Pioneer the new norm for a safer and sustainable world.
We will drive the future of manufacturing by creating new possibilities andestablishing new standards that will become the “new norm” of tomorrow’s world.
Through our efforts, we envision a safer and more sustainable world, bringing
happiness and ANSHIN for all.

To create the optimum environment for humans and machines.

In Harmony with our co-workers, our customers and society.

Take on new challenges and embrace change.

* Source: Nikkei BP publishing “Well-being in Practice!”

Traditional
way ofthinking

Be the person everyone can count on.
Data andCompany Overview

Prevent
workplace accidents andreduce risks

Foundation for
Value Creation

New way of thinking
that IDEC build
its business aheadof the world

Exhibit honesty, fairness and respect at all times.

WELL-BEING

Business Strategy

Our mission is to make the point of contact where people interface with machines,easy, safe, and ANSHIN. We will introduce new products and services to respondto a diverse set of customer demands beyond those of our industrial customers,
including increased safety, reliability, operability and environmental awareness.

Joy in fulfilling our mission.
Improvement ofsafety, productivity,
ANSHIN, and well-being

Neutral

Negative

Initiatives for
Realization of Vision

Positive

Management Philosophy

Value Creation Story

ANSHIN

Since the founding, in 1945 as Izumi Shokai, IDEC
has been committed to “management with respectfor humanity,” which is the starting point for IDEC’swell-being.
Our management philosophy, “The IDEC
Way,” which was established in 2019, positions
management with respect for humanity as thefoundation of our Vision, Mission, and Core Values.
We are engaged in a variety of initiatives to improve
the well-being of our employees.
To achieve our purpose, “create the optimum
environment for humans and machines, and achievesafety, ANSHIN, and well-being for people aroundthe world,” we are inspired to pursue and attainconsistently high levels of safety, ANSHIN, andwell-being, and protect humans even in unforeseen
circumstances to contribute to the functioning andwell-being of society, based on the premise thatat times humans make mistakes and machines
break down.

Message

SAFETY

Toward Achieving Safety,ANSHIN, and Well-Being

IntroductionSpecialFeatureToward Achieving Safety, ANSHIN, and Well-Being
Building a society
where anyone canlive healthily, happily,and vibrantly

Technology
Creating well-being at
work around the world
with IDEC’ssafety and ANSHIN
technologies

We have set “pursuit and realization of safety, ANSHIN, and well-being” as one of our material
issues, and set sustainability KPIs.

Related material issue

Vision Zero activities

Major sustainability KPIs (FY2023-2025)

 AGR in Safety & Explosion Protection BusinessC(during the past five years):

Safety, ANSHIN, and well-beingPursuit and realization ofsafety, ANSHIN, and well-being

 umulative number of employees
Cholding safety qualifications*:

15%
5% increase YoY
3% increase YoY
0Frequency rate of industrial accidents (IDEC unconsolidated):* Number of employees certified as Safety Assessors, Safety Basic Assessors,
Robot Safety Assessors, or Safety Officers

office to help promote employee health in 2019. The center
includes a cafeteria that provides healthy meals, as well asa fitness gym and Healthcare Center, and is staffed by adedicated occupational physician and full-time occupational
health nurse for the health management of employees. We
also opened an in-house corporate clinic in the Well-being
Center in 2022, with the aim of ensuring the mental andphysical health of all employees.

On-site general manager

Invest in people 7

100 1 Take leadership
2 Identify
hazards

100 1
720Improve 6qualifications

10 IDEC Report 2024

Fitness gym

In-house corporate clinic

Ensure safety & 5
health in workplaces

03 Definetargets

4 Ensure a safety &healthy system

6354Data andCompany Overview

Cafeteria

ManagementAfter ISO 45001 certification
FY2024

Foundation for
Value Creation

Before ISO 45001 certification
FY2019Business Strategy

We have established the IDEC Group Health Declaration,
based on the recognition that the physical and mental healthof employees and their families is the foundation for all
activities. The first step for better well-being is to ensure
the safety and health of employees. We are taking action
to eliminate or prevent the causes of injuries, diseases, andother dangers in the workplace.
We constructed the Well-being Center within our head

The Takino factory became our first site to acquireISO 45001 certification in 2019, an international standard
for occupational health and safety management systems.
Even since before acquiring this certification, we have been
taking an approach based on the 7 Golden Rules for Zero
Accidents and Healthy Work developed by Vision Zero, andsurveying our achievements on a yearly basis. We haveidentified priority items that require improvement, and wereable to take measures quickly by creating a radar chart of theresults of our activities. Through our ongoing activities, wehave created a workplace where employees can work withsecurity and ANSHIN. We acquired ISO 45001 certification in
2022 for all manufacturing sites in Japan (Takino, Fukusaki,Amagasaki, and Tatsuno), and overseas in Suzhou, China
in FY2023. We plan to expand it to our factories in Taiwan
and Thailand in the future, and develop an approach basedon the 7 Golden Rules.

Initiatives for
Realization of Vision

Maintaining and improving employee health and building a safety culture

As a company that develops and provides products that
protect the lives of people, we have continued to provide
society with a variety of products and services centeredaround control technologies. To build a society where anyone
can live healthily, happily, and vibrantly, it is important not
only to have the technical aspects of supplying productswith high performance, ease of use, and stable quality, butalso human resources education and training, rulemaking
and response with regard to standards, and commitment
from management to achieve well-being. For this reason,
we have been engaged in activities from the four aspectsof Technology, People, Rulemaking, and Management.
As part of these activities, in 2018, we became thefirst company in Japan to endorse and register under theVision Zero campaign on occupational health led by theInternational Social Association (ISSA) under the International
Labour Organization (ILO), which is a specialized agencyof the United Nations. We also established a dedicateddepartment for Vision Zero activities. The Vision Zerocampaign is an initiative led by top-level management toimprove the safety, health, and well-being of employees by
preventing accidents, illnesses, occupational illnesses, andinjuries in the workplace.

Management
Ensuring safety at workby promoting safety
management

Value Creation Story umulative attendees of safety &C
explosion protection seminars (Japan):

Reaching out to the world
through international
standardization andrulemaking
Message

PeopleTaking to a higher levelsafety at work throughthe development ofsafety personnel

Rulemaking

Introduction

Special Feature

Introduction

Special Feature

Toward Achieving Safety, ANSHIN, and Well-Being

Development of safety personnel

We have been conducting surveys focused on well-being
since 2013, based on the 7 Golden Rules, to measure thelevel of efforts to improve well-being in the workplace. The
survey was jointly developed with Human House (Denmark)to enable the application of a European-style survey in Japan.
Well-being in the workplace means a state where people
can work without anxiety and with peace of mind, vitality,
and a sense of fulfillment. Our survey measures the level ofefforts to achieve this.
In the future, we plan to conduct surveys at the same
standard globally, to identify issues and create a roadmap
for improving the well-being of our employees.

The IDEC Group is actively engaged in collaborative safety(Safety2.0), in which humans and machines work togetherto achieve both safety and productivity, and is working toexpand its diverse product lineup.
Safety & Explosion Protection Business P.36

IDEC received the first ISSA Vision Zero Awards

Initiatives for
Realization of Vision

In January 2024, the Institute of Global Safety Promotion(IGSAP) established an organization to promote the on-site
introduction of collaborative safety (Safety2.0), a new safetyconcept that originated in Japan, and to promote the creationof international standards. IDEC is also participating in thisendeavor. Activities are being driven through public-private
collaboration, with 13 leading Japanese companies such as
Toyota Motor Corporation. The Ministry of Economy, Tradeand Industry (METI) is an observer of this initiative.

Value Creation Story

In addition, we offer a variety of free, online safetyseminars covering basic and applied knowledge andpractical skills to help customers use safety-related andexplosion protection products correctly. We also provide
safety education to all employees, with the aim of becoming
a company that pursues and realizes the highest levels ofsafety, ANSHIN and well-being in the world. The safety
training were expanded to our Group companies in Japanin FY2021, and we provided to executives at our Suzhou
factory in China, one of our major overseas manufacturing
sites in FY2022. Since FY2023 onward, we have beenworking to expand the scope of safety training to include
executives at our factories in Thailand and Taiwan. In thesafety training, participants learn about IDEC’s safety history,safety concepts, safety products, and the latest informationsuch as Vision Zero and collaborative safety (Safety2.0).
They also take a comprehension test after the training toconsolidate their knowledge.

Promotion of collaborative safety (Safety2.0)
Message

We encourage employees to acquire safety qualifications
such as Safety Assessor and Safety Officer, and are working
to train and develop human resources who can advancesafety and ANSHIN principles in society. We cover the costof taking qualification tests and renewing qualifications,and we have the highest number of qualified Safety LeadAssessors—the highest qualification—in Japan.
We also encourage employees to obtain the Robot Safety
Assessor qualification, which certifies that they possess
basic safety knowledge in the field of robotics, and the Safety
Officer qualification, which measures the knowledge andability of management personnel to perform occupationalsafety management.
Leveraging our extensive experience in manufacturing
and advanced knowledge of safety, we also provide safety
consulting services that aim to achieve both safety andproductivity, such as through risk assessment support at
industrial sites and the proposal and development of risk
reduction measures.

Well-being survey(as of March, 2024)

Numbers of employees
qualified as Safety Assessors,
Safety Basic Assessors,
and Robot Safety Assessors

586Qualifications of knowledge
and competence inoccupational safety
management foradministrative staff
Number of employees qualified
as Safety Officers

123

Cumulative number of attendees and numberof safety & explosion protection seminar held
(IDEC unconsolidated)
Cumulative number of seminars held
Cumulative number of attendees

1,733

1,904

1,970

2,007
53,457

49,6342020

42,328

2021

2022

2023

2024

Foundation for
Value Creation

45,55440,099(FY)
Data andCompany Overview

11 IDEC Report 2024

1,838

IDEC and two partner organizations thathave been engaged in activities together(IGSAP, Japan Certification Co., Ltd.)
received the first ISSA Vision Zero Awardin November 2023, established by ISSA, in
global recognition of their activities so far.
This is the first time since IDEC’s foundationthat we have received an award from an
authoritative United Nations-related agency.
The award ceremony was held at the23rd World Congress on Safety and Healthat Work, organized by the ILO and ISSA in
Sydney, Australia.

Business Strategy

Qualifications attesting to
the level of safety knowledge
and designing competency
for technical staff

Introduction

Special Feature

Toward Achieving Safety, ANSHIN, and Well-Being

Safety edge
switchIlluminating buzzer
Controller with
operator interface

ez-Wheel’s assist wheel drive is a product that easily converts
trolleys into electrically assisted vehicles and reduces theburden of transporting heavy objects, which are difficult forworkers to carry by themselves. At manufacturing sites whereheavy loads are often transported, such as those of automobileand construction machinery manufacturers, there are manycases where workers are responsible for transporting parts
weighing more than a few hundred kilograms. By introducing
an assist wheel drive, it is possible to easily convert existingtrolleys to electrically assisted vehicles.
In the case of a major construction machinery manufacturer
that adopted the system, workers had previously carried heavy
parts one by one under their own power, pushing 900 kg
trolleys. In addition to the physical burden involved, there werealso problems with efficiency and safety. After the system wasintroduced, it became possible for a single worker to transport
multiple parts to the next process both easily and safely, andthe manufacturer is now able to halt the operation of trolleys
in the event of any unforeseen circumstances.

After

BeforeSmart RFID
readerSolutions for AGVs/AMRs
In recent years, AGVs/AMRs are being introduced to thelogistics and manufacturing industries at an accelerated pace.
ez-Wheel’s safety wheel drive is a revolutionary all-in-one
product that includes all the functions required for operation,including the safe motion functionality required by internationalsafety standards when operating in the same area as people.
Through the combination of an emergency-stop switch for
emergency-stop functionality, a safety laser scanner for
detecting the approach of people or objects, and a control
switch for operating the vehicles, IDEC’s solutions can respondto the diverse needs of each customer.
We launched the emergency-stop assist system,
which allows operators to safely stop AGVs/AMRs from a
distance in January 2024. With the emergency-stop assist
system, a signal is transmitted by pressing the switch ofa wireless transmitter worn and used by the operator.
When the wireless switch receiver detects the signal,
the emergency-stop switch operation support functionis activated, allowing AGVs/AMRs to be stopped in anemergency, in the same way as when the button is pressed
directly by hand. The system can be operated even when
operators and vehicles are moving. Since its introduction, it
has been highly effective in preventing dangerous incidents,
improving the sense of ANSHIN of workers, and stopping
AGVs/AMRs in an emergency.

Controlswitch

LED indicator

Example of AMR solution

Safety laser scanner
Emergency-stopassist system

Safety commander

Data andCompany Overview

12 IDEC Report 2024

Example of usage at IDEC site

TouchlessswitchFoundation forValue Creation

Example installation of the trapping prevention system

Emergency-stopswitch

Business Strategy

Aerial work platforms are often used at construction sites.
As a result of workers failing to notice beams or structures
while ascending, their hands and arms may be caught
between the platform handrails and the structure, or theirbodies may become caught between the structure and theoperating parts or handrails, resulting in serious accidents.
In order to address this issue, we developed a trapping
prevention system equipped with IDEC’s three-position
enabling switch and various sensors, at the request of Daiwa
House Industry Co., Ltd. Since the introduction of this system,
there have been improvements not only in physical safety
but also psychological factors such as a sense of ANSHIN,
work concentration, work efficiency, and ease of use, andthe well-being of workers at sites with aerial work platforms
has improved.
This system was the only one to receive an award
out of more than 1,000 applications at the 60th Japan
Construction Occupational Safety and Health Convention,
held in October 2023.

Safety wheel drive

Initiatives forRealization of Vision

Electrical assist for conveyance processes
at manufacturing sites

Value Creation Story

Trapping prevention system
for aerial work platforms

Message

Since the adoption of a dual interlock mechanism to protect the safety of workers in the SB metallic switch box developed in 1950, shortly after thecompany’s foundation, a philosophy based on the importance of safety has been passed down as IDEC’s “safety DNA” to the present day.
The IDEC Group develops and provides a diverse range of products and solutions that contribute to solving societal issues such as improving
safety, ANSHIN and well-being through various initiatives aimed at realizing cooperative safety (Safety2.0), in which humans and machines work
together to achieve both safety and productivity.