Unique Technological ProwessWe develop world-class carbon products. We offer cutting edge Solid SiC (silicon carbide) technology for semiconductor manufacturing.Global SynergiesOperations located across the globe are collaborating to bring our technology and efciency to a higher level.100 Years of QualityFor over a century, we have been working with customers and suppliers to achieve greater levels of quality.Solid Customer BaseWorld-class quality has earned us high praise from customers across the globe.Financial BaseCorporate GovernanceTechnical StrengthMegatrends AffectingOur BusinessesTokai Carbon’s StrengthsManagement Resources Supporting Value CreationCapital Expenditure¥24.3billionR&D Expenditures¥2.4billionCapital-to-asset ratio45.8%Rating (Rating & Investment Information, Inc.(R&I))A-Uncertain international environmentEmergence of climate change riskStricter environmental regulation across the globeShift to green energyIncreasingly serious decline in Japan’s working-age populationAdvancement of the digital revolution (AI, IoT)Deterioration of social infrastructureValue Creation/Value Creation ModelHelping to Increase Value for SocietyDrawing on strengths our businesses have developed and on our enhanced management platform, we are contributing to the ongoing development of industry, while also helping to lower the burden on the global environment. 12TOKAI CARBON ANNUAL REPORT 2019
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