Basic Research Laboratories (now Pharmaceutical Research Laboratories) established (Kamakura).
In 1961, on the thirty-fifth anniversary of our founding, Toray management made two major decisions. The first was to withdraw from our original business of rayon yarn production. The second was to establish the Basic Research Laboratories. In September 1962, in his address at the opening ceremony for the laboratories, Chairman Shigeki Tashiro expressed hope that the laboratories would "aim for great research that finds answers for problems 20 years in the future." Since its establishment this facility, situated in the scenic hills of Kamakura, has cultivated an atmosphere of independent research and encouraged researchers to engage in autonomous research at their own discretion. In 1999, the Basic Research Laboratories were reorganized in order to operate at the equivalent level as a company division and were thus renamed the Basic Research Center. The Pharmaceutical Research Laboratories (renamed from Basic Research Laboratories) were established at the center, and in 2003, the New Frontiers Research Laboratories were also established.