Message from our CEO

The Mitsubishi Paper Mills Group has been in business for over 120 years since its establishment in 1898. However, lifestyle changes caused by the new coronavirus have accelerated the decline in paper demand due to the progress of digitalization. In order to respond to this market change, we need to promote structural reforms to strengthen our revenue base at an unprecedented speed.

To achieve this, we will (1) strengthen profitability through selection and concentration, as well as new business expansion, (2) contribute to the environment, and (3) promote company values through thorough compliance, diversity management, and work style reform.

Firstly, we will strengthen our earnings base through selection and concentration, as well as new business expansion. The market for information media such as printing, publishing, and photography, which has been at the core of our business in the past, is expected to shrink further in the future. Therefore, we will strive to maximize cash flow through thorough cost reductions in this field. On the other hand, although we have been trying to shift to the functional materials business such as non-woven fabrics and filters, we have not been able to respond to changes in the market at conventional speeds. We will accelerate this transformation by responding quickly to market needs. Through these efforts, we will review our business portfolio and optimize the allocation of management resources to quickly strengthen our earning power.

Next, we will strive to be more environmentally conscious. We sell FSC^® forest certified paper and products that contribute to the elimination and reduction of plastic. We will continue endeavors that contribute to the achievement of the SDGs (Sustainable Development Goals) through the development and provision of new products that contribute to the environment and efforts to realize a de-carbonized society, overall achieving carbon neutrality.

Finally, we will promote company values through thorough compliance, diversity management, and work style reform. Compliance is the cornerstone of the trust that our customers have in us, and we will ensure that it is recognized throughout the company as an essential condition for our continued existence. We are also committed to diversity management that brings together the knowledge, experience, and core values of each and every employee and to implement work style reform to protect the health of our employees and achieve a work-life balance.

In addition to these efforts, we will work to enhance our corporate values by communicating with all stakeholders, including shareholders, investors, customers, business partners, local communities, and employees, and disclosing appropriate information to meet your expectations. We look forward to your continued support and patronage. Please look forward to the future of the new Mitsubishi Paper Mills Group.