Mission Statement, Vision, & Core Values (2026) of Rengo Co., Ltd.

Founded in 1909, Rengo Co., Ltd. has grown into a packaging powerhouse operating under the distinctive Hexagon Management structure that spans six core businesses-paperboard, corrugated packaging, folding cartons, flexible packaging, heavy‑duty packaging and overseas operations-and in May 2025 launched its medium‑term vision, Vision120, coinciding with its 120th anniversary and committing the company to net sales of ¥1,200 billion and operating income of ¥70 billion by FY2030 while pursuing a target ROE of 8.5%; the mission emphasizes creating societal and environmental value through innovation and sustained R&D (including a ¥5 billion FY2024 R&D allocation), customer focus and sustainable practices, the vision calls for 5% annual revenue growth, a 20% carbon footprint reduction and ~15% energy efficiency improvement by 2024, a 90% customer satisfaction target and expansion into three new international markets expected to generate more than ¥10 billion, and the company's core values-integrity, innovation, customer centricity, sustainability and collaboration-drive strategic initiatives and daily operations to meet increasingly sophisticated global needs

Rengo Co., Ltd. (3941.T) - Intro

• Founded: 1909 (120+ years of operation)
• Core businesses (Hexagon Management):
  • Paperboard
  • Corrugated packaging
  • Folding cartons
  • Flexible packaging
  • Heavy-duty packaging
  • Overseas operations
• Medium-term vision launched: May 2025 - 'Vision120' (FY2026-FY2030)
• Vision120 slogan: 'Creating the Future Through Packaging'

• Strategic priorities under Vision120:
  • Long-term value creation and enhancement of corporate value through innovative packaging
  • Addressing materiality in ESG-related issues (resource recycling, carbon reduction, sustainable sourcing, social responsibility)
  • Evolving integrated systems across the Hexagon structure to meet increasingly sophisticated customer needs
  • Strengthening global management and overseas footprint

• Value drivers and measurable focus areas:
  • Revenue growth driven by product mix optimization across the six business domains and overseas expansion
  • Profitability uplift via operational efficiencies, supply-chain integration and higher-margin flexible packaging solutions
  • ESG outcomes: emissions intensity reductions, increased recycled-content use, and strengthened sustainability reporting tied to materiality assessments
  • Governance: enhanced global management systems and performance metrics aligned with Vision120 financial targets

Rengo Co., Ltd. (3941.T) - Overview

• Commitment to quality: deliver high-performance packaging that meets customer expectations and regulatory standards.
• Innovation focus: sustained investment in research & development to advance materials, functional design and automation.
• Environmental responsibility: reduce environmental footprint through resource efficiency, recycling and lower-carbon processes.
• Customer-centricity: build long-term relationships by providing integrated packaging solutions and after-sales support.
• Societal contribution: align business growth with community needs and global sustainability goals.

• Target areas: paperboard & corrugated technologies, barrier/functional coatings, molded fiber and packaging automation.
• R&D model: in-house laboratories, co-development with customers and partnerships with universities and technology suppliers.

• Resource management: initiatives to increase recycled fiber use, optimize water and energy consumption across plants.
• Emissions & energy: commitments to lower CO2 intensity per tonne of product and expand use of renewable energy where feasible.
• Product stewardship: design for recyclability, light-weighting and lifecycle impact reduction.

• Integrated solutions: packaging design, prototyping, mass production and logistics support to reduce customers' total cost and environmental impact.
• Sector coverage: food & beverage, industrial goods, consumer durables and e-commerce packaging.
• Geographic footprint: domestic leadership in Japan with selective international operations and partnerships to serve global customers.

• Board oversight: strategic decisions align mission, risk management and sustainability priorities.
• Stakeholder engagement: customers, suppliers, local communities and investors informed through reporting and dialogue.

Rengo Co., Ltd. (3941.T) - Mission Statement

• Deliver customer-centric packaging solutions that reduce environmental impact while maintaining cost competitiveness.
• Advance manufacturing and material science to enable circularity and lower lifecycle emissions.
• Foster partnerships across supply chains to scale sustainable practices and broaden market reach.
• Invest in people and technology to sustain profitable growth and resilience in cyclical markets.

• Accelerating eco-product portfolio growth: scaling recyclable and bio-based packaging to meet the +5% revenue target.
• Allocating ¥5 billion to R&D in FY2024 to integrate automation, AI-driven quality control, and advanced materials.
• Implementing energy-efficiency projects and process optimization to attain ~15% facility efficiency gains and a 20% carbon reduction.
• Expanding into three prioritized international markets with a plan to generate in excess of ¥10 billion in new revenue from these regions by end-2024.
• Strengthening customer experience programs and KPIs to secure a ≥90% CSAT score through improved service, lead times, and eco-solution offerings.

• Customer First - decisions driven by client needs and measurable satisfaction targets.
• Sustainability - commitment to measurable emissions and energy targets tied to product development.
• Innovation - sustained R&D investment (¥5 billion FY2024) to maintain technological leadership.
• Integrity & Collaboration - transparent reporting and cross-functional cooperation for global scaling.
• Operational Excellence - disciplined execution to hit 5% YoY revenue growth and new-market revenue thresholds.

Rengo Co., Ltd. (3941.T) Vision Statement

• Integrity: ethical governance, transparent reporting, and compliance across global operations.
• Innovation: continuous R&D investment to lead in recyclable materials, paper-based alternatives, and digital packaging solutions.
• Customer centricity: tailor-made solutions, total packaging systems, and lifecycle support to increase client retention and share-of-wallet.
• Sustainability: integration of climate targets, resource efficiency, and circular design into product development and manufacturing.
• Collaboration: cross-functional teams, joint ventures, and supplier partnerships to accelerate scale and time-to-market.

Strategic KPIs & Financial Context (Selected, FY2023)

How Core Values Translate into Measurable Actions

• Integrity - Quarterly governance disclosures, third-party audits, and enhanced ESG disclosures to improve transparency for investors and stakeholders.
• Innovation - R&D spend directed at recyclable functional coatings and digital printing: targeted R&D projects increased by double digits year-over-year.
• Customer centricity - Implementation of integrated packaging service contracts that increased average contract length and raised recurring revenue as % of sales.
• Sustainability - Mid-term targets include reducing CO2 intensity across operations and increasing recycled fiber usage; capital investments in energy efficiency and biomass boilers.
• Collaboration - Joint development agreements with retailers and FMCG customers to co-design packaging that reduces total system cost and returns packaging to circular streams.

Operational & Sustainability Metrics

Capital Allocation & Investment Priorities

• Maintain disciplined investments to support innovation and decarbonization while preserving dividend policy.
• Allocate capex toward capacity for recycled-material products, automation, and digital packaging capabilities.
• Selective M&A to access technology, regional scale, and circular-economy partners.