Message from the President
Akihiro Nikkaku President, Toray Industries, Inc.
Contributing to society through the creation of new value with innovative ideas, technologies and products
The importance of corporate social responsibility (CSR) is continuing to grow as more and more emphasis is placed on sustainable growth around the world. Socially responsible corporations must do their part to address social issues, including environmental problems, in tandem with their pursuit of business growth.
Toray marked its 90th year in business in 2016. The Toray Group has embraced a corporate philosophy of “contributing to society through the creation of new value with innovative ideas, technologies and products,” and we are working hard to do this by developing innovative and advanced materials. Materials are in every product and have the power to fundamentally change the world. By developing original materials, we can deliver new value that will fundamentally address social and economic problems. We have made it our highest management priority to pursue social responsibility by always doing business in a manner that emphasizes safety, accident prevention, environmental conservation, corporate ethics, and legal compliance.
The Toray Group is currently implementing two corporate strategies. One is our long-term corporate vision, AP-Growth TORAY 2020, which outlines our business portfolio and vision for around 2020. We are also implementing a medium-term management program, Project AP-G 2016, which covers the period from fiscal 2014 to 2016 and seeks to leverage the collective strengths of the Group to grow our business. Under these strategies, we seek to capitalize on growth opportunities, for example, with our Green Innovation businesses, which offer solutions to the increasingly critical issues relating to the global environment, resources, and energy, while we expand our Life Innovation businesses, which enhance the quality of medical care, reduce the burden on medical staff, and contribute to health maintenance and longevity. Further, we are pursuing business expansion in growth countries and regions, with a special focus on Asia, the Americas, and emerging countries.
These strategies are bearing much fruit. The Toray Group recorded net sales of 2,104.4 billion yen (up 4.7% year-on-year) in fiscal 2015, with operating income of 154.5 billion yen (up 25.1%), ordinary income of 150.2 billion yen (up 16.8%), and net income attributable to owners of parent of 90.1 billion yen (up 26.9%). These figures are all record-highs.
At the Toray Group, social responsibility is integrated with our management philosophy and strategy. We see corporate social responsibility as going hand in hand with business growth. The Group will continue to supply products, services, and technologies that address social issues while pursuing sustainable growth in harmony with global development, always aiming to be highly valuable to all stakeholders.
I hope that you will take the time to read through this CSR Report. We made a real effort to make it as clear and accessible as possible, because we want all of our stakeholders to be well informed about our progress on our social responsibility goals.