November 9, 2022
PRESS RELEASEKOITO MANUFACTURING CO., LTD.
Representative Director: Michiaki Kato, President(Stock Code: 7276 Prime Market, TSE)
Inquiries: Atsushi Inoue, Managing Corporate Officer
General Affairs Dept.
(Tel: +81-3-3443-7111)

Announcement Regarding KOITO VISION and Management Plan 2030
KOITO MANUFACTURING CO., LTD. (“KOITO”) announces the formulation of its new KOITO
VISION as “Lighting the Way for Our Sustainable Future” to continuously contribute to safety andsecurity for the society under the corporate message “Lighting for Your Safety”.
In addition, KOITO has set the “Management Plan 2030” aiming to strive hard for realizing this
KOITO VISION.
Please check the attached materials for detail information.

KOITO VISIONManagement Plan 2030
November 9, 2022
KOITO MANUFACTURING CO., LTD.

KOITO VISIONLighting for Your Safety

・Contribute to a safe and secured society
based on “manufacturing and human-development”
under our corporate message “Lighting for Your Safety”
・Formulate KOITO VISION, “Lighting the Way for Our Sustainable Future”
for increasing our corporate value and contributing to a society witha theme of “Light” during a time of significant changes ofthe business climate

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Lighting for Your Safety

KOITO VISIONKOITO VISION～Lighting the Way for Our Sustainable Future～【Enforcement of Corporate Foundation】
Strengthening and reforming “manufacturing and human-development ”,
enhancement of BCP framework and corporate governance【Sustainable Growth】【Coexistence with the Earth and Society】

Launch attractive products promptly

Be a essential company for all[Lighting Equipment Business][Global Environment]

Develop world leading advanced technologies,
increase new orders

Reduction of environmental impact substancethroughout product life cycle[New Mobility Business][People, Corporate culture]

Create new business which contributes to asafety for a next-generation mobility society

Respect for each values, creation of culture
and system that enable continuous challenges

3

Lighting for Your Safety

KOITO VISIONKOITO VISION～Lighting the Way for Our Sustainable Future～【Enforcement of Corporate Foundation】
Strengthening and reforming “manufacturing and human-development ”,enhancement of BCP framework and corporate governance【Sustainable Growth】【Coexistence with the Earth and Society】

Launch attractive products promptly

Be a essential company for all[Lighting Equipment Business][Global Environment]

Develop world leading advanced technologies,
increase new orders

Reduction of environmental impact substancethroughout product life cycle[New Mobility Business][People, Corporate culture]

Create new business which contributes to asafety for a next-generation mobility society

Respect for each values, creation of culture
and system that enable continuous challenges

4Lighting for Your Safety

Enforcement of Corporate Foundation（1／2）
Strengthening and reforming “manufacturing and human-development ”【Manufacturing】
・Realize a next-generation manufacturing by combining skills as
a manufacturer cultivated by Sangen-syugi principles
and cutting edge IT technologies
・Actualize the best quality by thoroughly improving on-site capabilities【Human-development】
・Provide human development and education enable to realize thegrowth of KOITO Group(Educate and increase AI/IT human resources)

5Lighting for Your Safety

Enforcement of Corporate Foundation（2／2）
Enhancement of BCP framework and corporate governance・Enforcement of BCP framework to respond to geopolitical risks
and disaster risks, etc.

Corporateresponsibility

Disaster

Geopolitics

・Enhancement of corporate governance to establish reliability
from all stakeholders
War, conflicts
Politics

Situation in UkraineChina risks

Earthquakes,
tsunamiNankai trough earthquakes

Climate change

Typhoon No.15 in 2022

Infections

COIVD-19 infections

ComplianceInternal Control

Product Safetyand Quality

Information Security

Enforcement of BCPframework
Enhancement ofcorporate governance

6Lighting for Your Safety

KOITO VISIONKOITO VISION～Lighting the Way for Our Sustainable Future～【Enforcement of Corporate Foundation】
Strengthening and reforming “manufacturing and human-development ”,
enhancement of BCP framework and corporate governance【Sustainable Growth】【Coexistence with the Earth and Society】

Launch attractive products promptly

Be a essential company for all[Lighting Equipment Business][Global Environment]

Develop world leading advanced technologies,
increase new orders

Reduction of environmental impact substancethroughout product life cycle[New Mobility Business][People, Corporate culture]

Create new business which contributes to asafety for a next-generation mobility society

Respect for each values, creation of culture
and system that enable continuous challenges

7Sustainable Growth

Lighting for Your Safety[Lighting Equipment Business] （1／5）

・Growing as a leading company of automotive lighting equipment business2007 World’s first LED headlamp
By using LED, it enables to illuminate instantaneously toenhance safety in addition to realize lower power
consumption and downsizing

2012 Japan’s first ADB (Adaptive Driving Beam)
By automatically controlling the lighting range, itenhances driver’s visibility at night without glaring
oncoming and preceding vehicles

2019 World’s first BladeScan ADB
Realizing high-resolution high beam with fewer
number of LED8

Sustainable Growth

Lighting for Your Safety[Lighting Equipment Business] （2／5）
・We will continuously make efforts to deliver safety and security topeople around the world by getting new orders with cutting edge
technologies which lead the world, and expand ADB penetration
which contributes to the reduction of traffic accidents, etc.

【Main strategies】− Expand global share− Sales promotion of ADB which contributes toreduction of traffic accidents− Expand motorcycle share
9Lighting for Your Safety

Sustainable Growth[Lighting Equipment Business] （3／5）− Expand global share[Global automobile production volume andKOITO’s global share]

KOITO
20％

FY 2022・Expand the sales promotion structure,Global
production

enforce global production

74.48
millionand development systemtargeting for Japaneseand non-Japanese OEM

1.3times

Global share
FY 2022 20％⇒
FY 2031 Target 23％

FY 2031

KOITO
23％
Globalproduction

96.00
million10

Lighting for Your Safety

Sustainable Growth[Lighting Equipment Business] （4／5）− Sales promotion of ADB which
contributes to reduction oftraffic accidents[ADB adoption ratio in KOITO’s products]

・Enhance ADB product variations
by developing higher functions and reducing cost

FY 2022

ADB ５％

Halogen
GDHL
30％
LED70％

・Expand global adoption from luxury vehicles
to mini-vehicles, as a safety component
ADB20％FY 2031Global adoption ratio
FY 2022 5％⇒ FY 2031 Target Over 20％

LED100％11

Lighting for Your Safety

Sustainable Growth[Lighting Equipment Business] （5／5）− Expand motorcycle share[Global motorcycle production volumeand KOITO’s global share］

FY 2022

・Increasing motorcycle production
in developing countries as importantmeans of transportation

KOITO 7％
Globalproduction

59.00
million・Expand new orders globally by applying
our leading technologies in automobile
to motorcycle products

1.2times

KOITO 10％

FY 2031

Global share
FY 2022 7％⇒ FY 2031 Target Over 10％(share for JapaneseOEM 20%)

(share for JapaneseOEM 30%)
Globalproduction

65.80
million12

Lighting for Your Safety

Sustainable Growth[Mobility New Business] （1／5）
・In the next-generation mobility society, the products andtechnologies are required which enables autonomous driving
vehicles to detect surroundings, and synchronize withpedestrians and traffic infrastructures
Improve visibility
at night
Detectsurroundings

Connect vehicles
to infrastructure
Communicate vehicles
and pedestrians

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Lighting for Your Safety

Sustainable Growth[Mobility New Business] （2／5）
・Create new business which contributes to the safety forthe next-generation mobility society
・Realize mobility new business by collaboration with venture enterprises(including M&A）
Expanding product ranges themed by “Light”
For everyone who participates in traffic
For both drivers and vehicles
For drivers

LightingSolution

SensorLighting Solution

・ADB・HUD(Head Up Display)

FY 2021

・LiDAR・Sensor Cleaner

Communication
Lighting Solution

・Smart Infrastructure Technologies
・Communication Lamp
・Road-to-vehicle coordination system
・Sound Generating Lamp
・All-weather cameras, etc.

FY 203114Lighting for Your Safety

Sustainable Growth[Mobility New Business] （3／5）＜Sensor Lighting Solution＞ LiDAR− FY 2024 start mass production(mid-range LiDAR)− Enhance product variations
expand market share
Develop long-, short-range LiDAR
for from luxury to mini-vehicles

Sensing range
Direction
３０ｍ（short-range） Ownvehicle

Backwardsensing(strengthen the relationship and co-development with Cepton Inc.)− Establish production system capableof mass production

FY 2024 market launch, mass production⇒ FY 2031 Target over 20% share

２００ｍ

３００ｍ

（mid-range） （long-range）

Forward sensing
Side sensing[Number of LiDAR units installed andKOITO’s market share]

KOITO
20％FY 2031
Globalproduction

2 million

2% of 96
million units

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Lighting for Your Safety

Sustainable Growth[Mobility New Business] （4／5）＜Lighting Solution＞ HUD・The structure is similar to headlamp unit
・Realize the world’s smallest,lightest and cost-competitive productby using lamp technologies(optics and structures)
as well as materials and partsin common with lamp
・Gaining market share for both domestic
and global

Reduce the driver's eye movement andsafely check navigation information[Domestic HUD adoption ratio
and KOITO’s share]FY 2031

KOITO30％
DomesticProduction

3 million

FY2026 market launch, mass production⇒ FY2031 Target: Domestic over 30%

Installed 30%of 9.5 million
units

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Sustainable Growth

Lighting for Your Safety[Mobility New Business] （5／5）＜Communication Lighting Solution＞
・Contribute to solving social issues such as reduction of traffic accidents
and traffic congestion

Strengthening activities of discovering new mobility
business themes and early commercialization17

Lighting for Your Safety

KOITO VISIONKOITO VISION～Lighting the Way for Our Sustainable Future～【Enforcement of Corporate Foundation】
Strengthening and reforming “manufacturing and human-development ”,
enhancement of BCP framework and corporate governance【Sustainable Growth】【Coexistence with the Earth and Society】

Launch attractive products promptly

Be a essential company for all[Lighting Equipment Business][Global Environment]

Develop world leading advanced technologies,
increase new orders

Reduction of environmental impact substancethroughout product life cycle[New Mobility Business][People, Corporate culture]

Create new business which contributes to asafety for a next-generation mobility society

Respect for each values, creation of cultureand system that enable continuous challenges

18

Coexistence with the Earth and SocietyLighting for Your Safety［Global environment］（1／2）

・Manufacturing with energy-saving facilities by integrated process or line
・Delivering products with high loading rate in effective route・Supplying energy-saving and light-weight products for users

Manufacturing

DeliveringSupplying

19

Coexistence with the Earth and SocietyLighting for Your Safety［Global environment］（2／2）

・Reduce CO2 emissions by 50% in FY 2031 compared to FY 2014
・Achieve carbon neutrality by FY 2051
・Promote eco-friendly business by reducing environmental
impact substances throughout the product life cycle and by securing
water resource, etc.
2021 November Formulated the target of CO2 reduction
2021 December Signed up to TCFD
2022 October
Established CN (Carbon Neutrality) Committee,” and“Sustainability Promotion Office”

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Coexistence with the Earth and SocietyLighting for Your Safety［People, Corporate culture］

・Contribute to realizing SDGs theme such as “leave no one behind”,“well-being for all”
・Facilitate to create corporate culture and systems globallythat enable employees to strive for continuous challenge withmotivation, thus promote diversity and reform the way of work

〔Targets to secure diversified human resources〕
FY 2022
FY 2031
ResultTargetPercentage of women
1.4%
10.0%
in senior management
Percentage of foreign nationals
0.3%
2.0%
in senior management
Percentage of mid-career hires
7.5%
15.0%
in senior management

21Lighting for Your Safety

Management Plan 2030

・Consolidated net sales average growth 5% per year (average)
・Consolidated operating income ratio over 10%
1,400
Consolidated
net sales(billion Yen)
1,200

1,000

Globalautomobile
production
81.52
millionConsolidated
net sales

96.00
million79.60
million74.48
millionIncomeratio
over10%

800

600

400

Consolidated
21
operatingincomeNewratio(％)
business
1815

Existing
business

129

Consolidated
operatingincome ratio

6200

300

FY 2020

FY 2022

FY 2023

FY 203122

Lighting for Your Safety

Disclaimer

Lighting for Your Safety

The forecasts and forward-looking statements regarding Koito and its
affiliated companies shown in this document are based on assumptions
from available information at the present moment.
This includes risks and uncertain situation as economic trends,
intensified competition in the automobile industry, market trends, exchange
conversion rate, taxation and other regulatory.
Please be aware that the actual performance may differ from thisForecasts.

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