ASAHIPEN CORPORATION (4623) Stock Price

Asahi Pen's main business is the manufacturing and sales of paints, DIY products, and pet supplies. The company operates as a group consisting of Asahi Pen itself and seven subsidiaries, totaling eight companies. Each business segment aligns with the segment classifications in the consolidated financial statements.

In the paint business, Asahi Pen and its subsidiary Taiho Coatings manufacture and sell paints. Taiho Coatings supplies raw materials and some products to Asahi Pen, while Asahi Pen also supplies products to Taiho Coatings. Additionally, Asahi Pen Home Ing Service handles painting construction contracts and施工.

In the DIY products business, the subsidiary Sunpapel manufactures interior and house care products, which are sold by Asahi Pen, Kyofuku Sangyo, and Sunpapel. For gardening products, Asahi Pen and Kyofuku Sangyo handle sales, with Asahi Pen supplying products to Kyofuku Sangyo.

In the pet supplies business, the subsidiary The Pet handles sales of pet food and pet products. In other operations, Asahi Logist provides logistics services, and Orange Town operates a real estate rental business. Logistics operations are outsourced to Asahi Logist.

Asahi Pen is advancing its growth strategy to realize a sustainable society and enriched living standards. The company aims to create sustainable business value and shareholder value through aggressive investment in growth businesses and pursuit of new ventures. In particular, the company is focusing on developing new sales channels, improving business processes, and enhancing productivity.

Asahi Pen has established a medium-term management plan targeting group sales of 25 billion yen by March 2031. To achieve this goal, the company is prioritizing improved profitability, expansion of new businesses, and strengthening and streamlining group operations. Specifically, the company is reinforcing its e-commerce business and accelerating product development to strengthen sales capabilities and product development capabilities.

Additionally, Asahi Pen is working to strengthen its corporate foundation by establishing and rigorously implementing internal control systems. Following last year's compliance issues, the company has implemented recurrence prevention measures and is advancing internal control strengthening across the entire group. Through these efforts, the company aims to enhance corporate value and earn the trust of shareholders and customers.