SHOWA PAXXS CORPORATION [3954.T]
TOKYO, May 18 (Pulse News Wire) – Showa Paxxs Corporation (3954.T) corrected its fiscal year 2026 March quarterly report due to errors identified in previously released figures. The correction pertains specifically to the performance overview of certain subsidiaries within the consolidated financial statements.
In the revised report, Showa Paxxs Thailand Co., Ltd. experienced reduced sales volumes due to decreased production from key suppliers, leading to lower revenues and profits in both local currency and yen. Kyushu Paper Industry Co., Ltd. saw slight increases in sales volume resulting in higher revenue and profit. However, NESCO Co., Ltd.
Reported a minor decline in transactions with major clients, which resulted in reduced revenue but increased profitability. Yamaguchi Bag Manufacturing Co., Ltd. also recorded modest growth in sales volume, contributing to improved revenue and profit. The corrections highlight adjustments made to reflect more accurate representations of subsidiary performances during the reporting period. Notably, the numerical data in XBRL format remains unchanged.
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