Contents
Corporate Philosophy

Contents / Corporate Philosophy

01

Company profile

Creating a beautiful forest,
comprised of many trees of varying character,rather than merely growing a single tall tree
In our efforts to enrich people’s lives,
we at INOAC have specialized in not only a single business,but we have cultivated four business “seedlings”- polyurethane, rubber, plastics and composite materials.
Today we have developed into a conglomerate,
supplying diverse products and services,
thereby contributing to society.

Message from the president

02

Company outline

04

Network05

Business overview

06[Feature story] For a Better Future
Manufacturing & talent development
for the future

08

Quality management - Creating worksites
to be proud of

09(2) High Performance Material Division
Minimizing loss in product development

10

Loss reduction in product development

11

Harmony with the environment

12

Environmental management

13

Reducing our environmental footprint

15

Managing information on chemical substances 17
Improving value

19

Communication with society

20

Contributing to society and communities

21

Producing an employee-friendly workplace

23

Improving in-house systems

24

Human resource development25

Supply chain management
Supply chain management
Governance & compliance

CSR REPORT 202018

Quality improvement efforts

Safety and health / Disaster prevention

01

07(1) Global Automotive-related Products Division

26
27
28
29

Governance

30

Compliance31

Applicability of report32Message from the president

Company profile

Company
profileconsumption tax increase, and inflamed international tensions.
Under these conditions we saw an increase in revenue andslight negative growth in profit domestically. However, favorable
developments internationally resulted in profit growth despite
no changes to sales overseas.
Specific examples of our efforts include investing in existing
plant facilities while also initiating construction of new
production plants, with the aim of improving production
efficiency and taking steps to address the environment. In terms
of productivity improvements, we have been implementing RPA
efficiency in building production systems that utilize IT and in

INOAC CORPORATION
President & COO

Internationally we have also outfitted our plants incountries such as Indonesia and Vietnam with state-of-the-art
facilities, and we are actively working toward local production
for local consumption in the bedding market.
Powered by material technology, we at INOAC will continue
throughout the world.

Top Message
02

CSR REPORT 2020

Governance & compliancestriving to make contributions to communities in Japan and

Supply chain management

Toyohiko Okina

making our offices more efficient.

Producing an employee-friendly
workplacetechnology in particular, leveraging it to improve administrative

Communication with society

and recognition

economy was impacted by a series of natural disasters, a

Improving valuesociety’s trust

Business activities stagnated in 2019 as the JapaneseHarmony with the environment

EarningFeature story

Sustainable activity powered bymaterial technology

At

INOAC,

ourCompliance

Committee

identifies

variouscompliance-related problems in our company and takes actions toresolve them early-on.

anchored by urethane, rubber, plastics and composite materials.

staff to keep compliance-related problems from arising. With the

As I said before, INOAC is a company that contributes to society

Recently, environmental issues such as saving energy andmindset that safety and quality form the very foundation ofthrough the manufacturing of materials. With strong awareness of CSR

reducing CO2 emissions have taken on major significance throughout

manufacturing, we also send specialists from Head Office to perform

in development, production, and every other aspect of our operations,

the world. At INOAC we strive to provide society with highly

safety inspections and quality inspections at all of our production sites

we are striving to be a company that is held in high esteem by clients,

eco-friendly products through the development of many different

in Japan and around the world twice each year, conducting

communities, and all of our employees.

materials and processes, including thermal insulators such as

inspections and reviews, and making improvements.

It is also important to support children, who are our future, as wellfollowing the rules. We devote ourselves to consistently earning thetrust of everyone in society.
As the world continues to globalize, developing human resources

Education and Scholarship Foundation, offered educational tours ofwith global perspectives is now imperative for survival. We are

our production plants to local elementary school students in Japan,

implementing systems for our younger employees to gain workand conducted charity and fundraising activities for elementary

experience abroad and to interact with the people in each of ourschools and orphanages internationally. We are also engaged in effortsbusiness locations, while also organizing activities that drive theirto help overcome environmental challenges in communities throughprofessional growth. At the same time, we are also striving to develop

the reuse of scrap materials.

our human resources through English and Chinese language classes

Developing human resources who
engineer the future

Top Message
CSR REPORT 2020

Governance & compliance

Compliance activities are now more important than ever.

acquire various qualifications, and more.

Supply chain management

overseas, study abroad programs at overseas universities, support to

Producing an employee-friendly
workplacestudents in Japan and other countries through the INOAC International

Communication with society

as communities. In FY 2019 we provided scholarship assistance toPromoting corporate ethics is about more than just always

Improving value

To facilitate this, our Human Resources Division is organizing
workshops for each level of employee and continuously educating

Harmony with the environment

As stated in our corporate philosophy, INOAC is a company that
contributes to society by developing new materials and new products,

THERMAX.

03

Ongoing CSR activities at each work
site

Feature story

Creating a better future for theplanet and humanity

Company profile

Message from the president

Company
profile■ Main Businesses
INOAC operates in five broadly-defined categories of business. We make people’s lives more comfortableand enjoyable in many different life scenarios, offering a wide range of products in various markets.

■ Established1954■ Incorporation Capital

720 million yen■ Representatives

Chairman & CEO Soichi Inoue■ Employees

1,945 (as of December 2019)■ Sales

189.4 billion yen (as of December 2019)1

President & COO Toyohiko Okina

INOAC operates in various fields closely related todaily life, from consumer products to information
technology equipment and housing andconstruction materials.
Foam products

2-13-4 Meieki Minami, Nakamura-ku, Nagoya, Aichi 450-0003

Head Office (Tokyo)

4F Osaki West-city Bldg., 2-9-3 Osaki, Shinagawa-ku
Tokyo 141-0032

Rubbers & elastomers

OlefinMaterial

Material

Material

Urethane foam

Plastics/Composites

RubberOlefin resin

Main applications

Main applications

Main applications

Main applications

Consumer products / Furniture &bedding / IT equipment

Distribution materials/Office automationequipment/Cosmetics bottles

Construction materials/
IT equipment/Cosmetic puffs

Packaging materials / Consumer
products / IT equipment

Communication with society■ S ale s

Plastic products

Material

2 Automotive-related Products

Hundred million yen

1,700

1,824

Sales by division in FY 2019
Plastic products & Packaging 3%

1,894

Rubber & Elastomer 3%

Others 3%
Automotive 59%

We offer products for interiors and exteriors,
products for car functions, and seat-related
products that help make cars safer and more
comfortable.

Producing an employee-friendly
workplaceDomestic sales by year

1,500

Sales by division
in FY 2019

500

04

2017

2018

CSR REPORT 2020

2019

Year

Foam products 32%

4

Housing & Construction
Materials

5 Bedding & FurnitureThis specialist manufacturer ofmotorcycle, bicycle, and wheelchairtires and tubes is the original
founding section of the INOAC Group.

We mainly operate in housing,construction, civil engineering, andenvironment-related business.

We produce mattresses for a
comfortable night’s sleep, as well as
the “Smile” brand of nursing carefurnishings and the HUKLA furniture
brand.

Governance & compliance0

3 IRC Tires

Supply chain management

1,000

Improving value■ Head Office

2,000High Performance Materials

Harmony with the environment

INOAC CORPORATION

Feature story■ Company nameCompany profile

Company outline

Company
profileNetwork

Company profile

Company
profile■ Major overseas locations

Our affiliated, associated and joint venture companies from Hokkaido to Okinawa, in addition to

We have constructed a system of proposing and supplying research, development, material

the nationwide network of INOAC Corporation, have established a close production and sales

processing, molding techniques and mass production in 13 countries and regions worldwide,

network which enables us to provide our customers with the most appropriate solutions.

mainly in North America and Asia.

Associated companies

Joint ventures

Mexico5 companies

China

16 companies

Hong Kong

1 company

Asia

35 companies

Thailand13 companies

Taiwan3 companies

Indonesia

6 companies

Vietnam

5 companies
1 company

Singapore

3 companies

Philippines

1 company

Malaysia

1 company

Sales branches: Tokyo, Chubu, Osaka, Kyushu
Sales offices: Sapporo, Tohoku, Hamamatsu, Hiroshima

Sri Lanka

2 companies

R&D Centers
INOAC Technical Center Co., Ltd., Jinno R&D Center

Governance & compliance

Main Sales Offices

Supply chain management

South Korea

Producing an employee-friendly
workplace

Anjo, Sakurai, Kira, Shinshiro, Yana, Ishimaki, Nanno, Seino,
Hanyu, Hadano, Toyohashi, Taketoyo

CSR REPORT 2020

3 companies

Mainland China 15 companies

Offices & Plants

05

12 companies

CanadaCommunication with society

Hokkaido INOAC Co., Ltd.
Tohoku INOAC Co., Ltd.
Higashi Nihon INOAC Co., Ltd.
INOAC Elastomer Co., Ltd.
Nishi Nihon INOAC Co., Ltd.
Kyushu INOAC Co., Ltd.

USA

Improving value

Affiliated companies

North/Central America 20 companies

Harmony with the environment

Inoue Rubber Co., Ltd.
BASF INOAC Polyurethane Co., Ltd.
INOAC International Co., Ltd.
Rogers INOAC Corporation, and others
INOAC Technical Center Co., Ltd.
INOAC Housing & Construction Materials Co., Ltd.
HUKLA Japan Inc.
INOAC Living Co., Ltd. and others

Feature story■ Major domestic locations

Company profile

Business overview

Company
profileResin-based bottles
for cosmetics

Feature story

Food tray

Kitchen spongeSound absorbing
material
for speakers
Packing material
for light fixtures

Harmony with the environment

Light shielding thermal
insulation sheet

Sofa

Electronics
cushioning material

Cosmetic puffs

Mattress

Improving value

Hot water floor
heating system

Interlocking matsmight be the kitchen spongeInterior

Prosthetics

Garden tape

Seam gasket
for houses

you use to clean dishes, orMaterial
for shoe insole
and upper

Sports bra cups

they might be used in

Seat-related parts

Supply chain management

quieting noise made by cars.
These products born fromadvanced technologies help
make everyone’s life a little
better.

Wheelchair tires

Exterior
Engine, floor, chassis* Products that appear here are actual or recommended usage cases.

06

CSR REPORT 2020

Governance & compliance

Yoga mat

Coolers &cold storage

Producing an employee-friendly
workplaceeven better. You can findthem all around you. They

Mask

Thermal insulation
for houses

INOAC products make life

Communication with society

INOAC products arepart of your life