Business Report

Our Medium to Long-Term Management Plan (Attack 600) covers the period up to the fiscal year ending March 31, 2027 (66th fiscal year). Under this plan, we have grown our business under the slogan of “Pioneering a New Era: Roadmap to 60 Billion Yen in Our 66th Term.” This fiscal year under review was a period of relative stability after a period of significant changes. Specifically, global economic growth decelerated and inflation eased. On the other hand, an uncertain outlook persisted for the Japanese economy due to continued challenges such as labor shortages and the weakening of the yen.

Demand for paper declined due to ongoing digitalization in recent years. Furthermore, decreased demand is forecasted for newspapers, books, magazines, and office supplies. Although the weaker yen has contributed to an upward trend in exports of paper and paperboard, this is unlikely to fully offset the decline in domestic demand, and we expect the overall impact of increased exports to remain limited. As part of efforts to respond to decreased demand, paper manufacturers are increasingly allocating management resources to high value-added products, such as functional papers and environmentally-friendly papers. In this business environment, all of our employees have continued to work together on the following three key policies.

1. Engaging in innovative initiatives for sustainable growth
2. Fulfilling our corporate responsibilities and contributing to society
3. Becoming a company chosen by all stakeholders

The sales volume ofCrown Package also made progress in exploring new business areas. This progress halted the decline in sales volume, and there was steady growth in products for which price adjustments had been implemented. As a result, net sales exceeded the level of the previous fiscal year.

Sales Trends