Press ReleasesNippon Tokai Industrial Paper Supply Announces Linerboard and Corrugated Medium Price Revisions

Nippon Tokai Industrial Paper Supply Co., Ltd.

Nippon Tokai Industrial Paper Supply Co., Ltd. (President: Satoru Muto; hereinafter, "NTI") has announced price revisions for linerboard and corrugated medium.

1. Products subject to price revisions Overall linerboard and corrugated medium
2. Markup Minimum 20%
3. Timing of implementation From May 21, 2017 shipment
4. Reason for implementation

Linerboard and corrugated medium business of NTI, Nippon Paper Industries Co., Ltd. and Shin Tokai Paper Co., Ltd. have been facing a difficult earnings condition because of rising prices of a number of raw materials and fuels, including waste paper, since the second half of last year.

These 3 companies has been promoting thorough cost reductions, but the current price level is lower than the revenue level where reproducible profit can be secured through our independent efforts alone. Therefore, the Company decided the revision of the product prices.