
We will strengthen cooperation within the Oji Group and thoroughly manage cash flow by promoting the building
of an optimal production system.
Takayuki Moridaira
President, Printing and Communications
Media COMPANY
Executive Officer
Oji Holdings Corporation
Segment Overview
YoY: Increase in Sales and Decrease in Profit
●Japan: Despite the continued decline in demand, net sales of newsprint, printing, and communication paper increased owing to price revisions.
●Overseas: Net sales at Jiangsu Oji Paper Co., Ltd. in China were essentially unchanged from the previous year due to the slow economic recovery following the end of the Zero-COVID policy.
Business Overview
We handle a range of paper products used as information transmission media, including newsprint, as well as printing and communications paper. In addition to meeting the quality demanded by our customers, we strive to develop new products and technologies that will create newer value and enrich society.
Newsprint Business
One of the world’s leading newsprint mills, Tomakomai Mill produces high-quality newsprint with features requested by customers, such as lighter weight and improved print reproducibility, making full use of a wide variety of pulp. We hold an approximately 30% share of the Japanese market with a stable supply to customers throughout the country, including the Greater Tokyo area. Newsprint production using a large amount of recovered paper also contributes to paper recycling.

Printing and Publication Paper
Business
We offer a wide range of printing papers to meet various needs, including art paper used for photo albums and high-end catalogs, coated paper used for magazines and flyers, and wood-free paper used for books, each of which play a role in the day-to-day communication of information. We also offer a full lineup of environmentally friendly printing paper, including FSCTM-certified paper and products compliant with the Green Purchase Act.

Communications Paper
Business
We provide various output media to support information processing systems, including copying paper and continuous paper. Produced with our carefully built quality design and quality control system, they can be used on printers with different printing methods and models. We offer high-quality products not only superior in printability and workability in converting but also capable of meeting the needs for printing at ever-higher speeds for productivity improvement.

Challenges in Achieving the Medium-term Management Plan and Priority Measures for FY2024
Production System Restructuring and Enhancement of Competitiveness
We are working to deepen cooperation within the Oji Group and utilize pulp manufacturing facilities, biomass boilers, and other assets to the maximum extent while improving profitability and competitiveness. At the Tomakomai Mill, we converted a newsprint machine to a machine for manufacturing containerboard in October 2021 and started operation of a special liner and special paperboard machine relocated from the Nayoro Mill of Oji Materia in April 2022. One machine producing newsprint and printing paper was shut down in 2024. Overseas, utilizing existing pulp manufacturing facilities and biomass boilers, etc., we built a new household base paper machine at Jiangsu Oji Paper in China and started operations in 2020. Taking into account structural changes in the environment and trends in demand, we will advance the building of an optimal production system, implement thorough cash flow management, reduce fixed costs, and improve production efficiency.
Building of a production system for 2020 onward
・In July 2020, started operation of household base paper machine in Jiangsu Oji Paper in China.
・In October 2021, we converted a newsprint machine to a containerboard machine at Tomakomai Mill.
・ In April 2022, we started operation of a special liner and special paperboard machine relocated from Nayoro Mill of Oji Materia at the same milll.
・In February 2024, we shut down a newsprint and printing paper machine at Tomakomai Mill.

The #L-1 machine (converted from the #N-5 machine) Jiangsu Oji Paper Household base paper machine (TM1)
at Tomakomai Mill
Initiatives to Enhance Corporate Value
While working to strengthen the profitability and competitiveness of our existing businesses, we are also actively advancing our GX strategies. As part of our GX strategies, we are utilizing clean energy that is renewable and emits no greenhouse gas from power generation, produced by the Tomakomai Mill–owned industrial hydroelectric power plant that is the oldest in Japan. We have also begun joint studies with the Tokyo Gas Group on the production and use of e-methane, which utilizes green hydrogen produced using this renewable energy–derived electricity and carbon-neutral fuel-derived CO2. (P.61 ) Usable as an alternative fuel to natural gas, e-methane will make a significant contribution to improving Japan’s energy self-sufficiency because it is entirely domestically produced. We are looking ahead to full-scale capital investment for commercialization from 2030 onward. We will accelerate our efforts to realize a decarbonized society through sustainable energy solutions.

Tomakomai Mill-owned Chitose No. 1 Hydroelectric Power Plant