Notice Concerning Recognition Of An Extraordinary Loss Resulting From Temporary Suspension Of Business At A Hungarian Consolidated Subsidiary
BRIEF-Nippon Paper Industries Co., Ltd.- Notice Concerning Recognition Of An Extraordinary Loss Resulting From Temporary Suspension Of Business At A Hungarian Consolidated Subsidiary Sept 7 (Reuters) - Nippon Paper Industries Co., Ltd. 3863.T:
NIPPON PAPER INDUSTRIES CO., LTD.: NOTICE CONCERNING RECOGNITION OF AN EXTRAORDINARY LOSS RESULTING FROM TEMPORARY SUSPENSION OF BUSINESS AT A HUNGARIAN CONSOLIDATED SUBSIDIARY
NIPPON PAPER INDUSTRIES CO., LTD.: EXPECT TO RECOGNIZE AN EXTRAORDINARY LOSS OF APPROXIMATELY 5.0 BILLION YEN, INCLUDING AN IMPAIRMENT LOSS ON NON-CURRENT ASSETS, FOR FISCAL YEAR ENDING MARCH 31, 2027
NIPPON PAPER INDUSTRIES CO., LTD.: THIS AMOUNT IS ONLY A CURRENT ESTIMATE AND MAY CHANGE THROUGH SUBSEQUENT CLOSING PROCESS
NIPPON PAPER INDUSTRIES CO., LTD.: EXTERNAL ENVIRONMENT SURROUNDING EV MARKET HAS GROWN INCREASINGLY CHALLENGING, WITH SUCCESSIVE REVIEWS OF ENVIRONMENTAL REGULATIONS BY COUNTRIES IN EUROPE AND NORTH AMERICA, CHANGES IN POLICIES TO PROMOTE EV ADOPTION, AND REVISIONS TO SUBSIDY SYSTEMS
Source text: ID:nTSug82060
Further company coverage: 3863.T
(Reporting by Tokyo Newsroom)
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