Nippon Paper announced that it will halt its consolidated subsidiary in Hungary, which manufactures and sells EV-related products, by year-end. The halt is planned for the end of 2026, and the company expects to record approximately ¥5 billion in special losses, including impairment losses on fixed assets, for the fiscal year ending March 2027.
Nippon Paper disclosed that its consolidated subsidiary in Hungary manufactures and sells EV-related products and announced plans to halt the subsidiary by year-end. The halt is planned for the end of 2026.
In connection with the halt, the company expects to record approximately ¥5 billion in special losses for the fiscal year ending March 2027, primarily due to impairment losses on fixed assets and other factors.