Shrink Sleeve Labels

FY2024 was a very good year with improved revenue across all regions. The background to this is the growth of each individual. Each employee took responsibility for their work and approached it as if it were their own project, which led to positive results, boosted self-confidence, and further strengthened the structure of "if we manufacture, we will make a profit." I would like to thank all the members who were involved in the business.
Looking at the situation in each region, the most notable changes have been in ASEAN, where there has been an increase in positive comments and proposals, raising expectations for further growth. Regarding Japan, since growth will slow if the status quo is maintained, we hold regular technical meetings with the aim of expanding into areas where shrink sleeve labels are not yet used. In Europe, where we have achieved profitability, we held in-depth discussions on growth as the next step. In the Americas, although it will depend on government actions, we believe that there are no particular risks and predict that growth will continue.

In order to grow the business, it is essential that we launch newly developed products quickly. However, until now we have not been able to achieve this speed. Therefore, we changed our previous policy of each region working on a different development theme, and instead we had all regions work on the same theme. This created competition in a good way and enabled us to speed up our development. What is interesting is that even with the same theme of "high decoration," for example, different ideas come up depending on local needs, such as gorgeous designs using gold foil in ASEAN and 3D processing in Europe.
We aim to differentiate ourselves from our competitors by bringing new products to market as quickly as possible, and use this first-mover advantage to further our development. I think it is important not to interrupt this cycle.

One of the initiatives we will focus on going forward is flat labels (wrap-around labels), the demand for which has been increasing in recent years. We plan to create high added-value products in collaboration with Seki Co., Ltd., with whom we entered into a capital alliance in March 2024, and to develop the market with an eye toward commercialization.
Moreover, since members in each region have begun to take action on their own initiative, I will focus on preparing for expansion into new regions such as India, and do my best to achieve the goals of FSG.30.