December 11, 2023

Long-Term Vision

Stock code ： 4635
TSE Satandard market

Our Long-Term Vision (Goal for 2030)
Upon the centennial anniversary of the founding of the Tokyo Ink Group, we put together a long-term vision that we call
“TOKYOink Vision 2030” as our goal for 2030.

At the Tokyo Ink Group, we are currently carrying out our “TOKYOink 2024” medium-term business plan under our
corporate philosophy of being a company that contributes to society through monozukuri that brings color and benefits toeveryday life and our vision of ourselves as a company that centers on color, collaborating with our customers tocontinually create and produce value sought by the market.

In the process of carrying out this plan, we have undertaken activities that include the creation of a new code of conduct
and HR system, but in reflection upon our century of tradition, we reexamined the purpose of the Tokyo Ink Group fromthe perspective of what we are able to do for the benefit of the coming sustainable society.

Satoshi Horikawa
The Tokyo Ink Group is a BtoB manufacturer whose business revolves around color and offers chemical products typified

President

by inks and plastics, and there is no doubt that the current changes that are happening in the global environment and inlifestyles have resulted in a harsh external business conditions for us.

On the other hand, we believe that along with our century of history, continuing to create products that are absolutely
essential in daily life forms the point of origin for the Tokyo Ink Group to grow toward its next 100 years.

This documentation explains our long-term vision leading up to 2030 and the reasoning behind it. Please be sure to read it,
as it sets out the path that the Tokyo Ink Group will take going forward.
Copyright© TOKYO PRINTING INK MFG. CO., LTD.

1

Purpose and Philosophy

PURPOSETo realize a prosperous future
by Communicating, Coloring, and Protecting
In today’s society, in which great emphasis is placed on sustainability, the communication products and coloringproducts that the Tokyo Ink Group creates in its three main businesses are essential for improving and enhancing dailylife.
The development of protection products, on the other hand, is an important area for us to tackle as a manufacturer
working toward the resolution of issues faced by society, such as preservation of the global environment, climatechange, and food waste.
The Tokyo Ink Group is a BtoB manufacturer that makers intermediate products, and we have always found our
purpose in protecting the global environment and providing continued support for prosperity in daily life by supplying
communication, coloring, and protection products for a wide range of markets, fields, and uses.
Copyright© TOKYO PRINTING INK MFG. CO., LTD.

2

Purpose and Philosophy
Our corporate philosophy, our vision for the type of company we want to be,
and our action guidelines exist to help us fulfill our purpose.
PURPOSETo realize a prosperous future by Communicating, Coloring,
PURPOSEand Protecting
VisionContribute to society through monozukuri that brings colorand benefits to everyday life.

VisionMissionA company that centers on color, collaborating with our
Missioncustomers to continually create and produce value sought by
the market.

Value

Value
Never Stop Challenging
Creating Value through Innovation
Growing Together

Copyright© TOKYO PRINTING INK MFG. CO., LTD.

3

Purpose and Business Areas
To realize a prosperous future by communicating, coloring, and protecting●By connecting people with people and communicating, we will continue tocontribute to everyday life.
Inks Division

Plastic Chemicals Division

Going beyond simply printing on paper, printing ink continues to play an important role in communicating
information even in the era of digitalization.
In the field of plastic products also, it fulfills the role of communicating in a range of applications that
include printing on containers.

●By surrounding ourselves with colors, we will continue to enrich our daily life.
Inks Division

Plastic Chemicals Division

Plastic Products Division

Bright and beautiful colors. The environment around us is full of colors.
We provide a diverse range of colors to the world by enhancing our technology for mixing and kneadingcolorants into materials.

●By protecting the planet and our daily life, we will continue to contribute tosociety going forward.
Inks Division

Plastic Chemicals Division

Plastic Products Division

We are working on the development of products that offer protection to meet new needs and to help build asustainable society, such as functional coatings and master batch products to protect food and goods fromultraviolet light and oxidization, civil engineering products to protect precious lives and property from natural
disasters, and functional products to protect Japanese agriculture, and by participating in a circular economy
through expansion of our biomass products and recycled products, we protect the planet.
Copyright© TOKYO PRINTING INK MFG. CO., LTD.

4

Overview of the Tokyo Ink Group- A Century of Progress That Shaped Us -Copyright© TOKYO PRINTING INK MFG. CO., LTD.

5

100 Years of History
1992～
Transformation toward new growth

1960～●Tokyo Ink Trading (Shanghai) Co., Ltd. established

Business expansion and creation of
new business（Inks, Chemical products, Plastic products）●Tokyo Ink (Thailand) Co., Ltd. established （Chemical●Listed on Second Section of the Tokyo Stock Exchange

1923～●Toyo Seiki Jyushikako Co., Ltd. became a consolidated(now the Standard market)

Establishment of business foundationand technological innovation

subsidiary （Chemical products）●Expanded into the plastic molding and processing●Arakawa Toryo Kogyo Co., Ltd. became a consolidated

business （Plastic products）

subsidiary （Inks）●Tokyo Printing Ink Corporation U.S.A. established●Founded in Sugamo, Tokyo (Inks)●Second factory (equipped with a clean) newly●Yoshinohara plant established （Inks, Chemical●Construction of a one-stop production systemfor varnish and ink at the Tabata plantestablished at the Toki Plant （Chemical products）

products）●Second factory newly established at the Osaka Plant● Osaka plant and Toki plant established （Chemical●Start of production of gravure inks

（Chemical products）

products ）●Entered the chemical products market withproducts）

100th
anniversary● Hanyu plant established （Inks）

colorants for plastic●Start of production of synthetic resin inks

Plastic Products Division(the offset inks of today)
2022

Plastic Chemicals Division

Inks Division
Establishedin 1923

Copyright© TOKYO PRINTING INK MFG. CO., LTD.

2001

1961
（at the time of listing）

Business Scale andBusiness Portfolio

Net sales

Net sales〉〉〉

550 bnNet sales〉〉〉

434 bn12 bn

6Business Foundation for Sustained Growth
We believe that the Tokyo Ink Group is currently characterized by its possession of core technologies rooted in thefundamental technologies the group has built up over the course of a century, and of a diverse lineup of products for a wide
range of markets and applications developed through its three main businesses.
Fundamental
technologyCoretechnology

Relatedbusinesses

Wetting control technology

Pigment dispersion
technology

Inks Division
Plastic Chemicals Division

Color mixing technology
Material selection technology
Resin quality improvement
technology

Kneading
technology

Inks Division

Plastic Chemicals Division

Plastic Products Division

Miniaturization technology
Classification technology

Material design andcompounding technology

Wide range of markets and applications

Facility design technology

Inks Division
Plastic Chemicals Division● Publishing Printing● Packaging materials● Commercial Printing● Car interiors andexteriors● Packaging Printing● Construction Material
Printing

Plastic Products Division● Specialty Printing● Agricultural materials● Everyday and miscellaneous
items● Machinery andequipment

Inks Division● Healthcare andpharmaceuticals

Plastic Chemicals Division● Civil engineering
materials● Water treatment
materials● Agricultural materials● Food packaging materials● Industrial materials● Other applications● Other applications

Molding process
technology

Mold design technology

Analytical and evaluation
technology

Plastic Products Division

３ Divisions

Point

Point

・ Fundamental technologies acquired through business expansion

・ A diverse product lineup that spans various market sectors and applications

・ Core technologies with competitive advantages based on fundamental technologies

・ A diverse range of business partners, regardless of company size,
allows for quick identification and understanding of market needs

Copyright© TOKYO PRINTING INK MFG. CO., LTD.

7

Six Sources of Capital for Achieving Sustainable Growth
By fully utilizing these six sources of capital,
we aim to harness them as a driving force for sustained growth.
HumancapitalFinancial
capital

Employees(consolidated)

By establishing a human resources strategy aligned with699

fosters a platform for individual performance and growth,

people"TOKYOink 2024" and implementing a new HR system that

we aim to transform our corporate structure to attract and12foundation that supports sustainable growth with477

shareholder returns, we will make investments towardbnNaturalcapitalWe aim to establish production bases that prioritize both
high efficiency and employee safety, with an emphasison maintaining the highest standards of product andservice quality.

Energyconsumption
volumekl

Socialcapital
We are committed to developing new technologies toachieve our mission of being a company that continuallybnchange, resource recycling and global environmental
conservation.
We have established environment management systems at
our main production bases, and are working to increase

Intellectual
capital10

We discuss and approve measures to address climate

10,503locations

R&D costs

business transformation.

develop talent capable of shaping our growth strategy.

Manufacturing
capitalProduction
bases

While balancing the expansion of a sound financial

Total assets

creates and produce value sought by the market throughcollaboration with customers, centered on color.

Customers

2,860

the level of our environment management.

We aim to respect human rights, strengthen relationships
with our customers, and foster coexistence and mutual
prosperity with local communities.

companies＊As of March 31, 2023 Natural capital is the total for FY2022

Copyright© TOKYO PRINTING INK MFG. CO., LTD.

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Long-Term Vision of the Tokyo Ink Group- Our Goal for 2030 -Copyright© TOKYO PRINTING INK MFG. CO., LTD.

9

Megatrends up to 2030
- Risks and Opportunities - from the Perspective of Sustainability
From the perspective of a sustainable society, we view gaining a proper understanding of risks and opportunities brought
about by changes in the business environment as a crucial element of management, and in the midst of such changes, we
are working on reforms that will take us beyond the conventional boundaries of our business.

Sustainability
Significant risks to business management

Megatrends

Opportunities

Global environment• Responding to a society facing global warming• Depletion of water resources• Depletion of oil resources• Increasing scale of disasters

Rising investment costs due to rising temperatures≫ •• Risingenergy costs≫• Creating new value by developing products that
reduce environmental impact and address societal
issuesRespect for human rights, Demographics• Respect for human rights• Super-aging society• Declining workforce• Work style diversification≫ ・Delays in adapting to diverse individuals and work styles≫

・ Promoting innovation by cultivating humanresources capable of envisioning growth strategies

Trust, Peace of mind/Safety• Occupational safety and health• Enhanced governance• Chemical substance management• Complianceor inadequate safety measures and quality≫ ・Insufficientassurance systems≫

・ Gaining customer trust through quality≫• Creating synergy with customers in diverse markets
and applications• Maximizing value through manufacturing innovation(monozukuri)

Innovation• Technical innovation for problem solving• Automation and labor-saving• Energy saving• Promotion of Digital Transformation (DX)
Copyright© TOKYO PRINTING INK MFG. CO., LTD.

≫

• Loss of sales and profit due to delays in developing
sustainability-oriented products• Increased operational costs due to inadequate energy-saving
efforts• Inefficient work practices from underutilization of IT tools

10Determining Materiality toward 2030
Taking into account megatrends from a sustainability perspective, as well as associated"risks" and "opportunities," we have determined the materiality (key issues) for the Tokyo Ink
Group. By backcasting from the vision we aim to achieve by 2030, we have consolidated our
focus into four key areas of materiality.
Megatrends forexternal enviroments

ＰＵＲＰＯＳＥ● Global environment● Respect for human rights, Demographics● Trust, Peace of mind/Safety● Innovation+

PURPOSETo realize a prosperous future
by communicating, coloring, and protecting▼▼▼
Back Cast

Backcasting

Magatrends

Long-Term Vision- Our Goal for 2030 -Materiality in our long-term vision
1

Providing value for a sustainable society through products and services

2

Promoting corporate management that coexists and prospers with theenvironment and society

3

Building a highly efficient and stable corporate foundation

4

Creating human resources capable of generating new value and fostering aforward-thinking mindset

Copyright© TOKYO PRINTING INK MFG. CO., LTD.

Present

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Approach to Materiality (Key Issues) toward 2030
We have outlined our approach to addressing the materialities necessary to achieve our long-term
vision (our goal for 2030). Specific measures, targets, and other relevant details will be set out in our
medium-term business plan up to 2030, and we will work diligently to realize our vision.
Approaches

Materiality in our long-term vision●Business approach●● Platform approach● Mindset approach

Materiality

１

Providing value for a sustainable
society through products and services≫

Materiality

２

Promoting corporate management thatcoexists and prospers with theenvironment and society≫

Materiality

３
Materiality

４

Building a highly efficient and stablecorporate foundation

Creating human resources capable ofgenerating new value and fostering aforward-thinking mindset

Copyright© TOKYO PRINTING INK MFG. CO., LTD.

≫≫

●Enhancing sustainable products●Accurately understanding market needs●Addressing climate change●Promoting human capital management and respecting
human rights●Contributing to society●Ensuring occupational safety and health●Financial capital strategy●Improving efficiency●Strengthening corporate governance systems●Developing human resources who embody our action
guidelines and fostering corporate culture
12Long-Term Vision (Target for 2030)

To become a corporate groupthat continues to provides sustainable value

Preparation for growth

Implementing transformation

Creating new value

Targets for 2030

● Increasing the proportion of sustainable products Reducing● GHG emissions ： -50% （by 2030） ＊ compared to 2013 levels (Scope 1 and 2)● Driving activities towards achieving carbon neutrality by 2050
● Deepen the understanding and integration of our PURPOSE and Values● Enhancing engagement scores across the organization
Copyright© TOKYO PRINTING INK MFG. CO., LTD.

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Value Creation Process- Toward Our Long-Term Vision (Goal for 2030) -Copyright© TOKYO PRINTING INK MFG. CO., LTD.

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Value creation process
Employees(consolidated)
Human
Capital699people

Materiality and Approaches

Production
bases

Manufacturing
capital12locations

Long-Term Vision
Materiality

R&D costs
Intellectual
capital１

10 bn

Megatrends

Materiality

２

Respect for human rights
Globalenvironment Demographics
Innovation

Trust
Peace of mind/Safety

Materiality

３

Providing value for asustainable society throughproducts and services

Promoting corporate
management that coexists
and prospers with theenvironment and society

Businessapproach

To become a corporate groupthat continues to provides
sustainable value

PURPOSETo realize a prosperous

Platformapproachfuture by communicating,

Building a highly efficientand stable corporate
foundation

coloring, and protecting

Targets for 2030

Total assets
Financial
capital477 bnMateriality

４
NaturalcapitalEnergyconsumption
volumeSocialcapital10,503kl
Customers

2,860
companies

Copyright© TOKYO PRINTING INK MFG. CO., LTD.

Creating human resources
capable of generating
new value and fostering aforward-thinking mindset

Mindsetapproach● Increasing the proportion of sustainable products Reducing● GHG emissions ： -50% （by 2030）＊ compared to 2013 levels (Scope 1 and 2)● Driving activities towards achieving carbon neutrality by 2050
● Deepen the understanding and integration of our PURPOSE
and Values● Enhancing engagement scores across the organization

15

Business Approch
We aim to solve societal challenges through our three main businesses, while also creatingand expanding new ventures.
Materiality and approach

Division

Strategy●Transforming Business Portfolio

Inks
Division
Materiality ❶Providing value for asustainable society
through products andservices● Biomass utilization

・Gravure inks: Expanding business scale focusing on functional products● Energy efficiency

・Inkjet inks: Creating value in industrial inkjet applications● Reduction of Food waste

・Increasing the ratio of sustainable products● Easy Recyclability

・ Developing and expanding sustainable products● Enhancing sustainable

・ Participating in the circular economy
・ Expanding into the mobility sector
・ Expanding into the healthcare sector
・ Expanding into the digital device sector

products● Reduction of CO2 emission

・Offset inks: Adapting business operations to market size

● Transforming Business Portfolio

Plastic
Chemicals
Division

Value propositions● Reduction of CO2 emission● Biomass utilization● Energy efficiency● Easy Recyclability● Reduction of waste● Netlon industrial materials: Strengthening product development in the water● Accurately understanding
market needs
Plastic
Products
Divisiontreatment field● Netlon packaging materials: Expanding environmentally friendly and sustainable● Infrastructure development(biomass) products● Securing water resources● Uniaxially oriented films: Expanding environmentally friendly and sustainable● Disaster prevention and(monomaterials/waste reduction) products

mitigation● Civil Engineering: Strengthening product and method development for disaster● Energy and labor efficiency

prevention and mitigation● Reduction of waste

Expanding products and methods for greening, CO2 reduction, and labor-saving.

● Securing Food resources● Agricultural Materials: Expanding shading and thermal insulation products to
Copyright© TOKYO PRINTING INK MFG. CO., LTD.

reduce fuel costs in facility horticulture

16Platform Approach
As one of the measures to realize a sustainable society (sustainability), we will establish afoundation based on the ESG approach.
Materiality and approach

ＥＳＧ

Promotion of Key Initiatives● Effective utilization of renewable energy

Materiality ❷● Reduction of production energy

Promoting corporate management thatcoexists and prospers with theenvironment and societyＥenvironment● Addressing climate change
human rights● Contributing to society● Ensuring occupational safety and health● Establishment and steady operation of
HR systems● Active engagement with local communities

Ｓ● Proactive investment in safety equipment

Society● Improvement of working conditions● Promotion of safety activities● Improvement of capital efficiency to support

Materiality ❸Building a highly efficient and stablecorporate foundationequipment● Promotion of health management● Promoting human capital management andrespecting● Active introduction of energy-saving

Ｇ
Governancesustainable growth

Value propositions● Contributing to a decarbonized andcircular society● Cultivating talent for innovation● Enhancing productivity through diverse
work styles● Supporting the development of nextgeneration talent● Assisting employment for individuals
with disabilities● Engaging in environmental conservation
activities● Providing a safe and secure workplace● Increasing shareholder value● Returning value to shareholders● Focus on the earning power of each business● Creating a comfortable work environment● Implementation of appropriate risk

● Earning trust from all stakeholders

management processes● Financial capital strategy● Strict adherence to compliance● Improving efficiency● Fair and prompt disclosure of information● Strengthening corporate governance systems● Efficient operation of business systems● Providing a comfortable work environment● Advancement of production lines● Enhancing corporate value(automation and labor saving)
Copyright© TOKYO PRINTING INK MFG. CO., LTD.

17

Mindset Approach
By fostering understanding and empathy for our philosophy, we will shape the desired
individual profile and cultivate the corporate culture we aspire to.
Materiality and approach

Category

Initiatives

Materiality ❹Creating human resources capable ofgenerating new value and fostering aforward-thinking mindset● Understanding and embracing PURPOSE
and Values
Individual
mindset● Developing human resources who
embody our action guideline andValue・ーNever Stop Challengingー・ーCreating Value through Innovationー・ーGrowing Togetherー

Desired characteristics andtarget company culture
Desired Characteristics
・Individuals with a broad interest andability to think in terms of value creation
・Those with a spirit of challenge and theability to execute・Individuals who possess strong communication
skills, respecting others while expressing
their own feelings

fostering corporate culture

Organizational
mindsetCopyright© TOKYO PRINTING INK MFG. CO., LTD.

● Promoting Purpose and Values● Developing Systems and Education
Frameworks to Enable

Target Company Culture
・Generating exciting,forward-looking proposals and ideas,
and enjoying challenges
・Respecting others while ensuring thateveryone has an equal opportunity to voice
opinions, including those with differing
views, and fostering full commitment toachieving positive results

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PURPOSE
To realize a prosperous future
by Communicating, Coloring, and Protecting