October 4, 2005

Capital Participation in YOSHIKAWA PAPER CO., LTD.

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. (President: Masatomo Nakamura) is pleased to announce that it has acquired 640,000 shares of YOSHIKAWA PAPER CO., LTD., a leading wholesaler in the paper market. The equity stake accounts for 33.3 percent of all issued shares of the company, specifically 1.92 million shares.
Nippon Paper Industries' products occupy the leading share of the paper products handled by YOSHIKAWA PAPER. In the future, Nippon Paper Industries will provide development support to the company and bolster trading relations.
1. Company name: YOSHIKAWA PAPER CO., LTD.
2. Location: 1-12-5 Kyobashi, Chuo-ku, Tokyo
3. Representative: Seigo Yoshikawa, President and Representative Director
4. Date of establishment: January 1941
5. Capital: 96 million yen
6. Sales: 28.4 billion yen
7. Number of employees: 230