FP : Report 2021

FP Corporation Report 2021

FP CORPORATION

FP Corporation's Hands-on Approach and Customer-first Concept in the Food Tray and Container Manufacturing and Sales Businesses

With the aim of continuing to produce truly useful products in line with people's needs and the values of society, FP Corporation has committed to act upon the principles of taking a hands-on approach and putting the customer first. By continuing to consider what is important and what is required where food trays and containers are used, sold, manufactured, stored, transported and delivered, we continue our persistent efforts to progress.

CONTENTS

Message from Top Management

Corporate Profile

The FP Corporation Value Chain

Procurement Marketing Product Development

Manufacturing Logistics Sales Recycling

ESG at FP Corporation

E(Environment) S(Society) G(Governance)

Facts about FP Corporation

FP Corporation's History

Social Evaluation

FP Corporation promotes the recycling of above-ground resources with your cooperation.

FP Corporation works together with consumers, supermarkets, and packaging material wholesalers to promote the recycling of above-ground resources. We work to ensure that our initiatives evolve, with the goal of playing a prominent role in the creation of a sustainable society and in the creation of a rich food cul- ture.

1	FP Corporation Report 2021	FP Corporation Report 2021	2

Message from Top Management	Corporate Profile	The FP Corporation Value Chain	ESG at FP Corporation

Morimasa Sato

President

While all of society is being pressured to respond to a new environment, we move forward bravely and aggressively.

Regardless of the circumstances, we will never stop pursuing our principles: creating superior, environmentally friendly products, providing them at competitive prices and delivering them to our clients when they need them.

Economic and industrial structures continue to change in response to the changes in people's lifestyles. I believe that in these circumstances it is even more important to continue moving forward by proactively responding to change, instead of being passive, guided by an unwavering corporate philosophy.

In FY2021 ended March 2021, we worked as always to deeply understand the social role we must fulfill and the value we must provide, while also responding surely to the demand for products that serve life during the COVID-19 pandemic and demand for takeout and delivered food.

I hope that this report will give you a clear picture of an FP Corporation that has continued to work in these tumultuous times.

3	FP Corporation Report 2021	FP Corporation Report 2021	4

Message from Top Management

Corporate Profile

Company Profile

The FP Corporation Value Chain

ESG at FP Corporation

Main Products Manufactured and Sold by FP Corporation

Name:

FP CORPORATION

Established: July 1962

Representative: Morimasa Sato, President

Capital:

13.15 billion yen

Number of employees: 944 (FP Corporation Group: 4,753)

Business outline:	Manufacturing and marketing of
	plastic food containers made of
	polystyrene and other compound
	resins; marketing of related
	packaging materials

Fukuyama Headquarters: 1-13-15Akebono-cho,Fukuyama-shi,

	Hiroshima-ken,721-8607 Japan
	Tel.: [phone]
	Fax: [phone]
Tokyo Headquarters:	Shinjuku Oak Tower 36F, 6-8-1 Nishi
	Shinjuku, Shinjuku-ku, Tokyo,
	163-6036 Japan

Fukuyama Headquarters	Tokyo Headquarters
(Fukuyama-shi, Hiroshima)	(Shinjuku-ku, Tokyo)

Our logo features the letters FP, which signify the first letters of the first two words in Fukuyama Pearl Paper Manufacturing Corporation, which was the name of our company when it was established.

General Purpose: Available in different sizes, colors and patterns for various applications

Eco Tray (recycled product)

Sushi: Delivering deliciousness to consumers without losing freshness

Fresh Fish: Boosting the attractive qualities of fresh seafood

Bento box: Available in different sizes, colors and patterns for various applications

Tel.: [phone]

Fax: [phone]

FP Corporation Group Companies

Meat: Hygienic and emphasizing the taste and color of meat	Deli: User-friendly with microwavable and other features

Manufacturing			Sales, Others
FPCO Hokkaido Co.	FPCO Tosu Co.		FP Trading Co., Ltd.
FPCO Yamagata, Ltd.	FPCO Ducks Co.		FP Chupa Corporation
FPCO Ibaraki Co.	FPCO Ai Pack Co.		FPCO Dia Foods Co., Ltd.
FPCO Yachiyo Co.	FPCO ALRight Co. Ltd.		FPCO International Package Co., Ltd.
FPCO Shimodate, Ltd.	FPCO Gravure Co., Ltd.		FPCO Ishida Co., Ltd.
FPCO Chikusei Co.	Nishinihon PET-Bottle Recycle Co., Ltd.		FPCO Ueda Co.
FPCO Toyama Co.			FPCO Miyako Himo Co., Ltd.
FPCO Chubu Co.	Logistics
FPCO Kasaoka Co.	FP Logistics Corporation
FPCO Fukuyama Co.	I-Logic Co., Ltd.
FPCO Kannabe, Ltd.	FPCO East Logi Co., Ltd.
FPCO Kyushu Co.	FPCO West Logi Co., Ltd.

Sites incorporating production plants, recycling plants, distribution centers, etc. (From left to right: Fukuyama, Chubu and Kanto)

Clear Containers: Freshness and deliciousness is visible through		Events: Ideal for joyful events where people gather
	transparent containers

Hinged lid containers: With additional functions for improving		Others: Paper containers, egg cartons, film products and more
	hygiene and convenience

5	FP Corporation Report 2021	FP Corporation Report 2021	6

Message from Top Management	Corporate Profile	The FP Corporation Value Chain	ESG at FP Corporation

The FP Corporation Value Chain

FP Corporation's circulation-based value creation,

in which business operations and ESG activities are advanced in an integrated manner

through circulation and connections

Procurement

Recycling

Sales

Recirculation of resources

Using FPCO Method Recycling, we reduce CO2 emissions from the manufacturing and sale of our products by approx. 30%. We recirculate resources through the recycling of used products leveraging the collaboration of the teams in our value chain.

Circulation of marketing information

Our marketing activities begin in supermarkets and on other sales floors where our products are used. The activities of our divisions, including our logistics, manufacturing, and product development teams, are shaped by our clear understanding of what is demanded on the sales floors.

FP Corporation's value chain, which enables our ESG activities, continues to create social value through the recirculation of resources and the circulation of marketing information.

Marketing

Kazuyuki Yasuda

Executive Vice President and

Director, Executive General

Manager of SCM Division,

Supervisor of Information and

Computer System Department

Logistics

Product Development

Manufacturing

At FP Corporation, we manufacture, sell, and recycle food containers, and we continue to create value in many ways through our operations. Our value chain created through organic connection of seven teams is the thing that enables this value creation.

There are two important initiatives being executed simultaneously through the value chain. One is the recirculation of resources, which has the goal of not wasting the valuable resources of the Earth. The other is the circulation of marketing information to increase the added value of our products.

7	FP Corporation Report 2021	FP Corporation Report 2021	8