TEIJIN GROUP Corporate Profile

To Be a Company that Supports
the Society of the Future

h t t p s : // w w w . t e i j i n . c o mNames of products and services described in this brochure are either trademarks or registeredtrademarks of the Teijin Group in Japan and /or other countries. Other names of products and services
are either trademarks or registered trademarks of their respective companies.
The information contained in this Corporate Profile is as of the end of July 2024.
©2024 Teijin Limited. All Rights Reserved.
Issued in August 2024

To Be a Company that Supports the Societyof the Future by demonstrating Our Purpose
To realize its Long-term vision, the Teijin Group held discussions among employees globallyand formulated its Purpose (the meaning of our existence).
Fur thermore, to put this Purpose into action, we derived three Values from our Purpose.

Since its founding, the Teijin Group has valued foresight and the spirit of entrepreneurship,and by leveraging the diversity and strengths of its employees, we will work with ourcustomers to provide solutions to social issues, gaining the empathy of our stakeholders
and demonstrating our Purpose by caring for the global environment, the people who live
there, and all life on earth.
The philosophy system diagram expresses how we achieve our Long-term vision throughrealizing our Values based on our Purpose, expanding the possibilities of our future society.

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03

Solutions that
Support Society
Teijin supports peopleʼs lives
in various aspects acrossall areas of society.
This page shows some ofthese examples.

Ultra-light ceiling material
K A L-T E N ™ s o f t a n d u l t r a - l i g h tceiling material reduces damage to
people and objects in the event ofceiling collapse. Itʼs made of verticalnonwoven fabric of polyester fiber.

Primary structures of aircraft
Tena x T M c ar b on fib er re duce s theweight of aircraft and thereby reduces
fuel consumption and CO 2 emissions.
It is 10 times stronger than steel, but
the weight is one quarter.

High-value-added sports clothes
For sports and outdoor activities, wesell materials and clothes with highfunctionality, such as moisture-wicking, quick-drying and/or UV-blocking
features, as well as eco-friendly.

Home healthcare
We h e l p p e o p l e w i t h r e sp ir a to r ydiseases improve their quality of life byproviding them with home healthcare
devices and services, such as oxygen
concentrators and therapeutic devices
for sleep apnea syndrome (SAS).

Pharmaceuticals
In addition to focusing on pharmaceutic al s for “ b one and joint dis eas e s ” ,“respiratory disease”, and “cardiovascular and metabolic diseases”, we are
al s o at tr ibuting imp or tance to thet r e a t m e n t o f r a r e a n d int r a c t a b l e
diseases, for which more suppor t isneeded.

Battery boxes for EVs
Our proprietary multi-material techn o l o g y in cr e a s e s e nv ir o nm e nt al
efficiency and safety of batteries ofElectric Vehicles (EVs).

Services related to the Communitybased Integrated care system
In order to realize the Community-based
Integrated care system, we provide themulti-professional collaboration information sharing system VitalLink™ and operate Visiting Nursing Stations in Japan.

Automotive components
Applying Twaron® para-aramid fiberwith superior strength and durability
into tires and friction products such as
brake pads, dr ivers ʼ comfor t andsafety can be enhanced with reduced
noise and vibration.
Also, Panlite® polycarbonate resin,
Multilon® Polycarbonate /ABS based
polymer alloy and Panlite® film reduce
the weight of car body and increasein-car comfort by controlling the noiseand odor in the car, when used as amaterial for exterior parts and interior
parts.

Firefighterʼs uniforms
Teijinconex® meta-aramid fiber contributes to the comfort and safety of firefighterʼs uniforms. It has a heat resistance ofover 400 C and a superior flame resistance.

Tennis racket frames
Smartphone devices
Panlite® polycarbonate resin withboth a high refractive index and a lowbirefringence index, downsizes
smartphone cameras, while further
improving their performance. Moreover, LIELSORT® innovative separator
increases safety and lifetime of lithium-ion batteries.

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TenaxTM prepregs, intermediate mater ia l s ma d e b y p r e - im p r e gna t in g
carbon fiber sheet with resin, makespor ts gear such as tennis racket
lighter, stronger and more durable.

Functional food ingredients
BARLEYmax TM special barley contributes to a healthy diet. It contains about
twice as much total dietary fiber as
ordinar y barley and is used in riceballs sold at convenience stores andothers.

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Our Products and Services
Teijin strives to foster chemistry beyond the scope of its businessand is creating products and services that support our daily life.

Materials Business

Fibers andProducts Converting Business

Teijin provides solutions to increasingly complex social issues,
focusing on 3 areas: Mobility, Infrastructure & Industrial applications, and Healthcare.

Healthcare Business

Making use of the long-established business

New Businesses

Providing solutions in consideration

Realizing a comfortable andof the global environment across a range of fields

sustainable lifestyle with the power of fiber

Teijinʼs diverse materials are used in a wide range ofIn the fields of both apparel and industrial materials,

To help people lead healthy lives in their own way,

We are expanding into new businesses that leverage thefields, from clothes that protect people working in

we have been working to diversify applications and to

Teijin has long been conducting its healthcare busi-

technological strengths we have been cultivating overdangerous environments to industrial products suchcreate new markets with an integrated supply systemness centering on medicine and home healthcare.

many years. Such businesses include the development

as automobiles, aircraft and electronic devices thatcovering everything from research and development

Focusing on rare/intractable disease areas, we aim toof separators for lithium-ion secondary batteries thatare essential to daily life. By combining various tech-

up to the final products. We are enhancing initiatives

provide new value by combining pharmaceuticals andhave excellent heat resistance and adhesive properties

nologies and functions, we address increasingly com-in new business areas centered on sensing technolo-

medical devices with our business platform cultivatedas well as the development of regenerative medicine

plex social issues.

gies, as well as working to expand markets in growing

over many years.

and cell therapy products. We are also pursuing afoundation to help people needing
more support to solve their problems

Taking on the challenge of creating new value
by utilizing the Teijin Groupʼs core technologies

areas such as mobility, the environment and infra-

contract development and manufacturing organization

structure.

(CDMO) business. We aim for early business expansion
and profitability through strategic resource allocation
based on future business potential.

AramidCarbon fibers
High-performance materials
and products that
New business combining
support safety and high-performance fibers andHigh-value-added sports
security in daily lifeand fashion textile fibers
sensing technologies

Composites

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Resin and
Plastics Processing

Pharmaceuticals

Home healthcare

Separators/Membranes

Functional food ingredients

Regenerative
medicine

Implantable medical
devicesComprehensive community
healthcare-related business07

Keep on Challenging
08

Keep on Challenging

Constant dripping
wears away a stone.

Seita Kumura

Teijin’s corporate DNA —carrying on the legacy
by pushing through reforms
and embracing challenges
In 1918, Teijin was founded as Japanʼs first manufacturer of artificial
silk, later called rayon. Since then, against a background that
included world-shaking events such as wars and oil crises, Teijin
has been overcoming difficulties and fostering its own evolution toconsistently take on the challenge of pioneering new businessdomains. As society and lifestyles change, Teijin adapts accordingly
in order to become a company that supports the society of the
future. To this end, no matter what circumstances arise, Teijin will
never shy away from the next challenge.

1904
Taking on the challenge ofmanufacturing rayon in Japan
Rayon was commercialized in Western countries during the periodaround the end of the 19th century and beginning of the 20th century, becoming an instant hit around the world as a substitute forraw silk. In 1922, total global production of rayon came to exceedthat of raw silk. Around the same time, Naokichi Kaneko, Seita
Kumura and Itsuzo Hata started to conduct research to develop
technology for the domestic production of rayon in Japan.

1915
Achievements driven by the passion of
the three founders
A factory to produce artificial silk has been established in Yonezawa in 1915 as a branch factory of Azuma Leather, which isunder the control of Suzuki Shoten. Although encountering difficulties early on in developing a stable method for producing thefiber, through a determined process of trial and error they were
eventually able to establish a technology for stable production by
the end of 1917. In 1918, they launched Teikoku Jinzo-Kenshi
Kaisha, Ltd, renamed Teijin Limited in 1962. Demand for domestic
products increased with the escalation of World War I, and thecompany began a dramatic expansion of its business.

1931
Golden age and subsequent decline
Driven by the war boom, various economic stimulation measures, and improved product quality and processing technology, demand for rayon continued to expand until finally Japan
topped the world in terms of rayon production. In 1933, during
the golden age of Japanʼs rayon industry, the companyʼs shareswere listed on domestic stock exchanges. Subsequently, however, due to changing circumstances and a shortage of materials, the production of rayon decreased sharply. Even after
Japan entered its high economic growth period, the textile
industry continued to suffer from overinvestment in plant andequipment, and rayon followed a trajectory of decline.

Itsuzo Hata

Naokichi Kaneko

Challenge
Using proprietary technology todevelop synthetic fiber Teviron®
In 1948, the company began to conduct research into
synthetic fibers. Despite the research being frequently
suspended due to the unavailability of materials, thecompany finally succeeded in developing a polyvinyl
chloride fiber in 1955. The new product was named
Teviron® by combining the “ Te” of Teijin with the “vi ” ofvinyl and the “ron” of the spelling of nylon in the Japanese katakana syllabary, which is used for foreign orloan words. The company promoted the sales of Teviron® for use in clothes, household items and a range ofindustrial products and received prizes for this highly
technologically advanced product, including the fifth
Okochi Memorial Grand Technology Prize, Onshi Invention Award from the Japan Institute of Invention andInnovation and others.

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Keep on Challenging

Effortsbear fruit

1968

2008

Promoting diversification bymaking effective use of the base technology

Providing solutions from the viewpointsof customers and the market

Teijin had remarkable success in the development of its Polycarbonate (PC) resin
business and Polyethylene terephthalate (PET) film business and as a result sales of
its chemical products increased about 20-fold over the decade starting from thelatter half of the 1960s. At the same time, the company proactively launched new
businesses, including those related to oil development, food, lifestyle, informationand pharmaceuticals. It made particularly impressive progress in the field of pharmaceuticals business and continued to expand the businesses under the strong
leadership of senior management as well as through bold investments in R&D and
the implementation of diverse initiatives in partnership with other companies.

Teijin pushed ahead with organizational reforms and business development to provide solutions from the viewpoints of customers andthe market. We focused on high-performance fibers and enhanced
the downstream business of resin products. In composite materials,
Teijin reduced “takt time” to about one minute for the manufacture ofSereebo® carbon fiber reinforced thermoplastic (CFRTP), thereby
becoming first in the world to mass-produce this material. Sereebo®
CFRTP was selected as the material used to make the pickup boxes ofGeneral Motorsʼ pickup trucks.

Challenge
Entering into the field of bone andjoint diseases in the pharmaceutical business
Following our success in synthesizing active vitamin D3 through in-house drug
discovery, in 1980 the active vitamin D3 preparation for kidney failure named Onealfa®
became our first product in this area to be approved for manufacturing. This preparation was expected to foster the absorption of calcium and support bone metabolism,
and so we thought it would also contribute to the treatment of osteoporosis. At thattime, osteoporosis was not widely recognized in society as a disease and no drug
development method had been established for it. By applying technology then owned
by our film business to quantify the contrasting density of films, we developed themicrodensitometry (MD) method to easily measure bone mass based on the photographic density of a bone. By collecting a lot of data from healthy people for the diagnosis of osteoporosis, we were able to show that active vitamin D3 helps increasebone mass. Subsequently, in 1983, we obtained approval for the use of Onealfa® forthe treatment of osteoporosis. The Teijin Group thus took an important step toward
the present development of its business in the field of bone and joint diseases.

1980
Initial product package of independently developed Onealfa®,
our first product in its field to be approved for manufacturing

1992

2018
Celebrating the 100th anniversary of
the Teijin Group
Teijin reaffirmed its commitment to continuing to provide solutions for the advancement of society as a company that believesin “chemistry that puts humanity first.”

Challenge
Cardiovascular Surgical Patch
We have developed a novel cardiovascular surgical patch byleveraging our polymer-based product design technology andmedical device development know-how in collaboration with
Osaka Medical and Pharmaceutical University and Fukui
Tateami Co., Ltd. Used in the surgical treatment of patients withcongenital heart disease, the patch expands as the patient ʼsbody grows so as not to inhibit the growth of new tissue and isthereby expected to reduce the risk of re-operation. The patch
was launched in the Japanese market in June 2024 following
considerable development efforts.

For eternity
Changing endlessly

Challenge
Technora®, premium para-aramid fiber,
enabling space exploration
Technora® played a critical role in the structure of the landing
parachute of NASAʼs Mars Perseverance Rover, launched in 2020.
In view of the unprecedented challenge, the parachute system
had undergone an extensive set of demanding tests. Especially, it
had proven it could support an inflation load of 31,751kg (almost
70,000lb).The challenging surface conditions on Mars included
average temperatures of -63 C, frequent dust storms, andatmospheric electricity. Prior to this challenge, Technora® was
also used on the Mars Curiosity Rover in 2012, where theparachuteʼs suspension cords had to withstand a 9G force during
the landing – about 27,000 kg (59,525 lb).Technora®, withoutstanding strength-to-weight ratio, enables space exploration.

Embracing a string ofchallenges to establish a robust organization
In the 1980s, Teijin expanded its business relating to a meta-aramid fiber called Teijinconex®,
which it had launched in 1971, and started the production of a para-aramid fiber
named Technora® in 1987. Also, in 1980, the company started to sell Venilon®, the firstpharmaceutical product it had developed independently, having had no previous experience in developing a pharmaceutical drug. The drug quickly became a hit in themarket and had become a leading product within two years of its debut.

@JET Propulsion Laboratory

The landing parachute of NASAʼs Mars Perseverance Rover

2024

Committing to environmental management
In 1992, Teijin formulated the Teijin Group Global Environmental Charter and Global Environmental
Activity Goals and launched the material recycling business as part of its environmental management effort. Then in 1995, the company started to manufacture and sell ECOPET®, polyester fibers
made from recycled PET bottles. This subsequently led to the establishment of a fiber-to-fiber recycling system. In 2000, Teijin acquired the business of a para-aramid fiber Twaron® from Dutch company Acordis B.V. in order to start conducting operations in this high-value-added product field, while
launching the chemical recycling of PET bottles. In 2008, it established a Composites Innovation Center
to begin R&D on composite materials, which ushered in an age of new value creation by the company.

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Keep on Challenging

Cardiovascular surgical patch, potentially a new option for patientswith congenital heart disease

Formulating the Purpose and Valuesof the Teijin Group
Under this new Purpose, the whole Teijin Group will embracechallenges to achieve our Long-term vision to be a company that
supports the society of the future.

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To Be a Company that
Supports the Society of the Future

PurposeTo ensure a healthy and bright future for the global environment and all life on the planet, Teijin will provide
innovative solutions that minimize impacts on the environment and society, contributing to solving social issues
as "A company that prioritizes the health of the planet, protects the environment, and supports a circularsociety, and "A company that resolves issues for patients, families, and communities in need of greater
support.”Pioneering solutions together for a healthy planet
A Company that Supports the Society of the FutureLong-term
visionPrioritize the health of the planet,
protect the environment, and support a circular society

Resolve issues for patients, families, and communities
in need of greater support

Development of functional materials and processing / solution-based
businesses in the Mobility, Infrastructure & Industrial markets

Development of solutions for rare / intractable diseases
by harnessing home healthcare service platform

Climate change mitigation andadaptation

Safety and security of people andlocal communities

Achievement of a circular economy

Realization of healthy andcomfortable living for people

Key social
issuesKeymanagement
issues12

Further strengthening of sustainable management base(corporate governance, risk management, compliance, human resources, technologies)

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Climate change mitigation and adaptation

PROJECT STORY

Achievement of a circular economy

ipating a recovery of such demand we are now fostering
the development of intermediate materials for adoption
in aircraft.

To go carbon neutral
Primary structures including the main wings and fuselage account for a large proportion of an aircraftʼs total
weight. Accordingly, by using carbon fiber intermediatematerials to reduce the weight of an aircraft, its fuelefficiency can be substantially improved, which will inturn help reduce CO2 emissions for the entire fleet. In
Europe, where there is greater public awarenessregarding the environment and recycling, we havealready been requested by our customers to provide
them with a solution that includes a method to recycle
the materials and products that we have supplied tothem. We have already started to recycle carbon fibers
and will further pursue the possibilities provided bycarbon fibers to contribute to the creation of a sustainable society from a range of aspects.

For the future of
air mobility and society“I want to help make remote locations

closer through the power of materials.”
Creating an “aircraft of the future”
as one of the worldʼsleading carbon fiber manufacturers
As a Teijin Group company, Teijin Carbon Europe (TCE)engages in the Groupʼs carbon fiber business in Europe.
Specifically, it manufactures carbon fibers and also
develops and manufactures intermediate materials andcomponents by processing carbon fibers. Since its
founding, TCE has been providing innovative solutions ina range of fields, including aerospace, automobiles, civilengineering, medicine and sports. I joined Teijin Limited
in 2015 and was initially assigned to the department
engaging in the development of carbon fiber composite
materials to be used in the main wings and fuselages ofaircraft. I was later transferred to the department incharge of selling aerospace materials, where I provided

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Mizuki Sasaki
Aerospace Marketing, EMEA,
Teijin Carbon Europe GmbHcustomers in Japan and Asia with technological support.
In 2021, I was seconded to TCE in Germany, where I am
now working as an application engineer to provide customers in Europe with technological support while alsosupervising the progress of development projects.

Innovative material that isrobust but lightweight
Carbon fiber is 10 times stronger than steel with only aquarter of the weight. When most people pick up carbon
fiber products, they are surprised at how light they are,and the carbon fiber is indeed innovative in that it makes
robustness compatible with a lightweight design. Basically, carbon fibers are combined with resin and othermaterials to create composite materials which, due totheir high resistance against fatigue, rust and chemicals, are expected to be used in various applications.
Carbon fibers have been used in sports gear and bicycles since about 50 or 60 years ago, and they haverecently also been used more widely in automobiles andaircraft. In par ticular, Tenax T M , Teijin ʼ s carbon fiber
boasts the world ʼs top-level quality and market share,
being mainly used in aircraft. In fiscal 2022, sales of the
product increased for various applications, including
use in aircraft, wind turbines and recreational equipment. Demand for international passenger flights has
been dropping due to the pandemic, but as we are antic-

Providing solutions thatput people first
We are also working to increase the efficiency of our
production process as another big challenge. Until now,
Teijin has been supplying carbon fibers to aircraft manufacturers and intermediate materials manufacturers.
Going forward, however, we will shift our focus to the
manufacture of intermediate material s for use inaircraft construction. The aircraft industry was badly
affected by the pandemic on a short-term basis but themarket is expected to achieve further growth over thelong term and aircraft manufacturers will accordingly
make more aircraft, for which they need to increase theefficiency of their production processes. In response, wehave developed a method to substantially shorten thetime required to implement the process to harden the

Structural aircraft component made by using the TenaxTM carbon fiber

resin to be used in aircraft production from the traditional five to six hours to as little as 20 to 30 minutes byadjusting the combination of equipment and materials
used.
I was previously conducting manufacturing and development activities as an engineer, but now I am supporting customers in solving their problems, for which I visit
their sites in person to see how they use our products
and services. Teijin is thus going beyond simply supplying carbon fibers to customers to develop technologies
in consideration of their actual production processes,
which is another source of strength for the company.

Aiming for an “aircraft of the future”
Leading manufacturers in the aircraft industry, which
use a lot of carbon fiber, are based in the United Statesand Europe. Accordingly, Teijin has located its production bases for the carbon fiber business in theseregions. I am now working in Wuppertal in western Germany with colleagues from around the world. It takes along time to develop a product in the aircraft industry,
and the materials that we propose to our customers will
not be used immediately. We are therefore always looking ahead with the expectation that our materials will be
used in aircraft in 10 or 20 yearsʼ time.
As the use of carbon fibers continues to expand in theaerospace industr y, the cruising distance will also
increase to make places that are presently too far for us
to visit closer to us. As employees of a company that
supports the society of the future, we are working every
day to materialize this vision. Thinking about how thetechnologies that I have helped develop might be used in
the aircraft of the future gives me a lot of job satisfaction. I really hope to one day be able to fly on an aircraftthat uses materials I have worked on.

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Environment

Initiatives for the Realization ofa Sustainable Society

Teijin includes “ Climate change mitigation and adaptation” and “Achievement of a circular economy ” in its
issues of materiality and as such has been working to introduce green energy, reduce its energy consumption and improve its recycling technologies.

Climate change mitigation and adaptation

Achievement of a circular economy

Light, highly durable and safe automotive components

Successfully produced Twaron® using recycled material

In 2023, Teijin Automotive Technologiesʼ glass fiber sheet molding compound(GF-SMC), which is made by impregnating glass fiber with thermoset resin, wasadopted as a material for the doors, rear quarter panels and tailgate inner and outerpanels of Lotus Carsʼ new “Emira” premium sports car. Teijin Automotiveʼs TCA Ultra
Lite® glass fiber composite material is up to 40% lighter than conventional composite
materials but has excellent strength and durability. The material is E-coat oven capable, while providing the Class A surface expected for a premium vehicle.

With a great sense of accomplishment, we can share a major milestone: Teijin Aramid
successfully produced Twaron® using recycled feedstock. We are the first aramid
manufacturer in the world to use recycled material on trial aramid production. The
high-modulus filament yarn produced with recycled content has the same exceptional
strength and durability as our original renowned Twaron® fibers. The milestone shows
our dedication towards circular aramid. Going forward, Teijin Aramid will further
strengthen cooperation with partner companies and customers to promote thecollection and recycling of pre- and post-consumer materials, with the aim ofachieving circular economy.

Developing ECOPET® as a polyester fiber thatcan coexist with the Earth

Started production and sales of biomass polycarbonate resin

Since 1995, we have been manufacturing and selling ECOPET® polyester fiber as anenvironment-friendly material that was created to respond to resource depletion,
increasing CO2 emissions and environmental pollution. As a polyester fiber made fromrecycled materials̶namely, used PET bottles that have been through a material recycling
process and chemically recycled polyester fiber scrap that would otherwise end up as
landfill̶ECOPET® is used in a range of products including clothes, consumer goods suchas interior furnishings, and automotive interior parts and other industrial components.

We have obtained ISCC PLUS certification, an international certification for sustainableproducts, for polycarbonate resin (PC resin) produced in Japan, and we produce andmarket biomass PC resin products using the mass balance approach.These biomass
PC resin products have the same physical properties as conventional petroleum-based PC, making it easy for users to switch from conventional products andcontributing to reducing greenhouse gas emissions throughout the product life cycle.

Developing a new fuel cell unit and pressure vessel unit
In 2023, in order to promote the use of fuel cells and broaden the scope of their application, Teijin developed a fuel cell unit that integrates within itself all the components
necessary for fuel cell operation as well as a companion pressure vessel unit tosupply hydrogen to the fuel cell unit. By promoting the widespread use of the units invarious applications through examinations and trial use at construction sites, we arecontributing to reducing environmental impacts caused by CO2 emissions and others.

Establishment of Re:ism™ in response to issue ofplastic marine waste
In 2021, Teijin launched a new material recycling project for used polyester fishing nets incooperation with four companies specializing, respectively, in the manufacture of fishingnets, plastic molding, textile processing and resin treatment. Participants in the project
share roles in the supply chain from the collection of end-of-life fishing nets to the sale ofproducts made by recycling the nets into resin pellets and then using the pellets as raw
materials for the creation of new products, such as trays and stationery goods.

standards to precisely calculate the environmental impact caused byo n e o f t h e maj o r e nv ir o nm e nt al i s s u e s f a c e d b y ch e mi c al s

our production processes. These results are useful for our customers

manufacturers today. For Teijin Group, which is active in the materials

and end users, since they can then use these results to quantify theirindustry, this means developing products and solutions that can

own impacts further in the value chain.

contribute to creating a circular economy. To support this goal, in April

But conducting LCAs is only the first step toward achieving our targets.

2023, we established a new department for environmental solutions to

For Teijin to contribute to the realization of a sustainable society andBased on the calculation results, we will identify where we need to

conduct innovative R&D and business development activities on topics

become a company that supports the society of the future, we need to

improve and then take the necessary measures to reduce our impacts.

related to sustainability, such clean energy and circularity.

quantify the environmental impacts caused by Teijin Groupʼs businessWe aim to achieve this through internal innovation and collaboration

For the realization of a circular economy, in par ticular, we willa c t i v i t i e s . To m e e t t hi s r e q uir e m e nt , w e c o n d u c t l i f e c y c l ewith other stakeholders in the value chain.

cooperate closely with partners across the industry as we recognize

assessments of our products, in line with the ISO 14040 and 14044

Moreover, we also need to address the depletion of resources as this isthat we cannot do it on our own.

FOCUS

Quantifying environmental impact tomake further improvements

Smitha Sundaram, PhD
EU Sustainability Group,
Sustainability Development and Engagement Department

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Safety and security of people and local communities

oxygen concentrators installed in patientsʼ homes sothat we can provide management and troubleshooting
services while maintaining their privacy. To support
patients using our equipment and continue the supplyof oxygen to them even in the event of an emergency ordisaster, we need to do more than just supply theequipment and provide them with a 24-hour support
service. Accordingly, we station nurses and equipment
maintenance p er s onnel at our 124 s ale s office s*
located across Japan to provide patients with attentive
services.
* As of March 2024

PROJECT STORY

Aiming for a society
where everyone can receive
home healthcare services

Safety check records provide valuable datawith peace of mind

“I want to make Teijin an entitythat people can really rely on.”Developing Japanʼs first therapeutic
oxygen concentrator
Teijin Pharma is conducting business with a focus onpharmaceuticals and home healthcare. I belong to a
department related to home healthcare, which provides artificial respirators and CPAP equipment used
for the treatment of sleep apnea syndrome (SAS) as
well as oxygen concentrators. Teijin Pharma is the firstcompany in Japan to develop a membrane-type therapeutic oxygen concentrator. The company also engaged
in the development of a new treatment method called“ home oxygen therapy ” (HOT) for chronic respiratory
impairment patients, who had no choice but to be hospitalized. HOT enables patients to be treated at homeand has thus clearly helped them improve their Quality

Minako Uchida
Products Supply Management Department,
Teijin Pharma Limitedof Life (QOL). Moreover, the company urged the government to include HOT within the scope of national healthinsurance benefits and introduced an oxygen concentrator rental system for medical institutions as part ofits untiring effor ts to not only develop and sell theequipment but also popularize the therapy.

Providing solutions beyond simply
developing the device
Going even further beyond the development and provision of oxygen concentrators, we have also built up a
local support service system. Specifically, we provide
us er s of our ox ygen concentr ator s with supp or t
through our home nursing station, an around-the-clock
call center and a monitoring system using the cell
phone communication network. Also, we make use of
our D-MAP disaster response support system to checkthe safety of patients using the equipment in the eventof a disaster. We are now living in an age characterized
by uncertainty, and I think demand for such support
services will only increase.

Establishing an around-the-clock maintenance& management system
In order to ensure the safety of HOT, we need to establish a maintenance and management system for our

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PROJECT STORY

Realization of healthy and comfortable living for people

The maintenance and management system needs tokeep operating even in an emergency. Based on thelessons learned from the Great Hanshin-Awaji Earthquake and Niigata Prefecture ʼs Chuetsu Earthquake,
Teijin Pharma has been advancing its unique disastercountermeasures, including D-MAP.
If disaster strikes, those in charge at each sales officewill first check the safety of patients who are using ourox ygen concentr ator s for HOT. Under the D - M A P
system, reports sent out by local governments about
large-scale earthquakes exceeding the specified intensity and about flood damage and others will be automatically received by the system to identity users of
HOT equipment in the afflicted areas. We will then callthese users by phone to ask them about the following:
the operational status of the oxygen concentrator; howmu ch ox y g en is r emainin g in t h e c y l in d er ; t h eirplanned evacuation destination; and the availability ofan oxygen concentrator at such destination. If necessary, our representatives will visit the patient to offer
emergency support.

data accumulated by our company through the system.

Aiming to enhance the safety of patientsAt the time of the Great Hanshin-Awaji Earthquake, we
had not yet established a system like the present one
and so we used paper records to exchange information
within the company about patients using our oxygen
concentrators. It therefore took us about two weeks tocheck the safety of these patients. Based on the lessons lear ned from this exper ience, we created amanual on the home healthcare services to be provided in the event of earthquakes and other disasters
and increased the stock of oxygen cylinders. Then theexperience of the 2007 Chuetsu Earthquake in Niigata
Prefecture led us to build the D-MAP system.
We subsequently continued to improve the system
based on our experiences with the Great East Japan
Ear thquake, Kumamoto Ear thquake and otherlarge-scale disasters, and now we can use the system
to obtain information in real time. I hope that we will beable to link local governments and medical institutions
with the system for speedy data sharing, but this is noteasy due to the need to protect personal information. I
would like to tackle this issue as one of the challenges
to be met in the future.

Providing solutions that put people first
Only 10 minutes after the occurrence of the Great East
Japan Earthquake, about 25,000 users of our oxygen
concentrators living in the afflicted areas were identified and we implemented necessar y measures forthese people in cooperation with local governments
and medical institutions. Our employees visited thepatients in person to evaluate their situation, and I
think forming close connections with patients throughsuch people-oriented services has given Teijin a boost
in terms of its strength.
All records of our disaster responses are kept by thecompany as valuable data. These data help us to share
information about circumstances and measures taken
in disaster-afflicted areas across the country and todevelop even better systems and products based on
past experiences.
At our department, we worked on building a system forsharing safety data with partner medical institutions,and now we can provide these institutions with the

Our employee, delivering oxygen cylinders to one of the afflicted areasof the Great East Japan Earthquake

To provide peace of mind in the society of
the future
We aim to make our company one that is relied upon by
medical practitioners and patients in ever y region.
Wanting to make Teijin an entity that people can truly
depend on, we are working tirelessly to make improvements. Disasters such as ear thquakes, heav y rain
events and others have recently been occurring more
frequently. Under such circumstances, I hope we will
be able to make use of the safety check data collectedfrom across the country to help people living in thesociety of the future to enjoy greater peace of mind.

19

Aiming for the further growth

In order to become “a company that supports the society of the future,” we will continue to grow by leveraging ourstrengths in various fields and enabling our diverse employees to demonstrate their individual abilities.

Basic strategy for growth investments

Realizing our value by “Fostering growth through diversity and expertise”

The Teijin Group will allocate resources to investment targets that will contribute to sustainability and the acquisition oftechnologies and customer bases, primarily in the mobility, infrastructure, industrial and healthcare sectors, where we canleverage growing markets and our strengths in polymer chemistry and synthesis technology.

The Teijin Group regards human resources as the ultimate management capital.

Infrastructure &Industrial

Examples of target markets
and growth areas

Mobility

Expansion driven
by electrification/
digitalization

Expansion driven
by renewable energy
and sustainability

Needs for thermal control to
expand, driven by electrification and automation ofvehicles and their components

Intercontinental transmission
demand to increase due tospread of renewable energy.
Submarine power cables
require lightweight, durable,
and corrosion-resistantmaterials

Healthcare

We provide an attractive working environment and support our diverse employees in their autonomous careerdevelopment so that they can achieve personal growth and lead full and rich lives.

Autonomous career development support and global job postingWe support our employees in their autonomous career development so that theycan enhance their expertise, achieve professional development, and maximize theircapabilities. In addition to inviting employees to apply for positions of their choicethrough our internal recruitment system, we also encourage them to engage inoptional online training. Going forward, we plan to expand job postings globally.

Expansion in rare/
intractable disease areas
Of approx. 7,000 rare diseases,
95% have not treatment drugs.
Many intractable diseases
require long-term home careand support

Granted the highest rating for four years in a row

Environment where members of a diverse workforce can thrive
We promote DE&I on a global basis, recognizing that a diverse workforce drives
innovation. We set KPIs to enhance diversity at decision-making levels andimplement planned training and promotion. Additionally, we take actions on issues
identified through regular engagement surveys. We will continue to nurture anorganizational culture where employees from all walks of life can thrive.

D&I AWARD
Index to evaluate diversity promotion
measures taken by companies

Granted the highest rating for three years in a row

Flexible working arrangements and health management
For work-life balance, we have implemented systems that allow for flexible
working arrangements, including remote work and flextime. Additionally, we offer
parental leave for both male and female employees, long-term nursing care leave,and leave to accompany a spouse who has been transferred overseas. Teijin has
also issued the Teijin Group Health Management Declaration emphasizing
workplaces that promote employeesʼ mental and physical well-being.

Our initiatives

work with Pride
Index to evaluate LGBTQ-related
measures implemented by companies, etc.

The Certified Health &Productivity Management Outstanding
Organizations Recognition Program
Index to evaluate listed companies
in terms of health and productivity management

Selected for seven years in a row
For details about our diversity &inclusion efforts, please scan
the QR code.

Cables made from Twaron® para-aramid fiber adopted
as mooring lines for demonstration of floating offshore wind
power generation
Twaron® makes it possible to produce lightweight tendons with a minimal stretch and high breaking
load, all while maintaining the lowest diameter. Teijin Aramid has also committed to taking back themooring lines after end-of-life for recycling. This helps keep the oceans clean and helps secure asustainable future.

FOCUS

Overseas practical training programEntering into license agreement for hormone therapy targetingrare endocrine disorders

20

with an overseas network and a global perspective
Through the three-month training program, I met more than 130 people, including
venture capital representatives and U.S. Food and Drug Administration examiners, and learned how interpersonal relations are built in the United States. I also
learned about overseas trends in the healthcare industry and became concerned
about the limited amount of information that is available in Japan. After returning
home, I therefore began to follow overseas macro trends and developments moreproactively and held meetings with offshore companies, thereby improving thequality of my work. R&D competition in the healthcare industry is getting more
and more fierce, which makes it more important for us to find partners for open
innovation. By taking advantage of the network and mindset that I built throughthe training, I intend to make contributions to the business as a researcher armed
with a global perspective.

Offshore wind power generation

Teijin Pharma has signed an exclusive license agreement with Ascendis Pharma (Denmark) for
research, development, manufacturing, and sales in Japan of hormone therapy drugs that are
currently under development and which will treat rare endocrine diseases. Going forward, we willproceed with preparation for clinical development, and manufacturing and marketing approval inorder to bring the drugs to market in Japan. This agreement is part of our efforts to expand ourpipeline by introducing pharmaceuticals, medical devices, and new services in the field of rare andintractable diseases. The Teijin Group will continue to work toward its vision of becoming “acompany that resolves issues of patients, families, and communities in need of greater support.”

Making more contributions to research

Products for overseas

Takuya Inagaki
Implantable Medical Device Strategy Department,
Regenerative Medicine & Implantable Medical Device Division,
New Business Development Unit

21

Sustainability

Partnership with the Envision Racing Formula E TeamThe Teijin Group supports the activities of the Envision Racing Formula E
Team, which exists to inspire the generations to tackle climate change
and accelerate the transition to e-mobility and renewable energy.
Through this partnership, we are demonstrating our corporate attitude
towar d climate chan ge mitigation and adapt ation to a r an ge ofstakeholders on a global stage while also aiming to boost the profile ofour technologies and products that can help the automotive industry
reduce its environmental impacts.

To realize a sustainable society, we manage risks and opportunities for our company and promote various activities
related to issues such as corporate ethics and compliance, product liability (PL) and quality assurance as the basis of oursustainable business management. In order to minimize the impact of our business activities on the environment, wehave also established KPIs for greenhouse gases, water, hazardous substances and landfill waste and are bolstering our
initiatives. These efforts have given us an excellent reputation internationally, as evidenced by Teijin being listed on key
global socially responsible investment (SRI) indexes.

KPI

KPI aimed at
capturingbusiness
opportunities

Social contribution
Climate change

Our contribution to
CO2 reduction

FY2030Total CO2 emissions <CO2 reduction contribution

CO 2 reductions in downstream supply
chain due to use of productClimate change

FY203030% reduction

FY2050

Achieve net zero

Shift to renewable energy and clean
energy for heat sources

FY203015% reduction

Greenhouse gas emissions in Scope 3
Category 1

FY203030% improvement

Freshwater intake volume per sales unit

Our CO2 emissions

Aggregate target

Co-sponsoring
the All Japan High School Soccer Tournament

Supporting students in andoutside Japan through scholarship loans

As part of our effort to make social contributions through measures such as supporting
amateur and youth spor ts, we have been
co-sponsoring the All Japan High School
Soccer Tournament since 1991. We also
donate soccer balls made from CORDLEY®,
our artificial leather, to schools whose teams
represent their prefecture in the Tournament.

The foundation was established in 1954 to comm e m o r a t e t h e a c hi e v e m e nt s ma d e b y S e i t a
Kumura, a founding member of Teijin Limited. The
scholarship loan program is one of the oldest
offered by the Japanese corporate sector, andabout 1,700 students specializing in science andengineering have received financial support under
the program to date.

For details about our sustainability-related activities,
please scan the QR code shown on the right.

Climate change

Supply chain CO2emissions

KPIs aimed atstrengthening
Circular economy
businessplatform
Water

The Teijin Group reformed its governance system in 1999 to enhance its corporate governance ahead of others in the industry. We have

Circular economy

Waste

FY203020% improvement

Landfill waste volume per sales unit

also long been working to increase the diversity of the Board of Directors and the Board of Statutory Auditors, with the former having
has had female outside directors since 2018 and the latter having had female outside auditors since 2003. Furthermore, to ensure theindependence of the Board of Directors, meetings are chaired by an outside director and outside directors account for 50% of members.

Safety/Security

Hazardous substances

Corporate Governance

FY203020% improvement

Hazardous chemicals emission volume
per sales unit

In addition to the Nomination and Compensation Advisory Committee, which is composed of outside directors, the CEO and the chairperson (unless the position of chairperson is vacant), we also have an Advisory Board made up of both Japanese and international experts
to provide advice from the broad and long-term perspective to the Board of Directors. In addition, we are working to raise the aware-※ All KPIs for strengthening the business platform are target values set with FY2018 as the base year

ness of all Group employees of the Corporate Code of Conduct and the Corporate Standards of Conduct to enhance compliance acrossthe Teijin Group.

Corporate Code of Conduct of the Teijin GroupInternal carbon pricing
The Teijin Group established and introduced an internal carbon
pricing (ICP) system in fiscal 2020. We calculate the virtual
costs of our CO2 emissions based on our global internal carbon
price (€100/t-CO2) and use the results to reflect it on our investment decisions regarding capital investment, M&A andlong-term agreements on the procurement of renewableenergy. Through ICP, we will foster the implementation of
investment plans that contribute to the reduction of CO2 emissions toward the achievement of our long-term target for CO2
emissions reduction, while also preparing for possible rises in
the global carbon price.

22

Internal carbon
price(€100/t-CO2)

Adoption of low-carbon
equipment that iseventually cost-effective

Actual price

Equipment that emits CO2
in a large amountLow-carbon equipment

TOGETHER

We are united in building shared, sustainable values through mutual
respect for our unique differences.

ENVIRONMENT,SAFETY&HEALTH

We put the global environment, human safety and health as our top
priorities when conducting business.

INTEGRITY

We act with integrity in compliance with laws and regulations, and showrespect for human rights and the local communities in which we operate.

JOY AT WORK

We are committed to building a fulfilling and joyous workplace,where each of us is passionate about our work.

INNOVATION

We challenge ourselves for transformation and provide innovative solutions,anticipating the needs of our customers and society.

23

GLOBAL NETWORKFor details of our bases outside Japan, please scan the QR code or click the link below.
https: // www.teijin.com /about /group-worldwide /material /The Teijin Group has companies in more than 20 countries around the world, and about 20,000 employeeswith diverse backgrounds who are active on the world stage.

Teijin Carbon Europe GmbH
Teijin Automotive Technologies NA
Holdings Corp.

Teijin Aramid B.V.

Japan
Japan

56 companies
9,634 employees

EuropeNetherlands / Germany / Portugal /Czech Republic / France / Spain /Hungary /UK / Luxembourg

North America/Latin America/Oceania

22 companies
3,035 employees

40 companies
4,889 employees

US / Mexico / Brazil

Teijin Iwakuni Factory

Total
Asia
China / Thailand / Vietnam /Malaysia /Singapore / South Korea /Myanmar /India / Indonesia
Teijin Polyester (Thailand)
Limited24

167companies
21,834 employees
As of March 31, 2024

49 companies
4,276 employees

25CEO Message

Realizing our Purpose and Driving
our Values to Achieve our Long-term VisionCorporate Data
Company Name

Established

CapitalTEIJIN LIMITED

June 17, 1918

71,833 million yen（as of March 31, 2024）

Our Purpose, “Pioneering solutions together for a healthy

This year, we announced the 2024–2025 Medium-Termplanet,” represents the meaning of our existence. We put

Management Plan, with the objective of addressing social［Head Offices］

our Purpose into words through a series of direct com-issues as outlined in our Purpose. To maximize ourTokyo Head OfficeOsaka Head Office

Higobashi Officemunication with our employees, redefining our common

efforts, we will focus on key sectors in the fields of 1)

Kasumigaseki Common Gate West Tower

Nakanoshima Festival Tower West,

Higobashi Shimizu Building,values and re-visiting the meaning of our existence over

“ Mobility ”, 2) “ Infrastructure & Industrial ” applications,

2-1, Kasumigaseki 3-chome, Chiyoda-ku,

2-4, Nakanoshima 3-chome, Kita-ku,

3-7, Tosabori 1-chome, Nishi-ku,

the 100 plus years since Teijinʼs foundation. The Purposeand 3) “ Healthcare”. In addition, to address social chal-Tokyo 100-8585, Japan

Osaka 530-8605, Japan

Osaka 550-8587, Japan

expresses our strong sense of commitment to creating

lenges that are becoming increasingly complicated, we

Phone: +81-3-3506-4529

Phone: +81-6-6233-3401

Phone: +81-6-6459-2110

pioneering solutions for the health of the global environ-

will prioritize activity in these fields in the following

ment, the people and all life living on our planet, throughmanner: 1) “Mobility” - CO 2 reduction, extending the range

collaboration with employees and external partners whoof motorized vehicles, electrification and automation ofshare our values.

vehicles and their components”. 2) “ Infrastructure andWe derived three Values from our Purpose: 1) “Empower-

Industrial ” applications, - responding to renewable energy

ing ourselves to address challenges ” , 2) “ Fosteringand sustainability, and 3) “ Healthcare” - providing drugs

growth through diversity and expertise”, and 3) “ Safe-

for rare and intractable diseases as well as patient sup-guarding our planet and all life on it”. All of us at the Teijin

port.

Group will commit to this Purpose and work together to

We appreciate our stakeholdersʼ, including our employeeʼs

act on these Values to achieve our Long-term vision: “ Tocontinued support and cooperation as the Teijin Groupbe a company that supports the society of the future. “achieves further growth in the future.

Consolidated Financial Results
Net sales（Billions of yen）

Operating income

EBITDA ※1

ROE※2（Billions of yen）

（Billions of yen）

（％）

120

20.0

90

15.0

60

10.0

30

5.0
0

1,200

120

1,000

100

800

80

600

60

400

40

200

20

0

0

-30

0

FY2019FY2020

FY2021

FY2022

FY2023

FY2019FY2020

FY2021

FY2022

FY2023-5.0※1 EBITDA = Operating Income + Depreciation & Amortization※2 ROE = Profit attributable to owners of the parent company/
shareholder equity

Business Domain & Earnings Structure（Fiscal 2023）
Others5%High-performancematerials

Others
IT

25%

IT

7%

11%

5%

Materials

32%

Healthcare
President and CEO, Teijin Limited

14%

Net Sales

1,032.8

Materials

43%

EBITDA

92.4

Billions of yen

Billions of yen
Healthcare

Fibers &Products Converting

31%

26

33%

Composites

17%

Fibers &Products Converting

20%

27