Daio Paper completes partial transfer of fixed assets

Daio Paper Corporation (TSE:3880) announced today the completion of procedures pertaining to the partial transfer of fixed assets from its consolidated subsidiary, Elleair International China (Nantong) Co., Ltd., to Hangzhou Haoyue Industrial Co., Ltd. The agreement to transfer was initially disclosed on March 6, 2025. The company anticipates that this transfer will have an insignificant impact on its consolidated financial results for the fiscal year ending March 31, 2026. Daio Paper stated that it will promptly announce any expected significant impacts on its financial results, should they arise.