Discussions on capturing growth areas under the Sixth Medium-Term Management Plan

「Under the Sixth Medium-Term Management Plan, a three-year plan covering fiscal 2023 through fiscal 2025, we have focused on expanding sales of growth areas such as synthetic fibers (aramid paper) and further expanding the recycling business in the environmental sector, which is expected to grow, in order to achieve the medium-term management targets of operating income of ¥5.0 billion, ordinary income of ¥8.0 billion and ROE of 7.0%.」

「This medium-term management plan is positioned as a period for capturing growth opportunities in papermaking, including synthetic fibers (aramid paper) launched during the previous medium-term management plan, and for further expanding the recycling business, whose rollout has begun. Over the three-year period, the Company plans growth investments of ¥3.5 billion in growth areas of papermaking and ¥4.8 billion to expand the recycling business.」

「This followed a review of the actual use of specialty paper equipment and the Group’s future capital investment plans in preparation for the next medium-term management plan, which begins on 1 April 2023, prompted by the commercialization of new products in the specialty materials business during the current consolidated fiscal year,」

「The Group has begun discussions on pursuing more aggressively under the next, Sixth Medium-Term Management Plan the growth areas whose benefits cannot all be captured during the current medium-term plan.」