The new integrated report, which covers fiscal 2014, succeeds the separate annual and CSR reports previously published.

Restructuring initiatives

This year, the report opens with a message from Teijin President and CEO Jun Suzuki about the background and aim of the Group’s Restructuring Initiatives and Transformation and Growth Strategies, which were announced in the Revised Medium-term Management Plan in November 2014.

“Our restructuring initiatives seek to build a solid foundation for future growth and advancement by accurately grasping the strengths that the Teijin Group has developed over the years and refining each of these strengths. To this end, we will rigorously narrow down our businesses based on the criteria of market growth potential, competitive edge and profitability, as we concentrate resources on growth fields,” said Jun Suzuki.

The report also includes the Group’s studies in value creation, which show how the company intends to leverage its management resources and unique strengths to realize sustainable growth and create value for society based on the Group’s corporate philosophy.

Financial results

In fiscal 2014, the Teijin Group posted consolidated net sales of EUR 110.57 billion. Operating income more than doubled from fiscal 2013 to EUR 5.50 billion, underpinned by a recovery in the Advanced Fibers and Composites business and the positive impact of restructuring initiatives, primarily in the Electronics Materials and Performance Polymer Products business.

Consequently, the company posted a net loss of EUR 1.14 billion, a change of EUR 2.31 billion from net income of EUR 1.18 billion in fiscal 2013.

Under the revised medium-term management plan announced in November 2014, Teijin is targeting operating income of around EUR 7 billion, net income of EUR 3.52 billion and ROE of over 8% in fiscal 2016.

Corporate governance

Regarding corporate governance and CSR activities, the report introduces the strategy management team and the Group’s corporate governance philosophy, identifying material CSR issues through dialogues with external experts and other means. It also covers environmental issues, which Teijin is addressing through the reduction of CO2 emissions and biodiversity conservation projects, and social issues such as diversity, industrial safety and health.

The report additionally includes Teijin’s operating segments and the strengths of each, financial data from the past 11 years and a complete financial report for fiscal 2014.

Teijin Group

Teijin is a technology-driven group offering advanced solutions in the areas of sustainable transportation, information and electronics, safety and protection, environment and energy, and healthcare.

Its main fields of operation are high-performance fibres, such as aramid, carbon fibres, and composites, healthcare, films, resin and plastic processing, polyester fibres, products converting and IT. The group has some 150 companies and around 16,000 employees spread out over 20 countries worldwide.

www.teijin.com