1-6, Yaesu 1-chome, Chuo-ku, Tokyo 103-8284, Japan

Head O�ce

Osaka Branch O�ce

Nagoya Sales O�ce

Utsunomiya Sales O�ce

Tel: +81-(0)3-3279-0771 Fax: +81-(0)3-3246-0645

Tel: +81-(0)6-6399-9771 Fax: +81-(0)6-6399-9781

Tel: +81-(0)52-253-6271 Fax: +81-(0)52-253-6448

Tel: +81-(0)28-678-9117 Fax: +81-(0)28-638-5380

The company names, company logos, and product names herein are trademarks or registered trademarks and the property of the respective companies. English Version

JQA-EM4908 JQA-QM8795TECHNICAL CENTER

2

Message

TOYO Corporation has been contributing to Japanese industries through the provision of the world ’s most advanced

“measurement technologies” as its core competence. In order to play a role in enabling Japan as a technology-driven nation to

demonstrate its technological prowess to the world, we introduce the latest measurement instruments and technologies from

around the world in such areas as Information Communications, Automobiles, Sustainable Energy and Environment, EMC

self-developed products that utilize the technological know-how in measurement obtained through decades of experience.

The 3-year medium-term management plan “TY2021,” which was formulated in 2018, started smoothly and has entered its second

year successfully. Capital investments related to “5G (5th generation mobile communication system)” in the information and

communication industry and “CASE (Connectivity, Autonomous, Shared and Services, and Electric)” in the automobile industry

present major business opportunities for us. We will capture the momentum and work together as a team to promote “TY2021.”

We have now started on a growth track. Please look forward to the continued success of TOYO Corporation as we take on

challenges for further growth.Masaru GomiPresident and CEO

| Nobuyoshi Akiyama Outside Director | Masataka Kashiwa Outside Director

Directors

Corporate Philosophy

Shuuzou TotokiDirector, Executive VP, CFO

Toshiya KohnoRepresentative Director, Executive VP, COO

Mitsuru OnoderaDirector, Senior VP

Noriyuki KatoDirector, Senior VP

Yasushi KumagawaDirector, Senior VP

3

Creating the Future with “Measurement Technologies”

Creating the Future with Measurement TechnologiesAs a leading company in measurement technologies, contribute to enriching society and realizing human and earth friendly environments.

Technology InterfaceAccelerate and support technology innovation by providing the most advanced measurement solutions to the global industrial arena.

Corporate Value EnhancementEnsure the success and well-being of employees and stakeholders by continuously creating measurement systems, products and services.

Action Guidelines

Be a ProfessionalTake on tasks with integrity and maintain a high degree of dignity and capabilities.

Be an Innovator

4

TOYO Corporation has been providing the world’s most advanced measurement solutions to the Japanese industry. We

have always been in pursuit of the latest trends as we distribute products and provide support for them. In cooperation

with overseas manufacturers, we develop products which satisfy the customers’ requirements. Furthermore, we develop

original products and systems based on the know-how we have accumulated over the years. Our “measurement

Our Challenges Create the Future

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6

Ocean / Defense & SecurityICTA shif t of focus to future social infrastructures, depar ting from connectivit y, high speed, and vir tualization

The latest technologies to “Measure” the ocean

Software Quality & Productivity

Mechatronics / Noise & Vibration / Sensors

Safer and securer sof tware developmentOpening new futures of transpor t equipment

Physics / Energies Life Science / MaterialsFacilitating the realization of a peaceful and secure societ y

Contributing to the realization of new energy infrastructures

Security & Lab CompanyEMC & Antenna SystemsSecurit y ser vices mobilizing "measurement" technologies

Solutions for increasingly complicated electromagnetic environments

P.8 P.12

P.12P.9

P.13P.10

P.13P.11

Our TechnologiesTOYO’s “Measurement Technologies”

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8 9

Ultra High Speed IP Network Performance Test Solution (400G/200G/100G)

High Speed Packet Capture/Analysis Systems (100G)Mobile Network Test Solution (5G/LTE/Cellular IoT)Wireless Communication Capture/Analysis Solution

(5G/LTE/Cellular IoT)Virtual Environment Performance Test/Monitoring

SolutionNetwork Security Management/Test SolutionSecurity Diagnostic ServiceTester for Automotive EthernetCable Tester for Automotive Ethernet

Converter/Simulator for AutomotiveV2X (Vehicle-to-Vehicle/Vehicle-to-Infrastructure)

Communication Test SolutionAutomotive Security Management/Test SolutionWireless LAN/RF Design Support SolutionUE SimulatorGPS/GNSS Simulation/Test SolutionTime Synchronization SolutionNet Flow (xFlow) MonitoringL1 Switch

Information and Communication Technologies (ICT ) of the next generation are used not only for communication between people

qualit y and securit y of IC T in these environments, testing per formance and visualizing operations, both requiring measurement technologies, are essential.

TOYO provides a wide range of solutions, including test systems that have swif tly incorporated future benchmark technologies and technical s tandards, analysis/monitoring systems for produc tion net work s , information securit y test systems, technical assistance by professionals, and even product customization to satis f y individual customer requirements. We are prepared to serve all kinds of needs with an extensive port folio of products and services.

ICTA shift of focus to future social infrastructures, departing from connectivity, high speed, and virtualization

Produc ts

Accolade Technology, Inc.ADVA Optical NetworkingAEM Singapore Pte. Ltd.Arbor Networks, Inc.CALIENT TechnologiesCalnex Solutions Ltd.CAST Navigation, LLCGarland TechnologyiBwave Solutions, Inc.Keysight Technologies, Inc.KnowBe4, Inc.NetScout Systems, Inc.Sanjole Inc.Sifos Technologies, Inc.

Spectacom CorporationSpirent CommunicationsSynopsys Inc.Technica Engineering GmbHTenableTenedisTime Critical NetworksUila, Inc.VeEX Inc.

Principals

Opening new futures of transport equipmentIn R&D (research & development) of the transpor t equipment industries, “noise and vibration” , “per formance (e.g. controllabilit y and r ide comfor t)” , and “safet y and durabilit y ” are all impor tant fac tors and must be measured and analy zed. We have been providing measurement instruments and solutions for these purposes over the years. We also have a great number of practical

Along with the prevalence of model-based development , tes t methods and tes t data management /shar ing have become impor tant in reinforcing the correlation bet ween hypothetical vehicle design/development and the test data in the ac tual

Accelerometers / Impact HammersSound Quality EvaluationPressure Sensors / Force SensorsTorsional Vibration AnalysisTelemetryMicrophones / Particle Velocity SensorsNoise and Vibration Analysis Systems / Pass-by Noise TestingTransfer Path Analysis / Sound LocalizationMeasured Data Analysis SoftwareTorque Meters / Brake SystemsDriving Robots

Produc ts

Boulder Innovation Group, Inc.CAEMAX Technologie GmbHEZ MetrologyFBGS International NVHI-TEC s.r.limc Test & Measurement GmbHKlippel GmbHKübrich Ingenieurgesellschaft mbH & Co. KGLOUDSOFT Ltd.Magtrol, Inc.Magtrol SAMB Dynamics, Inc.

MTI Instruments Inc.MTS Systems CorporationMüller-BBM VibroAkustik Systeme GmbHNikon Metrology NVOES, Inc.

OROS S.A.PCB Piezotronics, Inc.Peak Solution GmbHPRIAMUS SYSTEM TECHNOLOGIES AGred-ant measurement technologies and services GmbHRototest International ABSmart Eye AB.The Modal Shop, Inc.Xcite Systems CorporationXenomatiX N.V.Ziegler-Instruments GmbH7D Kinematic Metrology Inc.

Principals

Mechatronics / Noise & Vibration / Sensors

Data Logger� � � �Virtual Infrastructure Performance Management Solution

� � � � � �� �(portable type)Packet Capture/Analysis System

� � � � � � � �� � � � � � � � � �Performance Test Solution (ultrahigh-speed Ethernet/application security/mobile/automotive)

Noise and Vibration Analysis System Sensors for Acceleration, Acoustics, Force, Load and Pressure

Quiet Excitation Systems for Buzz, Squeak & Rattle Noise Testing / Modal Analysis Excitation Equipment

Calibration Systems for Accelerometers and MicrophonesASAM ODS Server SoftwareData Acquisition Systems with Online Calculation CapabilityEarly Failure Detection Analyzer for Endurance Testing Static and Dynamic Door Characteristic Measurement SystemsHub-Coupled Powertrain Chassis Dynamometer SystemsMagnetostrictive Linear Position SensorsLiDAR for Road and Surrounding Detection

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Fuel Cell Evaluation SystemsSecondary Battery Evaluation SystemsElectrochemical Measurement SystemsSemiconductor Material Evaluation SystemsUltra Low Temperature Measurement Systems

The current environments surrounding energy infrastruc tures are going through dynamic changes including increased use of renewable energies and accelerated development of electric vehicles. We provide highly-accurate measurement and evaluation

electronics to the product development of batteries and inverters), helping countless researchers and technical experts overcome

Physics / EnergiesContributing to the realization of new energy infrastructures

Produc ts

AC Power Corp. (Preen)AMETEK Programmable PowerAndeen-Hagerling, Inc.Bio-Logic Science Instruments SASChroma ATE Inc.comemso GmbHData TranslationDL INSTRUMENTS, LLCEA Elektro-Automatik GmbH & Co. KGElectroChem, Inc.FLC Electronics ABGMW AssociatesGW Instruments, Inc.Instec, Inc.Kepco, Inc.Labortechnik Tasler GmbHLake Shore Cryotronics, Inc.Maccor, Inc.Matesy GmbH

NexcerisNORECS ASNovonix Battery Testing Services Inc.OECOScribner Associates, Inc.Tabor Electronics Ltd.Wayne Kerr Electronics Ltd.XiTRON Technologies, Inc.

Principals

Eretec Inc. (Republic of Korea) JS Denki Pte. Ltd. (Southeast Asia, Taiwan)JS TOYO Corporation (Shenzhen) Ltd. (Southern China, Taiwan)Quantel Pte. Ltd. (India, Southeast Asia)

O ver s eas Agencies

Solutions for increasingly complicated electromagnetic environmentsWe have been providing measurement systems and test equipment over many years for EMC (Electromagnetic Compatibilit y) compliance tests of various electronic instruments including those in automobiles, information and communication systems, and medical systems. Currently, we are accelerating the overseas expansion into China, the USA, Southeast Asia and other markets.

We have been suppor ting those installed antennas by providing maintenance and calibration ser vices af ter installation. Various solutions using electromagnetic waves such as OTA (Over The Air) measurement systems for 5G are also available from TOYO.

EMC Measurement SystemsESD/EFT Burst/Surge Test Systems

Electric/Magnetic Field SensorsEMI Test ReceiversEMC Measurement SoftwareG-TEM Cells

Reverberation Chamber Method EMC Measurement Systems

E-Drive Testing SystemsAntenna Measurement SystemsOTA Measurement SystemsMIMO Measurement SystemsAutomotive Radar Target Simulator (ARTS)

5G Mobile Compact Antenna Test Range Antenna Systems for Ground Stations

Parabolic AntennasRadomesHydrogen MasersLaser Ranging Systems

Produc ts

Antenna Systems Solutions S.L.Audivo GmbHBLUETEST.seBONN Elektronik GmbHCombinova ABCom-Power CorporationDiGOS Potsdam GmbHETS-Lindgren, L.P.Fischer Custom Communications, Inc.Frankonia Germany EMC Solutions GmbHGeneral Test Systems Inc. IndexSAR Ltd.Keysight Technologies, Inc.Microwave Technologies GroupMILMEGA Ltd. (Ametek)

MT Mechatronics GmbHNational Geographic Institute (IGN)Omnisys Instruments ABPMM (NARDA STS. S.r.l)RTW GmbH & Co. KGSaint Gobain Performance Plastics CorporationSchwarzbeck Mess - Elektronik OHGSEIBERSDORF LABORATORIESSonoma Instrument Co.Teseq AG (Ametek)Teseq GmbH (Ametek)T4Science SAUniqueSec ABViaSat Inc.York EMC Services Ltd.

Principals

EMC & Antenna Systems

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� � � � �� � � � � �EV Charging Analyzer/Simulator

� � � � � � �� � �EMI Receiver

Large Parabolic Antenna Systems for Ground Stations� � � �� � � � � � �Emissions Measurements and Analysis Softwaredeveloped by TOYO

� � � � �Electrochemical Measurement System

� � � � � � � � � � �Hall Measurement System

Magnetic Material / Magnetic Field Measurement SystemsFerroelectric Material Evaluation SystemsGeneral-purpose Measurement Instruments / Power SuppliesLiquid Crystal Characteristic Measurement Systems

JQA-IM1536Security & Lab Company

JQA-IC0017Security & Lab Company

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Multibeam EchosoundersAcoustic Video CamerasUnderwater Vehicles

(ROV/AUV/Glider)Unmanned Surface Vehicles

Seismic Survey Systems

as well. With the key theme of "Measuring the Ocean" in mind, we provide robotization plat forms along with wide-ranging marine measurement instruments.

Ocean / Defense & SecurityThe latest technologies to “Measure” the ocean

Produc ts

AML Oceanographic Ltd.Applanix CorporationApplied Acoustic Engineering Ltd.BioSonics Inc.Blueprint SubseaCanadian Micro GravityC-MAX Ltd.DOER MarineEDDY Pump CorporationFarSounder, Inc.GNOM

Principals

The “Measurement Technologies” implemented in our products and ser vices play a vital role in the whole lifecycle of sof tware development, ranging from quality enhancement to productivity improvement.

Fur thermore, we provide the latest securit y solutions to realize the safet y and securit y required by technological innovation accompanying the digitalization of various products and services.

Software Quality & ProductivitySafer and securer software development

[Life Science]Bone Suppression Systems for Digital Chest X-ray ImagesVessel Suppression Systems for Chest CT ImagesMedical Image Enhancing SoftwareMammography Image ViewersOrthopedic Digital Planning ToolsCMOS X-ray Flat Panel DetectorsSterilizer for Infectious Waste X-ray Dose Management System

[Materials]Scanning Electron MicroscopesFIB-SEM (Focused Ion Beam Scanning Electron Microscopes)Hardness and Young's Modulus Measurement SystemsScanning Probe MicroscopesCantilevers for Scanning Probe Microscopes

Life science aims to realize a society where people can live in peace and comfort by overcoming diseases and

diagnostic suppor t for lung cancer and breast cancer and preoperative simulation in or thopedic surger y,

solutions that contribute to R&D and qualit y control of lithium-ion bat teries, semiconductors and electronic par ts using the latest technology, promoting the development of science, technology and industry in Japan.

Life Science / MaterialsFacilitating the realization of a peaceful and secure society

Produc ts

[Life Science]BARCO N.V.ContextVision ABIBMIntrasense SAmediCAD Hectec GmbHMX Imaging, Inc.Qaelum N.V.Riverain Technologies

[Materials]AFMWorkshopFraunhofer IWSKLAnanotools GmbHNanoWorld AGTESCAN ORSAY HOLDING, a.s.

Principals

Multi-Issue Tracking ToolsSoftware Architecture Analysis ToolsSoftware Static Test ToolsSoftware Dynamic Test ToolsApplication Lifecycle Management ToolsProfessional ServicesVulnerability Static Analysis Tools for Open SourceVulnerability Static Analysis Tools for Application

Produc ts

Allthatsoft Co.Checkmarx Ltd.ExtraView CorporationImagix CorporationPerforce Software, Inc.QA Systems GmbHSiemens PLM Software, Inc.

Principals

Change Vision, Inc.eXmotion Co., Ltd.UBsecure, Inc.

Domestic Pr incipals Securit y & Lab Company is an in-house company established to launch into the c yber securit y ser vices market. In addition to collaboration with information security companies in Europe and the United States, we are expanding our relationships with enterprises in Israel, which is pressing for ward with a national strategy of becoming an advanced

technologies (cloud, OSS, machine learning, big data analysis) to deliver new ser vices and values to client companies in real time and provide cyber security services throughout the lifecycle.

securit y management system) and of ISO/IEC 27017 (JIP-ISMS517-1.0, an international standard for information security control concerning cloud services).

Security & Lab CompanySecurity services mobilizing “measurement” technologies

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Sidescan Sonar SystemsAcoustic Positioning SystemsInertially-Aided GPS Positioning and Orientation SystemsHydrographic Survey and Processing SoftwareInteractive 4D Geo-spatial Processing and Analysis SoftwareWater Side Security Systems

HPI (High Pressure Instrumentation)HYPACKINNOMAR Technologie GmbHITER SystemsiXBlueL3 ASV

MSI Transducer CorporationNeptune Sonar Limited Nortek ASOceanic Imaging Consultants, Inc.

Patriot 3, Inc.Quality Positioning Services, B.V.Riptide Autonomous Solutions R2 Sonic, LLCSafran Electronics & DefenseSALT (Subsea Asset Location

Technologies Ltd.)

SEAMOR Marine Ltd.Sensor Technology LimitedSercel Marine Source Business Unit

Underwater Data Communication SystemsAcoustic Doppler InstrumentationOptronics SightsSlurry Pumps and Dredge Equipment

SIG FranceSonardyne International Ltd.Sound Metrics CorporationSyQwest Inc.Teledyne Digital ImagingTeledyne Gavia ehfTeledyne TSS Ltd. Wärtsilä ELAC Nautik GmbH4Deep Inwater Imaging

14

TOYO Corporation China

Beijing Puli Technology

TOYO Corporat ion is e xpanding i t s business in the global market s especially in Nor th Amer ica and China, where R&D

investments are on the increase. In order to globally disseminate measurement solutions incorporating our self-developed

technologies, we establish par tnerships with major measurement equipment manufacturers outside Japan while distributing

self-developed products.

Beijing, for distr ibution of such systems. Beijing Puli Technology Co., Ltd. is a subsidiar y of TOYO Corporation in China for

sof t ware development. We also have a strong par tnership with Uila, Inc. in the USA for development and distr ibution of

monitoring and security systems for vir tual servers and data centers.

15

TOYO Corporation

TOYOTech

TokyoBeijing

SunnyvaleUila

Measurement businesses in EMC, batteries, fuel cells, and liquid crystal displays

Overseas expansion of our measurement businesses in automobiles, information & communication, and OLED

Fremont

Business Sites■ Overseas subsidiaries ■

TOYO Corporation China

Shanghai

Past

Now

Future

Global Business ServicesWe are focusing not only on sales of hardware and sof tware for measurement, but also on ser vice business such as calibration of

measurement instruments of customers and contract analysis of prototypes and objects under test.

A2LA Cert No. 2296.01

Calibration LaboratoryWith constant accuracy being essential for them, measurement instruments need to be calibrated periodically. Our calibration laboratory,

accredited to ISO/IEC 17025, conducts various calibrations ranging from DC to 40 GHz for numerous measurement instruments including

relevant laws and regulations, as well as for automobile-related instruments that are required to be of high quality.

Nano Imaging CenterImaging technologies play a ver y impor tant role in accelerating the academic research, product development and qualit y

improvements for industries. We operate the Keio-TOYO Nano Imaging Center with the Faculty of Science and Technology of Keio

University. The Center has assembled the latest imaging tools from across the world, including a plasma FIB-SEM system and Nano

Indenter systems. We provide technical seminars and contract analysis services there.

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One Technologies Company

� � � � � � �Packet Capture/Analysis System

Emissions Measurements and Analysis Sof twareHigh Frequency Impedance Measurement System Multi-Channel LC Material Characteristics Measurement System

One Technologies Company is an in-house company which develops and

commercializes new products based on TOYO Corporation’s own seeds. The

and high-quality original products including EMC measurement sof tware with

the top market share in Japan and the packet capture/analysis system “SYNESIS”

realizing the world’ s highest continuous capture performance. In addition, the

Company is actively working on the launch of new businesses for such emerging

innovative products and solutions that are “one and only” in the world.

“SYNESIS” developed by TOYO CorporationTOYO has developed “SYNESIS,” the world’

capture/analysis system for 100 GbE. Our proprietary and

patented technology enables SYNESIS to capture all the

packets without omission, which is important for failure

analysis. SYNESIS supports the construction of 5G networks

and the operation of fast network s of communication

carriers, companies, and governmental agencies in and

outside Japan.

Technical Research Laboratory

DMTS® demo facility

Technical Research CenterTechnical Research Center is creating new technologies ahead of the times.

"DMTS®" (Dr iv ing & Motion Test System), which provides an integrated

environment for automotive testing, enables actual vehicle tests (usually done

on a test course) to be per formed in a laborator y. In combination with real

v ideo playback so f t w are “R V DP ” (Real V ideo Dr ive Player ) for dr iv ing

simulators, DMTS® per forms high-precision simulations of driving on public

on, we will also work with the latest radar target simulators, V2X simulators,

and other measurement instruments to expand the functions necessary for

In-house Development / Customization

System Products Developed/Customized by TOYOHigh Frequency Impedance Measurement System

Ferroelectric Substance Evaluation SystemFuel Cell Test SystemMulti-Channel Self Discharge Measurement System

Impedance Analysis Support Software3-D Impedance Analysis SoftwareAutomatic Motor Torque Measurement SystemDDoS Mitigation SystemMulti-Channel LC Material Characteristics

Measurement System

Technical Research LaboratoryTechnical Research Laborator y is an open laborator y for researching the latest technologies and demonstrating products. At the Lab, you can experience most-advanced measurement solutions.

17

Based on the know-how accumulated through the impor t of advanced measuring instruments of

overseas manufacturers, we customize such instruments and develop completely new original products.

high-level measurements impossible to accomplish with a single instrument.

Takeo KiuchiCTO

Automatic EMI Measurement SystemAutomatic Immunity Measurement SystemEmissions Measurements and Analysis SoftwarePacket Capture/Analysis SystemIon Impurity Measurement System

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Technical Center

calibration, and repairs of electronic measurement instruments” to ensure high-quality technical support and thorough

customer satisfaction.

Kasai Service CenterKasai Ser vice Center conducts incoming inspections of measurement instruments that are

delivered from overseas manufacturers in order to detect damage in transit and initial failures and

logistics base for product receipt, shipment, and inventory management. Furthermore, it serves as

manufacturing and calibration facilities. We ensure that customers can use our products with

SeminarsWe actively engage in keeping our customers up-to-date on the latest technology trends along with actual use cases through seminars for which we invite eminent professionals and engineers from overseas manufacturers as speakers.

TrainingThrough training courses from basic to advanced levels, we help our customers master the operation of measurement instruments, which are becoming more multi-functional and complex.

Through our environmental activities in compliance with ISO 14001, we strive to improve the environment continuously.

"KG wear" measures human movements by sensors. Using this original measurement device, we are

care, and automobile development.

On the understanding that the conservation of the global environment as the basis of human existence is the utmost priority across

the world and that it is one of the most important concerns for the management, we promote environmental conservation activities

with a view to the coordination between the socio-economic development and the global environment through sound business

activities.

19

Contribution to the development of blue LED by Nobel laureatesThree researchers who won the Nobel Prize in Physics in 2014 used our Hall measurement system "ResiTest" for the development of blue LED, the prize-winning theme.

Disaster prediction by observing radio waves from spaceA next-generation radio telescope that can be used to predict large earthquakes has been installed at the Ishioka Geodetic Observing Station (Ishioka City, Ibaraki Prefecture) of the Geospatial Information Authority of Japan (GSI) of the Ministry of Land, Infrastructure, Transport and Tourism.

With our products and technologies being used mainly by those involved in R&D at corporations, government agencies, and

universities, there have not been many opportunities for the end users of the products and services born as a result of such R&D to

get to know our company name ( TOYO Corporation), business, or operations. In this section, we would like to introduce the

activities of TOYO and its relationship with society.

Technical SupportIn addition to operation training, we help customers resolve measurement-related issues, taking advantage of our network with overseas manufacturers and our own technical expertise.

After-sales ServicesTOYO has implemented a comprehensive after-sales service structure to swiftly respond in the event of a malfunction after delivery or should a technical inquiry arise.

JQA-EM4908

JQA-QM8795TECHNICAL CENTER

2120

Registered Name TOYO Corporation

1-6, Yaesu 1-chome, Chuo-ku, Tokyo 103-8284, Japan

Date of Establishment September 4, 1953

Capital Paid-in: ¥4,158 million

Number of Employees 523(consolidated) / 485(non-consolidated) *As of September 30, 2019

Stock Exchange Listings Tokyo Stock Exchange First Section (Code: 8151)

Website https://www.toyo.co.jp/english/

Board of Directors President & CEO Masaru Gomi

Representative Director, Executive VP, COO Toshiya Kohno

Director, Executive VP, CFO Shuuzou Totoki

Director, Senior VP Noriyuki Kato

Director, Senior VP Mitsuru Onodera

Director, Senior VP Yasushi Kumagawa

Outside Director Nobuyoshi Akiyama

Outside Director Masataka Kashiwa

Auditor Kazuhiko Nozaki

Auditor Kiyo Morikawa

Auditor Shigehisa Horinokita

Corporate Data

Overseas Subsidiaries TOYO Corporation China[Shanghai]Room 310, Enterprise Square, No.228 Meiyuan Rd, Jing'an District, Shanghai 200070, ChinaTel: +86-(0)21-6380-9633 Fax: +86-(0)21-6380-9699

[Beijing]Room 102, Building C, Yeqing Plaza, No.9 Wangjing North Rd, Chaoyang District, Beijing 100102, ChinaTel: +86-(0)10-6439-2938

TOYO Corporation International Ltd.

TOYOTech LLCFremont Business Park, 42840 Christy St., Ste. 110, Fremont, CA 94538, USATel: +1-510-438-9548 Fax: +1-510-438-9653

Beijing Puli Technology Co., LtdRoom 102, Building C, Yeqing Plaza, No.9 Wangjing North Rd, Chaoyang District, Beijing 100102, China

Uila, Inc710 Lakeway Drive, Suite #210, Sunnyvale, CA 94085, USA

1-6, Yaesu 1-chome, Chuo-ku, Tokyo 103-8284, Japan Tel: +81-(0)3-3279-0771 Fax: +81-(0)3-3246-0645

Technology Interface Center1-2, Hongokucho 1-chome, Nihonbashi, Chuo-ku, Tokyo 103-0021, JapanTel: + 81-(0)3-3279-0771

TOYO Corporation and Keio University Central Service Facilities for Research Keio University, Yagami Campus3-14-1 Hiyoshi, Kohoku-ku, Yokohama, Kanagawa 223-8522, Japan Tel: +81-(0)45-566-1690 Fax: +81-(0)45-566-1691

Technical Research Laboratory11-1, Wakamiya, Morinosato, Atsugi, Kanagawa 243-0124, Japan

Kasai Service CenterHulic Kasai Rinkai Building, 6-4, Rinkaicho 3-chome, Edogawa-ku, Tokyo 134-0086, JapanTel: +81-(0)3-6808-0178

Shin-Osaka Brick Building, 1-6-1, Miyahara, Yodogawa-ku, Osaka, Osaka 532-0003, JapanTel: +81-(0)6-6399-9771 Fax: +81-(0)6-6399-9781

Nagoya Hirokoji Building, 2-3-1 Sakae, Naka-ku, Nagoya, Aichi 460-0008, JapanTel: +81 -(0)522-53-6271 Fax. +81 -(0)522-53-6448

Utsunomiya Otsuka Building, 2-4-3, Higashishukugou Utsunomiya, Tochigi 321-0953, JapanTel: +81-(0)28-678-9117 Fax: +81-(0)28-638-5380

Financial Operating Highlight TOYO Corporation and Consolidated SubsidiariesYears Ended September 30

Billion is used in the American sense of one thousand million.

0

5

10

15

20

2525.5

2015

20.9

2016

21.6

2017

21.5

2018

23.5

2019

Net Sales(Bi l l ions of yen)

TOYO group has been investing for growth in order to expand business in promising markets and to

establish a business model which is resilient to changes in business environment. In 2018, we drew up

the 3-year medium-term management plan and aim to expand sales by taking advantage of the past

investments.

https://www.toyo.co. jp/T Y2021_EN

0

10

20

30 29.8

2015

30.1

2016

28.7

2017

29.0

2018

29.9

2019

Total Shareholders' Equity(Bi l l ions of yen)

0.0

0.5

1.0

1.5

2.01.8

2015

1.2

2016

1.3

2017

1.2

2018

1.4

2019

Operating Pro�t(Bi l l ions of yen)

0.0

0.5

1.0

1.5

1.1

2015

1.0

2016

0.8

2017

0.4

2018

1.2

2019

Net Income(Bi l l ions of yen)

Medium-term Management Plan

1959

1969

1973

1974

1977

1955

1953

1984

2002

2003

2004

2005

2010

2013

2014

2015

2016

2017

2018

2019

1985

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1990

1998

23

Organization

Shareholders Meeting

Auditors

Board of Directors

President & CEO

Information, Communication and Computing Technologies

Mechatronics Measurement Solutions

Sensor Solutions

Physics and Chemistry Measurement Division

EMC & Microwave Systems

Ocean Measurement Technology Division

Software Solution

Life Science & Materials

Security & Lab Company

One Technologies Company

ICT Engineering Division

Mechatronics Engineering Division

Physics & Chemistry Engineering Division

EMC & Ocean Engineering Division

Inspection & Calibration Division

Research and Development Division

Technical Research Center

Accounting Division

Human Resources Division

Logistics Division

Information Systems Division

Marketing Communication Division

Global Business Promotion Division

Quality Assurance Division

Corporate Planning Division

Audit Division

History

Established as Kowa Trading Co., Ltd., engaged mainly in import and sales of industrial machinery

Changed the English company name to TOYO Corporation

Concluded exclusive distribution agreements with Kieserling (a secondary steel processing machinery manufacturer in Germany) and other leading overseas manufacturers

Changed the English company name to TOYO Trading Co., Ltd.Concluded an exclusive distribution agreement with EMI Factories (in the UK) and started addressing the electronic measuring equipment market

Set up a branch of TOYO Corporation China in Beijing

Established TOYOTech LLC in California, USA

Set up Security & Lab Company as an in-house company Established Keio-TOYO Nano Imaging Center jointly with the Faculty of Science and Technology of Keio University

Developed and launched the SYNESIS network packet capture/analysis system

Established One Technologies Company as an in-house company Set up Technical Research Laboratory

Set up Kasai Service Center

Set up TOYO Calibration Laboratory in TOYO Technical Center

Assisted with the development of a next-generation

Developed and launched the TS9949 full-automatic EMI test system

Established TOYO Corporation China in Shanghai

Set up Technical Center Went public on the Second Section of the Tokyo Stock Exchange

Upgraded to the First Section of the Tokyo Stock Exchange

and Electronic Sales Divisions into a single building in Yaesu, Tokyo

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