TOKYO, June 29 (Pulse News Wire) – Kyodo Paper Holdings (9849.T) disclosed significant shareholder information regarding its related company, Nippon Paper Industries Co., Ltd. As of March 31, 2026, Nippon Paper Industries holds a combined 30.37% voting rights stake in Kyodo Paper Holdings, consisting of a direct holding of 18.71% and an aggregated subsidiary share of 11.66%.
Nippon Paper Industries owns 10.01% of Kyodo Paper Holdings' shares directly and combines this with holdings through subsidiaries such as Nippon Paper Commerce Co., Ltd. and Nippon Paper Papilia Co., Ltd., resulting in a total control of 30.37%. Additionally, Kyodo Paper Holdings considers Nippon Paper Industries as an equity-method affiliate due to this substantial stake. Two individuals associated with Nippon Paper Industries serve as outside directors of Kyodo Paper Holdings—one is an employee of Nippon Paper Industries, while the other is an officer of its subsidiary, Nippon Paper Commerce Co., Ltd.
Both directors were appointed to enhance the audit committee's expertise in the paper industry without interfering with independent management decisions. Their appointments were made at the request of Kyodo Paper Holdings, ensuring operational independence from controlling shareholders. In terms of transactions, Kyodo Paper Holdings purchases products from Nippon Paper Industries through distribution channels and resells them to end customers. There are no direct dealings between the two companies.
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