Toyoda Gosei Report 2019
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TOYODA GOSEI REPORT 2019 1 Haruhinagahata, Kiyosu, Aichi, 452-8564, Japan Public Relations Dept., General Administration Division Phone: +81-52-400-1452 Fax: +81-52-409-7491 https://www.toyoda-gosei.com/ 2019.9.1,500 TP Japan We are a global company that delivers Management Philosophy Boundless Creativity and Social Contribution satisfaction to customers worldwide Good corporate citizenship Customer satisfaction We, as a good corporate citizen, contribute to We aim to provide products and services through safety, comfort, well-being the economy and society through community- with satisfying quality and price in a timely based business activities and social action manner, through forward-looking R&D and and the environment programs. production engineering. Conservation of global The Toyoda Gosei Group continues to meet Proper business operation environment and resources the needs of society through the provision We promote business operations with integ- We aim to conserve the global environment rity through the establishment of a system and resources in order to hand down a greener of automotive and other products using founded on thorough compliance and corpo- world to our children through every business rate ethics. activity, which includes cooperation with soci- rubber and plastic technology. ety and the development of an environment- friendly product and manufacturing process. Sustainable growth Respect for the individual We aim to build up the TG Group's collective We aim to establish a vibrant corporate culture strength through an open and fair relation- through respect for individuality and the value ship with suppliers, through a mutually of enhanced teamwork, based on shared strengthened corporate structure and inno- responsibility and mutual trust between vative management response to change. employees and management. Editorial policy Reference guidelines This report was compiled with the aim of providing share- ・ International Integrated Reporting Framework holders, investors, and all other stakeholders with a deeper (International Integrated Reporting Council (IIRC)) understanding of the Toyoda Gosei Group. It describes the ・ GRI Standards fiscal 2018 business performance of the Group and explains (Global Reporting Initiative) the Group’s strategy and efforts for creating medium- and ・ Environmental Reporting Guidelines, 2018 Edition long-term value. (Ministry of the Environment, Japan) Since the 2018 report issued last year, the Toyoda Gosei ・ Environmental Accounting Guidelines, 2005 Edition Report has been compiled as an integrated report. We have (Ministry of the Environment, Japan) tried to make it straightforward and understandable, with *Environmental data/ examples is available on reference to the International Integrated Reporting Frame- Contents our website. work (International Integrated Reporting Council (IIRC)) For CO2 emissions we received third-party 3 Management Philosophy, Editorial Policy for the IR section and the GRI Standards (Global Reporting verification. 4 History of Toyoda Gosei Initiative) for the ESG section. https://www.toyoda-gosei.com/csr Value Creation Strategy Period covered by report /environmental/report1/ 6 Toyoda Gosei’s Value Creation Process April 1, 2018 to March 31, 2019 8 Letter from the President This report principally covers the period above, but content 12 Medium- and Long-Term Business Plan, related to other periods may be included as needed. “2025 Business Plan” 18 Message from the Officer in Scope Charge of Finance Toyoda Gosei Group 20 Financial and Non-Financial Highlights The scope is outlined individually for some items. 22 Overview of Business Date of issue Foundation Supporting Value Creation September 2019 34 Sustainability ESG and SDGs (Last published in November 2018; issued once a year) 36 Environment 44 Social Disclaimer 52 Governance Careful attention was paid to the content of this Report, but Financial Report accuracy and the timing of updates is not guaranteed and 60 Consolidated 10-Year Financial Summary Toyoda Gosei shall bear no responsibility for trouble, loss, or 62 Financial Review damage resulting from updates or errors in the information 64 Consolidated Financial Statement herein. 68 Company, Investor Information 2 We are a global company that delivers Management Philosophy Boundless Creativity and Social Contribution satisfaction to customers worldwide Good corporate citizenship Customer satisfaction We, as a good corporate citizen, contribute to We aim to provide products and services through safety, comfort, well-being the economy and society through community- with satisfying quality and price in a timely based business activities and social action manner, through forward-looking R&D and and the environment programs. production engineering. Conservation of global The Toyoda Gosei Group continues to meet Proper business operation environment and resources the needs of society through the provision We promote business operations with integ- We aim to conserve the global environment rity through the establishment of a system and resources in order to hand down a greener of automotive and other products using founded on thorough compliance and corpo- world to our children through every business rate ethics. activity, which includes cooperation with soci- rubber and plastic technology. ety and the development of an environment- friendly product and manufacturing process. Sustainable growth Respect for the individual We aim to build up the TG Group's collective We aim to establish a vibrant corporate culture strength through an open and fair relation- through respect for individuality and the value ship with suppliers, through a mutually of enhanced teamwork, based on shared strengthened corporate structure and inno- responsibility and mutual trust between vative management response to change. employees and management. Editorial policy Reference guidelines This report was compiled with the aim of providing share- ・ International Integrated Reporting Framework holders, investors, and all other stakeholders with a deeper (International Integrated Reporting Council (IIRC)) understanding of the Toyoda Gosei Group. It describes the ・ GRI Standards fiscal 2018 business performance of the Group and explains (Global Reporting Initiative) the Group’s strategy and efforts for creating medium- and ・ Environmental Reporting Guidelines, 2018 Edition long-term value. (Ministry of the Environment, Japan) Since the 2018 report issued last year, the Toyoda Gosei ・ Environmental Accounting Guidelines, 2005 Edition Report has been compiled as an integrated report. We have (Ministry of the Environment, Japan) tried to make it straightforward and understandable, with *Environmental data/ examples is available on reference to the International Integrated Reporting Frame- Contents our website. work (International Integrated Reporting Council (IIRC)) For CO2 emissions we received third-party 3 Management Philosophy, Editorial Policy for the IR section and the GRI Standards (Global Reporting verification. 4 History of Toyoda Gosei Initiative) for the ESG section. https://www.toyoda-gosei.com/csr Value Creation Strategy Period covered by report /environmental/report1/ 6 Toyoda Gosei’s Value Creation Process April 1, 2018 to March 31, 2019 8 Letter from the President This report principally covers the period above, but content 12 Medium- and Long-Term Business Plan, related to other periods may be included as needed. “2025 Business Plan” 18 Message from the Officer in Scope Charge of Finance Toyoda Gosei Group 20 Financial and Non-Financial Highlights The scope is outlined individually for some items. 22 Overview of Business Date of issue Foundation Supporting Value Creation September 2019 34 Sustainability ESG and SDGs (Last published in November 2018; issued once a year) 36 Environment 44 Social Disclaimer 52 Governance Careful attention was paid to the content of this Report, but Financial Report accuracy and the timing of updates is not guaranteed and 60 Consolidated 10-Year Financial Summary Toyoda Gosei shall bear no responsibility for trouble, loss, or 62 Financial Review damage resulting from updates or errors in the information 64 Consolidated Financial Statement herein. 68 Company, Investor Information 3 900 History of Toyoda Gosei 800 700 Net sales 600 ( Since its founding, Toyoda Gosei has provided new value to 500 Billions of yen the world through manufacturing that meets the needs of 400 the times with original technology in the fields of rubber and plastics. 300 ) 200 100 0 1949 1960 1970 1980 1990 2000 2010 2018 Early years [1949~1979] Expansion [1980~1999] Becoming a global corporation [2000~2009] Providing new value [2010~] 1949 Nagoya Rubber Co., Ltd. 1980 Headquarters is relocated to present location 2000 Toyoda Gosei Europe N.V. is established 2013 Toyoda Gosei East Japan Co., Ltd. is established is established as a spin-off of (Kiyosu, Aichi Prefecture) 2001 Toyoda Gosei Asia Co., Ltd. is established GDBR Industria e Comercio de Componentes Quimicos e de the rubber research division of 1982 Bisai Plant is completed and begins operation 2005 ISO / TS16949 certification Borracha Ltda. is established Toyota Motor Industry Co., Ltd. 1985 Capital participation in Tai-yue 2006 Toyoda Gosei (Shanghai) Co., Ltd. is established 2014 Toyoda Gosei Irapuato Mexico, S.A. de C.V. is established 1957 Haruhi Plant begins operation Rubber Industrial Co., Ltd. 2008 Toyoda Gosei Minda India 2016 Toyoda Gosei Minda India Pvt. Ltd. Completion of 1967 Inazawa Plant begins