Okayama Paper Industries CO., Ltd. is a company primarily engaged in the manufacture and sale of paper boards and decorative paper boards. The Company operates through two business segments. The Paper Boards segment is engaged in the manufacture and sale of inner base paper used for the manufacturing of cardboards, and base paper cores used for papers, clothes, cellophanes, tapes and threads, among others. The Decorative Paper Boards segment is involved in the manufacture and sale of packaging and gift boxes for fruits and vegetables, foods and electrical appliances, among others. As of May 31, 2014, the Company had one affiliated company.