Expansion of the Overseas Timber and Pulp Business

「In the wood biomass business, the acquisition was completed in January 2026 of AustroCel, an Austrian company regarded as Europe’s most advanced biorefinery company, which operates a dissolving pulp and bioethanol manufacturing and sales business.」

「In March 2025, we established the Future Forest Innovations Fund, a forest investment fund, in partnership with forest asset management company New Forests, and aim to acquire approximately 70 thousand ha of plantations through the fund. In May 2025, we acquired a Brazilian plantation company.」

「In July 2024, we acquired a 3.5 million ha plantation in Uruguay. We are promoting the acquisition of sustainable forest resources toward the goal set out in the Environmental Action Goals 2030 of increasing overseas plantation area from 250 thousand ha (FY2019 actual) to 400 thousand ha.」

「Our consolidated subsidiary Panindo Investment Pte. Ltd. acquired shares in PT Korintiga Hutani held by non-controlling shareholders. As a result, the Group's voting rights ratio in the company became 80.0%.」

「In the plantation business, we are promoting the acquisition of sustainable forest resources in South America, Oceania, Asia, and other regions in order to expand overseas plantation area, a target under our environmental action goals, from the current 250 thousand ha to 400 thousand ha by 2030.」

「In the plantation and timber-processing businesses, we will work to secure sustainable forest resources and expand production capacity, mainly in Asia, Oceania, and Brazil. In Japan, we aim to strengthen profitability by increasing sales in the building materials sector and through other measures.」

「In the plantation and timber-processing businesses, we are working to secure sustainable forest resources and expand production capacity, mainly in Asia, Oceania, and Brazil. We are also increasing sales of pulp, timber products, and other products through sales offices established in China and Southeast Asia.」

「In the plantation and timber-processing businesses, we are working to secure sustainable forest resources and expand production capacity, mainly in Asia, Oceania, and Brazil. We are also increasing sales of pulp, timber products, and other products through sales offices established in China and Southeast Asia.」

「In the plantation and timber-processing businesses, we are working to secure forest resources and expand production capacity, mainly in Asia and Oceania. We are also increasing sales of pulp, timber products, and other products through sales offices established in China and Southeast Asia.」

「In the timber-processing business, we are working to procure and sell sawn timber and processed wood products and expand production capacity, mainly in Asia and Oceania. We are also increasing sales of pulp, timber products, and other products through sales offices established in China and Southeast Asia.」

「In the pulp business, we continue to implement strategic profitability measures at major sites to strengthen a business foundation capable of withstanding fluctuations in pulp market conditions. In New Zealand, we are introducing and applying the Group's know-how and operational management methods to stabilize operations and improve efficiency, while in Brazil we are continuing profitability measures including modernization of manufacturing facilities.」

「In Japan, at the dissolving-pulp production facility, we are also producing high-value-added products for medical materials and filtration applications, in addition to products for rayon applications.」

「In Japan, at the dissolving-pulp production facility, we have also begun commercial production of high-value-added products for medical materials and filtration applications, in addition to conventional products for rayon applications.」

「At 江蘇王子製紙有限公司, the expanded dry-pulp machine began commercial operation in October 2017. In addition, at the dissolving-pulp production facility that began operating in 2014, we are actively developing high-value-added products such as raw materials for industrial chemicals and medical materials, in addition to products for rayon applications.」

「At 江蘇王子製紙有限公司, the expanded dry-pulp machine began commercial operation in October 2017. In addition, at the dissolving-pulp production facility that began operating in 2014, we are actively developing high-value-added products such as raw materials for industrial chemicals and medical materials, in addition to products for rayon applications.」

「In the pulp business, we are continuing to implement strategic profitability measures at major sites to strengthen a business foundation capable of withstanding fluctuations in pulp market conditions. At New Zealand's Oji Fibre Solutions (NZ) Ltd., acquired in 2014, we are introducing and applying the Group's know-how and operational management methods to stabilize and improve operational efficiency. At Brazil's Celulose Nipo-Brasileira S.A., we are continuing profitability measures including modernization of manufacturing facilities. At 江蘇王子製紙有限公司, we are expanding a dry-pulp machine, scheduled to begin operating at the end of 2017. In addition, at the dissolving-pulp production facility that began operating in 2014, we are actively developing high-value-added products such as raw materials for industrial chemicals and pharmaceutical materials, in addition to products for rayon applications.」

「In the timber business, we have been expanding production capacity mainly in Asia and Oceania by bringing timber-processing plants online in Indonesia, Vietnam, and Myanmar in recent years, and renovating a sawmill in New Zealand. In the pulp business, we are implementing strategic profitability measures at major sites to build a business foundation capable of withstanding fluctuations in pulp market conditions.」

「In the pulp business, we are implementing strategic profitability measures at major sites to build a business foundation capable of withstanding fluctuations in pulp market conditions. At Oji Fibre Solutions (NZ) Ltd., acquired in 2014, we are introducing and applying the Group's know-how and operational management methods to realize synergies from the acquisition sooner, stabilize operations, and improve energy efficiency. At Celulose Nipo-Brasileira S.A., we are continuing profitability measures, including modernization of manufacturing facilities.」

「In the timber business, we have been expanding production capacity mainly in Asia and Oceania by bringing timber-processing plants online in Indonesia, Laos, Vietnam, and Myanmar in recent years, and renovating a sawmill in New Zealand.」

「Overseas, we are expanding our timber and pulp businesses, mainly in resource-rich countries.」