In 2025, our company celebrated its 180th anniversary. Throughout this time, we have been supported by numerous business partners, shareholders, government agencies, local communities, and our executives and employees and their families, and have consistently responded to your patronage as a leading company in the paper distribution industry.
On the other hand, the global economy has become increasingly uncertain since the start of 2025, triggered by new trade policies from the United States, and it is expected that this uncertainty will continue for some time. In this context, following on from 2023 and 2024, there are concerns about further stagnation or decline in paper demand in major countries and regions, as well as an increase in labor costs , a surge in logistics costs, and persistently high raw material and energy costs, resulting in a challenging business environment.
As a group, we are earnestly working on creating new mechanisms and initiatives from scratch, rather than simply continuing with what we have done in the past, to realize the vision of what our group should be in 2030 as outlined in our long-term business strategy , OVOL Vision 2030. This is based on the trust we have built with our customers, which is our greatest asset, and the values of “integrity,” “fairness,” and “harmony” that we cherish most.
OVOL Vision 2030
The ideal state we aspire to achieve by the year 2030
● The world's leading paper distribution group
● A group that contributes to a sustainable society and the global environment
● A corporate group that strives to be widely recognized and well thought of and considered a trustworthy and engaging partner both within and beyond the paper industry
In the 2024 fiscal year, the first year of our three-year Medium-term Business Plan 2026, we had already actively developed new mechanisms and initiatives. Although many of these efforts required significant upfront costs, we are confident in our progress towards realizing the OVOL Vision 2030 and evolving into a sustainable corporate group, in alignment with the three basic policies outlined in Medium-term Business Plan 2026, financial capital strategies such as shareholder returns and human capital investment, as well as sustainable management and other policies.
We kindly ask for your continued understanding and support for our group's activities aimed at realizing OVOL Vision 2030.
Akihiko Watanabe
Representative Director, President & CEO
June 2025