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Management planning9212Green Earth Institute Co.,Ltd.Information and Communications, Services and Others

GEI outlines the path to industrialization, moving biomanufacturing from “research” to “mass production and commercialization,” at a business strategy briefing featuring a presentation by JAL

Following the announcement of its medium- to long-term vision, GEI explained its policy of moving from a research and development-centered phase to commercial production and business expansion, as well as progress on mass-production facilities, technology licensing and domestic and overseas projects. This was not a disclosure revising existing plan targets, but an introduction to the strategy and a progress report.

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Items stated in the management plan

Long- and Medium-Term Vision
Publication date 16 October 2026
Key initiatives
01From research to production and technology licensing: advancing social implementation through 3 businesses
02Accumulating technology and an operating base through contract development
03Alongside advancing manufacturing initiatives with OEM partners, the company plans to install large-scale fermenters with capacities of tens of thousands of litres and is considering expanding its production capabilities.
04Supporting mass production in Japan and overseas through licensing and joint ventures
05From the laboratory to the plant: overcoming the barriers to scale-up
06Using 34 days of continuous operation as a springboard toward commercialization
07From domestically sourced timber to the skies: JAL introduces the Mori-Sora Project
08Moving toward a demonstration project in Indonesia using waste oil-palm wood
Non-financial targetsIndicator Bioethanol production volume under the Mori-Sora Project / Target value Annual production capacity of 1,000 kilolitres / Timing From 2027, Indicator Bioethanol production volume under the Mori-Sora Project / Target value Annual production capacity on the order of tens of thousands of kilolitres / Timing Around 2030, Indicator Validation of projects using OPT / Target value Scheduled to complete the demonstration / Timing Through 2027, Indicator OPT processing volume / Target value From tens of thousands of tonnes to more than 100,000 tonnes annually / Timing By around 2030, Indicator JAL’s SAF replacement rate / Target value 10% of total fuel loaded / Timing 2030
Risks identified by the company
The “volume,” “price” and “requirements” for SAF supply from 2030 onward
A stable SAF supply chain
Stable SAF prices
SAF’s high greenhouse-gas reduction impact
Differences in the distribution of temperature, pH, oxygen and nutrients as fermenters are scaled up
The inability to achieve the same productivity even when optimal laboratory conditions are applied directly to large-scale facilities
Reason for revision or withdrawal

The company held the business strategy briefing as a forum for explaining the medium- to long-term vision announced on 15 July 2026 to members of the press.

Items stated in the management plan
ItemDetails
Plan nameLong- and Medium-Term Vision
Non-financial targetsIndicator Bioethanol production volume under the Mori-Sora Project / Target value Annual production capacity of 1,000 kilolitres / Timing From 2027, Indicator Bioethanol production volume under the Mori-Sora Project / Target value Annual production capacity on the order of tens of thousands of kilolitres / Timing Around 2030, Indicator Validation of projects using OPT / Target value Scheduled to complete the demonstration / Timing Through 2027, Indicator OPT processing volume / Target value From tens of thousands of tonnes to more than 100,000 tonnes annually / Timing By around 2030, Indicator JAL’s SAF replacement rate / Target value 10% of total fuel loaded / Timing 2030
Key initiativesFrom research to production and technology licensing: advancing social implementation through 3 businesses, Accumulating technology and an operating base through contract development, Alongside advancing manufacturing initiatives with OEM partners, the company plans to install large-scale fermenters with capacities of tens of thousands of litres and is considering expanding its production capabilities., Supporting mass production in Japan and overseas through licensing and joint ventures, From the laboratory to the plant: overcoming the barriers to scale-up, Using 34 days of continuous operation as a springboard toward commercialization, From domestically sourced timber to the skies: JAL introduces the Mori-Sora Project, Moving toward a demonstration project in Indonesia using waste oil-palm wood
Reason for revision or withdrawalThe company held the business strategy briefing as a forum for explaining the medium- to long-term vision announced on 15 July 2026 to members of the press.
Risks identifiedThe “volume,” “price” and “requirements” for SAF supply from 2030 onward, A stable SAF supply chain, Stable SAF prices, SAF’s high greenhouse-gas reduction impact, Differences in the distribution of temperature, pH, oxygen and nutrients as fermenters are scaled up, The inability to achieve the same productivity even when optimal laboratory conditions are applied directly to large-scale facilities
Publication date16 October 2026
Items this document does not state (19)
Plan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetPlan assumptionsResults under the previous planSize of the Target MarketDate of board resolution

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company held the business strategy briefing as a forum for explaining the medium- to long-term vision announced on 15 July 2026 to members of the press.

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GEI outlines the path to industrialization, moving biomanufacturing from “research” to “mass production and commercialization,” at a business strategy briefing featuring a presentation by JAL | Green Earth Institute Co.,Ltd. (9212) timely disclosure | Komori