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Nippon Paper announced on September 7 that it will cease operations of its Hungarian subsidiary that manufactures and sells lithium-ion battery materials for electric vehicles, and will record a special loss of 50 billion yen in the fiscal year ending March 2027.14d agoHigo Bank announced on August 27 that the total damage to its clients from the Kumamoto earthquake exceeded 400 billion yen, with manufacturing companies such as Nippon Paper suffering about 190 billion yen and 57% of accommodation businesses affected.25d ago