Komori
Governance3863Nippon Paper Industries Co.,Ltd.Materials and Chemicals

Target for reducing cross-shareholdings

The previous target of reducing listed shares by ¥1.5 billion was achieved two years ahead of schedule at the end of FY2025. A new target has therefore been set to reduce cross-shareholdings by ¥2.5 billion based on sale proceeds from FY2026 through the end of FY2030. The company continues to maintain its target of eliminating cross-shareholdings in principle.

Worth reading
76Important
Scored from 2 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
250
¥100 million (based on sale proceeds from FY2026 through the end of FY2030)
Wording
Definitive
How definitive the wording is.

Contents of this filing

Policy on cross-shareholdings

The company has set a target of eliminating cross-shareholdings in principle and will reduce listed shares by ¥2.5 billion based on sale proceeds from FY2026 through the end of FY2030. This includes deemed holdings contributed to a retirement benefit trust.

Policy regarding shares of other companies held to maintain business relationships and for other purposes.

Changes this time

The previous target was to reduce listed shares by ¥1.5 billion from FY2025 through the end of FY2027. As this target was achieved two years ahead of schedule at the end of FY2025, a new target has been set to reduce cross-shareholdings by ¥2.5 billion from FY2026 through the end of FY2030.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Policy on cross-shareholdingsThe company has set a target of eliminating cross-shareholdings in principle and will reduce listed shares by ¥2.5 billion based on sale proceeds from FY2026 through the end of FY2030. This includes deemed holdings contributed to a retirement benefit trust.
Changes this timeThe previous target was to reduce listed shares by ¥1.5 billion from FY2025 through the end of FY2027. As this target was achieved two years ahead of schedule at the end of FY2025, a new target has been set to reduce cross-shareholdings by ¥2.5 billion from FY2026 through the end of FY2030.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteeTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To improve capital efficiency through the effective use of assets, optimization of the balance sheet as a basic strategy under the Medium-Term Management Plan 2030, decisive structural reform, and improved profitability.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Target for reducing cross-shareholdings | Nippon Paper Industries Co.,Ltd. (3863) timely disclosure | Komori