Verification Opinion

3 May 2024
Opinion No：SGS24/040

Mr. Takashi Shimizu
President & CEO
Toyo Tire Corporation
2-2-13 Fujinoki, Itami City, Hyogo, Japan

Objective
SGS Japan Inc. (hereinafter referred to as "SGS") was commissioned by Toyo Tire Corporation (hereinafterreferred to as "the Organization") to conduct independent verification based on Criteria of Verification (ISO140643: 2019 and the SGS verification protocol) regarding the data prepared by the Organization on the scope ofverification (hereinafter referred to as “the Statement”). The objective of this verification is to confirm that theStatement in the Organization's applicable scope has been correctly calculated and reported in the Statement inconformance with the criteria, and to express our views as a third party. The Organization is responsible for thepreparation and fair presentation of the Statement.

Scope
The scope of verification is Scope1 and 2 emissions, amount of water intake and water drainage.
The period subject to report is from 1 January 2023 to 31 December 2023.
Refer to the attached sheet for the detailed scope of verification.

Procedure of Verification
The Statement was verified in accordance with Criteria of Verification, and the following processes wereimplemented at a limited level of assurance:
Verification of the calculation system: Interviews on the measurement, tabulation, calculation, and reporting
methods employed by the Organization as well as review of related documents and records
Verification of the Statement: On-site verification and voucher review conducted at Toyo Tire Japan Co., Ltd.
Fukuoka Office and North Osaka Office, and Fukushima Rubber Co., Ltd., and analytical procedures andinterviews for the other sites in the scope of verification carried out at the head office
The criteria for this review are based on the GHG Emissions Calculation and Reporting Manual (Ver. 5.0), theprotocol specified by the Organization, Japan Rubber Industry Association Standards and IEA emission factors
2023 edition

Conclusion
Within the scope of the verification activities employing the methodologies mentioned above, nothing has cometo our attention that caused us to believe that the Organization's Statement was not calculated and reported inconformance with the criteria.
SGS Japan Inc. affirms our independence from the Organization, being free from bias and conflicts of interest
with the Organization.

For and on behalf of SGS Japan Inc.
Yokohama business Park North Square Ⅰ
134, Godo-cho, Hodogaya-ku, Yokohama
Business Assurance
Head of Certification/Accreditation

Yuji Takeuchi

1/2This document is issued by the Company under its General Conditions of Service accessible at www.sgs.com/terms_and_conditions.htm.
Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein. Any holder of this document is advised that information contained hereon
reflects the Company's findings as the time of its intervention only and within the limits of Client's instruction, if any. The Company's sole responsibility is to Client and thisdocument does not exonerate parties to transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery orfalsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

Attached file
3 May 2024
Opinion No：SGS24/040

The details of the scope of verification
The Scope
1
Scope 1,2 from energyrelated carbon dioxide

2

Amount of water intake andwater drainage

The Boundary
114 sites in domestic andoverseas group(3 management sites, 14
domestic development andmanufacturing sites, 2 domestic
logistics sites, 87 domestic sales
offices, and 8 overseas
manufacturing sites)

The Statement
Scope1:274.5 thousand t-CO2
Scope2:(Location-base) 280.5 thousand t-CO2(Market-base)105.8 thousand t-CO2
Water intake:
3,247.6 thousand kl<classification>
Surface water:
35.8 thousand kl
Groundwater:
2,322.9 thousand kl
Third-party water:
888.9 thousand kl
Water drainage*1: 1,908.1 thousand kl<classification>
Surface water:
1,470.4 thousand kl
Third-party destinations:437.7 thousand kl*1 Water drainage does not include groundwater infiltration.

2/2This document is issued by the Company under its General Conditions of Service accessible at www.sgs.com/terms_and_conditions.htm.
Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein. Any holder of this document is advised that information contained hereon
reflects the Company's findings as the time of its intervention only and within the limits of Client's instruction, if any. The Company's sole responsibility is to Client and thisdocument does not exonerate parties to transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery orfalsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.