The paper group now expects ¥45 billion for the year to March 2027 instead of ¥60 billion.
Printing & Writing Papers
The South African pulp and paper maker expects next quarter adjusted EBITDA below the fourth quarter as maintenance shuts and high oil prices weigh.
Three paper machines and the pulp line damaged in the July earthquake will not restart, and output moves to other mills.
Sylvamo would keep a right to 20% of the business's future distributions, while third-quarter adjusted EBITDA fell 19% to $128 million.
Adjusted EBITDA fell to $985 million from $1,013 million, while total assets rose, largely from the Sucuriú project in Brazil.
The companies proposed to optimize capacity for certain paper grades and give customers safeguards without selling any mills, and expect the Commission's decision by year-end or shortly after.
The ISM Manufacturing PMI rose to 55.5% from 54.5% in September.
Pulp and paper producers swung to a loss, and 56.2% of sawmilling companies were loss-making, up from 43.7% a year earlier.
The company expects its annual electricity costs to rise by at least C$10 million after N.B. Power began selling surplus power outside New Brunswick at market prices.
Profits across all industrial enterprises rose 15.5% over the same period.
Imports from South Korea fell to 3,258 metric tons in the year to June 2025, or 2.5% of EU consumption.
The companies plan to propose remedies other than divestments as they seek European Commission approval.
Net imports rise 26% in July as coated free sheet gains 51%.
Lower wood and fixed costs partly offset weaker pulp and paperboard prices, while maintenance shutdowns will reduce third-quarter earnings.
Higher pulp prices, strong renewable fuel demand and growth in advanced materials supported results, while weak graphic paper demand, high wood costs and geopolitical uncertainty continued to weigh on parts of the business.
Mechanical grades drop 28% year-to-date as total inventory rises 1% from May 2026.
Guangdong Guanhao High-Tech faces a proposed 28.8% rate, while all other Chinese companies face 70.5%.
Price adjustment applies to uncoated woodfree specialty papers across all product segments.
Furniture makers also recorded declines, even as overall industrial earnings grew and paper producers gained.
Inventory levels rise 6% from April while purchases across three major categories show mixed results.