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Mitsubishi Paper Mills ( (JP:3864) ) has shared an update.
Mitsubishi Paper Mills Limited is restructuring its German subsidiary, Mitsubishi Hi-tec Paper Europe GmbH, due to economic stagnation in Europe and intense competition in the thermal paper sector. The restructuring includes a voluntary retirement program for approximately 140 employees, with reemployment support available, and is expected to impact the company’s financial forecast for FY2026/3.
More about Mitsubishi Paper Mills
Mitsubishi Paper Mills Limited operates in the paper industry, focusing on the production of various paper products. The company has a significant presence in the thermal paper market and operates internationally, with a notable subsidiary in Germany.
Average Trading Volume: 380,480
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen28.36B
For a thorough assessment of 3864 stock, go to TipRanks’ Stock Analysis page.