Kokuyo : INTEGRATED REPORT 2022 （10,352KB）

INTEGRATED REPORT

2022

What future does Kokuyo envisage?

A self-directed, collaborative society-a world that respects personal values and cherishes social bonds

A society that works for everyone is one in which personal freedom goes hand in hand with social cohesion.

This means that people can be themselves and explore their own ideas freely.

At the same time, people act empathetically, respecting one another's values and developing value together.

Horizontal connections between people, tools, and environments will provide new opportunities to collaborate for a better world.

This is the self-directed, collaborative society we envisage.

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What is Kokuyo's purpose?

Presenting a tomorrow you can't wait for.

We recognize that our vision of a self-directed, collaborative society is very ambitious.

The world is growing more complex than ever. The future might always remain unclear and precarious.

But we believe in the power of creativity and diversity to create a better tomorrow.

We can help foster creativity and diversity by offering new workstyles and new lifestyles.

People should be free, creative, and true to themselves, not bound by past

practices.

TAMAMI YANASE

We will always help people to express their authentic selves.

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What is the source of the value Kokuyo creates?

Co-creation with empathy underpinned by a practice of designing experiences and experimenting

The source of the value we create lies in co-creation with empathy-our ability to empathize with customers' needs and work together with customers to create new value.

Underpinning our empathic design is our practice of designing experiences, in which we visualize experiences, and our culture of experimentation,

in which we keep experimenting without fear of failure.

All these activities are inspired and guided by our philosophy: be Unique. The experiences our products and services deliver stimulate creativity, helping people express their authentic selves.

We will work with our partners in society to create new value together for a better tomorrow.

PHOTO FUMITO SUZUKI

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Integrated Report 2022

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Value System

The future we imagine

A self-directed, collaborative society

	Values				Purpose			Vision for 2030
	Co-creation	Presenting	WORK & LIFE
	with empathy
			a tomorrow you	STYLE Company
	A culture of
experimentation	can't wait for.		Shift to
	Designing					the "Forest-Type
	experiences				Management Model"

Our philosophy

Stimulate creativity and celebrate uniqueness.

Contents

• What Future Does Kokuyo Envisage?

• What Is Kokuyo's Purpose?

• What Is the Source of the Value Kokuyo Creates?

• Value System / Foreword

• Path of Business Growth

11 Financial and Non-Financial Highlights

01	13	Message from the President

13 Message from the President

0219 Value Creation Story

39 Furniture Businesses

41 Business Supply Distribution

43 Stationery Businesses

45 Interior Retail Businesses

47 Special feature The Campus

0451 Sustainability

51 Special Dialogue

53 Sustainable Business Strategy

55	Improve Wellbeing among Employees
	and External Stakeholders
56	Expand Business Fields through the
	Forest-Type Management Model
57	Safeguard the Planet as a Place for

Foreword

Last year (ended December 2021), we restated our philosophy and embarked on a program of transformation to achieve our next growth goal. For this year, we decided to publish an integrated report to give our shareholders and other stakeholders a better idea of our new strategic direction and how we aim to achieve sustainable corporate development and create value on the road to 2030 and beyond.

By reading this integrated report, you will discover how we derived our purpose from the future we envisage (a self- directed, collaborative society), how we defined our value-creation story and material issues (the issues that matter most to us and our stakeholders), and how we have aligned these issues with our business strategies.

You can also read the following messages from the members of the management team:

• Hidekuni Kuroda (President and CEO): Our long-term vision, purpose, and sustainable business strategy
• Toshio Naito (Corporate Planning, CSO): Our third medium-term plan
• Naotaka Umeda (Financial Administration): Our medium-term financial strategy
• Hidekuni Kuroda and Yukio Ida (Head of Sustainability): Dialogue on sustainable business strategy

This report also includes non-financial information describing our climate-related strategies and activities. This information is consistent with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), which we recently endorsed.

In compiling this report, we adhered to the Integrated Reporting Framework of the International Integrated Reporting Council (IIRC) along with the Guidance for

Collaborative Value Creation provided by Japan's Ministry of Economy, Trade and Industry.

Period to which this report pertains

This report pertains to the fiscal year ended December 31, 2021, but it also includes information that predates or postdates that fiscal year.

Disclaimer on forward-looking statements

This report contains performance forecasts and other forward-looking statements. Such statements are based on information available and on assumptions considered reasonable at the time of compilation. They should NOT be taken as assurances that the forward-looking statements will prove accurate. Actual results or future events could diverge markedly from forecasts for a variety of reasons.

19 Value Creation Story: Overview

21 Outline of the Two Fields

23 Vision for 2030: CCC 2030

25 Materiality: Key Sustainability Issues

0329 Business Strategy

29 Messages from Executive Officers

33 Third Medium-Term Plan: Field Expansion 2024

Work and Life

59 Endorsement of TCFD

61 Safeguard the Planet as a Place for Work and Life

63 Other Initiatives

69 Corporate Governance

73 Meet our Officers

75 Message from an Outside Director

77 Financial Information / Corporate Data

77 Eleven-Year Summary

79 Consolidated Balance Sheets

1. Consolidated Statements of Income
2. Consolidated Statements of Cash Flows
3. Stock Information
4. Corporate Data

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Integrated Report 2022

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