508642020212022202320212022202321.410.39.68.47.27.522.08.0Despite these challenging conditions, we revised our planned capital expenditures during the three years of LSV 2030-Stage 1 from the initially planned ¥40.0 billion to ¥53.7 billion to pro-mote the aggressive investment needed to drive the Group’s growth. We mainly increased investment in electronics-related products, including semiconductor-related products and multilayer ceramic capacitor-related tape, which we are positioning as an engine of growth. In addition to boosting capacity, we will build a production system that also takes into account such factors as automation, labor and energy sav-ings, and a reduction in CO2 emissions. We expect demand for semiconductor- and multilayer ceramic capacitor-related products to grow in the medium to long term, spurred by the proliferation of 5G high-speed communications, data centers, electric vehicles, and self-driving vehicle technologies. For this reason, we will continue to invest flexibly in this category, including through R&D investment. We made major corporate and business acquisitions to strengthen our label-related business in North America. Last April, our U.S. subsidiary, MACTAC AMERICAS, LLC, acquired DURAMARK PRODUCTS, INC., a U.S. manufacturer of adhe-sive products, for approximately ¥6.4 billion. In addition, in February 2022 we established SPINNAKER PRESSURE SENSITIVE PRODUCTS LLC to handle a business we pur-chased from a U.S. adhesive products manufacturer for approximately ¥4.6 billion. The MACTAC Group will incur approximately ¥3.0 billion in annual goodwill amortization costs through fiscal 2026. However, by strengthening our production and sales structure through this series of invest-ments, we aim to capture demand in the North American label-related market, which is trending toward expansion, and achieve an early return to profitability, including the The LINTEC Group believes boosting profitability and capital efficiency are among the most important initiatives for achiev-ing sustainable growth. Accordingly, we have set an operating profit margin of 12% or more and ROE of 10% or more as financial indicators to be achieved by the fiscal year ending March 31, 2030. Notably, Printing and Industrial Materials Products, the business segment that accounts for the majority of the LINTEC Group’s consolidated net sales, moved into the black in the fiscal year ended March 31, 2022. Even so, we need to improve profitability further. In Japan, we continue to move ahead with a profit-improvement project involving the Business Administrative, Production, Procurement, and Research & Development divisions. These divisions are working together on initiatives to review raw materials, increase production efficiency, and reduce fixed costs. We will also continue to focus on improving the profitability of our overseas subsidiaries.amortization of goodwill. We will continue to consider produc-tion-boosting investments and acquisitions, targeting coun-tries and regions where we can expect growth for the Group. Other important measures involve the transformation of design, development, manufacturing, logistics, and other business processes through digital technology, in other words, through digital transformation (DX). On the production front, we plan to introduce AI to make our capital expenditures, in multilayer ceramic capacitor-related tape mentioned earlier “smarter.” We also plan to revamp the enterprise resource planning system at some of our bases. Going forward, we will accelerate investment in systems to improve operational efficiency and reduce costs, including in sales, research, and administrative divisions.12.912.96.4Capital Expenditures¥ BillionOperating Profit Margin%252015102020102020(Planned)(Fiscal years ended / ending March 31)(Forecast)(Fiscal years ended / ending March 31)2024(Planned)2024(Target)27Investing Aggressively in Growth FieldsAiming to Increase Profitability and Capital Efficiency
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