Transfer of Opal's bag-making business to A.C.N. 700 735 575 Pty Ltd
Consolidated subsidiary Paper Australia Pty Ltd (Opal)
Bag-making business in Australia and New Zealand, including multiwall sacks for food products such as milk powder and flour, industrial products such as cement, paper bags for sugar and other products, and paper shopping bags
Based on the basic strategy of the Medium-Term Management Plan 2030, Opal will concentrate its management resources on its integrated containerboard manufacturing and processing business to achieve an early return to profitability. The bag-making business is classified as non-core.
An extraordinary loss of approximately ¥6 billion is expected to be recorded. This is the current estimate and may change as the accounts are finalized.
Fiscal year ending March 2027
The business transfer is scheduled to take place on 1 September 2026. At Opal, management resources will continue to be concentrated on the integrated containerboard business in line with its policy of selectively focusing on businesses.
| Item | Details |
|---|---|
| Event name | Transfer of Opal's bag-making business to A.C.N. 700 735 575 Pty Ltd |
| Date of occurrence | 5 August 2026 (date of the decision and agreement signing; the business transfer is scheduled for 1 September 2026) |
| Subject Entity | Consolidated subsidiary Paper Australia Pty Ltd (Opal) |
| Target Locations / Products | Bag-making business in Australia and New Zealand, including multiwall sacks for food products such as milk powder and flour, industrial products such as cement, paper bags for sugar and other products, and paper shopping bags |
| Cause | Based on the basic strategy of the Medium-Term Management Plan 2030, Opal will concentrate its management resources on its integrated containerboard manufacturing and processing business to achieve an early return to profitability. The bag-making business is classified as non-core. |
| Amount of Impact on Business Performance | An extraordinary loss of approximately ¥6 billion is expected to be recorded. This is the current estimate and may change as the accounts are finalized. |
| Accounting period in which recognized | Fiscal year ending March 2027 |
| Outlook | The business transfer is scheduled to take place on 1 September 2026. At Opal, management resources will continue to be concentrated on the integrated containerboard business in line with its policy of selectively focusing on businesses. |
Items this document does not state (17)
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.Based on the Medium-Term Management Plan 2030's initiatives to optimize the balance sheet (B/S), implement decisive structural reform and improve profitability, Opal will concentrate its management resources on its integrated containerboard manufacturing and processing business in Australia and New Zealand to achieve an early return to profitability. The bag-making business is described as non-core.