2021202220232024(Target)33.724.022.020.5Main Products• Polarizing films / adhesive processing• Touch screen-related productsApplication of the Accounting Standard for Revenue Recognition led to a substantial year-on-year decline in divisional sales, which were up, however, under the previous standard. However, since the beginning of the current fiscal year, the business environment has become more severe than we had initially expected. The reason is that the rise of Chinese companies has made the market increasingly competitive, teleworking and stay-at-home demand has run its course, and personal consump-tion has languished due to a sluggish global economy. In response, we aim to strengthen cooperation with a collaborating manufac-turer to expand sales of high-end products and promote efficient operations. Also, one key to growth will be our expansion of busi-ness outside the area of the adhesive processing of polarizing film. In particular, we are seeing a solid response to our offerings of thick adhesive sheets for automotive applications. We hope to further increase our market share as display sizes continue to increase. In addition to our focus on expanding sales of environ-mentally friendly, solvent-less products that offer excellent perfor-mance, we are cultivating new demand outside the automotive industry by offering products with additional functionality: UV blocking, coloring, and light diffusion. The LINTEC Group’s strength lies in its ability to design overall products from the dual perspectives of adhesion and release. We will continue honing our offerings to ensure against missing out on commercial opportuni-ties, regardless of what displays become mainstream in the future.¥ Billion 040302010Note: 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.(Forecast)LSV 2030-Stage 1(Fiscal years ended / ending March 31)38Business StrategyNet Sales: Optical Products OperationsBusiness 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 OCA sheets used in automotive touch screens.A Message from the Executive General Manager, Optical Products OperationsDuring the fiscal year ended March 31, 2022, we experienced strong growth in the business of adhesive processing of polarizing film. This was the result of greater demand for mobile PCs, desk-top monitors, and TVs, as COVID-19 prompted teleworking and demand from people staying at home. In addition, thick OCA sheets for optical applications for in-vehicle use grew, despite a decrease in automobile production in the second half of the year. Satoru ShoshiExecutive OfficerExecutive General Manager,Optical Products Operations, Business Administration Div.Optical Products Operations
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