon Paper employees and three contractor staff, died when an earthquake hit the company's Yatsushiro Mill in Kumamoto Prefecture, and production there remains halted while the company checks damage and taps other plants and inventory to keep supply flowing.