Sep. 28, 2023

TOYO TIRE Publishes “Integrated Report 2023” Systematically presenting TOYO TIRE’s value creation process

Hyogo, Japan – September 29, 2023 – Toyo Tire Corporation (Headquarters: Itami City, Hyogo Prefecture; President & CEO: Takashi Shimizu; hereinafter, “Toyo Tire”) hereby announced that it has published “Integrated Report 2023,” which provides integrated disclosure of financial and non-financial information annually. “Integrated Report 2023” is available for viewing as of today on our corporate website (https://www.toyotires-global.com/csr/report/).

Toyo Tire Group’s value creation process

In the medium-term business plan, “Mid-Term ’21 Plan”, Toyo Tire declared that we will build sustainability and ESG into corporate management to provide solutions to social issues through our business and create social value, thus contributing to realizing a sustainable society. In this first issue of our integrated report, we systematically organized and illustrate our value creation process in order to keep stakeholders abreast of the value Toyo Tire aims to create for society.

In our value creation process, we borrow various forms of capital from society to operate the company as we leverage the business structure that makes the most of Toyo Tire’s strengths and our one-of-a-kind business strategies. We generate outputs through our distinctive business process and convert them into outcomes, which are then fed back to society. We sincerely hope to seek the Toyo Tire Group’s purpose by tapping into our strengths through collaboration among organizational functions of production, sales, and R&D and outputting environmental and social values, as well as economic value, which are then recycled back to society.

Going forward, Toyo Tire will use the integrated report as a foundation for dialogue with our stakeholders to further enhance our corporate value through effective communication.

■ Highlights of Integrated Report 2023 (Key editorial points)
1. Introduction
A brief account of our Philosophy, which expresses our purpose, as well as the history and brief profile of the Toyo Tire Group, is given.

2. Top Message
President & CEO Takashi Shimizu explains how the integrated report came to be published and expounds on its expected positioning. He goes on to express his determination to pursue Toyo Tire’s purpose in society by promoting sustainability management with the Mid-Term ’21 Plan serving as a guidepost and facing ESG issues head-on.

3. Vision
Described in detail here is our value creation process, which, based on analysis findings of the environment the Toyo Tire Group finds itself in, defines capitals made available to us and outputs/outcomes generated through the utilization of these capitals, as well as Toyo Tire’s strengths that form the foundation of this process.

4. Strategy
The basic policy and progress of the Mid-Term ’21 Plan, the business overview, and highlights of financial/non-financial information are disclosed here.

5. Materiality
For each of the three domains of the Toyo Tire Group’s materiality (value creation, foundation for value creation, and risk management), our policy, action promotion system, and achievements are reported here.

6. Governance
Of ESG issues beyond the materialities, our initiatives are introduced with a focus on governance, along with messages from Chairman of the Board Yasuhiro Yamada and four Outside Directors of Toyo Tire.

7. Data
Included here is financial data, including a summary of securities reports.

■ Reporting media
The Toyo Tire Group discloses our financial and non-financial information in Japanese and English. We will continue to provide and update information of our activities on our corporate website.

Click below to download “Integrated Report 2023” (PDF version)
https://www.toyotires-global.com/csr/report/

Click below to view financial information
https://www.toyotires-global.com/ir/library/annual/

Click below to view non-financial information (sustainability-related information)
https://www.toyotires-global.com/csr/

Toyo Tire Corporation
Corporate Communications Dept.
Hyogo Head office Telephone: +81-72-789-9100 Facsimile: +81-72-773-3272

Press Release is intended for media purposes, and is current of the date of publication.
Information is subject to change with or without notice.