Investor relationsMedium-term management plan

The TOCALO Group is advancing a medium-term management plan to fiscal 2025 that reflects our vision of “contributing to a bright future for people and nature.”
The plan seeks to enhance our corporate value by generating continuous growth and by contributing to the world in terms of both technology and the environment.

Our vision (goal for 2030)

Contributing to a bright future
for people and nature

Medium-Term Management Plan FY2021-FY2025

Management philosophy

Become “a well-established corporate group
with advanced technologies
and high profitability.”

  • Non-fossil fuels
  • Renewable
    energy power
  • High-speed communications
  • ICT/
  • Smart
  • Recycling

Additional materials

Establishing continuous growth

As we implement the management plan, we are strategically reforming our business structure.
We are expanding the product applications of our existing businesses in the semiconductor & FPD and the environment & energy sectors.
We are also seeking to expand sales by growing into new business domains, such as the agriculture and medical sectors.

Future business structure

Future business structure
  • Semiconductor-related sales are influenced by the market volume of global WFE (Wafer Fab Equipment/Front-end Process for Semiconductor Production)

Focus areas and growth strategies

We developed two core initiatives based on our analysis of industry megatrends.
We will develop projects and expand our product applications for both our existing businesses and in new business domains under the two categories of People and the Environment.


  • 2 飢餓をゼロに
  • 3 すべての人に健康と福祉を
  • 9 産業と技術革新の基盤をつくろう
  • 11 住み続けられる街づくりを
Application fields Application development and target items
  • ESC:
    Expand development of thermal spraying applications
    Accelerate development of multifunctional coatings
  • Chamber Parts:
    Next-gen coating development for diversified miniaturized processes
    Next-gen coatings for the multi-layering process and high aspect shift
  • Large-size FPD and organic EL displays with high functions: Promote development of optimal coatings and mass productions
(Medical, Agriculture, Food)
  • Medical Instruments (non-stick, corrosion resistance, controlled wettability)
  • Agricultural Equipment: Application development
  • Food Processing Machinery (wear resistance, non-stick, anti-biofilm, corrosion resistance)


  • 7 エネルギーをみんなに そしてクリーンに
  • 9 産業と技術革新の基盤をつくろう
  • 13 気候変動に具体的な対策を
Application fields Application development and target items
  • Renewable energy power generation (meeting increasing demands of hydro and wind power generation, improving durability of solar and geothermal energy)
  • Non-fossil fuels (Alternative fuels such as hydrogen, ammonia, and biomass. CO2 emission control techniques)
  • Creation of projects in the environmental businesses
  • Off-grid power source (secondary battery components such as LIB and NAS, fuel-cell components [SOFC])
  • Expand applications for recycling facilities (electric furnace, non-ferrous refining, petrochemical production field)
Others (Transportation)
  • Aircraft components coating application development
  • Coating development for EV related items in the automotive industry

Management measures and themes

We are formulating specific measures aimed at strengthening our market development capabilities, fortifying our technology development structure,
and enhancing the sophistication of our manufacturing processes.

Theme Measures for business expansion Measures for internal management
Reinforcing market development Sophistication of service structures
  • Shift from a supplier to a partner
  • Provide optimal solutions to customers
  • Establish projects in key areas (diversify revenue sources)
  • Promote of DX (digital transformation)
  • Cultivate problem-solving expert solution advisors
Global operations
  • Restructure maintenance service business
  • Promote localization (collaborate leading local companies)
  • Technical assistance (reinforce the licensing business)
  • Reinforce the global risk management system
  • Develop a well-planned global human resources
Reinforcing technological development Ensuring technological superiority
  • Invest focused on advanced coating development
  • Promote cooperation among government, industry and academia
  • Enforce the intellectual property strategy
  • Make the human resource development plans more sophisticated
  • Enhance the technical databases
Sophistication of manufacturing Sophisticating and improving efficiency of manufacturing processes
  • Reinforce production capabilities
  • Optimize cost & delivery
  • Practical application of new coating technologies
  • Enable on-site smart processing
  • Safety first commitment
  • Human resource development and technology transfer
  • Promotion of automation and IoT
Reinforcing the quality control system
  • Reinforce process control
  • Address and establish product performance assurance
  • Ensure smooth operation of quality control systems (ISO and others)
  • Establish PQP (product qualification plan)
Reducing environmental impact
  • Strategic decarbonization (toward carbon neutrality)
  • Develop and implement a green growth strategy
  • Improve process methods to reduce electric power consumption
  • Utilize renewable energy
  • Prevent water and air pollution

ESG management

We will promote ESG management to improve corporate value
and achieve sustainable growth.


For zero greenhouse gas emissions*

  • Consider coating methods without using fossil fuels
  • Reduce electric power consumption by improving manufacturing processes
  • Utilize renewable energy

Prevention of water and air pollution

  • Assess and improve the status of all business processes

Target: 46% reduction in greenhouse gas emissions by the end of FY2030 compared to FY2013 (government target)
(2 years preparation period from 2021 to 2022)


Human resource development and better working environment

  • Promote diversity (values talents of women, persons with disabilities, mid-career employment)
  • Promote workstyle reform
  • Promote digital transformation
  • Formulate a medium- and long-term human resource development plan


Make internal controls more sophisticated

  • Implement ESG initiatives
  • Promote engagement with domestic and overseas investors
  • Fully conform to Corporate Governance Code
  • Fully commit to compliance

Medium-term management plan additional materials

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