Monetization of environmental businesses

「As a result, segment net sales were ¥18,089 million, up 7.8% year on year, and operating profit was ¥755 million, up 42.7% year on year.」

「As a result, segment net sales were ¥8,848 million, up 9.5% year on year, and operating profit was ¥475 million, up 121.0% year on year.」

「The construction business performed steadily in the natural environment utilization field. In the resource reuse field, revenue increased substantially because トーエイ株式会社, made a subsidiary in the prior fiscal year and consolidated for accounting purposes from the second quarter of the prior fiscal year, and 株式会社貴藤, made a consolidated subsidiary at the beginning of the fiscal year and consolidated for accounting purposes from the second quarter, contributed to net sales, among other factors.」

「The Group positions the environmental business as a new core business following its 3 paper manufacturing businesses and recognizes expansion of this business area as an issue to address in order to strengthen its future earnings base.」

「In the natural environment utilization field, revenue increased because construction revenue exceeded the prior-year period. In the resource reuse field, revenue increased substantially because newly consolidated subsidiary トーエイ株式会社 contributed to net sales from the second quarter, among other factors. As a result, segment net sales were ¥8,637 million, up 39.1% year on year, and operating profit was ¥199 million, up 179.3% year on year.」

「In the resource reuse field, revenue increased substantially because newly consolidated subsidiary トーエイ株式会社 contributed to net sales from the second quarter, among other factors. As a result, segment net sales were ¥5,290 million, up 32.4% year on year, and operating profit was ¥23 million, compared with an operating loss of ¥34 million in the prior-year period.」

「Profit declined because acquisition-related expenses for トーエイホールディングス株式会社 were incurred, among other factors. As a result, segment net sales were ¥2,116 million, up 14.1% year on year, and the operating loss was ¥131 million, compared with an operating loss of ¥98 million in the prior-year period.」

「The Group positions the environmental business as its fourth core business, following its 3 paper manufacturing businesses, and recognizes expansion of this business area as an issue to address in order to strengthen its future earnings base.」

「In the natural environment utilization field, revenue increased because civil engineering and building equipment construction revenue exceeded the prior-year period. In the resource reuse field, the industrial waste treatment business performed steadily. As a result, segment net sales were ¥6,211 million, up 10.5% year on year, and operating profit was ¥71 million, compared with an operating loss of ¥151 million in the prior-year period.」

「In the natural environment utilization field, revenue increased because civil engineering and building equipment construction revenue exceeded the prior-year period. In the resource reuse field, 株式会社駿河サービス工業 performed steadily. In addition, in August 2021 the company absorbed 湘南商事株式会社, an unconsolidated subsidiary, through a merger. As a result, segment net sales were ¥3,995 million, up 16.7% year on year, and the operating loss was ¥34 million, compared with an operating loss of ¥180 million in the prior-year period.」

「In the natural environment utilization field, revenue increased because civil engineering and building equipment construction revenue exceeded the prior-year period. In the resource reuse field, 株式会社駿河サービス工業 performed steadily. As a result, segment net sales were ¥1,855 million, up 13.4% year on year, and the operating loss was ¥98 million, compared with an operating loss of ¥144 million in the prior-year period.」

「As a result, segment net sales were ¥8,174 million, down 6.8% year on year, and operating profit was ¥2 million, down 96.2% year on year.」

「In the natural environment utilization field, revenue declined because civil engineering and building equipment construction revenue fell below the prior-year period. Profit also declined year on year, partly because upfront costs related to future growth businesses such as whisky, which began production in November 2020, increased.」

「In the natural environment utilization field, revenue declined because civil engineering and building equipment construction revenue fell below the prior-year period. Profit also declined year on year, partly because upfront costs related to future growth businesses such as whisky, which began production in November 2020, increased. In the resource reuse field, 株式会社駿河サービス工業, which was made a subsidiary in the prior fiscal year to strengthen the recycling business, posted lower revenue due to the impact of COVID-19 and other factors, but profit increased because of cost reductions and other measures. In August, the company absorbed 湘南商事株式会社, an unconsolidated subsidiary, through a merger.」

「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.」

「We constructed the Igawa Distillery within the company-owned forests, with the aim of producing whisky while leveraging the rich natural environment, and began full-scale operations in November.」

「Net sales increased due to 株式会社駿河サービス工業, which became a consolidated subsidiary in January, being included in the scope of consolidation, as well as civil engineering construction revenue exceeding the prior-year period. Profit declined because tourism revenue fell substantially below the prior-year period due to the impact of COVID-19, while upfront costs related to future growth businesses such as whisky increased. As a result, segment net sales were ¥4,024 million, up 46.6% year on year, and the operating loss was ¥81 million, compared with an operating loss of ¥53 million in the prior-year period.」

「In addition to these 3 businesses, the Group newly segmented environmental businesses aimed at utilizing the natural environment and reusing resources, with the goal of strengthening its future earnings base. In the natural environment utilization field, on 1 April it spun off the business relating to its forests in the Southern Alps and other assets and established 十山株式会社 as a consolidated subsidiary. In the resource reuse field, in January it made 株式会社駿河サービス工業, whose businesses include the collection and transport of industrial waste, waste disposal, and building demolition, a subsidiary to strengthen its recycling business.」

「The environmental business, including the resource reuse business, is expected to continue growing as momentum builds toward a highly circular society and is recognized as important infrastructure supporting industry. Accordingly, the Company has adopted the vision of “Contributing to the creation of a circular society through the resource reuse business” and, led by its subsidiary 株式会社レックス, is working to diversify reusable resources and increase the added value of recycled materials.」

「In addition to these 3 businesses, our group will establish an environmental business segment focused on utilizing the natural environment and reusing resources, with the aim of strengthening its future earnings base.」

「In addition to these 3 businesses, our group will establish an environmental business segment focused on utilizing the natural environment and reusing resources, with the aim of strengthening its future earnings base.」

「Under the “growth strategy initiatives”: ① pursuing the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing the environmental business field」

「Under the “growth strategy initiatives”: ① pursuing the high-performance sheet field, ② developing new markets and strengthening overseas sales, and ③ monetizing the environmental business field」

「③ Monetization of environmental businesses」

「The Company has identified “Challenge in the high-performance sheet sector,” “Development of new markets and strengthening overseas sales,” and “Monetization of environmental businesses” as priority measures,」