Nippon Paper Industries announced that it had changed its consolidated earnings forecast for the fiscal year ending March 2027 to "undetermined." The company said it was doing so to assess in detail the impact of the Yatsushiro Mill and other facilities damaged by the Kumamoto Earthquake.
Nippon Paper Industries announced that it would change its consolidated earnings forecast for the fiscal year ending March 2027 to "undetermined." As a result, the company will not disclose the outlook itself at this stage, rather than revise its previous forecast.
The announcement was attributed to the impact of the Kumamoto Earthquake, which recorded a maximum seismic intensity of 7. The company said it needed to assess in detail the impact on its production and supply systems, including the damaged Yatsushiro Mill in Yatsushiro, Kumamoto Prefecture.
The change appears to be part of the process of assessing the recovery status following the earthquake in July and the extent of the impact on production lines. The timing of the next disclosure of the earnings outlook remains undetermined.