What the Oji Group Aims for

Value Creation Process
Toward a brighter
future filled with hope

The Oji Group conducts business operations that are rooted in forests, at the heart of which are our core competencies centered on our sustainable business model and forest resources. We will conduct business activities that reflect
our Management Philosophy, Purpose, and material issues and take action on various measures based on our Longterm Vision while cultivating the necessary elements as appropriate. In addition to making a further leap “Toward Further Growth and Evolution,” we will engage in value creation for the realization of a brighter future filled with hope.

Business Operations Rooted in Forest Resources

Value Creation

Human capitalIntellectual capital

Natural capital

Toward Further Growth and Evolution

Enhancement ofeconomic value

Initiatives forEnvironmental Issues

Initiatives for Profitability
Improvement

Initiatives for
Product Development— Sustainability —— Profitability —— Green Innovation —P25-34

Necessary elements ofvalue creation

R&D expenses: ¥9.3 billion
Number of patents, utility models,and design patents held: 3,245

Business strategy

Core forestation and paper
manufacturing technologies
that contribute to solutions
to social issues

Practice of value creation

Number of employees of
the consolidated Group: 37,845
Percentage of overseas
employees: 57.2%

Long-term vision

Global and diverse humanresources that support
value creation

Funds

P83-102

Human resourcesand education

P43-62

Digitalization

P35-42

Information andcommunication

Co-creation withoutside parties

Business activities (Household and Industrial Materials, Functional Materials,
Forest Resources and Environment Marketing, Printing and Communications Media)

Circular use of resources

Corporate slogan

Manufactured capital“Beyond the Boundaries”

Financial base andinvestment for the realization ofgrowth and evolution

The Oji Group Integrated Report 2023

ManagementPhilosophy• Creation of Innovative Value• Contribution to the Future
and the World• Harmony with Natureand SocietyCore competencies centeredUtilization ofon sustainable businessrenewable resources model and forest resources

P1-2

Environmental Action
Program 2030

Sustainable forest
management

Application of fundamental paper
manufacturing technologies

Development of new materials
derived from wood

Global networkand sales
P83-85• Action on climate change• Abundant forests creation
and resource recycling• Consideration forecosystem• Development of trusting
relationships with ourstakeholders

P86-88Foundation ofbusiness continuity

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Management targets
for FY2030

Enhancement ofsocial andenvironmental value

Grow and manage
the sustainable forest,
Develop and deliver the products
from renewable forest,And
Oji will bring this world a brighter
future filled with hope.

Environmental Social GovernanceSocial and relationship capital

Number of companies surveyed
for supplier sustainability
P101
surveys: 895
Number of countries where ourproducts are sold: 113• Consolidated operating
profit of 150.0 billion yen
or more• Overseas sales ratio of 40%(With a target of 50%
in the future)

PurposeMaterial issues

Shareholders’ equity: ¥784.4 billion
Interest-bearing debts: ¥788.3 billion

Relationships of trust andco-creation with various
stakeholders

Heart of value creation

Financial capitalCore competencies

Overseas manufacturing sites:
85 sites in 17 countries
Capital investment, etc.: ¥100.1 billion

Medium-termManagement Plan
Management targets
for FY2022–2024• Consolidated net sales of
2.5 trillion yen or more

Oji Forests (conservation forests):603,000 ha (148,000 ha)
Rate of forest certificationacquisition: 96%(Japan: 100%, overseas: 94%)

Synergies created by
global networkWhat the Oji Group Aims forManagement Capital

Environmental Vision
2050

EnvironmentP25-34

P83-102

Compliance

SafetyP72-73

P99-100• Net-zero carbon• Harmony with nature andsociety

The Oji Group Integrated Report 2023

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