Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.
November 14, 2022
To whom it may concern,
Company name: Mitsubishi Paper Mills Limited
Representative:

Ryuichi Kisaka, President and CEO

Contact:

Daisuke Yamada(Code No.3864, TSE Prime）
General Manager of Corp. Planning Dept.
(TEL．+81-3-5600-1481)
Notice of Group Organization Restructuring(Absorption-type merger of wholly owned subsidiaries and merger between consolidated subsidiaries)
Mitsubishi Paper Mills Limited (hereinafter “MPM”) hereby announces that at our board of directors meeting held on
November 14, 2022, MPM resolved to implement our group organization restructuring (hereinafter the “OrganizationRestructuring”) on April 1, 2023. As the Organization Restructuring is going to take place between MPM and its
consolidated subsidiaries, and between its consolidated subsidiaries, certain disclosure items and details are omitted. Itis noted that Kitakami HiTec Paper Corporation, which is going to be absorbed due to the Organization Restructuring,is classified as a specified subsidiary of MPM.
Details:
１．Purpose of the Organization Restructuring
The MPM group started our new medium-term management plan (FY2023/3-FY2025/3) this April and has beenworking on strengthening our business foundation and the creation of the new MPM group. As part of this commitment,
MPM is going to integrate our following group subsidiaries, and reduce fixed costs by systematization, and strengthen
our corporate governance. MPM is also considering the restructuring of the MPM group companies (including subsubsidiaries etc.) other than those listed below, and we will make announcements promptly if any matters for disclosure
arise.
２．Summary of the Organization Restructuring① Merger between MPM and subsidiaries at Kitakami site
This is an absorption-type merger with MPM as the surviving company, and Kitakami HiTec Paper Corporation andHokuryo Industry Corporation dissolved.

② Merger between sales subsidiaries
This is an absorption-type merger with Mitsubishi Oji Paper Sales Co., Ltd. as the surviving company and Diamic Co., Ltd.
dissolved.

③ Merger between subsidiaries at Hachinohe siteThis is an absorption-type merger with MPM Operation Co., Ltd. as the surviving company, and Hachinohe Paper Processing
Co., Ltd. and Hachiryo Co., Ltd dissolved.

３．Outline of the Organization Restructuring① Merger between MPM and subsidiaries at Kitakami site
（１）Schedule of the Merger
Date of resolution at the board of directors meeting

November 14, 2022

Date of conclusion of the merger agreement

November 14, 2022

Effective date of the Merger

April 1, 2023（Scheduled）※As the merger is qualified as a simplified absorption, it is carried out without our resolution of the boardof directors.

（２）Method for merger
This is an absorption-type merger with MPM as the surviving company, and Kitakami HiTec Paper
Corporation and Hokuryo Industry Corporation dissolved.

（３）Allocation due to merger
No issuance of new stocks and no payment of delivered money due to merger.
（４）Information on share acquisition rights and the bonds with stock acquisition rights due to merger
Not applicable.
（５）Summary of companies involved in the merger
Surviving company(1)Company name(2)

Mitsubishi Paper Mills Limited

Location(3)(4)

Absorbed company

2-10-14 Ryogoku, Sumida-ku, Tokyo

Kitakami HiTec Paper

Hokuryo IndustryCorporationCorporation

35, Sasanagane, Aisari-35, Sasanagane,cho, Kitakami-shi,

Aisari-cho,Iwate

Kitakami-shi, Iwate

Name and title ofPresident and CEO

President and CEO

President and CEO

representative

Ryuichi Kisaka

Teiji Ota

Toshiya Katagata

Main business

Production, processing, and sale of

Manufacturing,Contracted

paper, pulp, and photosensitive

processing and sale ofmanufacturematerials

pulp, resin-coated paper

finishing of paper,and sanitary products

miscellaneous workand(5)Stated capital

36,561 million yen450 million yen

10 million yen(6)Date of establishment

April 1, 1898

April 8, 2005

July 1, 1985

(7)

Issued shares

44,741,433 shares

1,000 shares

200 shares(8)

End of fiscal year

March 31

March 31

March 31

(9)

Major shareholders andOji Holdings Corporation

32.89％

Mitsubishi Paper Mills

Mitsubishi Paper

shareholdings ratio

The Master Trust Bank of

7.29％

Limited 100％Mills Limited 100％

(AsofSeptember

30,2022)

Japan,Ltd. （ Trustaccount）
Isao Nasu

4.77％

Mitsubishi Paper Mills

2.18％

Shareholder Association
1.90％

FUJIFILM HoldingsCorporation(10)Financial position and business performance for the last fiscal year

Endoffiscalyear

FY2022.03

FY2022.03(consolidated）（Non-consolidated）

FY2022.03（Nonconsolidated）

Net

As

69,613 million yen

1,607 million yen

27 million yen

A s s e t s

215,879 million yen

8,446 million yen

159 million yen

Net assets per share

1,565.88 yen

1,607,908.79 yen

137,447.19 yens181,920 million yen

11,414 million yen

479 million yen

Op era t i ng

I ncom e(248) million yen

74 million yen

9 million yen

O r d i n a r y

I n c o m e

1,964 million yen

115 million yen

8 million yen

Net profit attributable to owners of parent

1,096 million yen

413 million yen

9 million yen

Dividend per Share

24.62 yen

413,978.30 yen

45,693.40 yen

T o t a l
Net

sssae

lte

（６）Situation after merger
There is no change after the merger in our company name, location, name and title of representative, main business,stated capital and end of fiscal year.
② Merger between sales subsidiaries（Summary of companies involved in the merger）
Surviving company

Absorbed company(1)Company Name

Mitsubishi Oji Paper Sales Co., Ltd.

Diamic Co., Ltd.

(2)

Location

2-10-14 Ryogoku, Sumida-ku, Tokyo

2-10-14 Ryogoku, Sumida-ku, Tokyo(3)

Name and title ofPresident and CEO

President and CEO

representative

Nobuhiro SatoYuji Takagami(4)Main business

Sale of paper and chemicals etc.

Sale of printing-plate materials, etc.

(5)Stated capital

600 million yen

100 million yen(6)Date of establishment

August 1, 1956

April 1, 1992

(7)Issued shares

1,347,452 shares

17,510,000 shares(8)

End of fiscal year

March 31March 31(9)

Major shareholders and

Mitsubishi Paper Mills Limited 99.9％

Mitsubishi Paper Mills Limited 100％

shareholdings ratio(As of September 30, 2022)③ Merger between subsidiaries at Hachinohe site (Summary of companies involved in the merger)
Surviving company(1)Company Name

MPM Operation Co., Ltd.

Absorbed company
Hachinohe Paper

Hachiryo Co., Ltd

Processing Co., Ltd.
(2)

(3)
(4)

Location

3 Aza Aomoriyachi, O-aza

1-2 Aza Aomoriyachi, O-aza

3 Aza Aomoriyachi, O-aza

Kawaragi,

Kawaragi,Kawaragi,

Hachinohe-shi, Aomori

Hachinohe-shi, Aomori

Hachinohe-shi, Aomori

Name and title ofPresident and CEO

President and CEO

President and CEO

representative

Keiichi Sato

Takamichi Hiratsuka

Takamichi Hiratsuka

Main business

Entrustment with operation

Paper trimming, grading

Premise transport,and management of production

and packaging, storage andmiscellaneous work andactivities of Hachinohe Mill

shipment of paper products

processing of packing paper(5)Stated capital

20 million yen

50 million yen

20 million yen(6)Date of establishment

April 1, 2015

April 1, 1966

September 28, 1983

(7)

Issued shares

400 shares

280,000 shares

400 shares(8)

End of fiscal year

March 31

March 31

March 31

(9)

Major shareholders and

Mitsubishi Paper Mills Limited

Mitsubishi Paper Mills

Mitsubishi Paper Mills

shareholdings ratio

100％

Limited 100％

Limited 100％

(As of September 30,2022)

４．Future outlook
The impact that will be caused by this organizational restructuring on the consolidated performance is expected tobe minor.