Yamaichi Electronics : New Medium-Term Management Plan for FY2023–FY2025

New Medium-Term

Management Plan for

FY2023-FY2025

May 12, 2023

Basic Philosophy

Although global economic activities are returning to normalcy at an increasing rate of speed due to the implementation of policies formulated to facilitate pragmatic lifestyles during the COVID-19 era, economic conditions are expected to remain unpredictable due in part to geopolitical risks, high energy and resource prices, ongoing inflation, persistent economic friction between the US and China, and financial instability. Despite this uncertainty, Yamaichi Electronics does not expect circumstances to be entirely unfavorable, partly because many markets are growing and a large number of new products are being created.

During the period covered by the Medium-Term Management Plan, we will further deepen our application of growth strategies and structural reforms as we aim to grow as a company while continuing to meet the needs of our customers. At the same time, we will further strengthen our financial position and reinforce our management base to facilitate future growth as we strive to achieve our management goal of becoming a company with a strong vision for the future.

Under this Medium-Term Management Plan, we will aim to achieve net sales of over 50,000 million yen and operating income of more than 10,000 million yen in FY2025 as we strive to become a company that is always capable of adapting to ongoing change. Meanwhile, we will also concentrate on generating growth in priority markets and expanding our core businesses through proactive capital investment; team up with customers across the globe to create products that will lead humanity into the future; and strengthen sustainability management.

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Basic Policy/Management Goals

Proceed even further with policies of our previous Medium-Term Management Plan

Basic policy

Management

goals

•

•

•

Create products that will for the future through

global collaboration with our customers

Grow into a company that provides products and

services that satisfy customers

For FY2025

Strengthen business competitiveness and achieve sustainable growth

Further raise productivity and establish a stable supply system Establish mutually beneficial relationships between people, organizations, and society

• Become a company with a strong vision for the future

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Basic Strategy

Growth strategy: Develop and expand core businesses and venture into new business fields: growth markets/regions, active customers, and profitable products

1. Concentrate on generating growth in priority markets and expanding our core businesses
2. Create and serialize global niche top products
3. Contribute to the resolution of social issues through business activities

Structural reforms: Become a corporate entity capable of

consistently adapting to ongoing change

1. Strengthen our global management system
2. Improve the sophistication and efficiency of global manufacturing
3. Fortify global systems

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Test Solutions Business Targets

Net	30.0	(Billions of JPY)									26.3
sales			Net sales					24.2		24.5
	25.0			Operating income
								20.6		20.5
	20.0
				14.5
	15.0	11.4	12.1	12.0	11.1	11.8	13.1	6.9	7.0	5.0	6.5	7.6
	10.0				3.5
	5.0	1.9	1.9	1.9		1.5	2.6
		1.1
	0.0

FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
actual	actual	actual	actual	actual	actual	actual	actual	actual	target	plan	plan

• Growth strategy

20 Operating

income

15

10

5

0

Address next-generation semiconductor requirements through component production technologies that evolve in step with growth and evolution in the semiconductor market and an integrated in-house production system

• Burn-inmemory: We have achieved growth through products with PC/server-related applications and will keep pace with growth in the memory market and generational shifts associated with memory semiconductors moving forward.
• Burn-inlogic: Having generated growth through products with applications related to in-vehicle advanced driver-assistance systems (ADASs), we will push forward with an expansion of our selection of next- generation semiconductor-related products that support automatic driving and intelligent transportation systems, which are technologies for which markets are projected to grow as time progresses.
• Test socket: In the past, we have achieved growth through smartphone and PC-related products. In the future, we will aim to enter the testing market for next-generation logic semiconductors.

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