Message from the President

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

　The medium-term business plan “Change for Growth 2026” started in April 2024. The previous medium-term business plan period was marked by drastic changes such as the global outbreak of the pandemic, the sharp rise in resource and energy prices and the increased geopolitical risks. Based on these experiences and challenges, we have decided to give priority to improving profitability again and at the same time improve capital efficiency to further expand our corporate value.

　One of the key issues of this medium-term business plan is to strengthen profitability by making the best use of the characteristics of each business and region. The first step is to change the organizational structure and ensure efficient profitability within each business division. The Extrusion Business Division, consisting of Living Materials Division, Industrial Materials Division and Construction and Civil Engineering Materials Division, will strengthen profitability by promoting cost reductions through taking advantage of the commonality of the basic technologies and the production plants and reviewing product portfolio to ensure efficient profitability. The Bead Business Division, consisting of Advanced Materials Division, Global Business Division and EPS Division, will pursue further technological development of ARPRO, expanded polypropylene foam (EPP) material which is marketed globally. The technological development includes composites with other technologies to expand its applications. In addition, the Bead Business Division will aim to expand production regions to emerging countries where growth is expected and to strengthen global branding. For the future expansion of business areas, the Research and Development Division has been reorganized to a unit system for each research field to create agile and flexible research structure. We will also further strengthen cooperation between the Research and Development Division and the New Business Development Division, both of which are responsible for developing businesses that do not belong to existing business divisions.　

　Moreover, the medium-term business plan positions the improvement of capital efficiency as another key issue. With the aim of further improving capital profitability, we will optimize our capital structure while maintaining financial soundness and, where necessary, use debt and further enhance shareholder returns, as well as continue to make strategic investments.

　The JSP Group provides products for a variety of markets, including food containers and various packaging materials, construction and civil engineering materials, and equipment parts and components including for automotive applications. We also operate globally, from Europe and North and South America to Asia, and carry out business activities in line with the local characteristics of each region. We will continue to broaden our business areas and regions and to expand our high value-added products through development of new products and new grades.

　We will make further efforts to deliver and enhance a better life around the world by utilizing the various properties of foamed plastics based on our management policy “Deliver with WOW!”.　
　We look forward to your continued support.