Tokyo Ohka Kogyo : Integrated Report 2022 / All pages (two-page spread) （21.22 MB）

Integrated Report 2022

Year Ended December 31, 2022

Technology Deepens at

0.000000001 m

Value Creation Story

Initiatives to Address Material Issues for Enhancing Corporate Value

Data Section

-PURPOSE/PHILOSOPHY-

Purpose:

Contribute to a sustainable future through chemistry

Management

Principles

Create a frank, open-minded business culture, continue efforts to enhance technology, raise the level of quality of products, and contribute to society

Management

Vision

The e-Material Global CompanyTM contributes to a sustainable future through chemistry

CSR Policy

• Increases the sustainable corporate value as a whole group by improving employee engagement.
• Continues to provide high-value- added products that contribute to technological innovations in order to resolve social issues.
• Strives to grow together with society and remain as an attractive company that earns the trust of all stakeholders.

Integrated Report 2022 001

August 2023

Noriaki Taneichi

Representative Director,

President & Chief Executive Officer

Value Creation Story	Initiatives to Address Material Issues	Data Section
for Enhancing Corporate Value

-A Society We Aim For-

TOK pursues a sustainable future society filled with happiness and this starts from the pursuit of happiness for individuals in the workplace.

Semiconductors substantially contribute to the resolution of a variety of different social and environmental issues that face humans and to convenient, comfortable, safe and secure lives. TOK is a manufacturer with the largest global market share of photoresists-materials essential for the manufacture and upgrading of semiconductors.

In Japan and internationally, TOK achieved sustainable growth by practicing customer-oriented strategies and by providing value created through the use of world-leading microprocessing

and high purity processing technologies that the company has continuously sophisticated over more than 80 years since its foundation. Under the management vision, The e-Material Global CompanyTM contributing to a sustainable future through chemistry, TOK is striving to create value from the long-term viewpoint, aiming to contribute to 5G and IoT innovation by 2030, to become a 100-year company in 2040, and achieving carbon neutrality by 2050.

In these everyday activities, TOK places the largest focus on "happiness" as the keyword. The TOK Group practices its purpose-contributeto a sustainable future through chemistry-extracted from the management vision and invests in human capital under the concept of pursuit of happiness for individuals in the workplace. The Group hopes that these measures will have a ripple effect to improve happiness for external stakeholders and broadly throughout society.

Human resources who feel a high level of happiness usually provide high performance. Customers who use our products with high added value produced by such human resources will also achieve high performance, leading to an increased sense of happiness. When consumers can improve the quality of life by using excellent end products produced by TOK customers, happiness will be enhanced broadly throughout society. TOK will continue to pursue a society where people feel a high level of happiness that starts from the pursuit of happiness for individuals in the workplace.

The Integrated Report 2022 provides a multi-faceted view of value creation by TOK from the perspectives of social impact and linkage and interaction among capital sources. The report also states how TOK enhances its corporate value in a sustainable manner while adding the viewpoints of self-reformation and stakeholder engagement as both risks and opportunities continue to be maximized.

In authoring this report, TOK referred to the International Integrated Reporting Framework promoted by the IFRS Foundation and Guidance for Integrated Corporate Disclosure and Company- Investor Dialog for Collaborative Value Creation 2.0 issued by the Ministry of Economy, Trade and Industry. The company considered the feedback received in dialogs with shareholders, investors, and other stakeholders, as well as the opinions received regarding the Integrated Report 2021.

I would like to assure the readers that this report represents our best efforts to bring together a variety of information related to long-term value creation at TOK through the commitment of management executives and company-wide due processes in each division.

002 TOKYO OHKA KOGYO CO., LTD.

Integrated Report 2022 003

CORE COMPETENCE 1

-World-leading microprocessing technology

and continuously contributing	Value creation area = 1 nanometer*1
0.000000001 m
Enhancing intellectual capital
to a sustainable future
	*1 Approx. 1/100,000 of hair thickness

TOK was established as an R&D-driven company in 1940. The company developed semiconductor photoresists for the first time in 1968, and the company has continuously promoted R&D and upgraded microprocessing technology while accumulating intellectual capital, thereby contributing to the advancement of semiconductor technology.

Value Creation Story

TOK photoresists

Initiatives to Address Material Issues	Data Section
for Enhancing Corporate Value

Highlights 2022

Aggregate market value

¥255.1 billion*4

Semiconductors

At present, TOK continuously upgrades its world-leading microprocessing technology under the purpose-Contributeto a sustainable future through chemistry. In this way, the company contributes to higher performance, lower power consumption, cost reduction, and miniaturization of semiconductors so that TOK can satisfy social expectations with end products and contribute to the generation of a positive social impact.

Trends of line width of semiconductors*2		1990s
				1980s		Line width of
	1970s			semiconductors
	semiconductors		600 nm-
				Line width of
	Line width of			1,500 nm-			130 nm
	semiconductors
	10,000 nm-			600 nm
	1,500 nm

Always satisfying social expectations with microprocessing technology

1970s	Social	1980s	Social	1990s	Social
expectations	expectations	expectations
	More efficient		More advanced		More advanced
	economic		information		communication
	activities		processing

Examples of	Examples of	Examples of
final products	final products	final products
Calculators*3	PC	Feature phones

	Outputs	Outputs	Outputs
	First semiconductor positive	i-Line photoresists	KrF excimer laser photoresists
	photoresist developed in Japan
*2	Includes estimates by TOK for the decades shown
*3	The photos of examples of final products on this page are conceptual images.
*4	Calculated based on the closing stock price at FY 2022/12 end and the number of shares issued (including treasury stock)

004 TOKYO OHKA KOGYO CO., LTD.

		2010s-	2020s-
2000s		Semiconductor
Semiconductor	process nodes
	process nodes			5 nm
Semiconductor		32 nm-
process nodes
130 nm-		7 nm
32 nm

Accumulated intellectual capital

2000s

Social

2010s

Social

2020s

Social

expectations

expectations

expectations

Social

Promotion of

Advancement

networking

of AI

decarbonization

	Examples of	Examples of	Examples of
	final products	final products	final products
	Smartphones	General electronic	Interactive AI
		products
Outputs	Outputs		Outputs
ArF excimer laser photoresists	Full portfolio		EUV photoresists

Integrated Report 2022 005

CORE COMPETENCE 2

World-leading high purity processing technology

	Level of impurities in cutting-edge products
Continuously satisfying customer	Less than
expectations by strengthening	1/1,000,000,000,000
manufactured capital

Value Creation Story

Initiatives to Address Material Issues	Data Section
for Enhancing Corporate Value

Highlights 2022

Consolidated net sales

¥175.4 billion

In addition to microprocessing technology, the second core competence of TOK is high-purity processing technology, which has been continuously upgraded since the foundation of the company.

TOK released many "Japan's first" fine chemical products leveraging high-purity processing technology and they satisfied many social expectations in the early post-war era in Japan. Through subsequent global expansion, TOK provides customers across the world with materials stably produced from its robust manufactured capital to substantially contribute to higher productivity (yield) and resource saving by world-leading semiconductor manufacturers.

Source

1940 Original management principles presented by Founder Shigemasa Mukai

-"Create a frank and open-minded business culture, continue efforts to enhance our technology, raise the quality levels of our products, and contribute to society"

Consistently satisfy social expectations with high-purity processing technology

	Source		Social		Social
Foundation	Create a frank	1930-40s	expectations	1950s	expectations
Safety of	Development of
and open-minded
	business		workers		culture

culture

Shigemasa Mukai,

Examples of

Examples of final products

TOK founder

final products

Black-and-white TVs

Batteries used in hard

O

u

t

put

s

hat lights for coal miners

The first high-purity

Outputs

potassium silicate produced

The first high-purity potassium

in Japan, Ohka Seal

hydroxide produced in Japan

*1 1 ppm = 1/1,000,000; 1 ppb = 1/1,000,000,000; 1 ppt = 1/1,000,000,000,000 *2 Includes estimates by TOK for the decades shown

006 TOKYO OHKA KOGYO CO., LTD.

Semiconductors

High-purity chemicals and photoresists from TOK

Trends in level of high-purity processing (impurities)*1*2

		2020s	Strengthening of
	2000s	impurities	manufactured
		Level of	capital
1970s	impurities	≤ 1 ppt
	Level of
Level of	≤ 100 ppt
impurities

≤ 1 ppm

Social

Social

Customer

1970s*2

expectations

2000s*2

expectations

2020s

expectations

Higher

Resource saving

Higher

productivity

purification

and environmental

contribution

Value provided	Value provided	Value provided
Higher yield in	Reduced material loss	Pursuing ultimate defect
semiconductor	in semiconductor/LCD	reduction with state-of-
production	production	the-art equipment

Outputs	Outputs	Outputs
High-purity chemicals and	High-purity chemicals and	High-purity chemicals and
semiconductor photoresists	semiconductor photoresists	semiconductor photoresists

Integrated Report 2022 007

CORE COMPETENCE 3

Customer-oriented strategies

	Overseas sales growth rate
Increasing social and	over the past 10 years*1
2.9 times
relational capital through

Value Creation Story

Initiatives to Address Material Issues	Data Section
for Enhancing Corporate Value

Highlights 2022

Number of employees

(consolidated)

1,950

human capital-oriented management

Customer-oriented strategies are TOK's strengths that continuously advance the benefits of microprocessing and high-purity processing technology, and TOK delivers them to all parts of the world.

TOK opened its first overseas site in 1987 and accelerated overseas expansion as the offshoring of the semiconductor industry proceeded. In 2012, the company established a customer-oriented site in South Korea, where human resources from the development, manufacturing, and marketing functions work in collaboration.

The company also promoted the same strategies in Taiwan and the United States to upgrade human capital. TOK is now engaged in long-run research and development activities based on the frank and open-minded business culture and a close relationship of trust with customers.

Continuously expanding social and relational capital to all parts of the world

	Overseas		Overseas		Overseas
1987	expansion	1998	expansion	2004	expansion
USA	Taiwan	China

First overseas site	First overseas site in Asia	First manufacturing site in China
Ohka America, Inc.	TOK Taiwan Co., Ltd.	Chang Chun TOK (Changshu) Co., Ltd.
(present Tokyo Ohka Kogyo America, Inc.)	(Miaoli Plant)	(Changshu Plant)

Continuously contributing to a sustainable future through chemistry through long-run research and development with human capital-oriented management

Long-run researchanddevelopment

(approx. 10 years)

Release and

Photoresists for

gro

w

t

h

i

n

image sensors

2003

*1 FY 2013/3 vs. FY 2022/12

EUV photoresists

008 TOKYO OHKA KOGYO CO., LTD.

		Overseas
		sales ratio
Intel Corporation	Texas Instruments Inc.	82.2%
EPIC Distinguished	Supplier Excellence
Supplier Award	Award
(2022)	(2022)
	Micron Supplier Award
	(2022)

						Fostering
						human capital
	Customer-		Customer-		Customer-
2012	oriented	2014	oriented	2016	oriented
South Korea	Taiwan	Taiwan

The trifecta of development,

Upgrading the customer-oriented strategies

The trifecta of development,

manufacturing, and marketing

TOK Taiwan Co

.,

Lt

d.

manufacturing, and marketing

TOK Advanced Materials Co., Ltd.

(Tongluo Plant)

TOK Taiwan Co., Ltd.

(Tongluo No. 2 Plant)

Growth in

2019

Long-run research and development

(approx. 10 years)

MEMS

materials

Release and

Long-run research and development

growth in

(approx. 20 years)

2019

Integrated Report 2022 009

IMPACT ENABLER

TOK Photoresists

Collecting internal and external management resources to pursue the generation of a positive social impact

In reference to the history of TOK, the company is confident that the generation of a positive social impact will be led through initiatives to enhance the happiness of stakeholders and to improve the interaction and synergy of internal and external management resources with human capital-oriented management at the core.

The advancement of semiconductor technology underlies the positive social impact generated by the communications revolution through the ongoing dissemination of 5G and the next-generation 6G specifications. The company believes that semiconductors will grow to an unprecedented scale and substantially contribute to the achievement of carbon neutrality as a social requirement of humankind.

Interaction and synergy
	Product Portfolio		Fields of application
among capitals

Value Creation Story	Initiatives to Address Material Issues	Data Section
for Enhancing Corporate Value

Therefore, the TOK Group reselected information terminals, cloud computing, sensing and IoT, and green energy as the four fields in which the Group will grow together with customers from the semiconductor industry; consequently, TOK decided to intensively invest human capital and all other management resources in these fields.

The product portfolio of TOK, which features semiconductor photoresists and high-purity chemicals, will continue to contribute to value creation in each field. TOK will also contribute to the generation of a positive social impact toward a sustainable future by further accelerating R&D and marketing products that promote innovation.

Social issues	Solutions and value chain	Expected social impact
(examples)

		Package materials and MEMSmaterials						Information
Human			ArF excimer laser photoresists	EUV photoresists		terminals
capital
	High-puritychemicals		KrF excimer laser
			Cloud
			computing
Intellectual
capital
	g/i-		Sensing
		and IoT

Widening economic

disparity due to

digital divide

Increasing power

consumption due to the rapid expansion of data centers

Economic loss due to increased deaths

from traffic accidents

[TOK] Development and provision of thick-film KrF excimer laser photoresists

▾

[Semiconductor manufacturers and device manufacturers] Cost reduction per byte with increased layers of 3D-NAND Production and marketing of low-price smartphones

[TOK] Development and provision of EUV photoresists

▾

[Semiconductor manufacturers and device manufacturers]

Reduction of power consumption per computational

session by logic semiconductors

Reduction of power consumption at data servers

[TOK] Development and provision of

image sensor photoresists

▾

[Semiconductor manufacturers and device manufacturers]

Advancement and mass production of

automotive image sensors

Increased production of ADAS vehicles

Provision of information and educational infrastructure

to 4million people

in developing countries*1

Reduction of global power

consumption by about

0.3%*2 (forecast 2030)

Reduction of annual deaths

from traffic accidents by about 30,000*3 (about 2% of the total)

Manufactured	Linephotoresists
capital
	Green
	photoresists
		energy
Social and
relational
capital

	[TOK] Development and provision of photoresists
	for next-generation power semiconductors
	▾	Reduction of global power
Improving efficiency of	[Semiconductor manufacturers and device manufacturers]	consumption by about
renewable energy systems	Advancement and mass production of	0.4%*4 (forecast 2030)
	next-generation power semiconductors
	Improved efficiency of EVs and
	wind/hydropower generation systems

*1 Estimated based on the number of non-smartphone owners and the effect of device price reduction. The population with 30 US dollars as the down payment for installment payments exceeding 5% of annual income is defined as the population who cannot purchase smartphones.

*2 Estimated using power consumption by data center servers and the sustained effects of Moore's law as key factors. The use of high-end logic semiconductors only includes data centers and excludes servers and laptop PCs placed elsewhere.

*3 Estimated using deaths from traffic accidents and the ratio of ADAS vehicles. The estimation is based on fatal accidents in 2020 and excludes anticipated increases through to 2030 in emerging countries with many fatal traffic accidents.

*4 Estimated using power consumption in wind/solar power generation, EVs, and data centers, and the dissemination of next-generation power semiconductors with SiC and GaN as key factors. Train cars and commercial vehicles are excluded.

010 TOKYO OHKA KOGYO CO., LTD.

Integrated Report 2022 011

IMPACT ENABLER

TOK Photoresists

Global market size for semiconductor photoresists

(Based on sales in 2022*1)

2,589,575,000 US dollars

Increased by 6.5% year-on-year

TOK's market share for semiconductor photoresists

(based on estimated shipment quantity 2022*2)

EUV	ArF excimer	KrF excimer	g/i-Line
photoresists	laser photoresists	laser photoresists	photoresists
38.0%	16.2%	36.6%	22.8%
Global No.1	Global No.4	Global No.1	Global No.1

Market growth forecast for semiconductor photoresists (from 2021 to 2028)*3

- EUV photoresists	- ArF excimer laser photoresists
CAGR	CAGR

30.1%7.3%

- KrF excimer laser photoresists

- g/i-Line photoresists

Value Creation Story	Initiatives to Address Material Issues	Data Section
for Enhancing Corporate Value

Contents

Value Creation Story

003  A Society We Aim For

004  CORE COMPETENCE 010  IMPACT ENABLER 016  OUTPUT & OUTCOME 018  PORTFOLIO

020  CAPITAL

022  CULTURE & BUSINESS MODEL 024  VALUE CREATION PROCESS 026  STAKEHOLDER ENGAGEMENT 028  OUR MATERIAL ISSUES

030  Message from the President

036  Message from the Officer in Charge of Accounting and Finance

040  Review of the Two Past Medium-Term Plans/ Positioning of TOK Vision 2030 and Medium-Term Plan 2024

044  Review of Operations by Segment

Initiatives to Address Material Issues for Enhancing Corporate Value

050  Our Material Issues/

Key Initiatives and Risks and Opportunities and List of Objectives 054  Message from the Director in Charge of Marketing and Development

058  Message from the Director in Charge of New Businesses Development/ Message from the Officer in Charge of DX

060  Message from the Officer in Charge of General Affairs and Human Resources

064  Message from the Director in Charge of the Environment

068  TCFD-based Information Disclosure concerning Climate Change 070  Directors and Officers

072  Messages from Outside Directors 076  Corporate Governance

092  Global Environmental Conservation Considering Future Generations 102 Supply Chain Sustainability

Data Section

108  Trends of Key Ten-Year Data and Analysis

117  Photoresist Data

118  Consolidated Financial Statements

123  Stock Information

124  Global Network

126  Corporate Information/External Evaluation

127  Third-Party Verification Report

Editorial Policy

CAGR	CAGR
6.9%	5.7
		%

*1 Calculated by TOK based on aggregation by SEMI

*2 Source: Fuji Chimera Research Institute, Current Status and Future Outlook of Cutting-edge/NoticeableSemiconductor-related Markets 2023

*3 Based on the actual shipment in 2021 and the estimated shipment in 2028 (calculated based on Fuji Chimera Research Institute, Current Status and Future Outlook of Cutting- edge/Noticeable Semiconductor-relatedMarkets 2023)

Scope and time frame of this report

• Time frame: Fiscal year ended December 31, 2022 (January 1, 2022, to December 31, 2022)

(Includes some content after January 2023)

• Organization: Tokyo Ohka Kogyo Co., Ltd., and its consolidated subsidiaries and equity method affiliates

(See pages 124-125 "Global Network") unless otherwise specified in the text

• Publication on the website:

Information on the various initiatives related to financial and nonfinancial information, including information not presented in this integrated report, can be found on the company's website. https://www.tok.co.jp/eng

Reference guidelines

• International Integrated Reporting Framework promoted by the IFRS Foundation
• Guidance for Integrated Corporate Disclosure and Company-Investor Dialog for Collaborative Value Creation 2.0 published by the Ministry of Economy, Trade and Industry
• Environmental Reporting Guidelines 2018 published

by the Ministry of the Environment

• ISO 26000: 2010 - Guidance on Social Responsibility released by the Japanese Standards Association

• GRI Sustainability Reporting Standards

Forward-looking statements and estimates

This integrated report contains forward-looking statements, forecasts, and social impact estimates that present the future prospects of Tokyo Ohka Kogyo Co., Ltd., (the Company) in terms of business planning, earnings, and management strategies. Such statements are based on management judgment and estimates and are derived from information available at the time the information was prepared. Readers are cautioned not to rely solely on this report because actual results, management strategies, and social impact may substantially differ from those discussed in this report due to changes in the business environment and other conditions.

012 TOKYO OHKA KOGYO CO., LTD.

Integrated Report 2022 013

IMPACT ENABLER

TOK's Photoresists

Value Creation Story	Initiatives to Address Material Issues	Data Section
for Enhancing Corporate Value

Our Strength

Providing photoresists as an impact enabler in both the front-end process and the back-end process of semiconductor manufacturing

Wireless bonding contributes to downsizing, weight reduction, and higher performance

Providing Customers with Inputs That Contribute to Innovation

TOK's photoresists provide customers with inputs that serve as the starting point for the customer's value creation process and contribute to the generation of a positive social impact through innovation by substantially upgrading the quality of customers' outputs in terms of semiconductor performance, quality, and yield. This section describes the functions, performance, and core value provided by TOK's photoresists in the semiconductor manufacturing process.

In this method, projected connection terminals called "bumps" are laid out at the bottom of the IC chip without using fine metal wire and are energized by coming into direct contact with the printed circuit board. By saving space for wire connections, the IC chip is directly connected to the printed circuit board, which reduces

the connection distance and contributes to downsizing, weight reduction, and the higher performance of semiconductor packages.

IC Chip
Printed circuit
board	Wireless bonding

				Bumping process
					TOK's products
Bump				are used
					Positive photoresists
	Electrode

Plating

Resist patterning

Plating process

Plating is melted	Peeling of resist
with heat for bond-
ing to substrates

TOK's Semiconductor Photoresist Business
	Process of making integrated circuits on a silicon substrate and producing			Also see our informational video
	semiconductor chips. The process uses photoresists' resistance to etching.
			concerning TOK's contribution.

In this process, individual semiconductor chips are cut out to be sealed into different packages.

The process takes advantage of the thick file forming capacity of photoresists.

Semiconductor chips completed

Each diced wafer becomes

Semiconductor

manufacturing Front-end processes of semiconductor manufacturing flow

(1) Coating of photoresists

(3) Development

Coat the photosensitive resin

Photoresist patterns are formed.

Side view

photoresists.

Photoresists

Examples of

photoresist patterns

Oxide films

Silicon wafer

("wafer")

(5) Removal of photoresists	(7) Formation of insulation film and wiring
Residual photoresist is removed	Aluminum or copper wirings are
		from the wafer.	formed.
			Wiring

Insulation film

Back-end processes of semiconductor manufacturing

(9) Completion of an integrated circuit

Multiple ICs are created on the

wafer surface using microprocess-

ing technology.

Cross-section

of a completed

1. Dicing of wafers Wafer is diced into chip sizes.

an IC chip.

(2) Exposure

(4) Etching

(6) Formation of a semiconductor field

(8) Formation of integrated circuits

integrated circuit

A photomask (circuit design) is	Patterns are formed in the etching	A semiconductor field is formed by
transferred to the photoresist.	process. (Photoresist works as a	coating with an impurity diffusion agent
	protective film.)	and baking at high temperatures.

ICs are formed by repeating the

processes (1) through (7).

Global No.1

* Based on the projected shipment volume of EUV, ArF, KrF, g-/i-Line

Global market

share for

TOK

26.1%

photoresists in 2022 (calculated based on Fuji Chimera Research Institute, Current Status and Future Outlook of Cutting-edge/NoticeableSemiconductor-related Markets 2023)

semiconductor photoresists*

Impact enabler:	Factors Adding Value to
TOK's photoresists	Semiconductor Photoresists
	Sensitivity	Resolution	Roughness*
	*Fluctuations in line width
	Etching resistance	Substrate	Processing
	adhesiveness	applicability
	Purity	Substance safety	Cost

Core value of TOK

We can swiftly provide finely tuned tailor-made photoresists for the different needs and requirements of each customer or process

Customer A Customer B Customer C

Process	Process	Process
A	B	C
Process	Process	Process
1	2	3
Process	Process	Process
I	II	III

Innovation and

social impact

led by semiconductors

and final products/

services

014 TOKYO OHKA KOGYO CO., LTD.

Integrated Report 2022 015

OUTPUT & OUTCOME

Outputs - Full Portfolio

TOK has developed strong niche domains in both the front-end processes and back-end processes of semiconductor production with strengths in both miniaturization and 3D packaging. As a long- established supplier of photoresists, TOK provides a full portfolio comprising both the legacy and cutting-edge fields. The Company also provides cutting-edge value while seeking synergy in high- purity chemicals as non-photosensitive materials.

Global

1

Global

1

Global

1

.1*

.1*

.1*

No

EUV

No

KrF excimer

No

g-Line and

photoresists

laser photoresists

i-Line photoresists

Global

1

.4*

No

ArF excimer

Materials for SiC/GaN

Electronic beam (EB)

Semiconductor

laser photoresists

power semiconductors

photoresists

manufacturing

field

Interlayer insulating

Diffusing agents

Protective coating

films

materials

Directed Self-Assembly

(DSA) materials

Semiconductor

packaging

Bump photoresists

Wafer level CSP

manufacturing

photoresists

field

Image sensor

Photosensitive

Microlens

permanent film materials

photoresists

MEMS

manufacturing

field

Lift-off photoresists

3D packaging

Adhesive materials

field

	Clean solutions	Thinners	Developing solutions
High-purity	Organic chemicals	Stripping solutions	Inorganic chemicals
chemicals

Surface modifiers

Panel	TFT photoresists	Color filter
photoresists
manufacturing
field	Photoresists for	High-reliability
	Organic EL	transparent materials

*1 Based on the share of projected shipment volume in 2022 (calculated based on Fuji Chimera Research Institute, Current Status and Future Outlook of Cutting-edge/NoticeableSemiconductor-related Markets 2023)

016 TOKYO OHKA KOGYO CO., LTD.

Value Creation Story	Initiatives to Address Material Issues	Data Section
for Enhancing Corporate Value

SDGs to which we contribute

Outcomes - Contribution to a Sustainable Earth and Human Society

Against the backdrop of increasing climate change and the risks of infectious disease, semiconductor demand has shifted to a substantially different phase. Semiconductor materials in all areas, including not only the cutting-edge field but also the legacy field, have become indispensable for achieving

a sustainable earth and human society. TOK provides a stable supply of these materials under its purpose to contribute to a sustainable future through chemistry.

	OUTCOME
Information Terminals
Smartphones
Tablet devices		Higher
PCs
performance of
Wearable devices
	devices
Cloud Computing	Energy-saving
Miniaturization
Data servers
AI/Metaverse
Supercomputers
Gaming services
Sensing & IoT
AI
Autonomous vehicles/
ADAS
Robotics
	Convenient/
Green Energy	comfortable
Decarbonization/	Safe/secure
Environment-
renewable energy
equipment	friendly living
Eco-cars

Semiconductor

manufacturing lines Panel manufacturing lines

	Contribution to a
TVs	sustainable earth
and human society
Displays
Smartphones
Tablet devices

Integrated Report 2022 017