Our BusinessBusiness Overview

Share of Net Sales

Share of Operating Income
Adjustments

0.1%
22.5%

18.7%

FY2013

FY2013

Net Sales

Operating Income

43.4%

47.1%

¥190.8 billion¥10.6 billion

37.9%

30.3%
Printing and Industrial Materials ProductsElectronic and Optical Products

Paper and Converted Products

Printing and Industrial Materials ProductsThis segment consists of Printing and variable information products operations and Industrialand material operations.
In our Printing and variable information products operations, we conduct the production and salesof adhesive papers and ﬁlms for seals and labels, which are the LINTEC Group’s mainstay products.
Our adhesive ﬁlms perform particularly well, boasting a share of over 50% of the domesticmarket. We are also targeting the expansion of our share in such overseas markets as China
and Southeast Asia through the enhancement of production and sales bases in these markets.
In our Industrial and material operations, we deal in a wide variety of products, including
specialty adhesive products for use in automobiles and mobile devices, PV backsheets, label
system-related equipment, materials for outdoor signs and interior ﬁnishing, and evenwindow ﬁlms for saving electricity and glass shatter-prooﬁng purposes for which demandhas been growing in recent years.
Printing and Variable
Information Products Operations
Main Products• Adhesive papers and ﬁlms for seals
and labels• Label printing machines

6

LINTEC ANNUAL REPORT 2013

Industrial and Material Operations
Main Products• Automobile-use adhesive products• Industrial-use adhesive tapes• PV backsheets• Barcode printers• Labeling machines• Films for outdoor signs and advertising• Interior ﬁnishing mounting sheets• Window ﬁlms

P.23
Management’s Discussion and Analysis
Please see pages 23-24.

Electronic and Optical ProductsThis segment consists of Advanced materials operations and Optical products operations.
In our Advanced materials operations, we develop and provide such products as specialized
adhesive tapes and related equipment essential in semiconductor manufacturing andmounting processes as well as coated ﬁlms for multilayer ceramic capacitor (MLCC) production and various materials for touch screens.
In our Optical products operations, we conduct adhesive processing for optical functionalﬁlms, including polarizing ﬁlms and retardation ﬁlms used to make LCDs; surface improvement processing for polarizing ﬁlms, such as antiglare hard coat processing, which protects
ﬁlms from scratches and reduces reﬂectivity; and the manufacturing of protection ﬁlms forpolarizing ﬁlms.
Advanced Materials Operations

Optical Products Operations

Main Products• Semiconductor-related tapes and equipment• Coated ﬁlms for MLCC production• Touch screen-related products

Main Products• Polarizing ﬁlms and retardation ﬁlms
(adhesive processing)• Polarizing ﬁlms
(surface improvement processing)• Protection ﬁlms for polarizing ﬁlms

Paper and Converted ProductsThis segment consists of Fine and specialty paper products operations and Converted
products operations.
In our Fine and specialty paper products operations, we produce and sell color papers forenvelopes and colored construction papers, products for which LINTEC holds the leading
share in domestic markets; lint-free papers for use in cleanroom environments that almost
completely prevent the occurrence of dust; oil-resistant papers for food packaging; high-grade
printing papers with special textures; and high-grade papers for paper products used forbusiness cards and postcards.
In our Converted products operations, we provide release papers and ﬁlms that protect
the adhesive surfaces of a variety of adhesive products. Additionally, we produce casting
papers that are used as patterning papers for placing designs on synthetic leather. We also
manufacture casting papers for carbon ﬁber composite materials, essential for the processof hardening the ﬁne carbon ﬁber into sheet form. Demand is expected to rise for carbon
ﬁber with increased usage, such as in the bodies of aircraft.
Fine and Specialty Paper Products Operations

Converted Products Operations

Main Products• Color papers for envelopes• Colored construction papers• Special function papers• High-grade printing papers• High-grade papers for paper products

Main Products• Release papers and ﬁlms foradhesive products• Casting papers for synthetic leather• Casting papers for carbon ﬁber
composite materials

LINTEC ANNUAL REPORT 20137

Our Performance

Performance Highlights
LINTEC Corporation and its consolidated subsidiaries
Years ended March 31

Financial Data

Millions of yen

Thousands ofU.S. dollars*% change2013

201220112013

2013 / 2012

¥190,844¥200,905¥212,733$2,029,179(5.0)

Operating income

10,564

13,97520,889112,329(24.4)

Income before income taxes

10,836

13,382

19,565

115,219(19.0)Net income

7,681

8,648

13,622

81,671(11.2)

Return on equity (ROE)

5.6%

6.6%

10.9%

——

Net income¥ 102.83¥ 115.26¥ 180.21$ 1.09(10.8)Net assets

1,909.57

1,766.60

1,715.78

20.30

8.1

34.00

40.00

40.00

0.36

(15.0)¥ 10,141¥ 10,079¥ 10,178$ 107,833

0.6

Capital expenditures

12,293

11,68410,058

130,715

5.2

Net cash provided by operating activities

19,61918,91023,307

208,606

3.7

Net cash used in investing activities(13,966)(12,262)(9,926)(148,499)

13.9

Net cash used in ﬁnancing activities(2,877)(5,099)(2,820)(30,593)(43.6)Cash and cash equivalents

40,73936,03635,188433,172

13.1

Total assets

216,048210,203206,188

2,297,163

2.8

Net assets

143,569

132,847

130,576

1,526,526

8.1

2013

2012

2011

2013

2013 / 2012

184

169

183

—

8.9

Number of employees

4,270

4,286

4,198—(0.4)

Disabled employee employment ratio (%)

1.74

1.71

1.73

—

—Net sales

Per share data (yen and dollars)

Cash dividends

Depreciation and amortization

Non-Financial Data
CO2 Emissions (1,000 tons of CO2)

* The U.S. dollar amounts are translated, for convenience only, at the rate of ¥94.05 to U.S.$1, the exchange rate prevailing on March 31, 2013.

8

LINTEC ANNUAL REPORT 2013

P.26
Financial Summary
Please see pages 26-27.

Net Sales

Operating Income¥ Billion250¥ Billion
25

190.8

200

20150

15100

1050

510.602004

2005

2006

20072008

2009

2010

2011

2012

02013 FY

Net Income / ROE

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013FYNet Income per Share / Cash Dividends per Share¥ Billion
15%
15

¥200

¥
50

1212160

40

9120

680

20

340

10003497.7

6102.83

30

5.6
30

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013 FY

2004

2005

2006

2007

2008

Net IncomeNet Income per ShareROE (right scale)

Cash Dividends per Share (right scale)

Cash Flows

Total Assets / Net Assets¥ Billion
30¥ Billion
250

2010

2011

2012

2013 FY

0216.0

19.6

20

2009

200

10143.61500100(2.9)–10–2050(14.0)
2004

2005

2006

2007

2008

2009

2010

2011

2012

2013 FY0

2004

2005

Net Cash Provided by Operating Activities

Total Assets

Net Cash Used in Investing Activities

Net Assets

2006

2007

2008

2009

2010

2011

2012

2013 FYNet Cash Used in Financing Activities

LINTEC ANNUAL REPORT 20139