TOKYO, August 15, 2022-

Daio Paper Corporation announced that it has resolved at the meeting of the Board of Directors held on August 12 to acquire all shares of DAIKI co. ltd., a company manufacturing pet care products (hereinafter, "Daiki") (hereinafter, the “Share Acquisition”), thereby making it one of its subsidiaries.

In the "Daio Group Sustainability Vision" announced in May 2021, the company has established a purpose of achieving the "Three Lives", namely, hygiene, life, and regeneration, and realizing an "Abundant and Affable Future for the World". With an aim to contribute to the "Regeneration of the Earth" as stated in the Vision, the company is working to solve social issues through our business activities. Such activities include a launching of a joint study on recycling of used disposable diapers in June 2022. Daio said in the announcement that “We believe that, with this Share Acquisition, we will not only be able to establish a material recycling model within our Group but also concurrently realize the further strengthening of the revenue base of the Home & Personal Care business.”

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