May 30, 2023

The formulation of “2029 Sumitomo Riko Group Vision” and“2025 Sumitomo Riko Group Mid-term Management Plan”

Sumitomo Riko Company Limited (Headquarters: Nakamura-ku, Nagoya-shi;
President & CEO: Kazushi Shimizu) wishes to announce that it has finalized its “2029
Sumitomo Riko Group Vision” (2029V), the management vision for the final fiscal
year in fiscal 2029, and “2025 Sumitomo Riko Group Mid-term Management Plan”(2025P), the mid-term management plan for the final fiscal year in fiscal 2025.
The Sumitomo Riko Group is directly facing global trends for the realization of asustainable society, and “CASE”, which is revolutionizing the auto industry. And asenvironmental regulations are being strengthened around the world and more
requirements are being placed on the market to improve safety and comfort,
technological innovation for electric vehicles and autonomous driving is accelerating
and there are high expectations for initiatives to preserve the global environment,
beginning with carbon neutrality. As such, the Sumitomo Riko Group sees this major
business environmental change as a new business opportunity.
Employees who will likely have a core role in our business in our 100th anniversary
year in 2029 came together to discuss matters such as “What the future society
strives to be” and “the reconfirmation of Core Competencies” and established the
purpose “To realize the comfort of the society by maximizing the potential ofmaterials through Monozukuri”.

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■2029 Sumitomo Riko Group Vision (2029V)
The Sumitomo
SpiritWhat theGroup
Company
strives to be
PurposeBanji-nissei Shinyo-kakujitsu Fusu-furi
Global Excellent Manufacturing Company

To realize the comfort of the society by maximizing the potential ofmaterials through Monozukuri
Aims for 2029 A leading solution provider taking on social challenges by aggregating
whole resources of Sumitomo Riko and its partners
Developing people and Providing training opportunities to promote
peers who pioneer the individual growth and fostering a corporate
futureculture full of job satisfaction.
Promote Co-Creation through Internal andExternal Partnerships.
Building a flexible
Business Activities that Consider Climate
Threeand strong organization
Change and Natural Capital.
directions andTransformation into a Management
materiality forFoundation that can Flexibly Respond toachieving aims
Changes in the Environment.
Creating value for
Responding to next generation mobility anda sustainable society
Providing Environmentally Friendly
Products.
Evolution and integration of technologies toexpand provision of safety and comfort.
Corporate
Consolidated net sales
Scale of 700 billion yen
Value
Return on
Return on Equity(Financial
Invested
10％ or(ROE) (return on
10％ or more
Goals)
Capitalmore
equity held by parent(ROIC*1)
company)
Public Value
Increase awareness of our management(Non-Financial
philosophy and vision and create aEngagement
Goals)
self-reliant relationship for employees and* Typical
the company to mutually determine.
ExampleEnsuring a safe workplace for a diverse
Diversity & Inclusion
workforce and creating new value
Ensuring compliance with laws andregulations and corporate philosophy within
Compliance
the Group and globally, including the supply
chain
Human resource
Develop self-reliant and highly ambitious
development
personnel to open a path to the future.
CO2 emission reduction
Global environmental(compared to fiscal 2018)conservation
Scope1+2 -30％
Scope3-15％*1 Return on Invested Capital (ROIC) = Business profit ÷Invested Assets (Total Assets - Interest
Free Liabilities)

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■2025 Sumitomo Riko Group Mid-term Management Plan (2025P)
Theme
Corporate
Value(Financial
Goals)

Public Value(Non-Financial
Goals)*TypicalExampleFurther enhancing profitability and Strengthening the managementfoundation for sustainable growth.
Consolidated net sales
620 billion yen
Business profits
28 billion yen
Return on
Return on Equity
Invested
8％ or(ROE) (return on
8％ or more
Capitalmore
equity held by parent(ROIC)
company)
Dividend payout ratio
30％ or more
Investment amountResearch and Development 55 billion yen(accumulated over
Facility investment 90 billion
three years)
Provide training in corporate philosophy toglobal executives and promote activities to
Engagement
ensure all employees are aware of ourcorporate philosophy and vision
Expansion of training programs(accumulated over three years)
Human resource
・Executive training 100 participants
development
・DX core personnel*2training 200
participants
・DX data analyst*3training 700 participants
CO2 emission reduction(compared to fiscal 2018) Scope1+2-20％
Global environment
conservation
Waste reduction(compared to fiscal 2022 primary unit)-3％*2

DX core personnel: Personnel engaged in leading the planning of the utilization of IoT and AI
to the actual implementation in their department*3 DX data analysts: Personnel who use IoT, AI and other specialist IT tools for work purposes intheir department

The Sumitomo Riko Group aims to be a “Global Excellent Manufacturing Company”
that is needed around the world by our 100th anniversary in 2029.

Contact Information

Sumitomo Riko Company Limitedtel +81-52-571-0259

Public Relations and Investor Relations Department
JP Tower Nagoya 1-1-1, Meieki, Nakamura-ku, Nagoya-shi, Aichi 450-6316, Japane-mail product.info@jp.sumitomoriko.com https://www.sumitomoriko.co.jp/english/

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