Medium-term Business Plan 2023 Basic Policy

[Final Target]
Consolidated ordinary profit of JPY15 billion

I.Creating Added Value in the New Normal
We will become a world-leading paper distribution group that continues to create new functions and added value.

• 1In addition to demonstrating the functions demanded in an era of new values, we will establish a business structure that matches changing needs in relation to manufacturing, sales, services, ICT systems, logistics, and working styles, and achieve our profit targets by FY2023.
• 2In this new era, we will create new business and new products by combining the technology, knowledge and expertise of our group with the assets of our diverse business partners, and contribute to the business development of these partners.
• 3In addition to functions such as information communication, wrapping, and wiping, paper and paper products have a sense of touch and texture that enriches and comforts people, and a presence as products that encourage people to own and collect them. We will deliver these values of paper and paper products to society through events and business activities, and expand the scope of demand.

II.Evolving Into a Group That Pursues Excellence Even Beyond the Paper Industry
We will continue to improve every aspect of our business to ensure we maintain a high level of satisfaction for all stakeholders, and work to further extend the scope of our trust and appeal as a corporate group.

• 1We will continue to thoroughly implement actions based on the group's corporate philosophy (integrity, fairness, and harmony), and contribute to the achievement of the SDGs through the businesses of each company in the group.
• 2We will proactively engage in cultural and educational support activities and global environmental conservation activities.
• 3We will respect diverse values and create an environment where it is easy to work and where individual abilities can be maximized.
• 4We will strengthen governance and compliance, and enhance engagement with stakeholders.

OVOL Vision 2030
Paper, and beyond

Japan Pulp & Paper Co., Ltd. was founded in 1845 as a merchant of Japanese washi paper, and has since grown into OVOL, a corporate group with 112 group companies, 4,000 consolidated employees, and diversified business operations in 21 countries and regions around the world. This vision, drawn up in 2021, details the group’s aspirations for the 10-year period to 2030.

（May 2021）

The World’s Leading Paper Distribution Group

We will refine our know-how and network cultivated over more than 170 years in the paper and paperboard wholesaling business to become recognized as the world’s leading paper distribution group.

A Group That Contributes to a Sustainable Society and Global Environment

In addition to our core paper and paperboard wholesaling business, through the recycling of recovered paper and other materials, paper manufacturing, and our renewable energy businesses, we will become a corporate group with an acute awareness of the UN’s Sustainable Development Goals (SDGs) that further contributes to a sustainable society and global environment.

A Corporate Group That Strives to be Considered a Trustworthy and Engaging Partner Both Within and Beyond the Paper industry

We will strive to become widely recognized and well-thought of within society for our corporate excellence.

[Target Estimate for 2030] Consolidated ordinary profit of JPY25 billion