Kyodo Paper Holdings Books ¥70.4mn Loss After Tokyo Labour Bureau Voids Subsidy
The number: the Tokyo Labour Bureau has cancelled Kyodo Paper Holdings' employment adjustment subsidy and confirmed a ¥70.4mn refund, which the paper wholesaler will book as an extraordinary loss in the first quarter of the fiscal year ending March 2027. The company had already applied to return the money voluntarily on June 26 and says it is tightening internal checks after the episode.