Integration of the Shimada Mill and Sales Functions with Nippon Paper Industries
First written in FY2016. 12 of 22 entries say "Restated". Latest entry: FY2026.
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- FY2026Sluggish sales and lower sales volumeAnnual report
「Sales of the Company's core products, containerboard and kraft paper, to 日本東海インダストリアルペーパーサプライ株式会社 were sluggish, resulting in sales volume falling below the same period of the previous year.」
The sales structure following the alliance with Nippon Paper Industries remains in place, but sales to 日本東海インダストリアルペーパーサプライ were sluggish during the current fiscal year, resulting in sales volume falling below the same period of the previous year. - FY2026-H1RestatedAnnual report
「Sales of the Company's core products, containerboard and kraft paper, to 日本東海インダストリアルペーパーサプライ株式会社 progressed solidly.」
Under the sales structure following the alliance with Nippon Paper Industries, sales of containerboard and kraft paper to NTI continue to progress solidly. - FY2025-H1RestatedAnnual report
「The Company's core products, containerboard and kraft paper, are sold through 日本東海インダストリアルペーパーサプライ株式会社. Sales volume fell below the same period of the previous year as overall demand for packaging materials such as corrugated board remained sluggish due to consumers holding back on purchases amid rising domestic prices and other factors.」
The sales structure through 日本東海インダストリアルペーパーサプライ remains in place, but sales volume fell below the same period of the previous year due to weak demand for packaging materials amid rising domestic prices and consumers holding back on purchases. - FY2024-Q3RestatedAnnual report
「The Company's core products, containerboard and kraft paper, are sold through 日本東海インダストリアルペーパーサプライ株式会社. Sales volume fell below the same period of the previous year as overall demand for packaging materials such as corrugated board remained sluggish due to consumers holding back on purchases amid rising domestic prices and other factors.」
The sales structure through 日本東海インダストリアルペーパーサプライ remains in place, but sales volume fell below the same period of the previous year due to weak domestic demand for packaging materials. - FY2024-Q2RestatedAnnual report
「The Company's core products, containerboard and kraft paper, are sold through 日本東海インダストリアルペーパーサプライ株式会社. Sales volume fell below the same period of the previous year as overall demand for packaging materials such as corrugated board remained sluggish due to consumers holding back on purchases amid rising domestic prices and other factors.」
The sales structure through NTI remains in place, but demand for packaging materials was sluggish as consumers held back on purchases amid rising domestic prices and other factors, resulting in sales volume falling below the same period of the previous year. - FY2024-Q1Lower sales volume due to weak demand for packaging materialsAnnual report
「The Company's core products, containerboard and kraft paper, are sold through 日本東海インダストリアルペーパーサプライ株式会社. Sales volume fell below the same period of the previous year as overall demand for packaging materials such as corrugated board remained sluggish due to consumers holding back on purchases amid rising domestic prices and other factors.」
The sales structure through NTI remains in place, but demand for packaging materials was sluggish as consumers held back on purchases amid rising domestic prices and other factors, resulting in sales volume falling below the same period of the previous year. - FY2023-Q3RestatedAnnual report
「Sales of the Company's core products, containerboard and kraft paper, through 日本東海インダストリアルペーパーサプライ株式会社 progressed solidly.」
Under the sales structure following the alliance with Nippon Paper Industries, sales of containerboard and kraft paper through NTI are progressing solidly. - FY2023-Q2RestatedAnnual report
「Sales of containerboard through 日本東海インダストリアルペーパーサプライ株式会社 in Japan and overseas progressed solidly. Domestic sales of kraft paper also progressed smoothly.」
Under the sales structure following the alliance with Nippon Paper Industries, domestic and overseas sales of containerboard through NTI and domestic sales of kraft paper continue to be solid. - FY2023-Q1RestatedAnnual report
「Sales of containerboard through 日本東海インダストリアルペーパーサプライ株式会社 in Japan and overseas progressed solidly. Domestic sales of kraft paper also progressed smoothly.」
Under the sales structure following the alliance with Nippon Paper Industries, domestic and overseas sales of containerboard and domestic sales of kraft paper continue to be solid. - FY2022RestatedAnnual report
「Sales of containerboard through 日本東海インダストリアルペーパーサプライ株式会社 in Japan and overseas progressed solidly. Domestic sales of kraft paper also progressed smoothly.」
Under the sales structure following the alliance with Nippon Paper Industries, domestic and overseas sales of containerboard through NTI and domestic sales of kraft paper are progressing solidly. - FY2022-Q2RestatedAnnual report
「Sales of containerboard through 日本東海インダストリアルペーパーサプライ株式会社 in Japan and overseas progressed solidly. Domestic sales of kraft paper also progressed smoothly.」
Under the sales structure following the alliance with Nippon Paper Industries, domestic and overseas sales of containerboard through NTI and domestic sales of kraft paper are progressing solidly. - FY2020-Q3RestatedAnnual report
「Operations under the alliance with Nippon Paper Industries Co.,Ltd. in the containerboard and kraft paper businesses are progressing smoothly, but the timing of recognition of adjustment gains and losses at the consolidated subsidiary 新東海製紙株式会社 changed due to an amendment to the agreement governing the alliance business.」
The alliance business with Nippon Paper Industries is progressing smoothly, while the change in the timing of recognition of adjustment gains and losses resulting from the agreement amendment continues to be reported. - FY2020-Q2Change in the timing of profit and loss recognition due to an amendment to the alliance agreementAnnual report
「Operations under the alliance with Nippon Paper Industries Co.,Ltd. in the containerboard and kraft paper businesses are progressing smoothly, but the timing of recognition of adjustment gains and losses at the consolidated subsidiary 新東海製紙株式会社 changed due to an amendment to the agreement governing the alliance business.」
The alliance business with Nippon Paper Industries is progressing smoothly, while the timing of recognition of adjustment gains and losses at 新東海製紙 changed due to an amendment to the agreement. - FY2018AdvancedAnnual report
「For the Company's core products, containerboard and kraft paper, sales volume exceeded the same period of the previous year, partly because production for 日本東海インダストリアルペーパーサプライ株式会社 progressed smoothly.」
Under the new sales structure following the alliance with Nippon Paper Industries, production for NTI progressed smoothly, and annual sales volume exceeded the previous year. - FY2018-Q3RestatedAnnual report
「One year has passed since the business alliance with Nippon Paper Industries Co.,Ltd. was implemented in October 2016 to strengthen the containerboard and kraft paper businesses, the Company's core businesses. The Company will seek to strengthen cost competitiveness by further pursuing synergies from the alliance.」
One year after the business alliance with Nippon Paper Industries, the Company continues its policy of further pursuing alliance synergies and strengthening cost competitiveness. No new completion or achievement milestone was indicated. - FY2018-Q2AdvancedAnnual report
「For the Company's core products, containerboard and kraft paper, sales volume exceeded the same period of the previous year, partly because production for 日本東海インダストリアルペーパーサプライ株式会社, which began operations in October 2016, progressed smoothly.」
Under the new structure following the alliance with Nippon Paper Industries, production for NTI progressed smoothly, and sales volume exceeded the same period of the previous year. - FY2018-Q1AdvancedAnnual report
「In the industrial materials business, the Company formed a business alliance with Nippon Paper Industries Co.,Ltd. in October 2016 in the containerboard and kraft paper businesses to strengthen its core businesses, and is working to realize the synergies from the alliance at an early stage.」
Following the business alliance with Nippon Paper Industries, the Company has moved to the stage of working to realize synergies at an early stage. - FY2017RestatedAnnual report
「“Pursuing synergies from the joint venture with Nippon Paper Industries Co.,Ltd.”」
Following the integration with Nippon Paper Industries, the pursuit of joint venture synergies has been positioned as a priority measure for the core business going forward. - FY2017-Q3AdvancedAnnual report
「In the industrial materials business, the business alliance with Nippon Paper Industries Co.,Ltd. progressed smoothly from October, and production and sales of containerboard and kraft paper began under the new structure.」
Following the legal business integration, production and sales of containerboard and kraft paper began under the new structure in October. - FY2017-Q2AchievedAnnual report
「In accordance with the integration agreement and the absorption-type company split agreement dated 24 May 2016 with 新東海製紙, the Company conducted an absorption-type company split, effective 1 October 2016, under which the rights and obligations relating to the business operated at the Shimada Mill, including the Company's manufacturing functions for this business, were transferred to 新東海製紙. In addition, in accordance with the integration agreement and the subscription agreement for a third-party allotment dated 3 August 2016 with 新東海製紙, Nippon Paper Industries invested ¥6,250 million, acquiring 122,500 common shares of 新東海製紙, effective 1 October 2016. As a result, the final voting rights ratios in 新東海製紙 were 65% for the Company and 35% for Nippon Paper Industries.」
Effective 1 October 2016, manufacturing functions and other operations at the Shimada Mill changed to 新東海製紙, and Nippon Paper Industries invested ¥6.25 billion. The voting rights ratios in 新東海製紙 became 65% for the Company and 35% for Nippon Paper Industries, completing the integration of the manufacturing functions. - FY2017-Q1AdvancedAnnual report
「In accordance with the integration agreement, at a meeting of the Company's Board of Directors held on 3 August 2016, the Company resolved to conduct an absorption-type company split, effective 1 October 2016, under which the rights and obligations held by the Company in relation to the sales functions of this business would be transferred to 日本東海インダストリアルペーパーサプライ株式会社 (NTI), newly established by Nippon Paper Industries to integrate the sales functions of the two companies. On the same date, the Company entered into an absorption-type company split agreement with NTI. Tokushu Tokai Paper Co.,Ltd. 35%; Nippon Paper Industries Co.,Ltd. 65% (from 1 October 2016)」
In addition to the transfer of manufacturing functions to 新東海製紙, the Company entered into an absorption-type company split agreement to transfer the sales functions to NTI. The effective date and the ownership ratios of the two companies have also been specified. - FY2016First statedAnnual report
「On 25 April 2016, the Company entered into an integration agreement with Nippon Paper Industries Co.,Ltd. covering the separation of the Shimada Mill into a separate company, Nippon Paper Industries Co.,Ltd.'s investment in the new manufacturing company, and the integration of the sales functions of both companies, in order to further strengthen the containerboard and heavy-duty and general-purpose bleached kraft paper businesses. The Company proceeded with preparations for the start of the business alliance in October 2016.」
The parties progressed from the basic agreement to the execution of the integration agreement and shareholders' agreement, with completion of the transaction scheduled for October. Nippon Paper Industries' investment in the new manufacturing company was ¥6,250 million, with Nippon Paper Industries holding 35% and the Company 65%.