Our Long-Term Vision

Toyo Denki Seizo K.K. Contributes to the Development of Social Infrastructure Systems
Based on a firm management foundation, we help build social infrastructure systems that are considerate of the global environment through theglobal provision of high-quality products that integrate our exceptional motor drive technologies since establishment with our breakthroughadvanced technologies.
Business Principles
The Toyo Denki Group will practice the following business principles to ensure the growth ofits business, earn the confidence and understanding of shareholders and stakeholders, andfoster the development of its employees:

Industrial
SystemsSegment

Prioritize ethics and contribute to the prosperity of customers and society as a whole
Encourage creativity and enterprising spirit to meet the challenges of the future
Build trust by focusing on quality first

Information
Equipment
Systems
Segment

Industrial Systems Segment
The Company is extensively contributing to customers at home and abroad through general industrial
machinery and equipment, testing equipment for automobile development and social infrastructure
equipment that is indispensable to the daily lives of people. In addition, we address manufacturing that
contributes to the prevention of global warming, while providing products manufactured through highsystem-building technologies that make full use of energy-saving motors, inverters, FA controllers andnetworks.

Code of Conduct
Automobile testing systems

1. Respond to customers in a timely and speedy manner
2. Tackle all challenges with forethought and creativity
3. Continuous efforts toward self-development and skill improvement
4. Keep a broad perspective and influence each other toward growth
5. Act with awareness and pride of a good member of society and businessman

Company SloganTransportation
SystemsSegment

Manufacturing

Our Heart and Technology for the FuturePower generation andsocial infrastructure system
Production and processing
equipment systems

Information Equipment Systems Segment

Transportation Systems Segment
Electrical equipment for rail vehicles manufactured by theCompany using its technological capability developed over 100years covers a wide range of fields, including propulsion systems (drive systems), auxiliary power supply and door-closing
units of trains, and we contribute to the maintenance and development of railway infrastructure overseas, not to mention inJapan, by pursuing safety and comfort of trains.

In the Information Equipment Systems segment, we operate in the two fields of railway station operating equipment and remote monitoring systems, by merging advanced telecommunication technologies
and mechatronics.
With regard to railway station operating equipment systems, we develop and manufacture commuter
pass issuing machines that quickly became IC card compliant and portable terminal devices for conductors, and provide systems for smooth toll collection and income management system to railway operators.
Our remote monitoring systems greatly contribute to labor saving and maintenance saving of customers through realization of various equipment monitoring and position monitoring, by leveraging
cloud computing.

Current collectors(pantographs)

Door operating equipment

Facilities management solutions

Driving gear units

Main motors

Passenger information
display system

Railway station operating
equipment systems

CONTENTS
Contents/Editorial Policy/Long-Term Vision…… 1
Over 100-Year History of Toyo Denki Seizo K.K.…… 3
Consolidated Financial Highlights…………… 4
Message from Chairman and President……… 5
Special Report 1 Medium-Term Management Plan
“Revitalize 2022”………………… 7
Special Report 2 Establishment of Sustainability Policy…… 8Business Report
Transportation Systems Segment………… 9Industrial Systems Segment……………… 10
Information Equipment Systems Segment…… 11Topics…………………………………… 12
Research and Development/Intellectual Property…… 13ESG/CSR Report
Environment		 Initiatives to Protect the Environment…… 14
Social		 With Our Customers…………………… 16		 With Our Shareholders and Investors…… 17		 With Our Local Communities…………… 18		 With Our Suppliers……………………… 19		 With Our Employees…………………… 19
Governance		Corporate Governance………………… 21		Executive Profiles……………………… 23		 Messages from Outside Directors……… 23		 Internal Control and Compliance………… 25		Risk Management……………………… 25		Risk Factors…………………………… 25		Information Security…………………… 26
Financial Report
Financial Review………………………… 27
Reference Data for Management Indices…… 28
Consolidated Balance Sheets……………… 29
Consolidated Statements of Income and	
Consolidated Statements of Comprehensive Income…… 31
Consolidated Statements of Changes in Net Assets…… 32	Consolidated Statements of Cash Flows…… 33
Stock Related Information…………………… 34
Company Profile…………………………… 35
Organization Chart…………………………… 36
Editorial Policy
We have been publishing this report since 2013
with the goal of allowing a wide range of stakeholders to have a better understanding of theCompany. This report combines our management
policy with reports on our businesses, ESG/CSRand finances. We are committed to describing ourinitiatives during the year and our future direction
in a manner that is easy to understand.
Period Covered by This Report
This report focuses on our activities in fiscal 2020
(from June 2020 to May 2021), but also contains
some information from outside this period.
Organizations Covered by This Report
This report covers the Toyo Denki Group, includingToyo Denki Seizo K.K. and its consolidated subsidiaries.

Master controllers
Total train communicationsystem

1

Twin disk couplings
Propulsion inverters (VVVF inverter)

Auxiliary power supply (SIV)

Reference Guidelines
The GRI Sustainability Reporting Standards(GRI Standards)
Toyo Denki Seizo Report 2021

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