THE PACK CORPORATION (3950) Stock Price

Market cap
¥81B
P/E ratio
14.2x
The Pack manufactures and sells paper bags, plastic bags, printed containers, and packaging products for businesses across Japan, the US, and China.

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Business Overview

The Pack's primary business is the manufacturing and sales of paper products, chemical products, and other merchandise. The company also engages in related research, logistics, and services. The Pack Group consists of The Pack headquarters and eight consolidated subsidiaries.

In the paper products business, the company manufactures, procures, and sells paper bags, printed paper containers, and corrugated cardboard. This business involves The Pack headquarters, Keihin Special Printing, Nikko Printing, Pack Takeyama, Nishinihon Printing Industry, Cannal Printing, The Pack America Corporation, Tokuhyakka Packaging Trade (Shanghai), and Tokuhyakka Packaging Products (常熟).

In the chemical products business, the company manufactures, procures, and sells plastic bags and tailor bags. This business involves The Pack headquarters, Pack Takeyama, The Pack America Corporation, and Tokuhyakka Packaging Trade (Shanghai).

In other businesses, the company procures and sells gift items, office supplies, price tags, design services, and promotional materials. This business involves The Pack headquarters, Pack Takeyama, Nishinihon Printing Industry, Cannal Printing, The Pack America Corporation, and Tokuhyakka Packaging Trade (Shanghai).

The Pack America Corporation is a U.S. corporation primarily serving the U.S. market. Tokuhyakka Packaging Trade (Shanghai) and Tokuhyakka Packaging Products (常熟) are Chinese corporations engaged in sales and production for the domestic Chinese market.

Management Policy

The Pack is strengthening its position as a total solutions provider for packaging. The company has adopted "Evolution – The Beginning of Purpose-Driven and Sustainable Management" as the slogan for its medium-term management plan, targeting consolidated net sales of 107 billion yen and operating profit of 8.3 billion yen by 2025.

As part of its growth strategy, The Pack is intensifying its focus on the food market, e-commerce/mail-order market, and logistics industry. In particular, the company is working to increase sales of paper-based primary containers for food products and improve supply capacity for paper delivery bags that enhance transportation efficiency. Through the sale of environmentally friendly products, the company aims to contribute to society and enhance brand value.

In human capital strategy, the company is prioritizing the recruitment and development of diverse talent. While strengthening mid-career hiring, promoting women's advancement, and expanding employment of people with disabilities, the company is also enhancing training programs and providing skill development support. Additionally, the company is working to improve the work environment and maximize employee engagement.

In financial strategy, the company supports efficient and continuous growth through growth investments and shareholder returns. The company plans to make capital investments and invest in new businesses while maintaining a dividend payout ratio of 35% or higher and implementing share buybacks. Through these measures, the company will build a stable financial foundation and achieve sustainable growth.

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