Expansion of overseas business, primarily in Asia

「For specialty printing paper, domestic demand continued to decline, but the Company implemented a price revision in the third quarter of the previous fiscal year, raising selling prices, and worked to expand sales of specialty paper for overseas markets. As a result, sales exceeded the same period of the previous year. For specialty functional paper, the Company worked to expand sales of products expected to see increased demand, but sales fell below the same period of the previous year as demand for information paper declined and demand for some products for overseas markets entered an adjustment phase from the second quarter of the current fiscal year.」

「For specialty printing paper, the Company worked to expand sales in overseas markets, but sales fell below the same period of the previous year because the impact of declining domestic demand was substantial. For specialty functional paper, domestic sales volume declined from the previous year due to the shift to electronic media and other factors, but sales exceeded the same period of the previous year as demand for some products for overseas markets increased.」

「For specialty printing paper, domestic demand continued to decline, but sales were at the same level as the same period of the previous year due to higher selling prices following the price revision and increased sales of specialty paper for overseas markets.」

「For specialty printing paper, domestic demand continued to decline, but sales were at the same level as the same period of the previous year due to the increased penetration of price revisions and higher sales of specialty paper for overseas markets.」

「Meanwhile, for specialty functional paper, sales of information paper continued to trend downward due to the shift to electronic media, but demand for some products for overseas markets remained strong. In addition, demand for the high-heat-resistant insulating paper launched in 2020 was steadily captured, resulting in specialty functional paper sales exceeding the same period of the previous year.」

「For specialty functional paper, demand for information paper is trending downward due to the shift to electronic media, but demand for some products for overseas markets is expected to remain solid.」

「For specialty functional paper, sales of information paper fell below the same period of the previous year due to the shift to electronic media. However, in Japan, the Company captured demand for premium shopping vouchers introduced as part of regional economic measures, while demand for some products for overseas markets remained strong, resulting in specialty functional paper sales exceeding the previous year.」

「For specialty functional paper, sales of information paper fell below the same period of the previous year due to the shift to electronic media. However, in Japan, the Company captured demand for premium shopping vouchers introduced as part of regional economic measures, while demand for some products for overseas markets remained strong, resulting in specialty functional paper sales exceeding the previous year.」

「Some products for overseas markets exceeded expectations, and demand shifted toward recovery from the third quarter onward.」

「As part of its overseas expansion, the Company participated in the international anti-counterfeiting technology conference High Security Printing, held in November, and presented its technology. Following its participation in the conference, it received inquiries regarding anti-counterfeiting paper for overseas markets and is proceeding with development.」

「In the specialty paper sector, 2 new products were launched in Japan, and the launch of specialty paper for overseas markets is expected during the current fiscal year. As part of its overseas expansion, the Company also plans to participate, as it did the previous year, in the international anti-counterfeiting technology conference High Security Printing, to be held in November.」

「As part of its overseas expansion, the Company plans to participate, as it did the previous year, in the international anti-counterfeiting technology conference High Security Printing, to be held in November.」

「As part of its overseas expansion, the Company presented its new technology at the international anti-counterfeiting technology conference High Security Printing.」

「Specialty printing paper gained new sales channels and customers in overseas markets, with both sales volume and value exceeding the same period of the previous year.」

「In the fancy paper field, we have developed new products for overseas markets and will expand overseas in the future.」

「For anti-counterfeit paper, we are pursuing technology development and new product development, primarily for overseas expansion, and have established several new anti-counterfeiting technologies.」

「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」

「“Developing new markets and strengthening overseas sales”」

「We will continue developing and selling new products, primarily in Asian markets where high growth is expected, by combining our technologies with the equipment and sales channels of local paper manufacturers.」