Long-Term Corporate Vision, Medium Term Management Program
The Toray Group formulated the Long-Term Corporate Vision, AP-Growth TORAY 2020 (abbreviation: Vision 2020) in 2011 and has been implementing the growth strategies emphasizing on business expansion in the growth business fields as well as the growth countries and regions. It worked on the Medium-Term Management Program, Project AP-G 2013 from fiscal year 2011 as the first stage of Vision 2020 and has promoted Medium-Term Management Program, Project AP-G 2016 from fiscal 2014 as the second stage. During this time, the Group drove forward expansion in the growth business fields of Green Innovation Businesses, which contributes to resolving global environmental issues as well as resource and energy issues, and Life Innovation Businesses, which contributes to improvement of healthcare, ease of burden on medical professionals and health and longevity, while pursuing business expansion in Asia, emerging countries and the Americas in terms of growth countries and regions.
In Project AP-G 2019, which is the third stage of Vision 2020, the Group will introduce new measures that are adapted to the environmental changes as it continues with these initiatives. It aims to successfully wrap up the initiatives it has implemented so far for the achievement of Vison 2020 while strengthening its efforts to create new sources of earnings.