Business Report

Our Medium to Long-Term Management Plan (Attack 600) covers the period up to the fiscal year ending March 31, 2027 (66th fiscal year). Under this plan, we have grown our business under the slogan of “Always Learning, Always Evolving.”
This fiscal year under review marked a historic turning point, as Japan emerged from three decades of deflation, wage increases exceeded 5%, and the economy transitioned to positive interest rates.
While personal consumption remained resilient, the severe labor shortage became a bottleneck for the economy. The result was a year in which companies were under strong pressure to balance agile price pass-through with DX investments aimed at saving labor.

Conditions in the paper industry also remained challenging. The total value of domestic shipments stagnated at approximately 7.8 trillion yen. Although higher wages are expected to stimulate personal consumption, domestic demand for paper and paperboard has continued its long-term decline with no sign of recovery.
In this business environment, all of our employees have continued to work together on the following three key policies.

1. Making clear choices about what to nurture and what to discontinue
2. Creating a workplace where people from diverse backgrounds can thrive
3. Building a company that will continue to be valued across generation

Production volume exceeded the previous fiscal year's level for the first time in four years. Furthermore, despite soaring raw material prices, we steadily improved profitability through rigorous cost management and appropriate product pricing. This enabled us to achieve net sales that surpassed the previous fiscal year's results.

Sales Trends