Nippon Paper Industries is expected to record approximately ¥37 billion in extraordinary income in its full-year consolidated results for the fiscal year ending March 2027 after selling part of its LINTEC shareholding. It will continue to hold the approximately 1.4 million unsold shares for the time being.
Nippon Paper Industries announced that it had sold approximately 18.2 million of its holdings in LINTEC. As a result, it is expected to record approximately ¥37 billion as extraordinary income from the gain on sale of investment securities. The company explained that the sale of the securities would affect the group’s finances.
The company said it would continue to hold the approximately 1.4 million shares that could not be sold for the time being. The article contains no information on the timing of further sales or subsequent developments.