[Company analysis] Toppan Printing Co., Ltd. (凸版印刷)

「Toppan Printing Co., Ltd. (凸版印刷)」 is a world class comprehensive printing company. And it is one of the top two in Japan's domestic printing company(「Toppan Printing」,「Dai Nippon Printing(大日本印刷)」). Their main businesses are publishing, printing, digital image processing, and manufacturing of LCD color filters. The number of consolidated employees is approximately 51,712.

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	Toppan Printing Co., Ltd.
Company name (Japanese)	凸版印刷
Date of establishment	1900
Headquarters location	〒101-0024 東京都千代田区神田和泉町1番地
Capital	104,986
Consolidated sales	1,464,755
Consolidated operating profit	45,743
Consolidated total assets	2,193,987
Consolidated capital	1,328,888
Capital adequacy ratio	60.6%
Consolidated number of employees	51,712

 

 

 

2. Summary and Features

 
「Toppan Printing」was established on January 17, 1900, and has been engaged in printing-related business since its establishment. Also, for a very long time, they have been in a competitive relationship with「Dai Nippon Printing Co., Ltd.,」. Traditionally,「Toppan printing」has advantages in sales, instead,「Dai Nippon Printin」has advantages in operating profit. However such the differences between the two companies has almost disappeared now and we can say that they are almost equal in scale.

Based on printing technology,「Toppan Printing」is currently expanding its business into the three fields: "information and communications business", "life and industry related business", and "electronics business". Among them, this company is specially focusing on digital image processing or related electronic parts business, in particular, they handle liquid crystal color filters used for color liquid crystals and photomasks used in semiconductor manufacturing. As for the color filters for liquid crystals, they got the top share in the world.

They have also been involved in the Internet-related business. By establishing「ONE COMPATH」together with「NTT (Nippon Telegraph and Telephone Corporation)」, they made the map information site「Mapion」as a operating company to them. In 2005, the content distribution service「bitway」, which is the basis of the E-Business Division, became the independent operating company to「Toppan Printing」. In addition, this company initiated the tourism related service business「TABIDO」based on their digital technology.

In fact, since 2000, the publishing and printing market itself has been shrinking, and sales became smaller than the past. However, as a result of diversifying the business in various media fields such as digital, their operating profit ratio itself was increased. Recently, performance of digital-related businesses such as e-books is in good condition. In September 2016, they even developed 32 inch "Flexible Color Digital Papaer", in order to boost digitalization of printing industry.

 

 

3. Major Business

 

■ Information and communication related business
Security fields (general passbooks, IC cards and various cards), marketing fields (advertisements such as catalogs, brochures, leaflets, and POP), content fields (weekly and monthly magazines, books, dictionaries, dictionaries, etc.) , Textbooks, e-books) products and services.

■ Life and industry related business
Not only in the field of packaging that handles packaging materials such as food and medical / pharmaceutical, but also in the fields of high-performance energy (transparent barrier film, secondary battery related materials, information recording materials), building materials (sheets, wallpaper, flooring, It also supports exterior materials.

■ Electronic business
They also handle display-related products (LCD color filters, LR films, AG films, etc.) and semiconductor-related products and services (device OEM manufacturers, lead frame etching applied products, photomasks, semiconductor packages, LSI contract design).

 

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidated sales		1,431,595	1,452,751	1,464,755
Consolidated operating profit		51,601	52,290	45,743
Consolidated total assets		1,998,909	2,147,932	2,193,987
Consolidated net assets		1,171,958	1,303,674	1,328,888
Breakdown of sales	Information and communication related business	883,705	856,329	863,975
	Life and industry related business	400,069	398,219	405,816
	Electronic business	147,819	198,202	194,963