Vision ‘TORAY VISION 2050’, Long-Term Management Policy ‘TORAY Challenges 2035’, and Medium-Term Management Issues ‘IGNITION 2028’

Overview of Long-Term Management Policy and Medium-Term Management Issues

Toray Industries, Inc. has established the new long-term vision 'TORAY VISION 2050' toward 2050 and formulated the long-term management policy 'TORAY Challenges 2035' through 2035. Based on this, the company has initiated the medium-term management issues 'IGNITION 2028' targeting the three years from April 2026 to March 2029. The long-term vision aims to realize a world where humans and the Earth coexist harmoniously, resources circulate, and nature regenerates. The long-term management policy sets five pillars: growth and breakthrough in next-generation markets, business model transformation, strengthening digital transformation (DX), and human resource development. The medium-term management issues emphasize reviewing the business portfolio, promoting DX, and improving ROIC, aiming to balance economic and social values.

Fiscal 2028 Numerical Targets and Growth Strategy

The numerical targets for fiscal 2028 include net sales of 3 trillion yen, operating income of 230 billion yen, operating margin of 8%, ROIC of approximately 7%, and ROE of approximately 8%. This plan aims to achieve both profitability and growth. By business segment, the company targets increased profits and improved ROIC across all areas including fibers, functional chemicals, carbon fiber composite materials, and environment & engineering. Especially, structural reforms such as the Darwin Project are expected to improve earnings by approximately 27 billion yen by fiscal 2025. The medium-term management issues focus on strengthening competitiveness, optimizing investment capital allocation, creating innovation, enhancing cost competitiveness, human resource management, and dialogue with capital markets, pursuing sustainable growth and enhancement of social value.