The investigation revealed instances where employees worked beyond scheduled short-term rest periods, leading to potential misrepresentations in subsidy applications. As a result, the company plans to record the returned amount as a special loss in the first quarter of its fiscal year ending March 2027.
The estimated refund amount is June 26, 2026. In response to this issue, the company stated it would immediately proceed with the refund upon receiving formal notification from the Tokyo Labor Bureau.
Additionally, Kyodo Paper Holdings emphasized its commitment to enhancing operational checks moving forward to prevent such occurrences. This decision underscores the company's dedication to maintaining transparency and adhering to regulatory standards.
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