Shift in business model from fine paper to paperboard
First written in FY2017. 2 of 5 entries say "Reframed", first in FY2018. Latest entry: 2026-05-15.
Musashi moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Restated".
- 2026-05-15RestatedEarnings
「紙・紙加工品では、印刷・情報用紙は需要減少が続くと予想されるため、堅調な需要が見込まれる医薬品などパッケージ向け紙器用板紙の拡販に注力してまいります。」
印刷用紙の需要減少を前提に、医薬品などパッケージ向け紙器用板紙へ注力する方針が継続している。 - FY2024RestatedAnnual report
「Going forward, we will increase transactions that prioritize securing profits without becoming caught up in price competition by developing and providing original products that meet customer needs. For paperboard for paper containers, sales of high-function paperboard for pharmaceutical products are growing, and we will work on development to increase our range of original products with specialized functions and high added value that address further customer needs.」
The policy of prioritizing profit generation in printing paper and advancing the development and expanded handling of high-function, high-added-value products in paperboard is continuing. - FY2020ReframedAnnual report
「For printing paper, we will increase transactions that prioritize securing profits without becoming caught up in price competition by developing and providing products and services that meet customer needs. For paperboard for paper containers, sales of high-function paperboard for pharmaceutical products are growing, and we will work on development to increase our range of original products with specialized functions and high added value that address further customer needs.」
The description has become more specific, shifting from a simple business-structure change from fine paper to paperboard to an earnings-base strategy that prioritizes securing profits in printing paper and advances the development of high-function, high-added-value products in paperboard. - FY2018ReframedAnnual report
「In the paper and paper products business, to establish an earnings base capable of responding to changes in the structure of paper demand, we will focus on expanding sales of paperboard for paper containers, promote proposals for paper products that meet market needs, and work to develop and expand sales of original products with specialized functions and high added value.」
The description of the initiatives has changed from a business-structure shift from fine paper to paperboard to establishing an earnings base through expanded sales of paperboard for paper containers, responses to market needs, and the development and expanded sales of products with specialized functions and high added value. - FY2017First statedAnnual report
「In the paper and paper products business, we will promote a shift in the business structure from the fine-paper business, where demand continues to decline, to the paperboard business, where steady demand and profit generation are expected.」
The company has clearly stated its policy of shifting the focus of its business from fine paper, where demand continues to decline, to paperboard.