Chuo-Ku, Tokyo 104-8377 Japan
Sales: $1.58 billion (¥131,227 million) in printing ink and graphic arts supplies; consolidated results: $2.97 billion (¥245,732 million).
Major Products: Printing inks, newspaper inks, UV curing inks, gravure inks, graphic arts supplies, graphic arts equipment, can coating finishes, resins, adhesives, waxes, laminating adhesives, coating and painting materials, pigments, processed pigments, plastic colorants, media materials, natural products.
Key Personnel: Kunio Sakuma, chairman; Katsumi Kitagawa, president; Madoka Yasuike, director; Shigeki Matsuyama, senior managing director; Kazunori Kasahara, managing director.
Number of Employees: 7,155 (consolidated).
Comments: Toyo Ink SC Holdings Co., Ltd. enjoyed a very strong year in 2010, as sales grew 8.7% to ¥245,732 million ($2.97 billion). The company’s operating income also grew substantially, showing a 43.6% gain to ¥19,152 million. Surges in raw materials prices pressured income, leading Toyo Ink to implement supply chain management to improve procurement processes, and to build a flexible production system better able to respond to changes in demand.
On the ink side, packaging inks enjoyed 9% growth, while sales of publication inks essentially remained flat. In particular, Toyo Ink enjoyed excellent growth in UV inks and coatings throughout the year, and inkjet ink sales expanded, particularly in South Korea, although demand slowed in the second half of the fiscal year, which ended March 31, 2011.
In North America, demand for gravure inks for construction materials started to recover, and sales of flexographic inks expanded. China saw an improvement in demand as well as special demand from the Expo, while sales in inland areas also increased.
In Southeast Asia, demand also recovered, and sales rose in India. Demand for gravure inks for food packaging was strong in China and Southeast Asia, and sales of eco-friendly inks expanded in the same manner as in Japan. The company also expanded its operations in Latin America and the Asia-Pacific region.
“Toyo Ink boosted the use of new natural materials of our printing inks and related materials as well as developed and expanded sales of environmentally-friendly products,” said Yu Adachi, corporate communications for Toyo Ink SC Holdings Co., Ltd. “We also established a sales base in Brazil and expanded our production facilities in China, India and other emerging markets.”
On April 1, 2011, the Toyo Ink Group adopted a holding company structure for new corporate governance framework. Toyo Ink Mfg. Co., Ltd. transformed into a holding company called Toyo Ink SC Holdings Co., Ltd. Two core operating companies of Toyo Ink Co., Ltd. and Toyochem Co., Ltd were established.
Toyo Ink continues to emphasize its expertise in developing high-end inks. In 2010, Toyo Ink introduced a new high-sensitivity UV ink called the UVK-HS series. This new product was specially designed for the Komori H-UV System. When used with the Komori curing system, the Toyo K-HS series delivers quality prints at lower residual delivery temperatures, offering excellent cost and environmental benefits.
Toyo Ink’s new line of UV Power Sheen Coatings offer the printer a wide range of gloss from full to matte and a variety of end use properties from standard cover coatings to chemical resistance. These coatings are available for coater, screen, flexo and gravure applications with excellent flow leveling and cure response.
UV Power Flex Liqui Foil is a flexographic, UV-curable, high-sheen silver coating that is used to simulate foil applications on paper and film substrates. Liqui Foil prints much cleaner with more gloss than is obtainable with standard silver inks. This can eliminate the high cost and waste of laminating foil to substrates where the look of foil is needed and barrier properties are not required. Toyo Ink also debuted a new line of high-quality specialty adhesive inks formulated for inline UV foil systems and cold foil systems.