A New Player in Tax Stamps? TOPPAN Explores Tax Stamp Opportunities as Global Expansion Continues

Japan-based TOPPAN Holdings, known for its activities in printing, packaging, and optical security, is broadening its international presence through acquisitions, innovation, and new partnerships. Recent developments indicate that the company is positioning itself to engage more actively in tax stamp and excise management systems, including in Ethiopia, where it is already involved in secure document production.

Investment and expansion under mid-term plan

As part of its three-year plan running through March 2026, TOPPAN aims to invest JPY 100 billion (approximately $650 million) to strengthen its packaging, security, and advanced materials businesses. The company expects its overseas revenue to grow from 35% to 50% and has set a target of JPY 100 billion in annual operating profit by 2025.

Recent acquisitions support this strategy. The purchase of Sonoco’s Thermoformed & Flexibles Packaging (STFP) business expands TOPPAN portfolio in sustainable and high-performance packaging.

The acquisition of Irplast adds BOPP films used in secure labelling and fast-moving consumer goods (FMCG) applications. Additionally, the integration of Selinko enhances TOPPAN’s capabilities in connected packaging and digital authentication.