Recognition of an extraordinary loss
JAPAN PULP AND PAPER COMPANY LIMITED, overseas consolidated subsidiary OVOL Papier Deutschland GmbH and 2 other companies, including OVOL Papier companies, and domestic non-consolidated subsidiaries and affiliates
Overseas consolidated subsidiaries, and domestic non-consolidated subsidiaries and affiliates, including OVOL Papier companies
The net asset value of the shares of affiliates had declined significantly. Overseas consolidated subsidiaries incurred costs in connection with structural reforms, and a review of future plans indicated that realization of the originally projected earnings was expected to be delayed.
Impairment loss on shares of affiliates of ¥8,468 million, recognized as an extraordinary loss in the standalone financial statements. Of this amount, ¥8,394 million relates to consolidated subsidiaries and was eliminated in the consolidated financial statements. Business structure improvement expenses of ¥2,464 million and a goodwill impairment loss of ¥1,776 million, both recognized as extraordinary losses in the consolidated financial statements.
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
The impact of the above extraordinary losses on results is reflected in the “Summary of Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)” released today.
| Item | Details |
|---|---|
| Event name | Recognition of an extraordinary loss |
| Subject Entity | JAPAN PULP AND PAPER COMPANY LIMITED, overseas consolidated subsidiary OVOL Papier Deutschland GmbH and 2 other companies, including OVOL Papier companies, and domestic non-consolidated subsidiaries and affiliates |
| Target Locations / Products | Overseas consolidated subsidiaries, and domestic non-consolidated subsidiaries and affiliates, including OVOL Papier companies |
| Cause | The net asset value of the shares of affiliates had declined significantly. Overseas consolidated subsidiaries incurred costs in connection with structural reforms, and a review of future plans indicated that realization of the originally projected earnings was expected to be delayed. |
| Amount of Impact on Business Performance | Impairment loss on shares of affiliates of ¥8,468 million, recognized as an extraordinary loss in the standalone financial statements. Of this amount, ¥8,394 million relates to consolidated subsidiaries and was eliminated in the consolidated financial statements. Business structure improvement expenses of ¥2,464 million and a goodwill impairment loss of ¥1,776 million, both recognized as extraordinary losses in the consolidated financial statements. |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | The impact of the above extraordinary losses on results is reflected in the “Summary of Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)” released today. |
Items this document does not state (18)
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.The net asset value of the shares of affiliates had declined significantly, costs were incurred in connection with structural reforms at overseas subsidiaries, and a review of the plans indicated that realization of the projected earnings was expected to be delayed.