TOKYO, Jul 06 (Pulse News Wire) – Kyodo Paper Holdings (9849.T) received a notice from the Tokyo Labor Bureau canceling the payment decision and requiring the return of employment adjustment grants previously announced on June 26, 2026. The company had decided to fully repay the previously received grants and applied for voluntary repayment.
As a result, the total amount to be returned is ¥70.4 million. This return will be recorded entirely as a special loss in the first quarter of the fiscal year ending March 2027.
The company stated it would take measures such as strengthening business checks to prevent recurrence of similar issues. In a statement, President Masami Gomiji apologized to shareholders, trading partners, and all stakeholders for any inconvenience and concern caused by this situation.
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