Press ReleasesNippon Paper Announces Newsprint Price Revision
Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. (Tokyo: 3863; President: Toru Nozawa; the "Company") has announced a price increase of \300 / ream for newsprint in Japan, for deliveries from April 1, 2023.
Given declining demand for newsprint, coupled with surges in prices for raw materials and
fuel that started to occur in the year before last, the Company has been striving to ensure the
stable supply of newsprint while simultaneously realigning its production structure and
introducing a range of cost-cutting measures. However, with current prices for raw materials
and fuel making it extremely difficult for us to engage in reproduction through our independent
efforts alone, we have determined that the price revision has to be implemented for the
continuation of business and stable supply going forward.