Nippon Paper Industries Co.,Ltd. [3863.T]
TOKYO, May 15 (Pulse News Wire) – Nippon Paper Industries CO.,LTD. (3863.T) announced today that it has achieved its previous goal two years ahead of schedule, reducing listed shares by ¥15.00 billion based on sale proceeds by the end of fiscal 2025.
As a result, the company has set a new target to reduce listed shares by ¥25.00 billion over the next five years, ending in fiscal 2030. This reduction includes phantom holdings transferred to pension trust funds.
The aim is to optimize the balance sheet, implement structural reforms, and enhance capital efficiency through improved profitability, aligning with the Mid-Term Business Plan 2030's strategic objectives. Looking forward, Nippon Paper remains committed to phasing out policy shareholdings entirely as part of its strategy for sustainable growth.
The company will continue to push forward with initiatives aimed at reducing policy shareholdings while maintaining transparency by regularly disclosing progress updates.
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