Management Policy

Long-term Corporate Strategy "R.I.S.E. 2035"

In 2025, we formulated the long-term corporate strategy R.I.S.E. 2035 and articulated our vision for 2035 as Continuing to Provide ‘New Experiential Value’ Born from Rubber to Everyone. Leveraging our two strengths, Rubber and Analytical Technology and "Brand Creation Power, we will drive growth through Innovation Driven by Rubber, Strengthening Brand Management, and Building a Resilient Management Foundation. We will continue to deliver attractive new value to customers of mobility, sports, healthcare, and daily life. Through these efforts, we will contribute to developing of a prosperous and sustainable society for the future.

Mid-Term Plan 2023-2027

In the mid-term plan we started in 2023, we have promoted structural reforms by focusing on existing businesses and building foundations for growth, with the expected early achievement of the initial mid-term plan targets. Therefore, we will revise the goals in our long-term corporate strategy and continue to advance the mid-term plan.

Towards Realization of Management that is Conscious of Capital Costs and Stock Prices

The following are the measures taken to achieve management that is conscious of capital costs and stock prices.

As a result of these efforts, we aim to achieve a business profit rate of 10%, ROE (return on equity) of 10%, D/E ratio (debt-to-equity ratio) of 0.6, and ROIC (return on invested capital) of 8% by 2027.We will realize PBR 1 x or more by raising the bar for profitability of capital.

We consider the return of gains to shareholders to be a matter deserving of the utmost priority.
Accordingly, our basic policy is to ensure a long-term, stable stream of shareholder returns based on comprehensive consideration of dividend payout ratios,
aiming for a consolidated dividend payout ratio of 40% or more, while comprehensively assessing business performance prospects, retained earnings levels and other such indicators on a consolidated basis.

Furthermore, even if we undertake new structural reforms, we will ensure stable dividends by setting a standard of a DOE (Dividend on Equity) of 3% or more and a consolidated dividend payout ratio of 40% or more from 2026 onwards.