Mitsubishi Paper Mills Records Extraordinary Income from Strategic Asset Sale

Mitsubishi Paper Mills Limited has announced the recording of a significant gain following the sale of a portion of its investment securities, as part of its ongoing corporate governance and capital efficiency initiatives.

The company reported a gain of approximately ¥3.23 billion (¥611 million on a non-consolidated basis) from the sale of six listed and three unlisted securities conducted between January and March 2026.

This action aligns with the company’s medium-term management plan, which aims to reduce cross-shareholdings to 20% or less of net assets by March 31, 2028, in line with Japan’s corporate governance code.

The gain will be recorded as extraordinary income in the fourth quarter of the fiscal year ending March 31, 2026. Including this transaction, total gains from investment securities sales for the fiscal year are expected to reach approximately ¥4.13 billion on a consolidated basis.

The company stated that it is currently reviewing its full-year financial forecast in light of various factors but has not made any revisions at this time. Any material updates will be disclosed promptly as required.

Strategic Focus on Capital Efficiency

The divestment reflects Mitsubishi Paper Mills Limited’s commitment to improving capital efficiency, strengthening governance practices, and enhancing shareholder value through optimized asset allocation.