Integrated Report 2022
Year Ended December 31, 2022
Technology Deepens at
0.000000001 m
-PURPOSE/PHILOSOPHY-
Purpose:
Contribute to a sustainable
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
CSR Policy
Management
Vision
The e-Material Global CompanyTM contributes to a sustainable future through chemistry
- 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.
Value Creation Story
Initiatives to Address Material Issues for Enhancing Corporate Value
Data Section
future through chemistry
Integrated Report 2022 001
August 2023
Noriaki Taneichi
Representative Director,
President & Chief Executive Officer
002 TOKYO OHKA KOGYO CO., LTD.
Value Creation Story
Initiatives to Address Material Issues for Enhancing Corporate Value
Data Section
-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.
Integrated Report 2022 003
CORE COMPETENCE 1
-World-leading microprocessing technology |
Enhancing intellectual capital and continuously contributing to a sustainable future
Value creation area = 1 nanometer*1
0.000000001 m
*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.
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.
Value Creation Story
Initiatives to Address Material Issues | Data Section |
for Enhancing Corporate Value | |
Highlights 2022
Aggregate market value
¥255.1 billion*4
Semiconductors
TOK photoresists
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 | Interactive AI | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General electronic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 expectations by strengthening manufactured capital
Less than
1/1,000,000,000,000
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 |
TOK founder | final products |
Batteries used in hard | |
hat lights for coal miners |
Outputs
The first high-purity potassium 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
Examples of final products
Black-and-white TVs
Outputs The first high-purity
potassium silicate produced in Japan, Ohka Seal
006 TOKYO OHKA KOGYO CO., LTD.
Value Creation Story
Initiatives to Address Material Issues | Data Section |
for Enhancing Corporate Value | |
Highlights 2022
Consolidated net sales
¥175.4 billion
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 | |
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
Photoresists for image sensors
Long-run research and development | Release and | |||||||||||||||||||
(approx. 10 years) | ||||||||||||||||||||
gro | w | t | h | i | n | |||||||||||||||
2003 |
*1 FY 2013/3 vs. FY 2022/12
EUV photoresists
008 TOKYO OHKA KOGYO CO., LTD.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
TOK - Tokyo Ohka Kogyo Co. Ltd. published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 11:49:12 UTC.