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Packaging Business

A leading packaging company

We manufacture and sell a variety of packaging containers that support everyday life, including metal products such as empty beverage and food cans, plastic products such as bottles and pouches, as well as caps, paper containers, and glass bottles.
We are able to provide a wide variety of containers across the group, allowing us to flexibly respond to the needs of our customers and society.

Packaging Business group company

Paper products
Glassware

Metal products: empty beverage cans

We manufacture and sell empty cans for soft drinks such as coffee and carbonated drinks, as well as empty cans for alcoholic drinks such as beer and chuhai.

* Equity method affiliate

Metal products: Empty cans for food and household goods

We manufacture and sell empty food cans for seafood and fruit products, as well as empty household cans for insecticides and bath salts.

Metal products: Metal caps

We manufacture and sell maxi caps and crown caps for soft drinks and alcoholic beverages, as well as screw caps for food products.

*Equity method affiliate

Metal products: Other metal products

We manufacture and sell 18 liter cans.

Plastic products: PET beverage bottles

We manufacture and sell PET bottles for soft drinks such as carbonated drinks and tea, as well as PET bottles for alcoholic drinks such as sake and shochu.

  • Toyo Seikan Co., Ltd.

    Manufacture and sale of various empty cans, containers, and filling equipment

  • Ryukyu Seikan Kaisha, Ltd.

    Manufacture and sale of PET bottles and various empty cans

  • Toyo Seikan (Thailand) Co., Ltd.

    Manufacture and sale of plastic products, manufacture and sale of PET beverage bottles and contract filling business, technical support center, administration services for group companies

  • Tokan (Changshu) High Technology Containers Co., Ltd.

    Manufacture and sale of resin products

Plastic products: plastic bottles

We manufacture and sell plastic bottles for food products such as mayonnaise and dressing, as well as household products such as laundry detergent and shampoo.

  • Mebius Packaging Co., Ltd.

    Manufacture and sale of plastic products

  • Toyo Seikan (Thailand) Co., Ltd.

    Manufacture and sale of plastic products, manufacture and sale of PET beverage bottles and contract filling business, technical support center, administration services for group companies

  • Tokan (Changshu) High Technology Containers Co., Ltd.

    Manufacture and sale of resin products

Plastic products: plastic films, pouches, trays

We manufacture and sell pouches for food such as curry, and refill pouches for laundry detergent.

  • Toyo Seikan Co., Ltd.

    Manufacture and sale of various empty cans, containers, and filling equipment

  • Tokan Kogyo Co., Ltd.

    Manufacture and sale of paper and plastic container products

  • Tokan (Changshu) High Technology Containers Co., Ltd.

    Manufacture and sale of resin products

Plastic products: plastic caps

We manufacture and sell plastic caps for PET beverage bottles.

*Equity method affiliate

Plastic products: Other plastic products

We manufacture and sell plastic cups and BIBs (bag-in-boxes).

* Equity method affiliate

Paper products

We manufacture and sell paper container products such as drinking cups and food cups, as well as various cardboard products.

Glassware

We manufacture and sell bottled products for soft drinks and alcoholic beverages, as well as various tableware for restaurants and general consumers.

Performance

Net sales were 602,447 million yen (up 2.4% from the previous year), and operating income was 27,005 million yen (up 86.7% from the previous year).

Market share and SWOT analysis

Share (Source: Our research)

  • Can

    ​1st place in Japan

    ​Approximately 40 % share

  • PET bottles
    (including preforms)

    ​1st place in Japan

    ​Approximately 30 % share

  • For PET bottles for soft drinks
    plastic cap

    ​1st place in Japan

    ​Approximately 60 % share

  • For drinking and
    Food-grade paper cups

    ​1st place in Japan

    ​Approximately 60 % share

  • Glass bottle

    ​2nd place in Japan

    ​Approximately 30 % share

Competitive Advantage

  • High product development capabilities and quality
  • A lineup of economically superior products based on stable supply capacity
  • Trust and a strong customer base built over many years

Assignment

  • Build a profit structure that is not affected by external factors such as raw material and energy prices and exchange rates
  • Optimizing sales strategies and production systems based on demand trends
  • Securing talent, improving employee engagement, and building a sustainable organization

Risk

  • Rising raw material and energy prices
  • Unstable international situation and fluctuations in financial markets
  • Intensifying market competition
  • Difficulty in recruiting personnel due to a decline in the working population

Opportunity

  • Increasing demand for aluminum and paper products aimed at reducing environmental impact
  • Creating new demand by developing products with improved functionality and convenience
  • Increase in sales opportunities overseas due to expansion of overseas business by clients

Strategies for sustainable growth

  • Optimizing production systems and products through investment and development in growth areas
  • Maintain profit margins through appropriate price changes and cost management in response to fluctuations in raw material and energy prices and exchange rates

Metal products

  • Adjustment of selling prices to ensure appropriate profit levels
  • Expand sales of aluminum bottle can caps for overseas markets where demand is expected to grow
  • Improve profitability by reducing fixed manufacturing costs and indirect costs

Plastic products

  • Expand sales of products for spouted pouches, for which demand is expected to grow
  • Invest in expanding production capacity for PET bottle products for seasonings, which are expected to see demand for general plastic bottles, develop products for healthcare applications, and expand sales channels to overseas markets.
  • Improve profitability by reducing fixed manufacturing costs and indirect costs

Paper products

  • New product development and new market development
  • Improve profitability through improved production efficiency, reduced fixed costs, and streamlined and reduced assets.

Glassware

  • Continued development and sales expansion of high value-added products
  • Cost reduction through energy conservation, labor saving, production efficiency, and work style reform (utilizing digital transformation, etc.)
  • Establishing the optical lens business and taking steps to reduce greenhouse gas (GHG) emissions

Progress and review of measures for sustainable growth in fiscal 2024

  • Pass on rising prices of raw materials and energy to customers and implement cost reductions
  • Shifting management resources to growth areas
  • Promoting improvements in unprofitable business areas and bases
  • Promoting the development and launch of environmentally friendly products

1. Sustainable growth of existing businesses

  • Implementing investments to improve production line production capacity and reduce labor costs
  • Expanding our lineup of paper container products to reduce environmental impact
  • Increased production capacity for PET bottle products for seasonings
  • Development and sales expansion of high-value-added products (alcohol bottles for export overseas, semiconductor containers, etc.)

2. Exploration, commercialization, and monetization of new growth areas

  • Developing and launching new paper containers that address social and environmental issues
  • Developing general plastic bottle products for healthcare applications and expanding sales channels to overseas markets
  • Initiatives to achieve business plans for the optical lens business
  • Searching for and developing applications for slightly water-soluble glass (using blue carbon, etc.)
  • Promoting market development using packaging systems and formats specifically designed for e-commerce logistics

3. Strengthening the management foundation to support growth

  • Promoting work style reform, utilizing IoT and DX, improving productivity through organizational reform, and allocating human resources to growth areas
  • Developing technologies to reduce the environmental impact of products and working with stakeholders to promote resource recycling
  • Reorganization of development structure and introduction of production facilities to develop new markets

4. Towards improving capital return

  • Consider sales strategies, including whether to continue accepting orders in unprofitable business areas
  • Improve profitability by expanding sales of high-value-added products and passing on selling prices
  • Promoting cost reduction through yield improvement

Strategies and key measures for fiscal 2025

  • Promoting the transfer of rising raw material and energy prices, as well as labor and logistics costs, to sales prices
  • Continue activities to restructure unprofitable business areas and bases
  • Promoting the shift of management resources to growth areas
  • Cost reduction through labor saving
  • Developing and launching environmentally friendly products

Metal products

  • Adjustment of selling prices to ensure appropriate profit levels
  • Promote the review of sales strategies in unprofitable business areas, including whether to continue receiving orders
  • Expand sales of caps for aluminum bottle cans for overseas markets, where demand is expected to grow

Plastic products

  • Expand sales of products for spouted pouches, for which demand is expected to grow
  • Promoting new product development for general plastic bottles and expanding sales channels to overseas markets
  • Improve profitability by reducing fixed manufacturing costs and indirect costs

Paper products

  • Improving productivity through the development of high-speed paper cup forming machines and promoting thorough investment recovery
  • Promote cost reductions through improved yield and development of labor-saving equipment

Glassware

  • Development and sales expansion of high value-added products (alcohol bottles for export overseas, semiconductor containers, etc.)
  • Promoting the introduction of robots to reduce manpower in production processes and improve production efficiency
  • Research and development of oxygen-hydrogen combustion technology for glass melting furnaces
  • Promote sales expansion of the optical lens business in China, Europe and the US