Message from the President

President, Toray Industries, IncAkihiro Nikkaku

Contributing to society through the creation of new value with innovative ideas, technologies and products

The world faces a multitude of issues today, including climate change, the food and water security issues driven by population growth, resource and energy sustainability challenges, and safety and health issues. As public institutions, corporations must work to address these social issues.

At the Toray Group, we are determined to be part of the solution to the global issues addressed by the Paris Agreement on climate change and the Sustainable Development Goals (SDGs) adopted at the United Nations.

Every product people use is made from materials. This is why we believe materials can change lives. We aim to supply materials so original that only Toray can produce them. That's how we create new value for the world and fulfill our social responsibilities—true to our corporate philosophy, "Contributing to society through the creation of new value with innovative ideas, technologies and products."

At the Toray Group today, we are working hard to realize our long-term corporate vision, AP-Growth TORAY 2020, by leveraging our advanced materials to drive sustainable growth and expansion into global markets. In fiscal 2017, we launched our medium-term management program, Project AP-G 2019, which represents the third phase of our effort to achieve the long-term corporate vision.

One of our key strategies is to expand business in growth fields. Under this strategy, the entire Toray Group is focusing on our Green Innovation businesses, which contribute solutions for environmental, resource, and energy issues, and our Life Innovation businesses, which enhance the quality of medical care, reduce the burden on medical staff, and contribute to health maintenance and longevity.

Meanwhile, we have outlined five key initiatives for the Group, including new business creation. Under this initiative, the Group is prioritizing its allocation of resources to fields that are positioned for sustainable growth in 2020 and beyond. These include hydrogen and fuel cell-related materials, technologies and products based on non-fossil resources, eco-friendly printing materials, safety and health care-related products, and sensing device-related materials.

At the Toray Group, we understand that corporate social responsibility goes hand in hand with business growth, and it is at the top of our priority list. Under our Sixth CSR Road Map, we are carrying out various initiatives in the areas of corporate ethics and legal compliance, and safety, accident prevention, and environmental conservation.

This CSR Report systematically presents our CSR initiatives in fiscal 2016 and their results, and it is designed for all of our stakeholders. I invite you to spend some time with this report and get to know the Toray Group better.

August 2017