LINTEC Integrated Report 2024
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Continued capital investment and responding to demand in growing electronics markets Development of new tapes, equipment, and proprietary processes related to packaging technologies in semiconductor back-end processes Establishing mass production structures for carbon nanotube (CNT) pellicles for extreme ultraviolet (EUV) lithography equipment use, etc.positive factors were overshadowed by an overall slump in the semiconductor market due to inventory adjustments that began in the early fall of 2022. 2025, we anticipate a recovery in electronics-related markets as a whole, and we are preparing to ensure we are able to meet demand. We will reinforce our production system to meet increas-ing demand for semiconductor-related equipment, especially that involving generative AI; develop and propose new products related to packaging technol-ogy in the back-end processes of advanced semiconductors; and con-tinue to make capital investments to expand the multilayer ceramic In the fiscal year ending March 31, Rollout of optical display-related adhesive products New product development and sales growth for automotive optical clear adhesive (OCA) and other products, etc. and touch panel-related products also remained sluggish as a result of the substantial impact of a slowdown of the Chinese economy. In the fiscal year ending March 31, 2025, the Company will dramatically downsize its LCD display-related busi-ness by liquidating its manufacturing subsidiaries in South Korea and Taiwan, which were engaged in the adhesive processing business for polarizing film. We will shift our business strategy to focus on highly functional areas, such as OLED displays. The market for in-vehicle displays is characterized by a rise in the number of displays, larger screens, and screens of higher image quality. Accordingly, we expect the market for capacitor-related market. We will aim to establish new proprietary processes for semiconductors through technical review meetings, which we hold with our customers on an ongoing basis. Furthermore, we will promote invest-ment in facilities and R&D to establish the first mass production system for highly transparent and durable CNT pellicles for EUV lithography equip-ment, which are indispensable for the formation of fine circuits for next-generation semiconductors.thick OCA sheets to expand, and we will continue working to increase sales in the Chinese market, as well as to develop and market new, highly functional prod-ucts. Furthermore, to create new busi-ness we will concentrate on the development of light diffusion film for reflective LCDs and high-barrier film for next-generation solar cells. 32Medium-Term StrategiesBusiness StrategyKinya MochidaManaging Executive OfficerDeputy Executive General Manager, Business Administration Div., Executive General Manager, Advanced Materials Operations, and General Manager, Business Planning Dept.A Message from the Executive General ManagerIn the fiscal year ended March 31, 2024, the business environment entered a recovery phase in the second half due to large orders for semiconductor-related equipment used in generative AI, rising demand for some high-performance smart-phones, and vigorous semiconductor production in China. However, segment sales were down year on year, as the Satoru ShoshiExecutive OfficerExecutive General Manager, Optical Products Operations, Business Administration Div.A Message from the Executive General ManagerThe operating environment remained difficult in the fiscal year ended March 31, 2024. The adhesive processing busi-ness for polarizing film declined signifi-cantly due to intensified competition from new Chinese manufacturers of polarizing film and sluggish demand for various display-related products, such as large-screen TVs. In addition, demand for thick OCA sheets for in-vehicle use Main Initiatives in Medium-term Business Plan LSV 2030-Stage 2Main Initiatives in Medium-term Business Plan LSV 2030-Stage 2 Electronic and Optical ProductsAdvanced Materials Operations Optical Products Operations

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