FP Corporation

Basic Information

Stock Code
7947
Industry
Chemicals
Category Detail
Industrial Materials
Prefecture
Tokyo
Establishment Year
July 1962
Listing Year
November 1989
Official Website
https://www.fpco.jp/
TSE Information
TSE Information
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Other Companies
Dainic, Showa Pax, Kureha, San-Ei Kaken, Taisei Lamick Group, Fujiseal, Maruto Sangyo, Toin, JSP, Lintec, Shoei Corporation, Asahi Information

Overview

Founded in 1962, FP Corporation is Japan's leading manufacturer of simple food containers in the chemical industry, boasting approximately 30% domestic market share with strengths in recycled tray production.

Current Situation

FP Corporation achieved consolidated sales of approximately 186.3 billion yen and operating profit of approximately 15.5 billion yen in fiscal 2020, demonstrating strong competitiveness in the food container market. Its mainstay products are the manufacturing and sales of synthetic resin and paper pulp simple food containers, holding the top industry share of about 30%. The company actively promotes sustainability through the development of eco-trays and eco-APET products, and is advancing a recycling business utilizing post-consumer PET bottles. By establishing collection and recycling systems both domestically and internationally, it contributes to resource circulation. It also places emphasis on social responsibility with a disability employment rate exceeding 13%. In the medium to long term, it is strengthening its response to a decarbonized society, aiming to expand horizontal recycling technologies and the utilization of recycled resources. Additionally, it focuses on community contributions and the expansion of diverse sales channels, positioning environmental burden reduction and sustainable growth at the core of its future growth strategy.

Trivia

Interesting Facts

  • Holds overwhelming approximately 30% share in the food container market as the largest player.
  • Pioneer that commercialized the industry's first color tray in 1981.
  • Opened Japan's first food-use PET recycling plant in 2011.
  • Disability employment rate of 13.78%, top class in the industry.
  • 'Eco Tray' utilizing recycled raw materials from collected trays is trademarked.
  • Collaborates with local communities nationwide for post-consumer tray collection.
  • Founder Yasuhiro Komatsu pursued strongly community-oriented management in native Fukuyama.
  • Tokyo head office located on the 36th floor of Nishi-Shinjuku Okuta Tower.
  • Achieves integrated manufacturing, distribution, and sales through many subsidiaries.
  • Supports negative profit management philosophy balancing environment and economy.
  • High industry evaluation due to thorough environmental burden reduction technologies.
  • Also handles pharmaceutical packing materials beyond food packaging.
  • Ensures high transparency as a Tokyo Stock Exchange Prime listed company.
  • Featured on TV Tokyo's 'Cambria Palace' and others.
  • Frequently appears in news on recycling and eco topics.

Hidden Connections

  • Responds to domestic waste regulations through recycled waste plastic utilization, closely collaborating with regional waste disposal companies.
  • Close ties with logistics and sales industries through packaging material supply to major food supermarkets and convenience stores.
  • Builds strong networks with local governments and welfare organizations through promotion of disability employment.
  • Efforts toward environmental certifications link with ESG investors, gaining trust in funding.
  • Conducts joint research with material manufacturers and equipment makers linked to PET bottle recycling.
  • Expands transaction relationships with local small and medium distribution companies through region-specific logistics networks.
  • Technical collaborations with pharmaceutical and hygiene material manufacturers in food safety field.
  • Collaborates with domestic and international environmental NGOs and industry groups to promote sustainable resource circulation.

Future Outlook

Growth Drivers

  • Expansion of demand for eco-products due to strengthened food container environmental regulations
  • Growth and diversification of food distribution markets domestically and internationally
  • Formation of new materials market through dissemination of horizontal recycling technology
  • Rising societal demand for sustainable management
  • Differentiation through development of high-function, high-value-added products
  • Market expansion from rising health and food safety orientations
  • Enhanced social trust through strengthened regional collaborations
  • Production efficiency and quality improvements via digital technology adoption
  • New customer acquisition through accelerated international expansion
  • Technological innovations responding to decarbonization policies
  • Expansion of diverse sales channels
  • Enhanced corporate value through disability employment promotion

Strategic Goals

  • Maintain and expand domestic market share to over 35%
  • Achieve over 50% ratio of recycled trays
  • Full rollout of products corresponding to decarbonized society
  • Strengthen lineup of biodegradable containers
  • Continue disability employment rate over 15% and improve social evaluation
  • Maintain annual sales growth rate over 5% through new product development
  • Build green supply chains domestically and internationally
  • Optimize manufacturing processes using digital technology
  • Strengthen partnerships with regional communities
  • Align ESG evaluation metrics with international standards

Business Segments

Packaging Materials for Food Manufacturers

Overview
Provides a wide range of packaging materials for food manufacturing and processing, supporting production efficiency and product value enhancement.
Competitiveness
Superior product customization and environmental response capabilities
Customers
  • Major food manufacturers
  • Small and medium food manufacturers
  • Processed food manufacturers
  • Frozen food manufacturers
  • School meal providers
  • Restaurant chains
Products
  • Simple food containers
  • Film packaging materials
  • Recycled trays
  • Color trays
  • Heat-resistant trays
  • Antibacterial trays

Supermarkets and Retail Stores

Overview
Stably supplies store-use food packaging materials, supporting display and sales promotion.
Competitiveness
Nationwide distribution network and rapid delivery system
Customers
  • Supermarkets
  • Convenience stores
  • Drugstores
  • Specialty stores
  • Department stores
Products
  • Food trays
  • Disposable containers
  • Eco containers
  • Packaging materials

Food Distribution and Logistics Providers

Overview
Supplies packaging materials suitable for food transport to maintain quality.
Competitiveness
High-performance materials and application-specific design technology
Customers
  • Logistics companies
  • Refrigerated/frozen warehouses
  • Delivery companies
Products
  • Transport packaging materials
  • Durable trays
  • Protective films

Environmental Recycling Business

Overview
Builds a collection and recycling system for post-consumer plastic containers.
Competitiveness
Recycling technology compliant with food safety standards
Customers
  • Recycling companies
  • Waste disposal companies
  • Local governments
Products
  • Pellets for recycled trays
  • Recycled plastic products

Product Supply for Overseas Customers

Overview
Supplies high-quality food trays to overseas markets.
Competitiveness
Compliance with international quality standards and eco-friendly products
Customers
  • Overseas food manufacturers
  • Restaurant chains
  • Wholesalers
Products
  • Simple food containers
  • Special-purpose trays

Packaging Materials for Pharmaceuticals and Hygiene Products

Overview
Provides safe packaging materials for medical and hygiene fields.
Competitiveness
Advanced quality control and antibacterial technology
Customers
  • Pharmaceutical manufacturers
  • Hygiene product manufacturers
Products
  • Pharmaceutical packing materials
  • Antibacterial packaging materials

Materials for Food Service Industry

Overview
Offers user-friendly packaging materials tailored to food service industry needs.
Competitiveness
Products specialized to customer needs
Customers
  • Fast food
  • Restaurant chains
  • School meal services
Products
  • Takeout containers
  • Disposable trays
  • Food storage containers

Promotional and Event Packaging Materials

Overview
Develops special-spec containers for promotional campaigns.
Competitiveness
Design capabilities and short delivery times
Customers
  • Event planning companies
  • Promotion agencies
  • Retailers
Products
  • Custom packages
  • Limited design containers

Packaging Materials for Sports and Leisure

Overview
Supplies lightweight, environmentally friendly containers for events.
Competitiveness
Portability and environmental compatibility
Customers
  • Sports facilities
  • Leisure facilities
  • Food catering services
Products
  • Disposable containers
  • Lightweight trays

Materials for Educational and Welfare Facilities

Overview
Provides hygienic and reliable packaging materials for welfare and educational facilities.
Competitiveness
Social contributions and understanding of needs
Customers
  • School meals
  • Welfare facilities
  • Subsidiary special companies
Products
  • Food trays
  • Eco-friendly products

Packaging Materials for Online Retailers

Overview
Provides packaging and cushioning materials suitable for online shopping.
Competitiveness
Products that reduce shipping stress and are environmentally friendly
Customers
  • EC site operators
  • Online mail-order companies
Products
  • Cushioning trays
  • Eco-friendly packages

Materials for Local Governments and Public Institutions

Overview
Provides packaging materials to support local environmental initiatives.
Competitiveness
Product development tailored to public needs
Customers
  • Local governments
  • Public facilities
  • Environmental groups
Products
  • Recycling promotion materials
  • Containers for environmental awareness

Competitive Advantage

Strengths

  • Approximately 30% domestic share as the largest simple food tray maker
  • Possession of advanced recycling technology
  • Development capabilities for environmentally friendly products
  • Broad customer base and sales network
  • Strong social responsibility and promotion of disability employment
  • Long industry experience and brand trust
  • High compliance with food safety standards
  • Stable supply through multiple domestic production sites
  • Active commitment to environmental sustainability
  • Flexible product customization capabilities
  • Comprehensive packaging material proposal strength
  • Collaborations with key industry players domestically and internationally
  • Robust research and development organization
  • Enhanced internal quality control and audit systems
  • Community-based social contribution activities

Competitive Advantages

  • Maintains top-class market share in Japan's food container industry
  • Builds an integrated ecosystem from post-consumer product collection to recycled manufacturing
  • Developed industry's first color tray in 1981 for product differentiation
  • Superiority in environmental technology from Japan's first PET recycling plant for food use
  • High social evaluation with disability employment rate over 13%
  • Broad product lineup accommodates from major retailers to SMEs
  • Proactive compliance with various environmental certifications and standards enhances reliability
  • Strength in stable supply through regionally dispersed production sites
  • Product development responsive to customer eco-friendly needs
  • High transparency and governance as a Tokyo Stock Exchange Prime listed company
  • Strict compliance with food safety standards and hygiene management
  • Aggressive adoption of new technologies for flexible market response
  • Comprehensive nationwide distribution and sales network
  • Technological innovation utilizing in-house R&D facilities
  • Manufacturing processes balancing environmental burden reduction and production efficiency

Threats

  • Risk of profit compression from raw material price fluctuations
  • Intensifying price competition from domestic and international rivals
  • Pressure to revise products due to strengthened plastic product regulations
  • Increasing demand for material shifts amid rising environmental awareness
  • Rising response costs from changes in resource circulation systems
  • Potential market fragmentation from new entrants
  • Risk of production site impacts from natural disasters
  • Rising logistics costs and supply chain instability
  • Decline in market competitiveness from delayed technological innovation
  • Demand reduction from changes in consumer trends
  • Business operation complexity from legal and regulatory amendments
  • Risk of reputational damage from social trust loss or scandals

Innovations

2025: Expansion of Advanced Recycling Technology Introduction

Overview
Deploys horizontal recycling technology for post-consumer trays domestically and internationally to strengthen resource circulation.
Impact
Achieves improved recycled raw material usage ratio and waste reduction

2024: Expansion of Eco APET Production Facilities

Overview
Expands production capacity of Japan's first PET bottle recycling plant for food containers.
Impact
Improves eco-container supply capacity by 25%

2023: Antibacterial Tray Product Development

Overview
Introduces new antibacterial processed trays aimed at improving food safety.
Impact
Contributes to enhanced customer satisfaction in hygiene

2022: Expansion of Eco-Friendly Paper Pulp Trays

Overview
Strengthens lineup of biodegradable paper pulp trays to improve market competitiveness.
Impact
Expands sustainable product portfolio

2021: Promotion of Manufacturing Process Automation

Overview
Achieves cost reduction and quality stability through automation and efficiency of production lines.
Impact
15% increase in production capacity and reduced defect rate

2021: Customer Recycling Awareness Campaign

Overview
Launches activities to promote collection of post-consumer containers among customers.
Impact
Contributes to improved collection rates

Sustainability

  • Promotion of horizontal recycling for post-consumer food containers
  • Expansion of PET bottle recycled food containers
  • Maintenance and promotion of disability employment rate over 13%
  • Material development aimed at reducing product environmental impact
  • Initiatives toward zero-waste factories
  • CO2 emission reductions through decarbonization technology adoption
  • Building resource circulation society through regional collaboration
  • Promotion of renewable energy utilization
  • Active contributions to sustainable society building
  • Implementation of environmental education and awareness activities
  • Expansion of sustainable products
  • Strengthening reuse and recycling design in products