Daiseki subsidiary secures METI subsidy for JPY 9.9bn plastic recycling plant

Daiseki Eco. Solution, a subsidiary of Daiseki Co., has been selected for a Japanese government subsidy of about JPY 2.9bn under the METI-backed Large-Scale Growth Investment Subsidy programme to support a JPY 9.9bn plastic resource recycling project in Shizuoka City. The subsidy is conditional on a 10.4% rise in wage payments per employee on the project and will be recognised as extraordinary income in the fiscal year ending February 2030, with no effect on the group's earnings forecast to February 2027.

Why this mattersPublic subsidy support for plastic recycling capacity in Japan signals policy backing that could expand recycled feedstock supply for the region's packaging value chain.

• Daiseki Eco. Solution will invest about JPY 9.9bn in a Plastic Resource Recycling Project in Shizuoka City
• The project qualifies for a Japanese government subsidy of roughly JPY 2.9bn under the Large-Scale Growth Investment Subsidy programme
• The subsidy is tied to a targeted 10.4% increase in total wage payments per employee working on the project
• The subsidy will be booked as extraordinary income in the fiscal year ending February 2030
• Daiseki said the award has no impact on its previously announced earnings forecast for the year ending February 2027

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