Tokyo, Japan
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Tokyo, Japan
2021 Sales: ¥ 162,440 million
Yet another legacy-building F&F company, Takasago’s century-long tenure in the industry has proven to be bountiful in terms of innovation.
The COVID-19 pandemic has amplified consumer demand for sustainable, natural products. Keenly monitoring the evolution of these consumer worries, Takasago has invested in the development of emotion technology driven by the rise in anxiety and stress in society over the past few years, as well as health-enhancing benefits. Biotechnology and green chemistry have also become pivotal in the company’s plans for growth in order to secure its foothold in the industry for another 100 years to come.
In terms of health-enhancing benefits, Takasago has homed in on masking off-notes and off-tastes of plant protein, filing a patent application for analysis technology for retronasal aromas. More details on that technology to come in the pages ahead.
These strides in research and innovation have not come easy with unprecedented global influences of supply chain unpredictability. These issues, which have affected the entire F&F industry, have spurred changes within Takasago’s corporate approach beginning from the creative process to crafting strategic goals that strongly promote global supply chain optimization.
Takasago president and CEO Satoshi Masumura speaks to how recent trends and obstacles inform the company’s latest launches and innovations in this year’s Leaders & Newsmakers issue.
Satoshi Masumura
President and CEO, Takasago
What was your company’s biggest business accomplishment in the last year?
Our company reached the milestone of the 100th anniversary of our founding and established Vision 2040 in April 2021, which embodies the ideal of our company and is also based on our corporate philosophy and new corporate mission. The Takasago Group has proclaimed the slogan, “Care for People, Respect the Environment” in Vision 2040.
FY 2021 was the first year of the New Global Plan-1, which is our mid-term management plan of the Takasago Group over three years. We implemented cross-sectoral and cross-organizational measures to resolve priority issues which we need to deal with, such as global management backbone and development of human resources to bridge between Japan and overseas, production system, research and development by promoting sustainability and advanced science.
In FY 2021, the novel coronavirus infection has continued to have substantial impact on society and people’s lives. While the Takasago Group was constrained in the aspect of business operation, we adopted hygienic measures for employees and maintained our global sales, research and production systems and were able to steadily fulfill our responsibilities for product supply to our customers. We consider this such an achievement that sales of flavor for savory products and fragrance for air care products continues to expand, as a result of our accurate response to meet product needs created from new a lifestyle under COVID-19, called “With Corona.”
For the full article, please check out the Perfumer & Flavorist+ July 2022 issue.
