About Toyoda Gosei

Value Creation Story

Value Creation Strategy

Foundation of Value Creation

Data

History of Our Business Evolution and Value Creation
Through manufacturing that leverages our unique technological capabilities in the rubber and plastic fields that
we have cultivated since our founding, we respond to the needs of the times and provide new value to the world.
Founding to 1970s

1980s to 2000s

Carrying on the spirit of Kiichiro Toyoda to develop rubber and plastic parts

Growing into a global company through commitment to research and development

In the late 1930s, Kiichiro Toyoda, who recognized theimportance of rubber parts, established a rubber research
department within the automotive division of Toyoda Automatic
Loom Works. This was the origin of Toyoda Gosei. Kiichiro
Toyoda would later go on to found Toyota Motor Corporation.
Kiichiro’s passion for research was carried over to Nagoya
Rubber Co., Ltd., which was established in 1949.
In the 1950s, Nagoya Rubber focused on the development andproduction of rubber parts for automobiles, and became thefirst JIS-certified plant in Japan to manufacture hydraulic brakehoses for automobiles. Nagoya Rubber also took on theAs a member of the Toyota Group, our development andproduction of rubber and plastic parts for automobiles
has expanded into various fields since the 1980s.
As a polymer manufacturer, we aim to be a developmentoriented company and have strengthened ourdevelopment capabilities by establishing the Kitajima
Technical Center in 1995 and the Miwa Technical Centerin 2009.
We also turned our attention to fields in other industries,
and based on our thin-film formation technology
developed in the automotive parts business, from 1986,

1949

challenge of producing plastic steering wheels, which had
previously been made of hard rubber. In 1954, the injection
molding process was used to produce plastic steering wheels
for Model FA trucks, and later, the same process was also used
for the plastic steering wheels in the Toyopet Crown model.
From the 1960s onward, Nagoya Rubber expanded its businessas Japan’s automobile industry continued to grow and develop.
In 1967, the Company opened the Inazawa Plant to produce
plastic parts by injection molding, and subsequently expanded its
production bases mainly in the Owari area. In 1973, the Company
changed its name to the current Toyoda Gosei Co., Ltd.

196019701980

we took on the challenge of researching blue LEDs,
whose development had numerous technological hurdles
that were considered difficult to overcome. In 1995, wesucceeded in achieving mass production of blue LEDs.
Until the end of the 1980s, Toyoda Gosei’s overseas
markets consisted of Taiwan and North America under afour-company system, but in the 1990s, we accelerated
our overseas expansion. Following North America andAsia, we expanded to Australia, Europe, Central andSouth America, and Africa, and have now grown into aglobal company with 62 overseas companies.

1990

Knowledge in the Fields of Rubber and Plastics

2000
World’s first
World’s first

1974

Instrument panels

1950

Weatherstrips

1953

Brake hoses

1954

Plastic injection
steering wheels

Sound insulating
glass runs

1961

1989

Piston cups

1977

Constant velocity joint boots

Experience in Developing
New Businesses

1997

Driver-side airbags

1982

Rubber recycling
technology

The challenge of developing airbags

In 1952, at the suggestion of Toyota MotorCo., Ltd., one of our major customers, weinstalled a 48-ounce injection molding
machine manufactured by Watson-Stillman
Co. of the United States. While some wereapprehensive about adopting injection
molding, which was still an excessive
investment even with financial support fromToyota Motor Co., Ltd., we took a leap of faithand succeeded in putting the equipment intooperation. This marked the beginning of theage of plastics for automotive parts.

Injection molding machine

1998

Curtain airbags

Plastic fuel filler caps

The challenge of developing plastic
injection steering wheels

Rubber Research Department,
Toyoda Automatic Loom WorksWorld’s first

1982

1986

World’s first

Toyoda Gosei boasts the top share in theJapanese airbag market. It is easy toassume that Toyoda Gosei began toproduce airbags as part of its steering
wheel manufacturing business, but infact, the Company felt a sense ofurgency over new commercial rights for
Toyota Motor Corporation’s first airbag,
and the Company felt that it had todevelop airbags as quickly as possible,
resulting in a bold new challenge against
fierce development competition.

1991
Successful developmentof blue LEDs is certified

Start of R&D for blue LEDs

2003

Millimeter wave
radar-compatible
emblem

2008

Plastic fuel filler pipes

World’s first! Successful development of blue LEDs
LEDs are being used in a growing range of fields asan environmentally-friendly light source because of
their superior energy-saving performance. It was thecommercialization of blue LEDs in the 1990s thatmade LED products possible. In 1986, under theguidance of Professor Isamu Akasaki of Nagoya
University’s Faculty of Engineering and with thecooperation of Toyota Central R&D Labs, Toyoda
Gosei began developing a gallium nitride (GaN)based blue LED, which was certified as a success in1991. Until then, the development of blue LEDs wasthought to be impossible. The challenge, which was
the first of its kind in the world, was a series ofuncertainties and obstacles.

2007
Start of R&D for e-Rubber

Global Network
2000

1957
1949

Nagoya Rubber Co., Ltd. isestablished as a spin-off ofthe rubber research divisionof Toyota Motor Co., Ltd.

12

Haruhi Plant
begins operation

1967

Inazawa Plant
begins operation

1973

Company name is changed to
Toyoda Gosei Co., Ltd.

1976

Morimachi Plant begins operation

1977

U.S. Office is established in Illinois

1995

1980

Head office is relocated topresent location(Kiyosu, Aichi Prefecture)

1982

Bisai Plant begins operation

1989

Kitajima Technical Centeris established

1999

Toyoda Gosei Minda India Pvt.
Ltd. is established2006

Toyoda Gosei(Shanghai) Co.,
Ltd. is establishedTG Missouri Corporation isestablished

Toyoda Gosei North America
Corporation is established2008

Toyoda Gosei Europe
N.V. is established

2001

Toyoda Gosei Asia Co.,
Ltd. is established2009

Miwa Technical Center isestablishedT OYODA GOSEI REP OR T 20 23

13

History of Our Business Evolution and Value Creation and Our Competitive Advantages

2010s to Future

Contributing to the future with a focus on safety, comfort, and decarbonization
The 2010s brought new challenges for companies, such asmeasures to prevent global warming and the achieving of asustainable society. In the automotive market, vehicles that do
not rely on petroleum fuels, such as BEVs (battery electricvehicles), are expected to play a leading role in the future,
forcing major changes.
We have developed high-pressure hydrogen tanks for FCEVs(fuel cell electric vehicles) using our polymer technology. Thistank, jointly developed with Toyota Motor Corporation, is being
used in Toyota’s second-generation Mirai model, which started
mass production in 2020. In response to the shift to BEVs, wewill contribute to the reduction of traffic fatalities by offering

2010

optimal solutions for airbags and seat belts that accommodate
the changes in vehicle structure, and we will also innovate
vehicle design and manufacturing with our polymer technology
for realizing new mobility. Also, we will develop and recycle
high-performance materials by utilizing our expertise in polymer
materials, and will not only utilize our developed materials andtechnologies within the Company but also sell them outside theCompany, and through these new businesses, we will contributeto achieving a decarbonized and recycling-oriented society.
We will continue to provide value to society in the three areas ofsafety, comfort, and decarbonization through the use of polymer
technology.

2020

Knowledge in the Fields of Rubber and Plastics
World’s first2020

2010

Lightweight opening
trim weatherstrips

2017

Large radiatorgrilles

2023

Miniature wireless charging holder

Extra-large spindle
grilles

2021

Driver-side airbags for better
protection in angled frontal collisions/
Pedestrian protection airbags

High-pressurehydrogen tanks

2022

Millimeter wave compatible emblem
that emits light2019

Plastic turbo ducts/
Battery cases

2023

CNF reinforced plastic

Experience in Developing New Businesses

2021

UV-C LED high-speed
surface disinfectors

2021

2010

2019

Start of R&D for GaN
power semiconductors

Development withEBM Corp. of theSupeR BEAT heart
surgery simulator thatuses e-Rubber

Smart insoles

2020

UV-C space disinfectors, which
use UV-C (deep UV) LEDs, arelaunched. UV-C (deep UV) LEDs
are confirmed to be highly
effective in neutralizing COVID-19

2022

Success in making larger GaN
substrates for next-generation
power semiconductors

Global Network
2013

Toyoda Gosei East JapanCo., Ltd. is established2013

GDBR Industria e Comerciode Componentes Quimicos
e de Borracha Ltda.
is established

14

2014

Toyoda Gosei Irapuato
Mexico, S.A. de C.V.
is established

2018

2019

PT Toyoda Gosei
Hubei Toyoda Gosei
Indonesia is established Zheng Ao Rubber And
Plastic Sealing TechnologyCo., Ltd. is established

2020

Inabe Plant begins operation