Seventh Medium-Term Management Plan “Vision 2035”: First Three Years

「Under the Seventh Medium-Term Management Plan covering the period from April 2026 to March 2029, the Company aims to achieve growth through its two core businesses, paper manufacturing and environmental services. In the paper manufacturing business, it will update its product mix, improve production efficiency and diversify sales methods in its existing areas that currently generate cash, in order to respond to anticipated changes in the external environment, including the contraction of the publishing-related market and difficulties in procuring raw materials. While working to stabilize earnings, the Company will continue to pursue growth markets such as electrical materials that it has explored and developed through the period of the Seventh Medium-Term Management Plan, with the aim of creating product groups that will drive earnings. In the environmental services business, the Company will strengthen the foundations of its existing resource-recycling businesses, including waste-derived fuels, home appliance and small appliance recycling, and recycled plastics. At the same time, it will make multiple entries into new businesses, including through M&A and alliances, with the aim of capturing a portion of the returns and expanding its earnings base over the medium to long term.」