TYO:3863

4 stories mentioning TYO:3863Updated just now

Every FINWIRES story that references TYO:3863, newest first.

Nippon Paper Industries to Temporarily Suspend Hungarian EV Battery Material Subsidiary

Nippon Paper Industries (TYO:3863)has decided to temporarily suspend operations at its Hungarian subsidiary, Nippon Paper Chemicals Europe (NPCE) due to deteriorating EV market conditions in Europe and North America.The suspension, effective Dec. 31, aims to prevent further losses and cash flow deterioration, as the company look at optimizing balance sheet, according to a Tokyo bourse filing on Monday.NPCE, established in 2022 and fully owned by Nippon Paper, posted net sales of only 74,000 euro and an operating loss of 5.98 million euro for the year ended December 2025.The company expects to book an extraordinary loss of 5 billion yen for the fiscal year ending March 2027, while production will be consolidated at its domestic Gotsu Mill to improve efficiency and competitiveness.

TYO:3863

Asia17d ago

Nippon Paper to Sell Lintec Stake Through a Secondary Offering

Nippon Paper Industries Co. (TYO:3863) said its board agreed to sell its common shares in Lintec (TYO:7966) through a secondary offering as part of its review of its business portfolio and assets from the perspective of capital efficiency.The Japan-based paper manufacturer said the share sale is part of measures outlined in its Medium-term Business Plan 2030, prioritizing balance sheet optimization, structural reforms, and profitability improvement.The proceeds from the sale will be used to reduce interest-bearing debt and strengthen the soundness and efficiency of its financial base and improve capital efficiency.

TYO:3863TYO:7966

Asia18d ago

Lintec Plans Secondary Offering for 17 Million Shares by Nippon Paper Industries

Lintec (TYO:7966) said it will conduct a secondary offering of up to 17.1 million common shares, with Nippon Paper Industries Co. (TYO:3863) selling the shares as part of its review of its business portfolio and assets from the perspective of capital efficiency.The Japanese manufacturer said that offering is expected to result in Nippon Paper ceasing to be its major shareholder and largest major shareholder, according to a Tokyo Stock Exchange filing on Thursday.The selling price will be determined between Sept. 1 and Sept. 3, and additionally, the company has also approved a share buyback totaling 30 billion yen between Aug. 24 and Aug. 26, improving shareholder returns.

TYO:3863TYO:7966

Asia98d ago

Nippon Dynawave Packaging Updates on U.S. Facility Tank Collapse Incident

Nippon Paper Industries (TYO:3863) said a chemical tank collapsed at its U.S. subsidiary Nippon Dynawave Packaging's Washington State facility on May 26, with the cause currently under investigation by authorities.As of May 28 local time, the accident has resulted in eight confirmed deaths, three missing persons, and eight injured, while search efforts continue in coordination with local police and fire authorities under the Incident Command System, according to a Tokyo bourse filing on Friday.Damage includes one chemical tank, and the environmental impact, as well as effects on production, shipments, and financial performance, are still being assessed.

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