About Toyoda Gosei

Value Creation Story

Acquiring and Developing Candidates for Management Leadership
To systematically develop human resources who canassume roles in future management, we have adopted
a comprehensive system from management strategy
to personnel selection, training, and assignment. We
acquire future executive candidates for important
posts in each generation, starting with young
employees, and continuously develop them throughtraining and putting their training into practice (toughassignments). We will develop diverse humanresources who can lead and realize change by
appointing local staff/employees from outside thecompany.

Value Creation Strategy

Foundation of Value Creation

Data

Clarification of key strategic management positions and executive
requirements contributing to the execution of job responsibilities
Talent pool
(Basic information and previous
experience of employees, etc.)

Deployment plan

Training anddevelopment(Tough assignments)

Visualization of information and situation
Development of diverse management personnel
Contribute to achieving targets in business plans

We want to grow the company and our employees by outputting what we learn
After gaining experience in production engineering and design of safety systems, in 2022, I
was transferred to Toyoda Gosei (Foshan) Auto Parts Co., Ltd. I learned a lot from lectures
and advice from the management team during the training before my assignment, and these
are the cornerstones of my current position as a base manager. While it is important toacquire knowledge through training (input), it is also very important to put what you learn into
practice (output), which I believe will lead to further growth and learning. I am grateful that I
was given not only the training but also the opportunity to demonstrate my learning as abase manager. I hope to continue to support the success of our employees and help boththe company and our employees grow under the motto “开心工作 (joyful work).”

Tetsuya Ogata
President
Toyoda Gosei (Foshan) Auto Parts Co., Ltd.

Local Executive Training
With 62 companies in 16 countries and regions aroundthe world, we aim to achieve operations rooted in thelocal communities that support sustainable growth.
For such business operations, we believe theinvolvement of personnel who are familiar with local
business practices and culture is essential, and we are
actively appointing and training local executives at ouroverseas locations. To accelerate the active promotion
to such positions in each region, we established abasic policy and targets for the promotion of local
executives (vice presidents and above) in FY2021, andeach business unit is working to achieve these targets.
With the aim of having 40% local executives by 2025,

we are evaluating people with high potential in eachregion and formulating plans for their development. We
are also developing local human resources by
providing basic management skills training andproblem-solving training for executive candidates. Inaddition, Regional Succession Committee (RSC)
meetings are held in the Americas, Southeast Asia,and China to share the status of activities and issues
related to the development and recruitment of
successor candidates for executives. Reports aregiven at Global Succession Committee (GSC) meetings
held annually at the headquarters.

We want to make the company bigger and stronger by leveraging the strengthsof local staff
I am currently attending an executive training program for top management candidates inthe China region. During the training, in addition to lectures and exercises on vision-building
problem solving and strategic thinking, the president and board members directly explained
medium- to long-term management strategies to us, and through friendly competition
among trainees, we strengthened our bond as one team. This experience has strengthened
my belief that “we will grow our China business!” The Chinese market is highly competitiveand changing at a rapid pace, but there are some things that only Chinese people canunderstand about the local culture and way of thinking. From now on, I would like to actively
seize business opportunities in China by being involved in management, making use of mystrengths as a local staff member and what I learned in the training program.

Li Haitao
General Manager, Tianjin Sales Division
Toyoda Gosei (China) Investment Co., Ltd.

T OYODA GOSEI REP OR T 20 2361