For Immediate Release
April 26, 2021
LIXIL Corporation

LIXIL updates Diversity and Inclusion strategy to drive competitive
advantage
Building an inclusive environment to empower employees and enhance consumer centricity
Tokyo – LIXIL Corporation (LIXIL, TSE Code: 5938), maker of pioneering water and housing products, has
updated its Diversity and Inclusion strategy as a key pillar of the company’s transformation to become amore agile and entrepreneurial organization. The new strategy includes setting ambitious new gender
equity targets for 2030.
The updated enterprise-wide D&I strategy will achieve 50:50 gender ratio for Directors and Executive
Officers, and female representation for managerial positions of 30% across the organization by 2030. Inaddition, specific targets will be set to reflect regional priorities, such as maintaining equal gender ratio
for all new graduate hires in Japan. To achieve these goals, LIXIL will take steps at all stages of theemployee journey to embed D&I; this includes its talent acquisition strategy for both new graduate andmid-hires, as well as ensuring D&I planning is embedded into promotion and development processes.
To become an inclusive organization, LIXIL has also introduced changes to HR policies and new working
styles to empower employees and shift to greater meritocracy and in helping employees perform to theirfull potential. Chaired by CEO Kinya Seto, LIXIL’s D&I committee was founded in 2020 to set strategy andfurther implement measures across the business, to ensure actionable steps to drive a shared effort.
LIXIL’s corporate purpose is to make better homes a reality for everyone, everywhere. The company
serves a consumer base as diverse as society itself with its solutions, so it can only achieve its purpose by
being consumer centric and truly understanding the needs of consumers. Starting with gender equity as
a proxy to broader transformation, LIXIL will pursue its new D&I strategy through concrete action plans
to strengthen and embed D&I practices globally.
LIXIL CEO, Kinya Seto said, ”At LIXIL, we have been on a journey to embed Diversity and Inclusion within
the organization not only because it’s the right thing to do, but also for its strategic value to strengthen
our long-term competitive advantage. Diverse perspectives and knowledge are what helps us cater tothe needs and demands of our consumers, as well as driving innovation. Today, women control 40% of all
wealth globally and either directly make or influence up to 80% of all purchase decisions. Valuing female
representation is important for business, and by implementing policies and approaches to support
women can we build a more inclusive environment for all. Inclusion is our goal, and the consequence of
our effort will help make better homes a reality for everyone, everywhere.”¹
Diversity and Inclusion was established as one of LIXIL’s three corporate responsibility pillars in 2017 as
one of the key areas of focus that it could leverage its expertise and scale to make a positive impact
through its business. Underlining the knowledge and perspectives of its diverse workforce as a key driverof growth and innovation, the company believes it can help all people live better through inclusive
solutions, technologies and design, irrespective of their age, gender, and the level of disability. Since
2018, all products and services have incorporated the LIXIL Universal Design Concept that enables all
individuals to live comfortably in Japan.
Read more about LIXIL’s Corporate Responsibility Strategy here.
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¹ Forbes: Diversity Confirmed To Boost Innovation And Financial Results
Forbes: 20 Facts And Figures To Know When Marketing To Women
Credit-Suisse: Global Wealth Report 2018: Women hold 40% of global wealth

About LIXIL
LIXIL makes pioneering water and housing products that solve everyday, real-life challenges, making better homes areality for everyone, everywhere. Drawing on our Japanese heritage, we create world-leading technology and innovate tomake high quality products that transform homes. But the LIXIL difference is how we do this; through meaningful design,an entrepreneurial spirit, a dedication to improving accessibility for all, and responsible business growth. Our approachcomes to life through industry leading brands, including INAX, GROHE, American Standard, and TOSTEM. Approximately
60,000 colleagues operating in more than 150 countries are proud to make products that touch the lives of more than abillion people every day.

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