I would like to express my sincere gratitude to all stakeholders for your continued support and patronage.
Society has faced a series of increasingly serious challenges in recent years, including the prolonged spread of COVID-19, abnormal weather and natural disasters due to climate change, human rights issues and conflicts between nations as well as supply chain disruptions and cyber-attacks. These challenges affect industry, society and the lives of people.
Meanwhile, the transition to a data-driven society is progressing at an unprecedented speed, including the spread of IoT, AI and 5G, smarter industries, evolution of autonomous driving and use of metaverse that has been gathering attention. For semiconductors, which are supporting the core of this shift, expectations for technological innovations such as larger capacity, higher speed, higher reliability and lower power consumption are limitless. The semiconductor market exceeded US$500 billion for the first time in 2021 and is expected to exceed US$1 trillion by 2030, more than double the current market. Along with this, the semiconductor production equipment market in which we operate is also expected to expand even further.
Under such circumstances, we will apply our expertise as an equipment manufacturer developed through being an industry leader and pursue technological innovation in semiconductors to contribute to the development of a dream-inspiring society.
Tokyo Electron established a new Vision in June 2022 and formulated its new Medium-term Management Plan that includes new financial targets as we strive for further growth. Under this plan, we will continue striving for the Best Products and Best Technical Service, and will strive to achieve short-, medium- and long-term profit expansion and continuous corporate value enhancement.
Tokyo Electron pursues technological innovation in semiconductors that supports the sustainable development of the world.
We aim for medium- to long-term profit expansion and continuous corporate value enhancement by utilizing our expertise to continuously create
high value-added leading-edge equipment and technical services.
Our corporate growth is enabled by people, and our employees both create and fulfill company values. We work to realize this vision through
engagement with our stakeholders.
Our pursuit of sustainability is the realization of this Vision and the practice of our Corporate Philosophy of "We strive to contribute to the development of a dream-inspiring society through our leading-edge technologies and reliable service and support." We undertake a diverse range of company-wide measures through our business. As the importance of semiconductors increases in society, we strive to strengthen our material issues, which are “Product Competitiveness” by creating next-generation products with overwhelming added value, ”Customer Responsiveness” to be the sole strategic partner using our customer responsiveness, “Higher Productivity” to continually improve operational efficiency, in addition to “Management Foundation” which supports our business activities at the foundational level.
With regard to the environment, we launched the E-COMPASS (Environmental Co-Creation by Material, Process and Subcomponent Solutions) environment-focused initiative in June 2021. We will work together with our customers and partner companies to promote technological innovation and reduce the environmental impact of semiconductors throughout the entire supply chain from the following three main perspectives.
■Pursuing higher performance and lower consumption in semiconductors
■Achieving both the process performance and environmental performance of equipment
■Reducing CO₂ emissions in all business activities
In June 2022, in addition to our medium-term environmental goals for 2030, we have established the long-term environmental goal of reducing greenhouse gas emissions to net zero by 2050 toward the realization of net zero. As a leading company in environmental management, we will contribute to the preservation of the global environment by actively promoting the reduction of the environmental impact of our products, plants and offices.
We also value the concept of human rights based on a strong sense of integrity. We are working to identify and correct human rights risks through the implementation of human rights due diligence within our Group as well as suppliers. We will incorporate the concept of respect for human rights into every aspect of our business activities, and strive to nurture a dynamic corporate culture where each person can realize his or her full potential.
To promote sustainability management in line with international frameworks, we signed the United Nations Global Compact and are taking on SDGs. We also joined the Responsible Business Alliance (RBA) and strive to comply with its code of conduct in our supply chain.
We will continue to promote sustainability-focused management and contribute to addressing issues of industry and society as well as their development to fulfill our mission and responsibilities, aiming to remain a company that is loved and trusted by all stakeholders.
Your continued support and patronage are very much appreciated by all of us at Tokyo Electron.
Representative Director, President & CEO
Tokyo Electron Limited