Digitalization

Digitalization is having two major impacts on the group. First, the paper wholesaling business, the group’s main business, is facing a continuing decrease in demand for graphic paper due to progress in digitalization and a declining population in Japan. It is difficult to imagine a significant recovery in demand for paper in this field. However, paper is capable of presenting information clearly and easily. It also has a physical presence and characteristics such as touch, texture, and workability. There is every reason to believe that it is possible for paper and digital media to coexist.
On the other hand, in order to realize OVOL Vision 2030, it is essential to build a robust management system that utilizes digital technology. From the perspective of business continuity plans (BCPs), we established the DX Promotion Office and began implementing group IT control activities from fiscal 2023. In addition, in order to generate further synergy across our diverse businesses, it is important to establish a data governance system for the entire group and to achieve higher productivity and more energy efficiency through DX. To do so, we aim to further enhance our organizational capabilities and fully utilize the strengths of each group company. We believe this will be the driving force for creating new business opportunities.