Purpose:
The meaning of the existence of TOK
Contributing to
a sustainable future through chemistry
Management Principles
Create a frank, open-minded business culture, continue efforts to enhance technology, raise the level of quality of products,
and contribute to society
Management Vision
"The e-Material Global Company®" contributing to a sustainable future through chemistry
CSR Policy
- Increases the sustainable corporate value as a whole group by improving employee engagement.
- Continues to provide high-value-added products that contribute to technological innovations in order to resolve social issues.
- Strives to grow together with society and remain as an attractive company that earns the trust of all stakeholders.
Integrated Report 2021 001
Sources of Value Creation1
- World-leading microprocessing technology
TOK is the manufacturer with the largest global market share for semiconductor photoresists.*2 TOK's purpose of contributing to a sustainable future through chemistry is supported and prac-
ticed by the three core competences of microprocessing technology, high purification technology, and customer-oriented strategies.
TOK developed semiconductor photoresists for the first time in 1968, and since that time, the company has continuously upgraded its microprocessing technology, which contributes to the higher performance, lower power
Initiatives to Address Material Issues | |||
Value Creation Story | Data Section | ||
for Enhancing Corporate Value | |||
Value creation area = 1 nanometer*1 | |||
2021 | |||
0.000000001 m | |||
Aggregate market value | |||
Highlights | |||
¥289.6 billion* | |||
*1 Approx. 1/100,000 of the thickness of a hair | 4 | ||
Energy-saving effect through
semiconductor miniaturization pursued
by TOK over the past 50 years
Approx. 1/4,000,000*6
consumption, lower cost, and smaller size of semiconductors,Semiconductors thereby consistently satisfying social expectations with its final products.
Social
Social
expectation
Always satisfying social expectations with microprocessing technology
Social
expectation
Social
expectation
Social
networking
expectation
Promotion of
decarbonization
Achieving
a new normal
2020s
Social
expectation
More efficient
economic activities
1970s
Social
expectation
More advanced
information processing
1980s
More advanced communication
1990s
2000s
2010s
Examples of final products Calculators*3
Outputs
First semiconductor positive photoresist developed in Japan
1970s
Trends of line Line width of semiconductors width of semi-
conductors*5 ▶
Examples of final products
PC
Outputs
i-Line photoresists
Trends of aggregate market value of TOK*4 ▶
1980s
Line width of semiconductors
1,500-
600 nm
Examples of final products
Feature phones
Outputs
KrF excimer laser photoresists
1990s
Line width of semiconductors
600-
130 nm
Examples of final products
High-performance PC
Examples of final products
General electronic products
Outputs
Examples of final productsEUV photoresists
Smartphones
Outputs
Full portfolio
Outputs
ArF excimer laser photoresists
2000s | 2010s- | Since the 2020s |
Line width of semiconductors | Line width of semiconductors | Line width of semiconductors |
130- | 32- | 5 nm |
32 nm | 7 nm |
*2 Based on the sales quantity of EUV, ArF, KrF, g-Line, and i-Line photoresists in 2021 (calculated by TOK and based on Fuji Keizai "Current Status and Future Outlook of Semiconductor Material Markets 2022")
*3 The photos of examples of final products on this page are conceptual images.
*4 Calculated on the basis of the closing stock price at each term end and the number of shares issued (including treasury stock); The scale of the conceptual graph of aggregate market value does not strictly match the year indications of topics.
002TOKYO OHKA KOGYO CO., LTD.
*5 Includes TOK's estimates for the decades shown
*6 A rough estimate for two-dimensional semiconductors (1970: 10,000 nm ➞ 2022: 5 nm); Based on scaling laws where miniaturization in line width to approximately 1/2,000 of the original size leads to power consumption of approximately 1/2,0002, or approximately 1/4,000,000.
Integrated Report 2021 003
Sources of Value Creation2
- World-leading high purification technology
The second core competence of TOK is its high purification technol- | ||
ogy, which has been continuously upgraded since its foundation | ||
with a longer history than microprocessing technology. | ||
Our fine chemical products leveraged high purification technol- | ||
ogy, which satisfied many social expectations in the early post-war | ||
era of Japan. Following the subsequent global deployment, the | ||
technology provides customers around the world with high-purity | ||
TOK's high-purity | ||
chemicals & photoresists | Semiconductors | chemicals and semiconductor photoresists that substantially |
contribute to higher productivity (yield) and the saving of resources | ||
in the semiconductor industry. |
Always satisfying social expectations with high purification technology
Source
1940 Original management principles presented by the founder Shigemasa Mukai
- "Create a frank and open-minded business culture, continue efforts to enhance our technology, raise the quality levels of our products, and contribute to society"
Initiatives to Address Material Issues | |||
Value Creation Story | Data Section | ||
for Enhancing Corporate Value | |||
Level of impurities in TOK's cutting-edgehigh-purity chemicals | |
2021 | |
Less than 1/1,000,000,000,000 | |
Highlights | |
Consolidated net sales
¥140.0 billion
Trends in level of high purification (impurities)*1
1970s | 1980s | 1990s | 2000s | 2010s | 2020s | ||
Level of | Level of | Level of | Level of | Level of | Level of | ||
impurities | impurities | impurities | impurities | impurities | impurities | ||
≤ 1 ppm | ≤ 100 ppb | ≤ 1 ppb | ≤ 100 ppt | ≤ 10 ppt | ≤ 1 ppt |
*1 1 ppm = 1/1,000,000; 1 ppb = 1/1,000,000,000; 1 ppt = 1/1,000,000,000,000
Source
Frank and open- minded business culture
Foundation
Social | Social | ||
expectations | expectations | ||
Safety of | Development of | ||
workers | culture | ||
40s | 1950s | ||
- | |||
1930 | |||
Social | Social | Customer | |||
expectations | expectations | expectations | |||
Higher | Resource saving | Higher | |||
and environmental | |||||
productivity | purification | ||||
2 | 2 | contribution | |||
1970s* | 2000s* | 2020s | |||
Examples of final products | Outputs | Examples of final products | |
Black-and-white TVs | |||
Batteries used in hard hat | The first high-purity | ||
Shigemasa Mukai, TOK founder | |||
lights for coal miners | potassium silicate | ||
Outputs | produced in Japan, | ||
The first high-purity potassium | Ohka Seal | ||
hydroxide produced in Japan |
*2 Includes estimates by TOK for the decades shown.
The scale of the conceptual graph does not strictly match the year indications of topics.
Trend diagram of
TOK's net sales ▶
004TOKYO OHKA KOGYO CO., LTD.
Value provided | Value provided | Value provided | |
Higher yield in semi- | Reduced material | Pursuing defect-free | |
conductor production | loss in semiconductor | semiconductor | |
production | production by | ||
leveraging super | |||
Outputs | Outputs | Outputs | cleanrooms |
High-purity chemicals and | High-purity chemicals and | High-purity chemicals and | |
semiconductor photoresists | semiconductor photoresists | semiconductor photoresists |
Integrated Report 2021 005
Sources of Value Creation3
Initiatives to Address Material Issues | |||
Value Creation Story | Data Section | ||
for Enhancing Corporate Value | |||
- Customer-oriented strategies
Customer-oriented strategies are the strengths that continuously advance the benefits of microprocessing technology and high purification technol- ogy, and TOK delivers them to all parts of the world.
TOK opened its first overseas site in 1987 and accelerated overseas expansion as the offshoring of the semiconductor industry proceeded.
In 2012, the company established a customer-oriented site in South Korea with its trifecta of development, manufacturing, and marketing functions.
The company also promotes the same strategies in Taiwan and the United States and is engaged in long-term research and development activities based on a close relationship of trust with leaders in the global semiconductor industry.
Texas Instruments Inc.
Supplier Excellence Award
(2018)
Overseas sales growth rate over the past 10 years (FY 2012/3 vs. FY 2021/12)
109% (2.1-fold)
2021
Highlights
Overseas sales ratio
78.8%
Number of employees
(consolidated)
1,816
Continuously expanding social and relational capital to all parts of the world
Overseas
expansion
Overseas | Taiwan | Overseas | |
expansion | expansion | ||
USA | 1998 | China | |
1987 | 2004 |
2012
Customer-
oriented
South Korea | Customer- |
oriented | |
Taiwan |
2014
Customer-
oriented
Taiwan
2016
First overseas site in Asia
TOK Taiwan Co., Ltd.
(Miaoli plant)
First overseas site | Trend diagram of | First manufacturing site in China |
TOK employees* ▼ | ||
Ohka America, Inc. | Chang Chun TOK (Changshu) Co., Ltd. | |
(present TOK America) | (Changshu plant) |
Contributing to a sustainable future through chemistry and long-run research and development under customer-oriented strategies
Long-run research and development (approx. 10 years) | 2003 |
Photoresists for | Release and |
image sensors | growth |
* Employees since FY 1986/11 (unconsolidated until FY 2001/3 and consolidated since FY 2002/3); EUV photoresists | |
The scale of the conceptual graph does not strictly match the year indications of topics. |
The trifecta of development, | The trifecta of development, | |
manufacturing, and marketing | manufacturing, and marketing | |
TOK Advanced Materials Co., Ltd. | TOK Taiwan Co., Ltd. | |
Upgrading the customer-oriented strategies | (Tongluo No. 2 plant) | |
TOK Taiwan Co., Ltd. | ||
(Tongluo plant) |
Long-run research and development (approx. 10 years) | 2019 |
MEMS materials | |
Growth | |
Long-run research and development (approx. 20 years) | 2019 |
Release and
growth
006 TOKYO OHKA KOGYO CO., LTD. | Integrated Report 2021 007 |
Value Creation Story | Initiatives to Address Material Issues | Data Section |
for Enhancing Corporate Value | ||
Value Creation Drivers of TOK
- Photoresists
Customer-oriented
strategies
Microprocessing High
technology purification technology
TOK's market share for semiconductor photoresists (based on sales volume in 2021*1)
EUV | ArF excimer | KrF excimer | g/i-Line |
photoresists | laser photoresists | laser photoresists | photoresists |
42.7% | 15.8% | 31.7% | 26.0% |
Global No. 1 | Global No. 3 | Global No. 1 | Global No. 1 |
*1 Source: Fuji Keizai "Current Status and Future Outlook of Semiconductor Material Markets 2022" *2 Calculated by TOK based on aggregation by SEMI
Global semiconductor photoresist market size
(based on sales amount in 2021*2)
US$2,420,373,000
Increased by 19.4% year-on-year
Social value creation with semiconductor photoresists
- 2021 Highlights
-
EUV photoresists
Contributed to the reduction in line width
from 7 to 5 nm
Reduced semiconductor power consumption
by 30%
- Contributed to energy savings of cutting-edge smartphones
- KrF excimer laser photoresists
Contributed to increasing the number of layers
in 3D-NAND from 96 to 112
Upgraded data server processing speed
by 50% at maximum
- Contributed to work-style reform and higher productivity
- i-Linephotoresists Substantialgrowth in sales
for power semiconductors
- Contributed to decarbonization
Contents
Value Creation Story
- Sources of Value Creation
- Value Creation Drivers of TOK
- TOK Photoresists
- Output and Outcome
- Portfolio
- Capital
- Culture and Business Model
- Value Creation Process
- Message from the President
-
Review of the Two Past Medium-Term Plans/
Positioning of TOK Vision 2030 and Medium-Term Plan 2024
- Review of Segment Operations
- Messages from the Officer in charge of DX and the Director in Charge of Research and Development of New Businesses
- Message from the CFO
Initiatives to Address Material Issues for Enhancing Corporate Value
- Stakeholder Engagement
- Our Material Issues
- Message from the Director in Charge of Marketing and Development
- Message from the Director in Charge of General Affairs and Human Resources
- Three-WayDiscussion: Initiatives for Improving Employee Engagement
and Future Corporate Culture
- Message from the Director in Charge of the Environment
- TCFD-BasedInformation Disclosure on Climate Change
- Board of Directors/Audit and Supervisory Board Members and Officers
- Message from Outside Directors and Audit & Supervisory Board Members
- Corporate Governance
- Global Environmental Conservation Considering Future Generations
- Supply Chain Sustainability
Data Section
- Trends of Key Ten-Year Data and Analysis
- Photoresist Data
- Consolidated Financial Statements
- Stock Information
- Global Network
- Corporate Information/External Evaluation
- Third-PartyVerification Report
Editorial Policy
Scope and time frame of this report
-
Time frame
Fiscal year ended December 31, 2021 (January 1, 2021, to December 31, 2021) (Includes some information after January 2022) - Organization
Tokyo Ohka Kogyo Co., Ltd., and its consolidated subsidiaries and equity method affiliates (see pages 132-133"Global Network," unless otherwise specified in the text) - Publication on the website
Information on the various initiatives related to financial and nonfinancial information, including information not presented in this integrated report, can be found on the Company website. https://www.tok.co.jp/eng
Reference guidelines
- International Integrated Reporting Framework published by the VRF
- Guidance for Integrated Corporate Disclosure and Company-Investor Dialog for Collaborative Value Creation published by the Ministry of Economy, Trade and Industry
- Environmental Reporting Guidelines 2018, published by the Ministry of the Environment
- ISO 26000: 2010 - Guidance on Social Responsibility, released by the Japanese Standards Association
- GRI Sustainability Reporting Standards
Forward-looking statements
This integrated report contains forward-looking statements that present the future prospects of Tokyo Ohka Kogyo Co., Ltd., (the Company) in terms of business planning, earnings, and management strategies.
Such statements are based on management judgments and are derived from information available at the time the information was prepared. Readers are cautioned not to rely solely on these forward-looking statements because actual results and strategies may differ substantially in the event of changes in the Company's business environment.
008 TOKYO OHKA KOGYO CO., LTD. | Integrated Report 2021 009 |
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TOK - Tokyo Ohka Kogyo Co. Ltd. published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 12:41:08 UTC.