Nippon Paper Industries Halts Operations After Deadly Earthquake; Impact Under Review

TOKYO, Jul 31 (Pulse News Wire) – Nippon Paper Industries CO.,LTD. (3863.T) reported that nine employees, six from the company and three from cooperating firms, lost their lives at its Yao Factory in Yao City.

The company suspended operations at the factory, which remains closed while damage assessments continue. In addition to the tragic loss of life, the company confirmed that all other employees who were working at the factory on the day of the quake have had their safety verified. To ensure stable supply, Nippon Paper is utilizing inventory reserves and implementing backup production from other facilities.

Regarding the impact on performance, the company stated that it is currently reviewing the situation and will disclose further details as necessary. A crisis management headquarters led by the president has been established to prioritize the safety and support of affected employees and their families. The company continues to work closely with related authorities to address the situation comprehensively.