Dave Savastano, Editor07.31.15
Toyo Ink SC Holdings Co., Ltd.
7-1, Kyobashi 3-chome
Chuo-Ku, Tokyo 104-8377 Japan
Phone: +81-3-3272-5731
Fax: +81-3-3272-8688
www.toyoinkgroup.com
E-mail: info@toyoinkgroup.com
Sales: $1.414 billion (¥150,582 million) in printing ink and graphic arts supplies; consolidated results: $2.7 billion (¥286,684 million).
Major Products: Printing inks, newspaper inks, UV-curing inks, gravure inks, graphic arts supplies, graphic arts equipment, can coating finishes, resins, adhesives, waxes, laminating adhesives, coating and painting materials, pigments, processed pigments, plastic colorants, media materials, natural products.
Key Personnel: Kunio Sakuma, chairman; Katsumi Kitagawa, president and CEO; Katsumi Yamazaki, senior managing director and president of Toyo Ink Co., Ltd.; Hiroya Aoyama, senior managing director and CFO; Hironori Sakai, director and president of Toyocolor Co., Ltd.; Satoro Takashima, director and president of Toyochem Co., Ltd.; Kazuhiko Ide, director and technical director.
Number of Employees: 7,919 (consolidated).
Comments: The Toyo Ink Group had a solid year last year, as consolidated sales rose 2.5% to ¥286,684 million yen ($2.7 billion). Operating income was ¥18,210 million ($172 million), a decline of 7.7%, although net income rose 8.5% to ¥13,304 million ($125 million).
The business environment of Toyo Ink Group remained challenging, as domestic demand for printing was sluggish and the prices of raw materials remained high due to the weak yen. Toyo Ink Group fared well on the printing ink and graphic arts side. Graphic arts are represented in two segments at Toyo Ink, Printing and Information and Packaging Materials, which totaled ¥150,582 million ($1.42 billion) in sales in 2014.
The Printing and Information segment had net sales of ¥87,468 million ($824 million) in 2014, an increase of 2.3%. The company noted that operating income declined 38.1% year in year, to ¥2,639 million yen ($25 million), largely due to higher raw material prices.
In the Printing and Information sector, Toyo Ink reported that domestic sales of advanced offset inks increased, including products with high UV sensitivity and hard coat products used in touchscreens. Demand for sheetfed printing, offset rotary and newspaper inks declined due to the shrinking printing market associated with digitization and the significant effect of the consumption tax hike.
Demand for offset inks grew in Southeast Asia and India, and Toyo Ink expanded UV ink business globally through its April 2013 acquisition of the Arets Group. In Brazil and India, the company added a second manufacturing base to meet expanding demand.
In the Printing and Information segment, Toyo Ink is accelerating development and global sales of high-function products such as products with high UV sensitivity and functional coat products for the electronics market. The company is also aiming for improving quality and reducing cost at the same time through in-house production of key materials for ink production, the integration of models, the improvement of production processes, and the rationalization of sales organizations.
Toyo Ink reports it will increase the production capacities in India, Brazil, and inland areas of China and move forward with expansion into the Middle East and Africa, centered on Turkey, where the company recently established its subsidiary, Toyo Ink Turkey Kimya Sanayi A.S.
The Packaging Materials segment increased 0.9% to ¥63,114 million ($594 million), but operating income dropped 10.8% to ¥1,768 million ($16.7 million). Domestic sales of publication gravure inks continued to decline, and packaging gravure inks sales suffered due to unseasonable summer weather.
Overseas, Toyo Ink reported that sales of eco-friendly packaging inks grew in Southeast Asia and India. Sales of gravure inks for construction materials saw sluggish growth in North America.
In Packaging Materials, Toyo Ink is focusing on improving quality and increasing sales of gravure inks that support environmental consciousness and food hygiene and flexographic inks for soft packaging. Meanwhile, the company is emphasizing cost reduction through integration of raw materials and basic prescriptions on a global scale. Toyo Ink will also seek to expand production capacity in countries such as India and Brazil, where the market is expected to expand going forward.
In January, Toyo Ink SC Holdings Co., Ltd. merged two wholly-owned subsidiaries, Toyo Ink Chemicals Taiwan Co., Ltd. and Toyo Ink Taiwan Co., Ltd., into Toyo Advanced Science Taiwan Co., Ltd.
The merger absorbed Toyo Ink Taiwan, which imported and sold Toyo Ink Group color and functional materials, polymers and coatings, into Toyo Ink Chemicals Taiwan, which manufactures and sells resist inks used for LCD color filters.
Toyo Advanced Science Taiwan manufactures and sells color resist inks for LCDs and imports and sells printing inks, printing-related materials, pigments, optical materials and adhesives.
7-1, Kyobashi 3-chome
Chuo-Ku, Tokyo 104-8377 Japan
Phone: +81-3-3272-5731
Fax: +81-3-3272-8688
www.toyoinkgroup.com
E-mail: info@toyoinkgroup.com
Sales: $1.414 billion (¥150,582 million) in printing ink and graphic arts supplies; consolidated results: $2.7 billion (¥286,684 million).
Major Products: Printing inks, newspaper inks, UV-curing inks, gravure inks, graphic arts supplies, graphic arts equipment, can coating finishes, resins, adhesives, waxes, laminating adhesives, coating and painting materials, pigments, processed pigments, plastic colorants, media materials, natural products.
Key Personnel: Kunio Sakuma, chairman; Katsumi Kitagawa, president and CEO; Katsumi Yamazaki, senior managing director and president of Toyo Ink Co., Ltd.; Hiroya Aoyama, senior managing director and CFO; Hironori Sakai, director and president of Toyocolor Co., Ltd.; Satoro Takashima, director and president of Toyochem Co., Ltd.; Kazuhiko Ide, director and technical director.
Number of Employees: 7,919 (consolidated).
Comments: The Toyo Ink Group had a solid year last year, as consolidated sales rose 2.5% to ¥286,684 million yen ($2.7 billion). Operating income was ¥18,210 million ($172 million), a decline of 7.7%, although net income rose 8.5% to ¥13,304 million ($125 million).
The business environment of Toyo Ink Group remained challenging, as domestic demand for printing was sluggish and the prices of raw materials remained high due to the weak yen. Toyo Ink Group fared well on the printing ink and graphic arts side. Graphic arts are represented in two segments at Toyo Ink, Printing and Information and Packaging Materials, which totaled ¥150,582 million ($1.42 billion) in sales in 2014.
The Printing and Information segment had net sales of ¥87,468 million ($824 million) in 2014, an increase of 2.3%. The company noted that operating income declined 38.1% year in year, to ¥2,639 million yen ($25 million), largely due to higher raw material prices.
In the Printing and Information sector, Toyo Ink reported that domestic sales of advanced offset inks increased, including products with high UV sensitivity and hard coat products used in touchscreens. Demand for sheetfed printing, offset rotary and newspaper inks declined due to the shrinking printing market associated with digitization and the significant effect of the consumption tax hike.
Demand for offset inks grew in Southeast Asia and India, and Toyo Ink expanded UV ink business globally through its April 2013 acquisition of the Arets Group. In Brazil and India, the company added a second manufacturing base to meet expanding demand.
In the Printing and Information segment, Toyo Ink is accelerating development and global sales of high-function products such as products with high UV sensitivity and functional coat products for the electronics market. The company is also aiming for improving quality and reducing cost at the same time through in-house production of key materials for ink production, the integration of models, the improvement of production processes, and the rationalization of sales organizations.
Toyo Ink reports it will increase the production capacities in India, Brazil, and inland areas of China and move forward with expansion into the Middle East and Africa, centered on Turkey, where the company recently established its subsidiary, Toyo Ink Turkey Kimya Sanayi A.S.
The Packaging Materials segment increased 0.9% to ¥63,114 million ($594 million), but operating income dropped 10.8% to ¥1,768 million ($16.7 million). Domestic sales of publication gravure inks continued to decline, and packaging gravure inks sales suffered due to unseasonable summer weather.
Overseas, Toyo Ink reported that sales of eco-friendly packaging inks grew in Southeast Asia and India. Sales of gravure inks for construction materials saw sluggish growth in North America.
In Packaging Materials, Toyo Ink is focusing on improving quality and increasing sales of gravure inks that support environmental consciousness and food hygiene and flexographic inks for soft packaging. Meanwhile, the company is emphasizing cost reduction through integration of raw materials and basic prescriptions on a global scale. Toyo Ink will also seek to expand production capacity in countries such as India and Brazil, where the market is expected to expand going forward.
In January, Toyo Ink SC Holdings Co., Ltd. merged two wholly-owned subsidiaries, Toyo Ink Chemicals Taiwan Co., Ltd. and Toyo Ink Taiwan Co., Ltd., into Toyo Advanced Science Taiwan Co., Ltd.
The merger absorbed Toyo Ink Taiwan, which imported and sold Toyo Ink Group color and functional materials, polymers and coatings, into Toyo Ink Chemicals Taiwan, which manufactures and sells resist inks used for LCD color filters.
Toyo Advanced Science Taiwan manufactures and sells color resist inks for LCDs and imports and sells printing inks, printing-related materials, pigments, optical materials and adhesives.