Head Office1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTelephone: +81-877-56-1111URL http://www.okr-ind.co.jp

18.5.500

Okura Industrial Co., Ltd.

Okura Industrial Co., Ltd.Putting our sincerity into packaging, protecting people’s well-being of others, and promoting technological progress

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Our Corporate Values: The Three s

Corporate Philosophy

Corporate growth is driven by increasing sales and

profits, but a rewarding work environment and sat-

isfaction among employees is also a vital aspect.

Moreover, if that growth is to be sustained, each

employee must improve his or her skills so that the

workforce becomes increasingly competent over

time. One of the objectives behind the founding of

Okura Industrial was the protection of employees’

livelihoods and it is a tradition we carry on to this

day. Indeed, we take great pride in the fair and eq-

uitable compensation packages we offer our em-

ployees and our company culture of respect for in-

dividuals.

Here at Okura Industrial, all of our products and services are

steeped in our unique corporate values, which we call the

Three Ps. We bring pride and passion to our work, knowing

that the Three Ps will guide us to further success.

Respect for Each andEvery Worker

Here at Okura Industrial, we make it clear to our

employees that the world does not owe us a living

and that we benefit from the support of the com-

munity in all facets of our business. Consequently,

we constantly strive to be a force for good, to work

for the collective benefit, and to make a contribu-

tion to the community. For instance, at a very basic

level, we endeavor to create more jobs, to pay our

fair share of taxes, and to use eco-friendly produc-

tion processes to make products that are gentle on

the natural environment.

Contributing tothe Community

For us, as for all businesses, the biggest challenge

lies in convincing clients to choose our products

and services over others’. Okura Industrial’s ap-

proach is to try and offer products and services

that accurately address clients’ needs and wants.

We invest all our resources into offering our clients

optimal packaging solutions, protecting what’s im-

portant to them, and helping their technologies

and systems to achieve progress.

The Customer Comes First

Since our founding in 1947, we have expanded from creating products

such as polyolefin films and wooden housing materials, to fundamental

technology like optical films for liquid crystal displays. Now, we provide

customers with original products across various fields and industries,

and order-made products upon request.

We aim to be a corporate group trusted by society and to have the

technological superiority necessary to provide solutions in growth fields.

We will further advance the fundamental technologies we have

cultivated in order to improve our profit base and to provide customers

with useful products and services as we move toward the 80th and then

the 100th anniversaries of our founding.

We appreciate your continued understanding and support.

Have technological superiorityAnd be trusted by society

Susumu Kanda, President

Okura Industrial is a manufacturer. Since the company’s inception in 1947,

our business has expanded from housing manufacturing to incorporate a

broad range of products to meet the needs of the times, including plastic

film, wooden construction materials, and more recently, materials for elec-

tronic devices. We at Okura Industrial continue our dynamic rise from a

small company on the Shikoku island into an innovative, consistently-grow-

ing industry leader. This section is an overview of the strengths that Okura

Industrial offers.

Here at Okura Industrial, our core competencies are pro-

cessing technologies and performance materials. We

use processing technologies to add new value to materi-

als and turn them into high performance materials that

we can release on the market. Indeed, these high-value

“Ps” complement the Three Ps of our corporate philoso-

phy.

All of us at Okura Industrial aim to have a force for good. We strive to

achieve this through the Three Ps: package, protect, and progress. Specifi-

cally, we hope to achieve that goal through packaging products that pro-

vide a dash of color to people’s lifestyles; through products that are consid-

erate of the environment and help protect the earth’s natural beauty, and

innovation in performance materials that help spark further progress in

state-of-the-art technologies. Not only are the Three Ps a succinct descrip-

tion of our business activities, they are also an indication of the ways in

which we seek to make life more comfortable for the people of the world.

They are values that we are proud to present to society.

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What Can We Offer? A Force for Good

Processing technologies

Performance materials

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Our packaging technologies protect and enhance your lifestyle.

Giving is a virtue that deserves to be packaged in the best possible way.A simple smile is sure to enrich your day.Here at Okura Industrial, we offer a range of products designed to package your dreams and enhance your lifestyle.

Our products are an integral part of many things we take for grant-ed in all areas of daily life. For instance, we produce everything from the film used to make supermarket shopping bags to the con-struction materials used to build houses.Plastic film■ More advanced, more convenient packagingFood packaging is surprisingly complex. It may look like plain clear film, but it takes years of development with the latest cut-ting-edge technology and constant improvements at a scale not vis-ible to the naked eye to create a film able to help protect the safety and integrity of our diverse modern culinary culture. There are a range of films available to meet different needs; not only must the film keep the food hygienically clean, sometimes it must protect the food in humid environments and help prevent deterioration of the contents, too.Urethane film■ Providing flexibility of design in wrappingUrethane film is a rubber-like material whose properties make it a vital component in products with complex designs that require a

high degree of stability. These include car headrests and armrests. Urethane film has enabled manufacturers to explore more ergo-nomic designs, greater functionality, and novel forms in their prod-ucts.

●The move away from rampant mass production to smaller lots of a broader variety of products caused us to revise our thinking. Now-adays, the build-it-and-they’ll-buy-it approach is obsolete, and we bring a more needs-based perspective to our manufacturing busi-ness. Here at Okura Industrial, our products are created after pains-taking research into how best to package consumers’ dreams and enhance their lifestyles.

We believe that our film does not just package food to keep it fresh; it also packages people’s happiness, and radical thinking has resulted in new applications for film, which is now used in the construction materials that keep your home healthy and comfortable. At Okura Industrial, our contribution to your comfortable lifestyle is made behind the scenes, but we are no less proud of it.

Lifestyles and environments are worth protecting. Trust Okura Industrial when only the best will do.

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Ever since Okura Industrial was founded, We have aimed to protect the important things in people’s lives. We strive to make sturdy and reliable products.

The 21st century is said to be the century of the environment. The industrial community is pursuing all sorts of initiatives to protect the environment and, by extension, people’s livelihoods. Environ-mental conservation is a major topic for us at Okura Industrial, too, and one we are ideally positioned to pursue in light of our wealth of experience and expertise in protection-oriented manufacturing.Biomass Plastics■ Innovative plastics help protect the environmentOur packaging products are made primarily out of polyolefin, an environmentally friendly material that contains no harmful sub-stances. However, as the range of applications of polyolefin grows, there has been increasing demand for it to become even more adaptable to environmental requirements. Then, we invented the products that can reduce the amount of CO2 emission* in inciner-ating, by adding biomass plastics.*From the perspective of carbon neutral, we deduct the amount of CO2 emission in incin-erating.

Flameproof decorative panels■ Ground-breaking construction materials help protect people and the environment

Construction materials are not only part of your home’s basic struc-ture, but they also serve to protect people's lifestyles. For example, our "Image Slim" flameproof decorative panels are designed as an alternative to conventional tiles in kitchens. They are highly in-combustible and make it easy to maintain a hygienic indoor envi-ronment. In addition, their ease of installation makes them ideal for both new homes and remodeling projects.

●Today the true value of any product is determined by factors such as environmental consideration and protection of life and liveli-hood. Here at Okura Industrial, we believe that the natural human instinct to protect is an essential part of our business.

Products that help protect the environment backed by outstanding technological prowess. Okura Industrial makes construction materials that offer builders a range of new ideas to help protect people’s lives and livelihoods. The company believes that if manufacturing is the industry of protecting and nurturing human life, then surely environmental conservation is an integral part of manufacturing.

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Through the creation of innovative products we are driving progress.

Here at Okura Industrial, our core competence lies in the field of processing technology. We see ourselves as the youth of industry, sparking hopes and aspirations through advances in technology and distribution.

There was a time when advanced technology was associated only with exotic fields like supercomputers or rocket science. Nowa-days, though, it is an integral part of our everyday lives; mobile phones, computers, biotechnology, and healthcare fields all make routine use of advanced technologies. At Okura Industrial, supply-ing materials for these advanced fields is an increasingly major part of our core business activities, and our development of new mate-rials and processing technologies is leading to further advances.Optical film■ Interfacing with networksMobile phones and the Internet are rapidly becoming the main form of contemporary communication, and the interface between the hardware and the people who use it is provided by an increas-ingly large array of display devices. This is where our advanced processing technologies for manipulating polarizing film and phase contrast film come into their own.Seamless belts■ The muscle inside peripheral devicesToday, virtually all documents are produced using computer print-

ers. The key to the precision of those printers is seamless belts. Here at Okura Industrial, our seamless belts play an important role in developing printers that deliver better-quality images faster.Liquid packs■ Environmentally Friendly Liquid Distribution ContainerIn the field of liquid distribution, liquid packs respond to the grow-ing customer need for environmentally friendly products that min-imize energy and resources used, while being easily disposable. Liquid packs, of the bag-in-box film type, are flexible and suitable for various kinds of packaging and contents, and boast excellent usability due to their continuous automated filling function. Fur-thermore, they have been receiving a lot attention as products which are highly efficient in terms of transportation and storage.

●In an age of never-ending technical innovation, constant research and study are absolutely vital to stay ahead of the pack. We at Okura Industrial do not find this daunting; in fact, we relish the challenge because we know that the only road to success is paved with our own efforts—not others’ coattails.

Printers that can handle the rigors of non-stop operation; crisp, clear images on an LCD display panel; and the ground-breaking ideas behind new and innovative distribution systems—all these state-of-the-art technologies are driven by the power of dreams and flexible thinking. Tomorrow will surely bring further innovation.

Film Forming Pressing

Laminating

PrintingCoating

Stretching ElementalTechnologies

Additional function

Target Segments

Heat ReleaseHeat Resistance

ConductivityInsulation

TransparencyReflection

Life Science

Environment and Energy

Information and Electronics

Research & Development Center

Accumulating highly original technologies is a source of strength for a manufacturer such as Okura Industrial. We established the Research & Development Center to develop high-performance materials and elemental technologies to help differentiate Okura Industrial from our competitors. The center is engaged in a broad range of research and development projects—not just with other divisions of the company but also involving partner-ships with industry, academia, and government—to mix new and existing elemental technologies so as to create products that meet the needs of the times, such as next-generation plastic films.

At Okura Industrial, everything we have striven for and achieved so far is encapsulated in the Three Ps: Package, Protect, and Progress. Here at the Research & Development Center, we strive to nurture a new “P” for the future: pride in our company as a world-leading manufacturer.

Developing next-generation business opportunities

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We at Okura Industrial constantly enhance our elemental technologies that are appreciated by customers.What is more, we incorporate those elemental technologies into our own processing automation, which invariably leads to the creation of new ele-mental technologies, thus acquiring a virtuous cycle of innovation.

We formulate materials, design the structures of layers and processes that meet required performance by using film-forming technologies such as the inflation method and casting method.Film FormingFilm Forming

StretchingStretching

CoatingCoating

PrintingPrinting

LaminatingLaminating

PressingPressing

We design processes that meet required performance by using stretching technologies such as biaxial stretching and tubular stretching.

We design processes that meet required performance by using various kinds of coating technologies that match characteristics of coating materials.

We design films that meet required performance by using printing technology and plate-making technology such as gravure printing and flexo printing.

We design films that meet required performance by using laminating technologies such as heating lamination, dry lamination and extrusion lamination.

Evolving our elemental technologies and acquiring new elemental technologies

We design particleboards that meet required performance by using continuous technology.

With a range of products covering many fields, our ability to wrap all sorts of items is one of our technological strengths.

Shrink wrap packaging Base film for protection adhesive tape

Readymade Products, OK bags

OK Tainer bag-in-box Packing Sample using Laminated films

Division Overview

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PlasticFilm

Division

The Plastic Film Division produces the plastic wrapping film that has become an indispensable part of our lives. Products range from general plastic film used for food packaging to in-dustrial materials made using the latest sophisticated tech-nology, and all play a significant role in many aspects of daily life. The division also develops an extensive array of products that employ advanced technology to reduce environmental impact. We at Okura Industrial are determined to maintain our posi-tion as a leading manufacturer in the industry by creating products that are genuinely useful to society.

We produce film products and base films for electronics, energy, housing, medical, and various other fields. We provide optimum solutions through our original plastic-blend know-how and ad-vanced film-making technology, with thorough quality control. We evolve and develop with you.

Industrial materials

Lamination is a process whereby layers made of materials like nylon, polyester, and polyethylene are combined to create a functional composite film that retains the properties of all of the layers. Laminated films are versatile, and are used for a range of applications such as packaging for frozen food and as protective coverings for integrated circuit substrates. Uses range from the everyday to high-tech applications in the electronics field.

Laminated products

Okura Industrial’s polyethylene films are used in a broad variety of fields. They are used not only for all kinds of ready-made products such as standardized bags, garbage bags, and pack-aging/packing materials, but also in the food, sanitary material, tissue, daily necessity, industrial material, pharmaceutical, de-tergent, cosmetic, and printing/publishing fields. We package and protect customers’ valuable goods, delivering safety and peace of mind.

General packaging material products

Our shrink film can wrap your products more safely and beauti-fully while keeping their original design and shape. We are making efforts to provide services that every customer will be satisfied with, by providing films with original functions fit for pur-pose and making proposals concerning further processing, such as printing, or about packing systems.

Shrink film

The term "liquid pack" is the generic name for the packaging of liquids, and can be divided into two main categories: bag-in-box, in which the plastic layer is inside a cardboard box; and bag-in-drum, in which the plastic layer is inside a metal drum. Liquid packs are revolutionizing the distribution business by bringing new efficiency to the transportation of all sorts of liquids, includ-ing soy sauce, foodstuffs, and chemicals.

Liquid packs

We manufacture functional film for farming applications, and our products are widely used by farmers throughout Japan. We offer a variety of functional agricultural films, including heat-retaining, suppressing a rise in ground temperature, rejecting insects, anti-bacterial and biodegradation in order to reduce labor require-ments and increase crop yields.

Agricultural materials

Agricultural Mulching Film Kokage Mulch Deluxe

Car headrests and armrestsmade from urethane film

The New Materials Division has an absolute commitment to introduce new products to the world. Okura is continu-ing to improve and advance its technology gained from years of manufacturing films, and to produce higher per-forming and higher value-added products in the high-tech field for society. Our division will lead Okura as the front-runner and seek to cement our position in fields in which there are strong social needs for innovation and which rapid future growth is anticipated, including materials for electronic devices, the automotive industry, and health-care and social welfare.

Our mission is to encourage the never-ending quest for technological evolution.

LCD and OLED panels are used in every scene of our life, such as TV, smart phones, tablet PCs and car navigation systems, etc.We offer optical films such as polarizing films and phase contrast films that are essential components of these panels, and Acrylic HC films for touch panels, thus we are contributing to further evolution for improving communication tools to connect human with society and innovation of electronic technology.

Optical film

Urethane film combines elasticity, tremendous mechanical strength and high moisture permeability. It is used in automotive interior components such as headrests and armrests, and fea-tures extensively in healthcare products and the field of medi-cine. Urethane film is continuing to provide safety, reassurance and comfort to people.

Urethane film

Seamless belts are used in the toner transfer and paper feed mechanisms of photocopiers and printers. With their high level of dimensional accuracy and stable electrical resistance control ca-pabilities, our seamless belts are highly regarded by our custom-ers as an essential component of color printers for high image quality and speed-up.

Seamless belts

Here at Okura, our wealth of monomer and polymer technology has resulted in a range of acrylic adhesives that are environmen-tally-considerate, solvent-free, and have greatly reduced odor. We offer two-component, anaerobic, and UV cure adhesives that are popular in a variety of industries such as motor electronics building materials and welding replacements etc.

Solvent-free acrylic adhesives

Acrylic hard coat film

Solvent-free acrylic adhesives

Transfer belts and plastic-coated multi-function rollers for printers

Use of urethane film (examples)Urethane film for medical dressings (Top)

Transfer sheet (Middle)Emblem (Bottom)

Polarizing film for display

Phase contrast film for display

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Division Overview

NewMaterialsDivision

Our housing materials help provide a comfortable livingenvironment by protecting against water, vapor, dirt, and impact.

Okura Industrial decorative panels are widely used in applica-tions including interior and exterior surfaces, closets and storage areas, and to make furniture and fittings. They incorporate new cosmetic technologies and do not contain substances known to cause sick building syndrome. We offer a variety of decorative panels, including some which have been treated for special func-tions such as dirt-resistance. Image Slim, nonflammable interior materials for kitchen and bathroom areas, are designed to resist soiling and be cleaned with a minimum of effort. We also manu-facture Lumix wooden wall surface panels for bathroom areas. Both products are widely used in new buildings, renovation, and shop interiors.

Decorative panels

Okuraboard, manufactured using the latest factory automation technology and subject to comprehensive safety and quality con-trols, is highly regarded in many industrial fields. Okuraboard also makes a contribution to environmental protection, re-source saving and energy saving as a new “board” using re-processed wood resources including waste material. Addi-tionally Okuraboard is designated as a “designated procure-ment item” under the Law Concerning the Promotion of Pro-curement of Eco-friendly Goods and Services by the State and Other Entities.

Particleboard

At Okura Industrial, our high-quality housing materials and parts are the product of a heady combination of wood material tech-nology, design, and functionality, along with our extensive exper-tise in plastic production and processing technology, and careful consideration of the environment, health, and safety. We now offer free-cutting shelf board and protective sheeting for floor panels “Quick Coat” on the market. We also design and propose appropriate products for all aspects of the modern lifestyle.

Housing materials

The Housing Materials Division offers a variety of materials used to make many of the everyday products we see in all areas of daily life, such as homes and furniture. Using deco-rative and processing techniques developed over many years complemented by cutting-edge technologies, we at Okura In-dustrial help to provide more comfortable and convenient living environments for the elderly, children, and everyone in between. We also help provide safe and reliable business en-vironments.

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Image Slim wall panels forkitchen and bathroom areas

Lumix wall panels for sanitary spaces

Flooring material made of high-strength wooden particleboards

Shelf board for closetadjustable shelf board

Quick Coat adhesiveprotective sheeting for floors

Division Overview

HousingMaterialsDivision

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Setting our sights on further successThe History of Okura Industrial

Planting the seeds and putting down roots in the aftermath of war

Relishing the challenge: A new age of expansion and

growth

Diversification in a time of economic turmoil

Okura Industrial was formed by employees of the Kurashiki Aircraft Takamatsu Works, which was completely destroyed in air raids during World War II. They rallied around Masaji Matsuda, the company’s founder and the company was founded as a way for its em-ployees to earn a livelihood. The post-war period was a challenging time, but a major milestone was passed in July 1947 with the in-corporation of the Shikoku Housing Company —the forerunner of Okura Industrial. At the time, Japan had no economy to speak of, and getting the business off the ground was tough by any standard. It was one problem after an-other, but the hard work invested in establish-ing a presence in the lumber market created an energy that spurred the company onward to tackle further challenges. In 1955, the company entered the polyethylene business. While the polyethylene processing plant was being built, the company’s name was changed to better reflect its new direction. After much deliberation, Matsuda decided to take the "Kura" from the Kurashiki Spinning Company where he had worked for ten years and combine it with the "O" from the name of the president of that same company, Ohara, and thus the company became Okura Industrial Co., Ltd. Matsuda aspired to grow Okura Industrial to a scale far beyond that of the Kurashiki Spinning Company. The start of operations at the polyethylene film processing plant the following year signaled the dawn of a new age for Okura Industrial.

In 1959, another polyethylene processing plant was built, this time in Tokyo, and the company began to take its business to eastern Japan in earnest. More plants were soon built in Osaka and Fukuoka, establishing a production and sales network that extended across the nation. An era of expansion and growth at Okura In-dustrial had begun.In 1962, 15 years after the company's founding, Okura Industrial reached a major milestone when its shares were finally listed on an ex-change—the second section of the Osaka Secu-rities Exchange. That same year, the company further expanded its business to incorporate housing materials, manufacturing plasterboard and plywood for residential construction. Then, in 1964, the company began producing printed plywood. Okura Print, as it was called, was high in quality and low in price, and orders for it came in from all over the country, stretching the limits of Okura Industrial’s production ca-pacity. After climbing out of the recession of 1965, the worst in Japan's post-war history, Japan's econ-omy entered a period of unprecedented growth. Okura Industrial's two core operations―plastic film and housing materials―grew steadily and expanded aggressively into new fields as well,

including housing and cold storage warehous-ing. Establishing the new housing business was something of a revival for Okura Industrial, which had started out as a builder of house frames. Then-president Masaji Matsuda ex-plained his motivation for establishing the housing business anew: "In times of economic uncertainty, it is important that we actively expand into areas that have a good future." Meanwhile, the cold storage warehousing busi-ness was inaugurated at the site of the former Marugame Plant. This was located next to Marugame Port, which made it an equally ideal location for a plant or distribution center. The first of Marugame’s large refrigerated ware-houses was completed and operations began in February 1969.Another aspiration was realized in May 1970 when Okura Industrial shares were at last ele-vated to the first sections of the Osaka Securi-ties Exchange and Tokyo Stock Exchange, just over eight years after the initial listing on the second section in Osaka.

1970 saw Osaka host the Japan World Exposi-tion; it was also the year when Okura Industrial began work on a highly anticipated particle-board plant. Electronics manufacturers in par-ticular were impressed with the particleboard made here and enlisted Okura Industrial to de-velop material for high-quality stereo speakers. So began a new line of business for the compa-ny: developing products for end users rather than for secondary production use. In 1972, the company relocated its head office to Marugame City, and the Housing Division expanded into the condominium business. A plan to establish “business hotels” was also initiated around this time. Aiming to build com-fortable, functional, low-cost hotels for busi-ness travelers, Okura Hotel Co., Ltd. was estab-lished in January 1973. The company’s first hotel, the Okura Hotel Takamatsu, was opened six months later on July 24. Times, however, soon began to change: Japan's astronomical post-war economic growth peaked and the specter of inflation began to loom over Japan's economy. US President Richard Nixon decoupled the dollar from the

gold standard in 1971, which led to the realign-ment of the yen; Prime Minister Kakuei Tanaka introduced a policy of restructuring throughout the Japanese archipelago; and the oil shock of 1973 had major repercussions. Japan was in turmoil in the mid-1970s, and Okura Industrial decided at this time to respond with a policy of business diversification. Amid hardship following the first oil shock, the Housing Division began selling residential land in Villa Dannoura, a luxury housing develop-ment, in March 1976. The following year, how-ever, Japan's economy recorded its first nega-tive growth since the end of WWII; the econo-my was slowing down and times were tough for Okura Industrial, too.

Following the oil shocks of 1973 and 1979, Okura Industrial sought to cut the fat from its operations. Every department was subjected to streamlining measures as the company sought to reinforce its response to the economic slow-down. Computerization was at the core of this rationalization, and radical steps were taken to make the company’s plastic film and housing materials operations more competitive.Meanwhile, Yukiharu Kume was appointed president in January 1985, and Okura Industrial embarked on a new course.

Starting in 1985, Okura Industrial launched a period of great change as it sought to pave the way to the new century by instituting new sys-tems. One major part of the rebuilding was the establishment of the New Materials Division and Hotel Division in April 1987. Current exec-utive adviser Masayuki Konoike was instru-mental in setting up the New Materials Divi-sion, and was determined that the new opera-tion should open a new field of growth for the company. The division now manufactures films that boast tremendous optical functionality, as well as a huge variety of other products used in imaging. History has shown that the company’s foray into the field of computer devices was very well timed indeed. The Hotel Division, meanwhile, was formed to manage the company’s existing hotel, the Okura Hotel Takamatsu, as well as the Okura Hotel Marugame, which was being built to co-incide with the opening of the Seto Ohashi Bridge linking the island of Shikoku (where Okura Industrial is located) to Honshu, the Jap-anese mainland.

The Okura Hotel Marugame eventually opened in March 1988 as one of Shikoku's largest "city and resort" hotels.In the meantime, Okura Industrial was busy de-veloping and commercializing new plastics and housing materials.

In the run-up to the 21st century, Okura Indus-trial sought aggressively to step up its product development, manufacture, and sales̶work-ing internally, in partnerships, within Japan, and around the world. A special planning com-mittee was established to create a mid-to-long-term business plan that would enable Okura In-dustrial to flourish in the decades to come. The resulting plan was called Vision 21, and set forth targets for the entire company, focusing on 2005, a span of eight years. The company rallied around the new vision of a concerted, unified effort to top the global competition.In July 1997, Okura Industrial celebrated 50 years in business.Haruya Ishiguro had taken over the presidency four months earlier in March, and brought with him a basic policy for achieving the goals of Vision 21: "For a company to fulfill its true po-tential, employees must take the initiative and be ready to overcome challenges. Let us all work together to achieve our shared goals, and let each employee do his or her best in a posi-tion that best suits his or her individual strengths and abilities."

Masayuki Konoike was appointed president of Okura Industrial in January 2003. Assuming office in an era of unprecedented environmental change, he gave much thought to the future di-rection of the company. He was determined that the Okura Industrial workforce should never lose sight of the principles by which the compa-ny was founded: protecting the livelihoods of our employees and their families and helping those who had lost homes as a result of the war. Konoike believed it was vital that we adapt to the changing times without compromising the intrepid ethos of Masaji Matsuda, the company’s founder. In following those princi-ples, our challenge is to identify what needs to be done and how we should go about it. Poised on the brink of our second 50 years in business, we set a new course of concerted effort by all employees to cement our position as a high-tech manufacturer and achieve our overriding goal under Vision 21, i.e., topping the global competition.January 2010 saw the appointment as president of Kazunori Takahama, who collaborated close-ly with Masayuki Konoike to establish the New Materials Division and oversee its development into one of the company’s core business divi-sions. With Kazunori Takahama at the helm, Okura Industrial kept challenging further advanced technological f ields using the elemental technologies we had developed and began structural reforms of the core businesses that we had pursued over the 70 years since our founding. “A corporate group equipped with advanced technologies”—this is our aspiration toward the next era for the Okura Industrial Group.

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Okura Industrial grew out of the ashes of World War II. Today, 70 years later, we are well on the way to achieving our ideal of being “a corporate group equipped with advanced technologies.”

A time for streamlining and new endeavors

50 years on and poised to top the global competition

Here’s to 50 more years of technological superiority

Rebuilding for a new century

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Business Locations

1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTel: +81-877-56-1111

1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTel: +81-877-56-1120

Corporate Center

Plastic Film Division

Research & Development Center

New Materials Division A Block, C Block, D Block, E Block, F Block1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTel: +81-877-56-1130B Block52 Horai-cho, Marugame, Kagawa 763-0062 Japan Tel: +81-877-24-2156G Block773-6 Sabumi, Manno-cho, Nakatado-gun, Kagawa 769-0301 Japan Tel: +81-877-58-8670

New Materials Division

Housing Materials DivisionHousing Materials Division1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTel: +81-877-56-1258Tokyo Branch Office3-13-2 Higashiikebukuro, Toshima-ku, Tokyo 170-0013 JapanTel: +81-3-6912-5786Nagoya Branch Office1-36 Namiuchi, Kita-ku, Nagoya, Aichi 462-0041 JapanTel: +81-52-917-1851Osaka Branch Office1-3-10 Nishihonmachi, Nishi-ku, Osaka 550-0005 JapanTel: +81-6-6539-1120Chugoku-Shikoku Sales Office1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTel: +81-877-56-1196Kyushu Branch Office1694-6 Yamamoto, Ueki-cho, Kita-ku, Kumamoto 861-0101 JapanTel: +81-96-272-5764

Takuma Plant2102-4 Takuma, Mitoyo, Kagawa 769-1101 JapanTel: +81-875-83-2511

Plastic Film Division1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTel: +81-877-56-1150Product Development Department1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTel: +81-877-56-1124Saitama Sales Office58 Kashiwazaki, Higashimatsuyama, Saitama 355-0034 JapanTel: +81-493-26-0635Tokyo Branch Office3-13-2 Higashiikebukuro, Toshima-ku, Tokyo 170-0013 JapanTel: +81-3-6912-5041Nagoya Branch Office1-36 Namiuchi, Kita-ku, Nagoya, Aichi 462-0041 JapanTel: +81-52-913-5191Osaka Branch Office1-3-10 Nishihonmachi, Nishi-ku, Osaka 550-0005 JapanTel: +81-6-6532-3571Hiroshima Sales Office6-8-45 Shoko Center, Nishi-ku, Hiroshima 733-0833 JapanTel: +81-82-277-7611Shikoku Sales Office1515 Nakazu-cho, Marugame, Kagawa 763-8508 JapanTel: +81-877-56-1155Kyushu Branch Office1694-6 Yamamoto, Ueki-cho, Kita-ku, Kumamoto 861-0101 Japan Tel: +81-96-272-5755

Saitama Plant58 Kashiwazaki, Higashimatsuyama, Saitama 355-0034 JapanTel: +81-493-22-3735Higashimatsuyama Platemaking Plant58-6 Kashiwazaki, Higashimatsuyama, Saitama 355-0034 JapanTel: +81-493-23-9491Marugame No. 4 Plant52 Horai-cho, Marugame, Kagawa 763-0062 JapanTel: +81-877-24-1717Marugame No. 5 Plant23 Horai-cho, Marugame, Kagawa 763-0062 JapanTel: +81-877-25-5800Chunan Plant773-6 Sabumi, Manno, Nakatado-gun, Kagawa 769-0301 JapanTel: +81-877-75-6350

Group Companies

Kansai Okura Co., Ltd.Kanto Okura Co., Ltd.Kyushu Okura Co., Ltd.Okura Products Co., Ltd.Okura Hotel Co., Ltd.Okura Precut System Co., Ltd.Okura Information System Co., Ltd.Okura House Co., Ltd.Union Gravure Co., Ltd.Okura Pack Kagawa Co., Ltd.Kanto Co., Ltd.Wuxi Okura Packing Material Co., Ltd.Unicharm Packaging Material (Tianjin) Co., Ltd.Okura Sangyo Co., Ltd.O.L.S. Co., Ltd.Otomo Kasei Co., Ltd.Taiho Co., Ltd.Powerhome Kagawa Co., Ltd.

Corporate CenterResearch & Development CenterPlastic Film DivisionProduct Development DepartmentShikoku Sales OfficeNew Materials Division (A Block, C Block, D Block, E Block, F Block)Housing Materials DivisionChugoku-Shikoku Sales Office

Marugame No. 4 PlantMarugame No. 5 PlantNew Materials Division B Block

Takuma Plant

Chunan PlantNew Materials Division G Block

Saitama Sales OfficeSaitama PlantHigashimatsuyama Platemaking Plant

Tokyo Branch OfficeNagoya Branch Office

Osaka Branch Office

Hiroshima Sales Office

Kyushu Branch Office

Company name: Okura Industrial Co., Ltd.

Head Office: 1515 Nakazu-cho, Marugame, Kagawa 763-8508 Japan

Tel: +81-877-56-1111

President: Susumu Kanda

Established: July 11, 1947

Capital: 8.6 billion yen (as of December 31, 2017)

Consolidated annual sales: 90.8 billion yen (FY2017)

Consolidated ordinary income: 5.8 billion yen (FY2017)

No. of group employees: 2,027 (as of December 31, 2017)

Shikoku Housing Co., Ltd., a housing materials manufacturer, established in Takamatsu by employees of the former Kurashiki Aircraft Takamatsu Works.Shikoku Housing Co., Ltd. renamed Shikoku Industry Co., Ltd.Shikoku Industry Co., Ltd. renamed Okura Industrial Co., Ltd.Operations begin at polyethylene film processing plant in Minato-machi, Marugame.Company shares listed on the second section of the Osaka Securities Exchange.Plant established at company head office in Nakazu-cho, Marugame.Production of lauan plywood begins at Marugame No. 2 Plant in Showa-cho, Marugame.Operations begin at decorative plywood board plant (Marugame No. 3 Plant) in Nakazu-cho, Marugame.Operations begin at Saitama Plant in Kashiwazaki, Higashimatsuyama.Production of plywood begins at Takuma Plant in Takuma-cho, Mitoyo.Company shares listed on the first sections of the Tokyo Stock Exchange and Osaka Securities Exchange.Production of particleboard begins at the Takuma Plant.Head office relocated to Marugame, Kagawa.Operations begin at Marugame No. 4 Plant in Horai-cho, Marugame.New Materials Division and Hotel Division launched.Two new companies established: Okura Information System and Union Gravure.Operations begin at Marugame No. 5 Plant in Horai-cho, Marugame.New company established: Okura Pack Kagawa.Operations begin at Chunan Plant in Manno-cho, Nakatado-gun, Kagawa.Two hotels launched: Okura Hotel Marugame and Okura Hotel Takamatsu.Operations begin at C Block, New Materials Division in Nakazu-cho, Marugame.New company established: Okura House.New company established: Kyushu Okura.Operations begin at D Block, New Materials Division in Nakazu-cho, Marugame.Two new companies established: OK Products Okayama and Okura Products Kagawa.Corporate Center and Research & Development Center established.Two new companies established: Kansai Okura and Kanto Okura.New company established: Okura Precut System.Operations begin at G Block, New Materials Division in Manno-cho, Nakatado-gun, Kagawa.New company established: Okura Products.

1947 Jul.

1951 Nov.1955 Nov.1956 Jan. 1962 Jan. Apr. Dec.

1964 Jun.

1967 Oct.1968 Feb.1970 May

1971 Mar.1972 Sep.1977 May1987 Apr.1992 Jan.

1995 Jan.

1997 Jan.2000 Oct.2003 Apr.2004 Sep.2005 Aug.2006 Apr.

2007 Jan. Jul.2009 Jan.2014 Jan.

2016 Jul.

Company Outline History

Aerial photograph of Okura Industrial’s head office

Tokyo Branch OfficeSaitama Sales OfficeNagoya Branch OfficeOsaka Branch OfficeHiroshima Sales OfficeKyushu Branch OfficeShikoku Sales OfficeSaitama Plant Marugame No. 4 Plant Marugame No. 5 Plant Chunan Plant Higashimatsuyama Platemaking Plant

(as of May 1, 2018)Organization Chart

Tokyo Branch OfficeNagoya Branch OfficeOsaka Branch OfficeKyushu Branch OfficeChugoku-Shikoku Sales Office

Plastic FilmDivision

InternalAuditOffice

BusinessStrategy

Office

New MaterialsDivision

Housing MaterialsDivision

Research &Development

Center

PresidentBoard ofDirectors

Audit andSupervisoryCommittee

Corporate Center

Business Unit 3 (Electronic Materials Unit)Business Unit 2 (Optical Materials Unit)Business Unit 1 (Performance Materials Unit)Administration DepartmentPlanning DepartmentTechnological Support Department

Technology Development DepartmentMaterial Development DepartmentPlanning Department

Department of Environmental Safety & Quality AssuranceAccounting Department

Intellectual Property Department

General Affairs Department

Agricultural Materials Business UnitGeneral Packaging Materials Business Unit

Flexible Packaging Materials Business UnitIndustrial Functional Materials Business Unit

Interior Materials Group

Planning Group

Particleboard Group

Sales Department

Purchasing and Logistics Department

Takuma Plant

Profit and Loss Management TeamAdministration TeamDevelopment Team

Converting Section

Quality Assurance Group

Production Technology Group

International Sales Group

Production Management Group

Administration Group

Product Development Department

Purchasing and Procurement GroupProject Management Group

ICT Office

Product Planning Group