The first celluloid manufacturing companies in Japan came into existence in 1908, when the Mitsui family provided the capital to establish Sakai Celluloid Co., Ltd. and Mitsubishi (the Iwasaki family), Iwai Shouten, and Suzuki Shouten provided the capital to establish Japan Celluloid Artificial Silk Co., Ltd. These companies were the forerunners of our Sakai Plant and Aboshi Plant. Later, a series of celluloid plants were established. During World War I, the celluloid industry became very active, but after that, global demand for celluloid fell due to the recession that arrived with the end of the war. As a result, sales competition became increasingly intense among celluloid manufacturing companies, and the industry itself nearly collapsed. As a result of the trend toward mergers among celluloid manufacturing companies to ensure the stable growth of the celluloid industry, eight celluloid manufacturers merged to create a major celluloid manufacturing company in 1919. Thus, our company was born amid the industry's first reorganization.