Press Release

Hyogo, Japan – August 20, 2024 – Toyo Tire Corporation (Headquarters: Itami City, Hyogo Prefecture; President & CEO: Takashi Shimizu; hereinafter, “Toyo Tire”) hereby announced that it has published “Integrated Report 2024,” which provides integrated disclosure of financial and non-financial information annually. “Integrated Report 2024” is available for viewing as of today on our corporate website (https://www.toyotires-global.com/csr/report/).

(Left: Cover, Right: Value creation process)

Strongly aware that every action in our business is linked to society and the future, Toyo Tire seeks to fulfill our purpose by solving social issues through our corporate activities and creating social value. Guided by this Sustainability Policy, we are committed to managing our business accordingly.

Last year, we published our first Integrated Report, which organized and included every element shaping Toyo Tire and updates on our relevant initiatives, aiming to promote a clearer understanding of the company we aspire to be in the future. In it, we presented our unique value creation process that we structured systematically. This process utilizes various forms of capital from society, including human resources and funds, to deliver attractive products to society through a business model that draws strength from close collaboration among production, sales, and R&D.

Given a productive dialogue with and feedback from stakeholders, this time we made an in-depth account of each stage of the value creation process, from input to outcomes, to facilitate understanding of the relationships between steps. We have also added a function to access information with which to make a concrete and quantitative assessment of each initiative and activity.
Furthermore, we expanded the content of our sustainability initiatives, whose promotion through integration with corporate management has begun to be established, and corporate governance, which is essential in assuring management quality.

Going forward, we hope that the Integrated Report 2024 will help us further facilitate dialogue with various stakeholders as we continue to strive to become a company that brings joy to society.

■Highlights of Integrated Report 2024 (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】
Representative Director, President & CEO Takashi Shimizu assesses progress in the ongoing Medium-Term Business Plan “Mid-Term ’21 Plan” and expresses his belief in the creation of societal values and determination to further enhance our corporate value.

【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 information are disclosed here.

【5. Materiality】
For each of the three domains of the Toyo Tire Group’s material issues (materiality) (value creation, foundation for value creation, and risk management for protecting value creation), our policy, action promotion system, and achievements are reported here.
For the value creation domain, business stories that lead to the outcomes are described.

【6. Close-up】
Tasks on the FY2023 agenda that have been achieved, including the formulation of a long-term roadmap focusing on natural capital based on the set of disclosure recommendations published by the TNFD*1 and initiatives for human rights due diligence in accordance with the Global Human Rights & Labor Policy, are explained.

【7. Governance】
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.

【8. Data】
Included here is financial data, including a summary of securities reports.

*1) TNFD:Taskforce on Nature-related Financial Disclosures

■Reporting media
The Toyo Tire Group provides and updates our financial and sustainability information on our corporate website in a timely manner.
The Integrated Report includes a hyperlink that allows direct access to our sustainability website.
The global corporate website (English) will be launched by the end of September 2024.

Click below to download “Integrated Report 2024” (PDF version)
https://www.toyotires-global.com/csr/report/

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

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