Shibaura Electronics : Medium-Term Business Plan（FY2023－2025）（3MB）

SHIBAURA ELECTRONICS CO., LTD.

Medium-Term Business Plan Sense the Dynamics 2023-2025

May 22, 2023

Contents

1. Medium-TermBusiness Plan Sense the Dynamics Looking back on Fiscal Year 2022
2. Medium-TermBusiness Plan Sense the Dynamics 2023-2025
3. Sustainability Management
4. References

©2023 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.

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Medium-Term Business Plan Sense the Dynamics

Looking back on Fiscal Year 2022

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Financial objectives achievement status of plan

• In FY2022, net sales achieved the plan.
• Operating income, operating income margin and ROE fell below the target.

	FY2022 Plan	FY2022 Results	Differences
Net sales	33,000 mil. yen	33,190 mil. yen	+190 mil. yen
Operating income	6,000 mil. yen		5,460 mil. yen	-540 mil. yen
Operating income	18.2%		16.5%	-1.7 %pt
margin
ROE	13% or higher		12.7%	-0.3 %pt
*Exchange rate of FY2022
1 US dollar = 131.62 yen	1 Chinese yuan = 19.5 yen	1 Thai baht = 3.75 yen
1 Hong Kong dollar = 16.81 yen 1 Euro = 138.14 yen	1 South Korean won = 0.1019 yen

©2023 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.

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Implementation status of measures

• FY2022 Key Measures and Implementation

Basic policies		Key measures		FY2022 items implemented

• Quality /
  productivity

improvement

2 Product

development

Human resources

• development /
  Governance

enhancement

Promoting efficiency in the manufacturing process

Global procurement

Quality assurance

Product development

policy

Promote automotive

Human resources

development

Human capital management

Governance enhancement

• Introduce IT technology in the manufacturing process
• Continuous improvement activities
• Purchase from new overseas suppliers
• Promote local procurement of materials
• Establish global quality management system
• Develop compact/thin/high withstand voltage products
• Automated equipment
• Product development with standardized specifications
• Strengthen action for HVs, EVs and other eco-friendly vehicles
• Introduce automated processing machines for production of HVs and EVs
• Promote multi-skill development of employees
• Implement new personnel system at domestic factories
• Implement training system for corporate officers.

Hold executive training camps.

• Introduce shares with restriction on transfer for the Employee Stock Ownership Association
• Appointed a female outside director
• Deal with the Corporate Governance Code

©2023 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.

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