Integrated Report 2023
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202220232024(Forecast)24.016.614.40403020102021Note: Due to the application of the Accounting Standard for Revenue Recognition, sales are down sharply compared with the period prior to application in the fiscal year ended March 31, 2021.Net Sales: Optical Products OperationsLSV 2030-Stage 133¥ BillionBusiness Operations IntroductionIn Optical Products Operations, LINTEC produces and sells adhe-sive products for a variety of optical displays using its development technology for special adhesives and surface coating agents, its precision coating technology, and its high-performance production facilities. In addition to mainly carrying out adhesive processing of polarizing film used in LCD and OLED displays, the Company is working to launch and increase sales of new products, such as thick optical clear adhesive (OCA) sheets used in automotive touch screens.Main Initiatives in Medium-term Business Plan LSV 2030-Stage 1• Develop adhesives for next-generation displays• Develop and expand sales of new optical clear adhesive (OCA) products• Enter new markets for light diffusion film33.7(Fiscal years ended / ending March 31)A Message from the Executive General Manager, Optical Products OperationsThe fiscal year ended March 31, 2023, saw a significant decrease in the adhesive processing business for polar-izing film. This was due to a slowdown in the shipment volume of various display-equipped devices, such as optical display-related products for use in large-size TVs, PCs, and smartphones, caused by the backlash from the COVID-19 demand surge, reduced personal consumption due to accelerating inflation, and supply chain disruptions caused by lockdowns in China. On the other hand, touch screen-related products, such as thick OCA sheets for optical applications for in-vehicle use, which is a current area of focus, performed firmly. In the polarizing film business, where competition is increasingly intense due to the emergence of Chinese manufacturers, we continue to strengthen our ties with a cooperating manufacturer of polarizing film and expand our presence in the high-end market. Going forward, we will focus on reducing costs by streamlining product areas such as adhesives and release film, as well as on establishing an optimal global production system. Additionally, for thick OCA sheets, we aim to expand sales in the Chinese market and launch high-functional new products such as solvent-less, UV-cutting, corrosion-resistant, colored, and light-diffusing film. Furthermore, we will concentrate on the development of light diffusion film for reflective LCDs and high-barrier film for next-generation solar cells.Optical Products OperationsSatoru ShoshiExecutive OfficerExecutive General Manager, Optical Products Operations, Business Administration Div.

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