Toyo Ink Group releases the first integrated report

The company to improve communication with stakeholders

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Toyo Ink Group releasing the first integrated report
Toyo Ink Group releasing the first integrated report

Toyo Ink SC Holdings, the Tokyo-based parent company of the specialty chemicals manufacturing conglomerate Toyo Ink Group, has released the ‘Toyo Ink Group Integrated Report 2021,’ the first report of its kind for the company. Up to now, the Group has disclosed its financial information through securities reports, financial statements, fact books, and financial results briefings while issuing Corporate Social Responsibility (CSR) reports for highlighting its environmental and CSR-related initiatives. 

To help all stakeholders understand the Group, the company has now combined details on its management plans and business strategy, CSR and value creation initiatives, and other factors in an integrated report. The CSR Report and Fact Book will continue to be issued, although in a slightly altered format.

Toyo Ink shows correlations between financial and non-financial aspects

This transition reflects the company’s commitment to promoting corporate reporting that more clearly shows the correlations between the financial and non-financial aspects of the Group’s operations. To help achieve this end, the report’s content is based on the framework developed by the International Integrated Reporting Council (IIRC), the Global Reporting Initiative (GRI) guidelines, and the guidance for collaborative value creation of Japan’s Ministry of economy, trade and industry.

Kazuhito Nakano, managing director overseeing CSR initiatives of Toyo Ink SC Holdings
Kazuhito Nakano, managing director overseeing CSR initiatives of Toyo Ink SC Holdings

Kazuhito Nakano, company’s managing director overseeing CSR initiatives, remarked — “The shift to integrated reporting was a natural step in this, the first year of our new mid-term management plan called the Scientific Innovation Chain II. We hope the report helps provide a clearer picture of how the Group’s management strategy and business activities generate social value while sustainably driving our corporate value. Through the publication of such reports and proactive corporate disclosure, the Toyo Ink Group is committed to improving communication with all our stakeholders.”

 

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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