S T : Integrated Report 2022（13.1MB）

Integrated Report 2022

(Creating Corporate Value Report)

Refreshing the Air

About

Message

|

Our Value

|

Business

|

Sustainability

|

Governance

|

Financial and

|

Corporate

|

Integrated

01

S.T. CORPORATION

Creation

Activities

Activities

Non-financial Information

Information

Report 2022

Table of Contents and Compilation Policy

Table of Contents and Compilation Policy	Business Activities
		16 Activities of Domestic Business
About S.T. CORPORATION	18 Activities of Overseas and New Businesses
02	Management Philosophy and Vision
03	Forte of S.T.	Sustainability Activities
04 History of Value Creation	19	Environmental Activities
05	Situation of Each Business	20	Social Activities
06	Financial Highlights
07	Non-financial Highlights	Governance
		22	Efforts for Governance
Message	23	Efforts for Corporate Governance
08	President Message
10	Engagement of Stakeholders	Financial and Non-financial Information
		31	Financial Information
Our Value Creation	32	Non-financial Information
13	Creation of Value of S.T.
14	Value Creation Process	Corporate Information
15	Material Issues and Primary Measures	33	Location
		34 Corporate Profile, Group Companies,
			and the Entire Picture of Communication Tools

【CompilationPolicy】This report is aimed at conveying our activities for creating the value of S.T. to all stakeholders and deepening their understanding of S.T. Group. The subject period is the fiscal year ended March 2022 (Apr. 1, 2021 to Mar. 31, 2022). The fiscal years indicated in graphs and tables are those ending March unless otherwise specified.

The subject organizations are our company and S.T. (consolidated) unless otherwise specified. "S.T. Group" means the entire S.T. Group, "S.T. Group (in Japan)" means S.T. (non-consolidated) and domestic group companies, and "S.T. (non-consolidated)" means S.T. (non-consolidated).

The guidelines we referred to are the Value Reporting Foundation (VRF), "International Integrated Reporting Framework," and "Integrated Disclosure and Dialogue Guidance for Co-creation of Value" of the Ministry of Economy, Trade and Industry. This report was issued in December 2022.

【Forward-looking Statement】This report contains forward-lookingstatements regarding S.T. CORPO- RATION's future plans, strategies, and perfor- mance. Such forward-lookingstatements are based on information available as of the issuance of this report. Please note that the company's actual performance may differ greatly from forward-lookingstatements due to various factors.

【Market Scale and Share】INTAGE Inc.'s SRI+ (in value terms) for "deodorizers (for refrigera- tors)" during a 3-year period from 2019 to 2021, "mothproofing agents for food" during a 4-year period from 2018 to 2021, "disposable warmers, (excluding those for the eye parts)" during a year period from April 2021 to March 2022, other items during a period from January to December 2021, "deodorizers and air fresheners (excluding those for clothes and anti-virus ones)" and "mothproofing agents (excluding those for dolls)."

About

Message

|

Our Value

|

Business

|

Sustainability

|

Governance

|

Financial and

|

Corporate

|

Integrated

02

S.T. CORPORATION

Creation

Activities

Activities

Non-financial Information

Information

Report 2022

Management Philosophy and Vision

Refreshing the Air

Our corporate philosophy is "Sincerity."

The management philosophy of S.T. Group is to contribute to society by providing customers with the most reliable products.

We aim to become a company loved by customers and society around the world, by brightening and enlivening the life of everyone through air.

About

Message

|

Our Value

|

Business

|

Sustainability

|

Governance

|

Financial and

|

Corporate

|

Integrated

03

S.T. CORPORATION

Creation

Activities

Activities

Non-financial Information

Information

Report 2022

Forte of S.T.

Shoshu-Riki

No.1

Deodorizers and

Air Fresheners

(excluding those for clothes and removing viruses)

Domestic market share

27%

• Intage Inc. SRI + (in value terms) Period: Apr. 2021-Mar. 2022

Dashu-TanKome-Touban Mushuda

No.	No.	No.
1	Mothproofing1Agents	Mothproofing
1
Deodorizers	for Rice Storage	Agents
(for refrigerators)	Domestic market share	(excluding those for dolls)
Domestic market share	Domestic market share
82%
76%	44%
* Intage Inc. SRI + (in value terms)	* Intage Inc. SRI + (in value terms)	* Intage Inc. SRI + (in value terms)
Period: Apr. 2018-Mar. 2022	Period: Apr. 2017-Mar. 2022	Period: Apr. 2021-Mar. 2022

Drypet

No.1

Dehumidifiers

Domestic market share

33%

• Intage Inc. SRI + (in value terms) Period: Apr. 2021-Mar. 2022

We have many Unique Brands in Niche Markets.

About

Message

|

Our Value

|

Business

|

Sustainability

| Governance

|

Financial and

|

Corporate

|

Integrated

04

S.T. CORPORATION

Creation

Activities

Activities

Non-financial Information

Information

Report 2022

History of Value Creation

2011 (at the time of the Great East Japan Earthquake)

Released a home-use radiation meter to

Founded in 1946, and we started by manufacturing and selling mothproofing agents to solve

alleviate anxiety about radiation.

the problem of insects eating kimonos. Since then, we have grown by solving a variety of trouble

and discomforts in our lives with our unique air-care core technologies and delivering refreshing

Sales in the fiscal year ended March 2022

and soothing feeling to our customers.

1981 (the peak of the growth economy period)

45.5billion yen

solve the problem of mold caused

Released a dehumidifier to

by the airtightness of condominiums.

2013

Released functional Air Care products

that purify air with the power of the forest.

1971 (high economic growth period)

Released air fresheners to

1946 (post-war reconstruction period)

improve public health and

1999 (mature economy period)

add color to people's lives.

Released mothproofing

Released fragrances and

agents to prevent insect

deodorants to eliminate

bites on precious clothing.

worrisome odors.

19461970

Changes in management in line with the changes of the times

1998

2013

【From 1946: Founding period】 Solidifying the business foundation as a manufacturer

After the war, many women were saddened by their precious kimonos being eaten by insects. Seiichi Suzuki, one of the founders, saw this and established S.T. Chemical Industries Co., Ltd., the predecessor company, in 1946 and started manufacturing and selling mothproof- ing agents.

【From 1970: Growth period】 Management for creating new markets through aggressive investment

From around 1970, the Japanese economy accelerated its growth. Along with this, the living environment has changed significantly, and new lifestyle concerns and needs have emerged. In 1971, we entered the air freshener market, and in 1981, we created a new dehumidifier market. In addition, we actively invested in capturing strong demand, such as starting overseas expansion in Thailand, Taiwan, the Philippines, etc.

【From 1998: Mature period】 Strong and flexible management

Since 1990, the economy has stagnated as the domestic population growth has slowed. We implemented a management reform "narrow- ing down and concentration" to shift from the previous expansion policy to the pursuit of a strong and flexible structure. Our current major brands, such as Shoshu-Riki,Dashu-Tan, and Kome-Touban, were born around this time.

【From 2013: Turning point】 Management for exploration and deepening

In the 2010s, the times changed dramatically toward the green economy. In addition to providing high value-added products and services in response to changes in consumer values and lifestyles, we are promoting management that considers all stakeholders by reducing CO2 emissions and responding to resource depletion.