Japan Pulp & Paper completes buyback, retires shares, shifts major ownership

Japan Pulp & Paper Company Limited announced the completion of its own share acquisition on November 7, 2025, through the ToSTNeT-3 system. The company repurchased 8,384,900 common shares for JPY 6,355,754,200 (JPY 758 per share), concluding the acquisition resolved on November 6, 2025. This move aligns with the company's goal to enhance capital efficiency and implement flexible capital policies.

The company also resolved to retire 30,000,000 treasury shares, representing 19.97% of shares issued prior to retirement, with an effective date of November 28, 2025. Concurrently, Oji Holdings Corporation, previously the largest shareholder, sold 8,025,800 shares of its holdings. This transaction changed Oji Holdings' voting rights percentage from 13.1% (first rank) to 7.1% (second rank), thereby altering Japan Pulp & Paper's major shareholders. The transaction is not expected to significantly impact the business relationship between the two companies.