Annual Report

To Our Stakeholders

Adversity puts our strengths in a new light

Akihiro NikkakuPresident, Toray Industries, Inc.

Stories of the Creation of New Value

Entering the Global Market and Establishing the Global Sales Team (GST) System

This section introduces Toray Group’s initiatives in the water treatment business as an example of the Toray Group Value Creation Process for providing new value to society.

Roundtable Discussion of Outside Directors

Towards Enhancing Toray’s Corporate Value

In this roundtable discussion, the 4 outside directors exchanged their frank opinions on the new governance structure, Toray’s issues, and their expectations for the Company.