Integrated Report 2019

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1LINTEC INTEGRATED REPORT 2019Contents P14 A Message from the PresidentP20A Message from the CFOP22 Special Feature 1 U.S. Subsidiaries—Current Status and Future OutlookP24Business Strategy P25A Message from the Executive General Manager, Business Administration Div. P26 Printing and Industrial Materials Products P30Electronic and Optical Products P34Paper and Converted ProductsP38 Research and DevelopmentP42Special Feature 2 On the Front Lines of Product DevelopmentOverview StrategyP44ESG Initiatives P46Environment P50Society P54GovernanceP62Discussion Among the President and Independent OfficersP66Corporate Officers P68IR Activities P69Company HistoryESGFinancial InformationP71Management’s Discussion and Analysis P73Operating Risks P74 Financial SummaryP76Consolidated Balance SheetP78Consolidated Statement of Income / Consolidated Statement of Comprehensive IncomeP79Consolidated Statement of Changes in Net AssetsP80Consolidated Statement of Cash FlowsP81 Notes to Consolidated Financial StatementsP103 Management’s Report on Internal Control over Financial ReportingP104Report of Independent AuditorsP106Investor InformationP2About LINTEC P4LINTEC’s HistoryP6LINTEC’s Strengths P8LINTEC’s Value Creation ProcessP10 Performance HighlightsP12 Major Activities in FY2019Financial InformationESGStrategyOverview