Contents

Introduction

Management

Social (S)Environment (E)Governance (G)Recognition / Assurance

To Our Stakeholders | TOPPAN’s Sustainability Initiatives | Message from an External Director

To Our Stakeholders

establishing earnings models and driving higher profits for
growth businesses, generating synergies across the Group, andadvancing sustainability management.
If we turn our eyes to the global situation, however, in thesummer of 2023 we saw impacts on nature and industry causedby numerous heatwaves, wildfires, and heavy rain, and people’s

Leveraging the TOPPAN Group’sstrengths and co-creation capabilities
to create new value and shapea sustainable society
Hideharu Maro

Representative Director
President & CEO

lives have been affected by what is said to be unprecedentedly
hot weather. The increased geopolitical and politico-economic
risks brought by Russia’s prolonged invasion of Ukraine areaffecting energy supplies and the entire resource supply chain,and the impact of rising prices caused by inflation has also been
felt in Japan.
The TOPPAN Group has launched a new part of its journeyamid these challenging and uncertain circumstances, but I
sense the possibilities that lie ahead. Even during the economic
stagnation of the prolonged COVID-19 pandemic, we werefortunately able to maintain our performance and grow. This isbecause the TOPPAN Group has unseen potential, and I believe
in its underlying strength. Going forward, we will drive

Addressing Global Sustainability Challenges

under a New Structure and a New Group

Philosophy

efficiency, transform the business portfolio, and maximize

collaboration to create value by leveraging the strengths of eachsynergies.

company in the Group and address global social issues throughCoinciding with the launch of the new structure, we haveestablished a new Group philosophy, “TOPPAN’s Purpose &Thank you to all our stakeholders for their continued support ofValues,” to align the trajectory and mindset of the entire Group.

the TOPPAN Group. Since I took over as president, we have

Every employee of the TOPPAN Group will engage in their work

driven transformation in various areas, but we are making awith the same values and approach and take on the challenge offresh start in 2023, meaning it is a major milestone in our moredelivering new solutions.

than 120-year history.

our innovation.

Driving Business Models That Leverage theTOPPAN Group’s Unique Strengths

TOPPAN VISION 21 , which we established in 2000, may still be

Since 2021, the TOPPAN Group has advanced its Medium

fresh in the minds of some of our stakeholders. Since then, weTerm Plan, which takes “Digital & Sustainable Transformation”

have indicated our intention to continue growing in harmony

Toppan Inc. transitioned to a holding company structure, and aas its key concept and targets profit expansion throughwith society and the global environment and provided diverse

new incarnation of the TOPPAN Group was born. TOPPAN

reorganization of businesses and investment in growth fields. In

products and services in the form of solutions that are bothHoldings Inc. will be responsible for Groupwide management

May 2023, we published the New Medium Term Plan, which isbased on and apply our “printing technologies.”and governance while the operating companies under it will

positioned as the “result delivery phase.” As a period forfocus on advancing their respective businesses. Based on this,accelerating transformation and expansion, we are stepping upenvironment for our operations has changed dramatically in thewe aim to accelerate decision-making, enhance management

efforts to create new value and achieve sustainable growth bylast 20 or so years. On the one hand, we have seen the advanceAs has already been announced, on October 1, 2023,

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However, it goes without saying that the business

Sustainability Report 2023

Contents

Introduction

Management

Social (S)Environment (E)Governance (G)Recognition / Assurance

To Our Stakeholders | TOPPAN’s Sustainability Initiatives | Message from an External Directorof information technology and digitalization, the use of AI, andservices, and prescription medicine delivery services. We will

I hope everyone understands that the word “printing” being

the emergence of giant global tech companies. On the other,also be able to create completely new models by collaborating

removed does not mean that TOPPAN has lost the essence of its

companies are now expected to undertake initiatives to address

with businesses producing packages and packaging materials

soul. When our founders, who were engineers at the Ministry ofa range of social issues, such as increasing climate change risk,for medications or by combining efforts with businesses thatFinance’s Printing Bureau, spun out the Company as a startup in

human rights issues, and efforts to contribute to theproduce sensors that record data on vital signs. By creating

1900, they used the latest technology of the time—the Erhöht

achievement of the SDGs. We see these changes in a positive

sophisticated, standardized solutions that facilitate platform-relief printing technique. They ventured out into the world withlight as business opportunities. Accordingly, linking ourbased services in these areas, we will be able to provide them tothis technology, which is known as the Erhöht toppan techniquebusiness with social issues to create new value has become asociety as more profitable business models.

in Japanese. This means that the word “toppan” does not justrepresent one of the core technologies of printing, but also

major theme for us.
"Digital & Sustainable Transformation" has been theShaping a Future Society Where Diverse Cultures

embodies the soul of our founders. “Erhöht” is a German word

Thrivethat means “raised” or “elevated.” I believe that the unchangingtaking orders to one in which DX and SX take center stage andWith its roots in the printing business, the TOPPAN Group ishigh with “toppan” as the essence of our soul.

we take advantage of the Group’s strengths, make proactive

now evolving into a new entity after more than 120 years. The

At the same time, in order for the TOPPAN Group toinvestments in growth and priority fields, and aim to generatecompany name has changed from Toppan Printing to TOPPAN.

accomplish its transformation and help shape a sustainableprofits that drive sustainable growth.

In addition to the organizational transformation to a holding

society for the future, we must accelerate efforts bolstering

concept for our business since 2021. The main focus of theseefforts is to move away from a business model based simply on

spirit and aspiration of the TOPPAN Group is to always aim

company structure and the business transformation of “Digitalprograms to secure and develop the human assets who will beedge. For example, our robust customer base means we engage& Sustainable Transformation,” the establishment of a new

the driving force behind that transformation, and establishwith diverse industries and the market as whole, and we haveGroup philosophy in the form of “TOPPAN’s Purpose & Values”

working styles and systems that further advance diversity.

also won the trust of customers through a conscientious

and the change of company name to TOPPAN mean that thesupport-based sales style. Other major advantages are theTOPPAN Group is being reborn in every way.

I believe we have many strengths that give us a competitive

advanced technical capabilities stemming from being a

The society that the new TOPPAN Group aspires to is a

In TOPPAN’s Purpose & Values, the first of the values is“integrity.” I believe this must be not only the integrity withwhich employees act in dealing with customers, but also thetechnology-oriented company since our founding, our ability toworld in which diverse cultures can thrive, as advocated byintegrity with which a company acts in its interaction with

apply those capabilities, and our specialist expertise.

TOPPAN’s Purpose & Values.

society. We will continue to drive forward, aiming to be an entity

When we refer to traversing the Group horizontally orUntil now, we have engaged extensively with society

vertically, we are talking about fusing and sharing resources

through the medium of “printing,” and been involved in

flexibly in each business and between the operating companies,

delivering the richness essential to people’s lives in the form ofenhancing collaboration and coordination, and ensuring end-to-culture, education, and the arts. I believe that every employee ofend management. We will drive these efforts aggressively under

the TOPPAN Group, me included, is proud to have advanced athe new structure.

business that can contribute not just to fulfillment in material

For example, one of our new businesses is the healthcarethat takes on the challenge of addressing diverse social issues
with integrity and enjoys the respect of global society.
The ongoing understanding and support of all ourstakeholders is greatly appreciated.
October 2023

terms, but also to spiritual fulfillment. Over human history, thebusiness. This will not be confined to providing data analysis

knowledge born out of printing and its contribution to theservices linking information from digital medical records, healthdevelopment of culture and civilization are immeasurable, but Icheckups, and screenings, and leveraging that data for thewould like to say something about the word “printing” now being

design and development of healthcare systems, consulting

removed from the company name.

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Representative Director
President & CEO

Sustainability Report 2023