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Letter from the President

Creating a path to the future by offering solutions to environmental and social issues through cooperation with our stakeholders

Under the company creed of “Boundless Creativity and Social Contribution,” Toyoda Gosei's mission is to promptly grasp society’s needs and help to solve social issues with the leading-edge technologies and products we have cultivated in the field of rubber and plastic polymers, and contribute to a sustainable environment and society. This will lead to sustainable growth for our company.

For example, one of our longstanding goals has been to help bring about a safe, secure, and comfortable mobility society by reducing traffic fatalities. This is a material issue for Toyoda Gosei, through which our airbag business has grown to acquire the top market share in Japan and the 4th share globally. To continue contributing to the spread of mobility in societies around the world, we strive to deliver safety, assurance and comfort to customers globally by providing both social and economic value.

As a manufacturer of polymer automotive parts, our next big challenge is to achieve carbon neutrality. For 30 years, we have been sincerely committed to reducing CO2 emissions and protecting the environment, setting specific activity goals every five years. Leveraging our specialized technology in rubber and plastics and our accumulated knowledge and experience, we will evolve as a leading company for carbon neutrality in the field of automotive rubber and plastic parts. We can accelerate industry-wide initiatives for carbon neutrality and a circular economy by more quickly building a track record of activities targeting Scope 3 emissions and spreading that positive impact throughout the auto parts industry.

Stakeholders have steadily rising expectations that companies will help to solve social issues. In today’s rapidly changing environment, it is important to cooperate with our stakeholders in order to improve problem-solving ability, competitiveness, and speed as we address diverse and complex social issues. This is why I believe one of my important roles as a leader is to build relationships with all stakeholders involved in our business, including customers, suppliers, employees, and local communities. For this purpose, I will share the company’s future vision and direction, and align our ideas with them through continuous dialog to achieve corporate growth and help solve social issues.

We strive to be a company that contributes solutions to environmental and social issues and moves into the future by working together with the stakeholders involved in our business activities and partners who share and understand our efforts. For this purpose, the entire company is united in our determination to take on new challenges with energy and enthusiasm.

We would like to ask all of our stakeholders for their continued understanding and support.

Toru Koyama
President
November 2022