Review of the Plywood Manufacturing Structure Following the Suspension of Operations and Closure of the Kitami Plant

「Meanwhile, in the timber business, intensified price competition with imported products in the plywood market led the Group to conclude that profitability could not be expected under its model of producing and selling plywood at its own plywood manufacturing plant, hereinafter referred to as the Kitami Plant. The Kitami Plant ceased operations at the end of March 2019 and was closed at the end of April of the same year.」