NIPPON PAPER GROUP conducts a wide range of operations as a comprehensive biomass company shaping the future with trees. Our business model revolves around three circulations: the circulation of sustainable forest resources, the circulation of woody resources used for various purposes by using our technological abilities, and active product recycling.

NIPPON PAPER GROUP's mission is to contribute to better living and cultural progress everywhere it does business. We are committed to both achieving sustainable growth as a business and building a circulation-oriented society. To those ends, we work to protect healthy forests while making exhaustive use of the wood they produce.

Under our Medium-Term Business Plan 2025, which was launched in FY2021 and ends in FY2025, we have executed numerous initiatives with the primary goal of accelerating the transformation of the Group's business structure. That transformation involves shifting our focus to high-growth businesses, principally Daily-life Products (packaging, household paper, healthcare, chemical, etc.), while maintaining a competitive edge in our original business, Paper and Paperboard. We have made steady progress toward that goal, with sales in the Daily-life Products business more than doubling over the past decade. Meanwhile, we recognize that boosting the Group's overall profitability and strengthening its financial foundations remain key challenges, and we are taking steps to achieve further improvements.

During FY2025, we are focusing on accomplishing the objectives of the Medium-Term Business Plan 2025 while formulating a new long-term vision and medium-term business plan for FY2026 and beyond. On the social front, major changes can be expected in the coming years. Climate change is intensifying, making decarbonization more urgent than ever. Japan will face a declining population and labor shortages, even as the global population continues to grow. The green transformation (GX) and the digital transformation (DX) will move ahead in order to address these challenges.

In drawing up our new long-term vision and medium-term business plan, we aim to be a corporate group that, while remaining closely attuned to these changes, generates a steady profit by offering a broad range of products and services meeting the needs of society and the market--both here in Japan and abroad.

Our business model rooted in the extensive utilization of forest resources, I believe, gives us a significant advantage in a growing trend to build a circular society and economy. While cherishing the culture of paper, we will reinforce our Daily-life Products business and enhance our presence in such areas as forest and wood products and new biomass materials. We will thus speed up and expand the transformation of our business structure, steadily boost profitability, and strengthen our financial foundations, ensuring the Group's ongoing growth and the increase of its corporate value.

We will do everything in our power to live up to the expectations and trust of all our stakeholders.

Akira Sebe

President & Representative Director

Nippon Paper Industries Co., Ltd.