Message from the President

Based on our management philosophy, "Creatively and Actively Contribute to Society”, the long-term vision of JSP is to become "A Global Company for Global Society”.

JSP started its Medium-term Business Plan "Change for Growth" in the fiscal year 2021. In the first year of the plan, raw material prices soared beyond expectations, supply chain disruptions and semiconductor shortage effects were experienced but steady progress was made in expanding the use of P-BLOCK/ARPRO expanded polypropylene in the automotive parts sector and MIRAMAT foamed polyethylene sheets for flat panel displays, which are part of the Company's growth strategy. We will continue to respond to the demands of society by developing products that take advantage of the properties of foamed plastic products, such as heat insulation, cushioning, weight reduction, and soundproofing, as well as adding various functions, including sustainable antistatic properties.

The basic concept of this Medium-term Business Plan is “to expand the provided value from economic value to social value to solve customer’ and social issues” and “to fortify our management base”. To implement this concept we established the Sustainability Promotion Department within the Corporate Planning Division in April 2021, identified materiality as important issues and are promoting sustainability management. We also recognize that the importance of governance, including management efficiency, transparency and soundness is increasing and other aspects of governance is increasing and we will continue to fulfill our social responsibilities through the effective functioning of corporate governance.

As a response to the formation of a sustainable society, we have already expanded sales of products made from recycled materials in Europe and the United States and we have also begun supplying products that reduce energy consumption during molding by our customers. With regard to the 3Rs, Reduce, Recycle and Reuse, which is our basic response to the problem of plastic waste, we have increased the material recycling ratio within the Group and will continue to promote cooperation with the entire supply chain related to our business. As part of these efforts we have been working with our customers from the design stage for residential insulation materials, “MIRAFOAM”, and we deliver the products after dividing and cutting, thereby eliminating the labor of processing at the construction site and eliminating the generation of waste.

Although various challenges have arisen, including the impact of the new coronavirus, the entire Group will work together to realize our long-term vision of becoming "A Global Company for Global Society” and to promote our management philosophy of "Creatively and Actively Contribute to Society”.

We would like to ask our shareholders for their continued support and encouragement.