Daio Paper to record extraordinary income from boiler accident insurance

Daio Paper Corporation announced its plan to record 6,334 million yen in extraordinary income from insurance proceeds during the second quarter of the fiscal year ending March 2026. This income stems from a boiler damage accident that occurred on September 6, 2022, at its consolidated subsidiary, Iwaki Daio Paper Corporation, located in Iwaki City, Fukushima Prefecture. The company will apply accounting treatment that compresses the recorded amount using a direct reduction method for these insurance proceeds.

The company is currently assessing the overall impact of this extraordinary income on its consolidated performance for the fiscal year ending March 2026, considering other factors. Further announcements will be made as soon as the assessment is complete.