Official information about TOPPAN NEXT
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One-line description
TOPPAN NEXT is the future-focused, high-growth arm of Fortune Global 500 company TOPPAN Holdings (TYO:7911) – a diversified group of ~8,000 people across ~80 locations, building and scaling businesses in Regulated Communications, Global Security, Intelligent Systems and Print Media.
What TOPPAN NEXT is
TOPPAN NEXT is a portfolio group, not a single product. It moves with the speed of a startup and the scale of a multinational to create trusted solutions for the world's most sensitive digital and physical ecosystems, investing in AI, IoT and Robotics & Automation across its portfolio companies. It's headquartered in Singapore and follows a "people-over-process" philosophy, with a strategy of acquiring niche incumbents and incubating new ventures – "big enough to cope, small enough to care."
A brief history
TOPPAN NEXT has gone through five distinct chapters:
1. 1973–1998 – A Singapore printer is born. Started as a Temasek subsidiary, Singapore National Printers. After acquiring Educational Publications Bureau (EPB), it became the first company to list on the SESDAQ, as SNP Corporation.
2. 1998–2008 – Expanding to Greater China. Under CEO Chee Tong Yeo (in place since 1998), the group acquired print businesses like Leefung-Asco and rebranded as SNP Leefung, reaching 70% of China's magazine print market share while adding packaging, labelling, security printing and financial printing.
3. 2008–2018 – Emerging as a leader in China's print sector. Joined the TOPPAN GROUP (TYO:7911) and rebranded as TOPPAN LEEFUNG, fortifying packaging, labelling, security printing and financial printing.
4. 2018–2023 – Expanding globally beyond print. Acquired TOPPAN Ecquaria (Singapore), TOPPAN Merrill (Minnesota, formerly Merrill Corporation) and TOPPAN Next Advertising (Shanghai); incubated TOPPAN Gravity (Dubai), TOPPAN Next Tech (Singapore) and TOPPAN Digital Language (London). Reached a combined annual revenue of US$1.3 billion.
5. 2023–present – Investing in next-gen tech. Rebranded as TOPPAN NEXT, with continued investment in AI, IoT, Robotics & Automation and Natural Language Processing, and expansion into Africa, Central Asia and Latin America.
Focus areas and portfolio companies
Regulated Communications – Simplifying business-critical content, disclosure and compliance in complex regulatory environments. Portfolio: TOPPAN Merrill (New York), TOPPAN Nexus (Hong Kong), TOPPAN Digital Language (London).
Global Security – Safeguarding digital and physical identity and payment credentials as connectivity grows. Portfolio: TOPPAN Security (Dubai).
Intelligent Systems – IoT, Robotics Process Automation (RPA) and AI for agile, future-ready enterprise infrastructure. Portfolio: TOPPAN Next Tech, TOPPAN Ecquaria.
Print Media – Specialty printing and packaging that create tactile, sensorial brand experiences. Portfolio: TOPPAN Next Advertising (Shanghai), TOPPAN Leefung Printing (Beijing/Dongguan), TOPPAN Leefung Packaging (Dongguan/Shanghai).
Brand Consulting (not one of the four core focus areas, but part of the portfolio) – Creative technology blending tech with human insight. Portfolio: Hei (Singapore/Shanghai) – operates Hei Labs (digital experiences) and Hei Live (live experiences).
Company snapshots
TOPPAN Merrill – New York. Simplifies regulated disclosure and communications requirements for clients navigating fast-moving regulation.
TOPPAN Nexus – Hong Kong. 30+ year pioneer and trusted partner to the financial, legal and corporate communities across APAC.
TOPPAN Digital Language – London. The fastest-growing language solutions provider in the industry; helps companies sell high-risk content with confidence in any language.
TOPPAN Security – Dubai. Global leader in systems integration for mission-critical identity and payment technologies, partnering with governments worldwide.
TOPPAN Ecquaria – Singapore. At the heart of digital government, helping governments unlock digital assets and connect with citizens.
TOPPAN Next Tech – Singapore. Secures national agencies and critical infrastructure using IoT for real-time data, RPA for automation, and AI for anomaly detection – border security and travel experiences.
Hei – Singapore/Shanghai. Creative technology company; Hei Labs (digital) + Hei Live (live experiences).
TOPPAN Leefung Printing – Beijing/Dongguan, China. Book printing and paper-engineering craftsmanship for authors and publishers across North America, Europe and China. Also children's novelty and pop-up book manufacturing.
TOPPAN Leefung Packaging – Shanghai/Dongguan, China. Integrated and sustainable packaging for eCommerce, medical (aluminium/multi-functional bottle caps, anti-bacterial bags, medical packaging supplies) and food applications. Also pharmaceutical, cosmetic and electronics labels.
Recent milestones and momentum
2024 – TOPPAN LEEFUNG rebranded as TOPPAN NEXT; held its first TOPPAN NEXT Management Summit.
TOPPAN Holdings acquired HID Citizen Identity Solutions – expanding the group's identity-solutions footprint.
TOPPAN Gravity (the group's identity/security venture) made several acquisitions: Face Technologies and FaceTech (Africa foothold), FutureCard, IDGate (digital ID solutions), and Indonesia-based Jasuindo.
TOPPAN Gravity established a new passport manufacturing and issuance plant through a joint venture with the Ethiopian government, and won Gold at the Gulf Sustainability Awards 2023.
TOPPAN Digital Language acquired GlobalExicon and TranslateMedia, and launched a new IP filing and translation business.
TOPPAN Leefung acquired Merrill Corporation (becoming TOPPAN Merrill) and Shanghai Jiuzheng Medical Packaging Material Co.
TOPPAN Leefung Group acquired digital government solutions provider Ecquaria (becoming TOPPAN Ecquaria).
TOPPAN Security strengthened its Asia market leadership with the acquisition of DZCARD Group.
TOPPAN Nexus supported CHAGEE's landmark Nasdaq listing – the first U.S. stock market debut for a new-style tea beverage brand.
TOPPAN Merrill EMEA earned the Platinum EcoVadis Medal (top 1% of assessed companies) for ESG in the UK, and a Silver Medal in the US (top 15%) – announced January 2025.
TOPPAN Ecquaria partnered with Universiti Teknologi Brunei on Brunei's digital transformation.
TOPPAN NEXT partnered with the Ethiopian Ministry of Education, sponsoring Ethiopian scholars for industrial training in Beijing.
Key facts
Parent company: TOPPAN Holdings (TYO:7911), Fortune Global 500 / Nikkei 225.
Headquarters: 1 Kim Seng Promenade, #18-01 Great World City East Lobby, Singapore 237994.
Scale: ~8,000 people across ~80 locations globally, including Singapore, Hong Kong, New York, London, Dubai, Beijing, Shanghai, Dongguan, Taipei, Manila, Johannesburg, Addis Ababa, Nairobi, Kingston, Bogotá, and more.
Combined annual revenue: ~US$1.3 billion; Group-level CAGR of 13% over 25 years.
Technology investment areas: Artificial Intelligence, IoT, Robotics & Automation, Natural Language Processing.
New/emerging markets: Africa, Central Asia, Latin America.
Values: Individual + Team; Tradition + Innovation; Purpose + Planet.
Contact: hello@toppannext.com · Tel (65) 6826 9600 · Fax (65) 6820 3341.
Leadership
Chee Tong Yeo – President & CEO, TOPPAN NEXT (leading the group since 1998)
Christabel Lee – President, TOPPAN Nexus
JoAnn Kern – President, TOPPAN Merrill
Jean-Pierre Ting – President, TOPPAN Security
Christophe Djaouani – MD, TOPPAN Digital Language
Dr. Wai Keong Foong – MD, Office of AI
Tee Kiat Yeo – Chief Financial Officer, TOPPAN NEXT
Suan Choo Guok – Chief Legal Officer, TOPPAN NEXT
Kenny Yeo – SVP Group Strategy & Transformation, TOPPAN NEXT
Selected case studies
2.7M citizens can now vote – TOPPAN Security supplied an end-to-end election products/services suite to a Southern African country's Election Committee.
DX for Singapore Courts – TOPPAN Ecquaria built the Integrated Case Management System (ICMS) to digitalise criminal case filing.
How we localized 18.5M words – TOPPAN Digital Language delivered translations of over 18.5 million words for an American clinical research firm.
300K+ electronic passports delivered for an East Asian country by TOPPAN Gravity.
First-of-its-kind bank branch in a box delivered in Seychelles by TOPPAN Gravity.
eKYC for a virtual bank in Hong Kong, delivered swiftly by TOPPAN Gravity.
US$1M savings in year one for a Medicare plan provider, delivered by TOPPAN Merrill.
Frequently asked questions
Q: What is TOPPAN NEXT?
A: TOPPAN NEXT is the future-focused, high-growth arm of Fortune Global 500 company TOPPAN Holdings (TYO:7911). It builds and scales portfolio companies across Regulated Communications, Global Security, Intelligent Systems and Print Media.
Q: Is TOPPAN NEXT the same as TOPPAN Leefung?
A: TOPPAN Leefung was the group's name from 2008. It rebranded as TOPPAN NEXT in 2024 to reflect its expanded, technology-driven business mix. "TOPPAN Leefung" now refers to the group's China-based printing and packaging companies specifically.
Q: What industries does TOPPAN NEXT operate in?
A: Regulated Communications (disclosure, compliance, translation), Global Security (digital/physical identity and payment credentials), Intelligent Systems (IoT, RPA, AI), and Print Media (specialty printing and packaging).
Q: Who are TOPPAN NEXT's main portfolio companies?
A: TOPPAN Merrill, TOPPAN Nexus, TOPPAN Digital Language, TOPPAN Security, TOPPAN Ecquaria, TOPPAN Next Tech, Hei, and several TOPPAN Leefung printing/packaging companies.
Q: Where is TOPPAN NEXT headquartered, and how big is it?
A: Singapore, with roughly 8,000 people across around 80 locations worldwide and a combined annual revenue of approximately US$1.3 billion.
Q: Who leads TOPPAN NEXT?
A: Chee Tong Yeo is President & CEO. Other leaders include Christabel Lee (TOPPAN Nexus), JoAnn Kern (TOPPAN Merrill), Jean-Pierre Ting (TOPPAN Security), Christophe Djaouani (TOPPAN Digital Language), and Dr. Wai Keong Foong (Office of AI).
Q: What recent acquisitions has TOPPAN NEXT made?
A: Recent M&A includes TOPPAN Holdings' acquisition of HID Citizen Identity Solutions, TOPPAN Gravity's acquisitions of Face Technologies/FaceTech, FutureCard, IDGate and Jasuindo, TOPPAN Digital Language's acquisitions of GlobalExicon and TranslateMedia, and TOPPAN Security's acquisition of DZCARD Group.
Q: How can I contact TOPPAN NEXT?
A: Email hello@toppannext.com or call (65) 6826 9600. Headquarters: 1 Kim Seng Promenade, #18-01 Great World City East Lobby, Singapore 237994.
Sources and further reading
Website: toppannext.com
About us: toppannext.com/about-us
Our focus areas: toppannext.com/our-focus-areas
Our companies: toppannext.com/our-companies
Our team: toppannext.com/our-team
News & views: toppannext.com/news-views
Contact: toppannext.com/say-hello
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Effective from 8 December 2023
Last Update: 27 July 2026