Fourth Medium-Term Management Plan “NEXT10: The Next Growth, The Next Challenge”

「There were no material changes during the third quarter of the current consolidated cumulative period to the management policies, management strategies or other matters established by our group.」

「Against this backdrop, under the Fifth Medium-Term Management Plan, “Jump Forward To Next 10,” a 3-year plan covering fiscal 2020 to fiscal 2022, the Group is moving ahead in earnest with incorporating growth fields explored and launched under the previous plan. We are implementing growth initiatives against the backdrop of social demands for strengthening the core business, resource-reuse businesses and reducing the use of plastics, while developing new products that leverage the Group's one-of-a-kind quality and technology and pursuing new business fields beyond papermaking.」

「In this environment, the Group has pursued measures to strengthen and transform its business foundation and its growth strategy, while working across the Group to reduce costs and fixed expenses in response to the decline in sales caused by the COVID-19 pandemic.」

「There were no material changes during the first quarter of the current consolidated cumulative period to the management policies, management strategies or other matters established by our group.」

「During the cumulative third quarter of the current fiscal year, the Group was in the final year of the Fourth Medium-Term Management Plan launched in fiscal 2017 and worked to achieve further growth and strengthen its foundation under “NEXT10: The Next Growth, The Next Challenge.” Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「During the cumulative second quarter of the current fiscal year, the Group was in the final year of the Fourth Medium-Term Management Plan launched in fiscal 2017 and worked to achieve further growth and strengthen its foundation under “NEXT10: The Next Growth, The Next Challenge.” Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「During the cumulative first quarter of the current fiscal year, the Group entered the final year of the Fourth Medium-Term Management Plan launched in fiscal 2017 and worked to achieve further growth and strengthen its foundation under “NEXT10: The Next Growth, The Next Challenge.” Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「During the cumulative third quarter of the current fiscal year, the Group worked to achieve further growth and strengthen its foundation under the Fourth Medium-Term Management Plan, “NEXT10: The Next Growth, The Next Challenge,” launched in fiscal 2017. Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「During the cumulative second quarter of the current fiscal year, the Group worked to achieve further growth and strengthen its foundation under the Fourth Medium-Term Management Plan, “NEXT10: The Next Growth, The Next Challenge,” launched in fiscal 2017. Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「During the current fiscal year, the Group launched the 3-year Fourth Medium-Term Management Plan, “NEXT10: The Next Growth, The Next Challenge,” to achieve further growth and strengthen the Group’s foundation. Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「During the cumulative third quarter of the current fiscal year, the Group launched the 3-year Fourth Medium-Term Management Plan, “NEXT10: The Next Growth, The Next Challenge,” from the current fiscal year to achieve further growth and strengthen the Group’s foundation. Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「During the cumulative second quarter of the current fiscal year, the Group launched the 3-year Fourth Medium-Term Management Plan, “NEXT10: The Next Growth, The Next Challenge,” from the current fiscal year to achieve further growth and strengthen the Group’s foundation. Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「In the specialty materials business, we continue to focus on developing new sheets under NaSFA (ナスファ), the direction for product development, in order to launch a business that will become a core pillar for the next generation.」

「To achieve further growth and strengthen the Group’s foundation, the Group launched the 3-year Fourth Medium-Term Management Plan, “NEXT10: The Next Growth, The Next Challenge,” from the current fiscal year. Its key themes are, under the growth strategy, ① entering the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing environment-related fields; and, under measures to strengthen and transform the foundation businesses, ① reviewing the business model, ② developing and selling new products, and ③ reviewing and improving manufacturing processes. The Group is pursuing various initiatives for its next stage of growth.」

「The Group formulated “NEXT10: The Next Growth, The Next Challenge” as its Fourth Medium-Term Management Plan, a 3-year plan covering the three years from the fiscal year ending March 2018. The plan positions the Fourth Medium-Term Management Plan as the first step toward the Group’s vision for 10 years ahead and as a period for identifying and initiating opportunities for further growth. Its priority measures under the growth strategy are “Entering the high-performance sheet field,” “Developing new markets and strengthening overseas sales,” and “Monetizing environment-related fields.” Its priority measures for strengthening and transforming the foundation businesses are “Pursuing synergies from the joint venture with Nippon Paper Industries Co.,Ltd.,” “Developing new products and reviewing the product mix,” and “Reviewing and improving manufacturing processes.”」