Aiming at harmony with the global environment and enhancement of our corporate value
The Tayca Group—founded in 1919—formulated the “MOVING-10” plan, our long-term management vision, in 2020 under the slogan, “Tayca Group creates materials that impress customers with the power of chemistry and delivers dreams and smiles to the world.” Thus, our new history began.
Understanding the three priorities of ESG—environmental issues, social issues, and governance—as our most important issues, we will conduct sustainability activities and endeavor to maintain a good relationship with stakeholders and harmony with the global environment, in addition to constructing businesses that create economic and social value through their management strategies. At the same time, respect for human rights and strengthening of governance are essential for supporting these activities. Therefore, we have specified the “Tayca Group Sustainability Basic Policy” and put it into practice.
Shunji Idei
Creating value for the Tayca Group
The financial and nonfinancial aspects of corporate activities do not exist independently. Management results are achieved when a company integrates these aspects. Therefore, we would like our stakeholders to deeply understand how the Tayca Group’s original strength, various resources, and efforts for ESG are utilized. As a result, sustainable value is created.
When I repeatedly asked and answered questions by myself about the Tayca Group’s value-creation process, one unshakable answer came to mind: we always place society and our customers in the center and perform our activities according to the basis of value. In other words, we focus on how we can contribute to them.
We have been conducting our activities as a chemical manufacturer while remaining close to our customers for a long time. Further, we have tried to impress them with achievements that extend beyond their expectations. In this process, “materials that impress customers,” our key focus were produced. The realization and provision of products and services that exceed expectations and predictions has led to our aforementioned management philosophy, “Tayca Group creates materials that impress customers with the power of chemistry and delivers dreams and smiles to the world.”
Further promotion of sustainability management
In our previous mid-term management plan, “MOVING-10 STAGE 1” of our long-term management plan “MOVING-10” (formulated toward 2030), we aimed at recovering from the decline resulting from the COVID-19 pandemic. We focused on activities emphasizing profitability, introduced the new personnel evaluation system, implemented the managerial human resources development project, and worked on the DX promotion project to improve work efficiency and productivity. From an environmental perspective, we set a target to reduce CO2 emissions and expressed our agreement with the TCFD (Task force on Climate-related Financial Disclosures).
In the new mid-term management plan, “MOVING-10 STAGE 2” was initiated in April 2024, and we are striving to recover business performance and increase corporate value by promoting and accelerating priority policies. Our most important aim is to promptly recover earning capacity and capital efficiency—goals that we could not achieve in “STAGE 1”—and put them on the ascending trajectory. Needless to say, “human resources” are the driving force for this purpose. I think we can achieve a working environment characterized by high motivation when more employees have a sense of ownership, consider everything as their own responsibility instead of leaving it to others, and perform their activities positively.
To our stakeholders
We will reinforce our Investor Relations activities during “MOVING-10 STAGE 2” for three years. Specifically, we aim to improve shareholder returns and activate dialogue. Regarding shareholder returns, we aim for 40% or more of the total payout ratio. Regarding the activation of dialogue, we will hold regular briefing sessions and interviews with individual and institutional investors.
We have a business that was selected as the global niche top business. To communicate our results to customers, we will strengthen our public relations activities, which we spent little time on previously, and distribute information systematically in the future.
Let me compare each of the Tayca Group’s businesses to trees. Each tree grows tall and forms a grove, and green shoots come from the ground, eventually becoming a large forest. I will have this vision as, together, we strive to achieve sustainable growth and create value.