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Q3 FY2023 Small Meeting
February 7, 2024

TSE PRIME: 5805

Agenda and Speakers
１．3Q Results Summary & Full Year Plan ２．Future Growth Strategies for theElectronics and Components BusinessPresident and Representative Director,
Chairman of the Board of Directors
Group CEOManaging Executive Officer
Chief of Electrical Equipment andComponents Business Segment

Takayo Hasegawa

Takashi Yamamura

2

１．3Q Results Summary & Full Year Plan

3

FY2023 Q3 Overview of Financial Results⚫
⚫
Business
Environment⚫
⚫
⚫

Supported by the normalization of economic activity, acceleration of wage increases, and accommodative
fiscal and monetary policies.
Raw material and energy prices remained high against the backdrop of unstable international situations andthe yen's depreciation.
In the automobile-related market, recovery production is in full swing.
In the electric wire and cable industry, overall demand for electric wires increased YoY.
The average domestic quotation price for copper increased slightly from the same quarter of the previous
year.

Net sales

The business plan for the current fiscal year is slightly weighted more towards the second half of the year than usual. Q3 results
showed an YoY growth in sales.
[Status of Major Business Fields]
Energy Infrastructure: Construction and electric power construction work projects were concentrated more than anticipated in Q3.
Automobiles: Demand for xEV products recovered in some areas, but demand for general-purpose products for industrial
machinery was sluggish.
Industrial Devices: Demand for offices recovered, but domestic consumer electronics demand in wire harnesses products was
sluggish.

OperatingincomeOperating income increased YoY due to a concentration of construction and electric power construction work project beyond
expectations in Q3.
In response, the Company upwardly revised its full-year plan.

4

FY2023 Q3 Consolidated Statements of Income
We have made upward revisions to our full-year profit plan in anticipation of strong construction and power-related earnings.
Both operating income and ordinary income are expected to be record highs.

(Unit: 100 million yen)

Net sales

FY2022Q3 Actual

1,580

FY2023Q3 Actual

1,585

YoY
%

Progress rate%

5

Operating income

71

93

23

Operating income
margin (%)

4.5%

5.9%

1.4％

FY2023Full-year plan
(before revision)

2,120

74.8%
77.9%

(2,150)Recordprofits
expected

69

92

23

77.8%

Net income
attributable toowners of parent

64

63

▲1

76.2%

(115)

5. 7%

ー

Ordinary income

120(5.3%)
Recordprofits
expected

118
(115)

83
(75)

5

Key Points of the Financial Results for FY2023 Q3
Q3 YoY Change

Q3 Progress rate

Despite sluggish demand for industrial machinery and home
appliances, sales and operating income increased due tofavorable conditions in the construction and electric powerrelated businesses.

Net sales(Unit: 100 million yen)

Both sales and operating income well above
the historical averages.

(Unit: 100 million yen)

Full-year
Plan*

FY19-22
Avg.
progressrate

Q3
Progressrate

Net sales

2,120

74.1%

74.8%

Operatingincome

120

73.8%

77.9%

Operating income

Up

0. 3%

1,580

FY2022 Q3

100
90
80
70
60
50
1,585
40
30
20
10
0
FY2023 Q3

Up
32%

93
71

FY2022 Q3

FY2023 Q3*Upwardly revised figures.

6

FY2023 Q3 Change Factors (YoY)
1,700億円

Change factors for net sales+¥4.6 billion -¥4.7 billion[Change factors]

1,650億円
1,600億円

Effect of changes incopper prices

1,550億円
1,500億円-¥2.5 billion+¥3.1 billion

FY2022
Q3¥158.0 billion

Energy andInfrastructure
Business

Electronic
Equipment
andComponents
Business

Energy and Infrastructure Business: ¥1.8 billion
Electrical Equipment and Components Business: ¥1.2 billion
Communication and Industrial Devices Business: ¥0.1 billion

1,450億円

Communication
and Industrial
Devices Business

FY2023Q3+¥0.01 billion
Others¥158.5 billion
Foreign exchange
impact:+¥0.2 billion

1. Net sales
Despite sluggish demand forindustrial machinery and theabsence of the COVID-19 special
demand, sales increased YoY
due to the concentration of theEnergy and Infrastructure
Business projects in Q3.

2. Operating income

Change factors for operating income
100億円+¥0.2 billion+¥2.6 billion

90億円
80億円

Structural reforms

FY2022
Q3-¥0.3 billion

70億円
60億円
50億円

FY2023
Q3¥7.1 billion

Drop in pandemic
special demand-¥0.3 billion
Communication
Business
Restructuring
costs

・Integration of
production and sales
operations to SFCC
・Restructuring of
telecommunications-¥0.8 billion+¥0.8 billion
Profitability
improvement effect
Increase in raw
Increase in selling (Product portfolio shift)material and energy prices and cost
costs
reduction¥9.3 billion

Increases in raw materials andenergy costs were offset by pricepass-through and cost reductions.
Despite a one-time loss stemmingfrom the restructuring of thetelecommunications business,
operating income increased YoY
due to the impact of improved
profitability and theconcentration of highly
profitable contracts in Energy
and Infrastructure Business in
Q3.

7

FY2023 Q3 Segment Results
Despite sluggish demand for industrial machinery and domestic home
appliances, strong construction and electric power-related sales drove
overall performance. Demand recovered in some xEV related products.

900

895
831

600
500

52

(6.2) 608
584

200
40

300
100
0

300
50

205

237

42

50

FY2022 Q3

FY2023 Q330
100

Precision devices

Operating income

300
20

460
424

200

200

210

20
259

39

(3.4)
220

57

10

157
FY2023 Q3

125

86

10 10
(4.1)

(3.9)

(3.3)100

200
FY2022 Q3

14

235

114

15

66

59

45

FY2022 Q3

FY2023 Q3

100

10%

Other High-performance
products
4%(Unit: 100 million yen)

400
60

400
200

(Unit: 100 million yen)

(8.5)500
70

800

700

76 80

Wire harnessessnt General-purposeenproducts

High performance
product oxygenfree copper
13%

Outer circle: Segment
Inner circle:
Sub-segment

Precision devices
3%0Construction
38%

Wire harnesses Seismic isolation /4%
Others3%
Communication
cablesPower Infrastructure
8%
15%

es

(Unit: 100 million yen)
1,000

Communication cables

ctrical Equip
me
Ele
nt a
nd
Co
m
po

OperatingincomeOthersOther high-performance
products
Operating income

15%
ss
e
sin
Bu

Seismic isolation /High performance productoxygen-free copper
General-purpose products

Other
2%

munication
a
n
d
Com
Ind
us

Power infrastructuress 27%
inesBustructure Busind Infra
ess
y an
5
6%
erg
En

Construction

Communication and Industrial
Devices Business

Segment sales ratio

tria
l
De
vic

Electrical Equipment andComponents Business

Energy and Infrastructure Business

FY2023 Q3 Results

8Energy and Infrastructure
Business

Progress of Q3 Performance and Initiatives to Achieve Full-Year Plan
Initiatives to Achieve the Full-Year Plan

Progress of Q3 performance against Full-year Plan

◆Promote improved profitability through digital transformation at joint venture(coated wire business)

Positive factors●Improve profitability by integrating production and sales of joint venture (coated wire business)●Concentration of highly profitable projects in Q3●Revision of selling prices and cost reduction initiatives
Outlook for Q4●As expected at the beginning of the period, we captured the large number of power construction
projects in the 2H and the strong demand for construction. Aim for record-high profits.

¥120.5 billion
Net sales266

Q3 cumulative

270

X,XX
X
XXX
X,XX
X

XX
XX
%
%

XX
XX
%
%

359

Q1
Q2
Q3
¥9.7
billion
0 100200300400500600700800900
1,000
1,100
1,200
1,300

◆SICONEX® production expansion
plan

Double production capacity by
improving productivity and reinforcing
personnel

Full-year plan

Progressrate

78. 3%

XXXX%%¥89.5 billion

74. 2

OperatingincomeXX
XX%%

Full-year plan

Progress
rate

%

X,XX
XXX
X

Introduced a systemfor checking
shipping
information andinventory statusthrough companyowned mobile
phones. This
enables review of
production plans
and inventory
plans in real time.

Facility capacity after
completion¥7.6 billion
Q3 cumulative

0

12

21

43

Q1

Q2

Q3

Capacity during
investment toincrease production

100

FY2023

Building expansion
completed

1.5x
FY2024FY2025

FY20269

Electrical Equipment andComponents Business

Progress of Q3 Performance and Initiatives to Achieve Full-Year Plan
Initiatives to Achieve the Full-Year Plan

Progress of Q3 performance against Full-year Plan

◆With the acceleration of xEV (electric vehicle) adoption, there is an increasing demand for heater
Positive factors●Demand recovered for some products for xEV.
●General-purpose products for heavy electrical machinery remained strong.

wires due to the growing need for thermal management. Anticipating future demand where thenumber of heated seats equipped per car will increase from two to four, we are preparing toaccommodate this change.

Negative factors●General-purpose products for industrial machinery were sluggish.
Outlook for Q4●Demand for high-performance products for xEV (heater wires, etc.) was firm, mainly in North
America.

Copperalloy wire

¥57.0 billion
Net sales
Progressrate
74. 4%

Seat heater

Battery heater

Full-year planFor xEV vehicles without heat sources, the heater-wire reduces battery use by 20%¥42.4 billion
Q3 cumulative0
OperatingincomeProgressrate
74. 2%

Handle heater

138

140

146

Q1
100

Q2
200

Q3
¥1.9 billion
300
400◆Introduce production innovation lines (low-cost + high environmental performance) in preparation
for a recovery in demand for high-performance wires in xEV market.

500

600

MI

Develop varnishes
compatible with high-speed
burning furnaces

PI

Maximize efficiency of productivity andquality by seeking optimal manufacturingconditions

Full-year plan

¥1.4 billion
Q3

5

cumulative

0

Q1

5

4
Q2

10

Q3

20

Linearspeed: 3x

CO2 emissions:
Reduce by 57%

Energy efficiency:
More than double

Equipment
installation cost:
25% reduction

Doubleprofit margin
improvement

10Communication and Industrial
Devices Business

Progress of Q3 Performance and Initiatives to Achieve Full-Year Plan
Initiatives to Achieve the Full-Year Plan

Progress of Q3 performance against Full-year Plan
Positive factors●Reorganization of domestic manufacturing bases for communication cables and sales at appropriate prices●Expansion of communication cables demand for construction●Full-scale operation of ADAS-related Communication cables business◆Communication cables business captures strong demand for FLANTEC®
Construction

Negative factors●Economic downturn in China and Vietnam and sluggish domestic consumer electronics demand
Outlook for Q4●Expand profits in the Communication cables business, where demand is expected to increase in Q4.

Other●Recording of structural reform expenses due to review of optical fiber manufacturing process.

¥30.5 billion
Net sales
Progressrate
77. 1%

Full-year plan

6A Standard Compliance
TPCC ®
6A (10Giga Coil.)

Full-scale operation ofhigh-speed
communication cablebusiness to realize level
4 or higher autonomous
driving

ADAS-related

Automotive twisted paircables◆Wire harnesses business shifted its business portfolio in line with changes in thebusiness environment. (See detailed slide on page 25.)

¥23.5 billion
Q3 cumulative0
OperatingincomeProgressrate
65. 0%

Demand for
replacements expanded
in response to theincrease incommunication capacity
due to the promotion ofAI, IoT use.

70

80

85

Q1

Q2
100
¥1.5 billion

Q3200

・Established 2 joint ventures in China (operation started in January 2024)

300

400
Strengthen thecompetitiveness

Full-year plan

¥1.0 billion
Q3 cumulative

0

3

4

3

Q1

Q2
5

Q3
10

Cost
reduction andquality
improvement

Diversification
deployment

Entry into ADAS
related components
market◆Expand sales by capturing recovering demand in the 2H of the Precision
devices business・Demand is expected to recover from FY2024, mainly for offices.

15

20

25

11

FY2023 Full-year Forecasts (After Upward Revision)
Sales and profits are forecast to increase due to capturing robust construction and electric power-related demand and various measures toimprove profitability. Plan to increase dividends as shareholder returns.
(100 million yen)

Net sales

Ordinary Income

Ordinary Income

2300

Up
1. 4%
2100

2,091

11. 8 billion yen(100 million yen)

2,120
120

Up
14. 6%

Recordprofits
expected

Recordprofits
expected(YoY: 13. 5% increase)120
Net income attributableto owners of parent

110

1900

105

8. 5 billion yen(YoY: 11. 8% decrease)

100
1700

Dividend/
Payout ratio

90

85 yen/30. 2%
1500
FY2022 Result FY2023 Plan

(YoY: 25 yen increase)80

FY2022 Result FY2023 Plan

Interim: 35 yen, Year-end: 50 yen
Total: 85 yen

12

FY2023 Factors for change
Sales Increase/Decrease Factors+¥5.1 billion-¥2.6 billion[Change factors]-¥3.0 billion+￥3.8 billion
Energy andInfrastructure Business

FY2022

Electrical Equipment
and Components
Business

Communication andIndustrial Devices
Business

FY2023

Other

Impact of Copper Price Fluctuation¥209.1 billion

1. Net sales-¥0.4 billion¥212.0 billion

Energy and Infrastructure Business: ¥2.1 billion
Electrical Equipment and Components Business: ¥1.5 billion
Communication and Industrial Devices Business: ¥0.2 billion

Operating income increase/decrease factors+¥1.9 billion

2. Operating income+¥0.2 billion

FY2023Structural reform

FY2022-¥0.3 billion
Drop in pandemic
special demand¥10.5 billion

・Integration of SFCC-¥0.3 billion-¥1.1 billion +¥1.1 billion

production bases
・ Telecommunications
reorganization¥12.0 billion

Communication
Business
Restructuringcosts

Profitability
improvement effects(Product portfolio shift)
Rise in raw
material andenergy costs, etc.

Selling price passthrough and cost
reduction

Despite sluggish demand forindustrial machinery and the drop in
COVID-19 special demand, sales
are expected to increase due tothe strong performance ofconstruction and electric power
sectors and the increase in copper
prices.

Rising raw material and energy
costs were compensated for byprice pass-through and cost
reduction. Despite a one-time loss
stemming from the restructuring of
the communications business and adelay in the full-fledged contribution
to profits from ICT business,
operating income is expected toincrease due to the impact ofimproved earnings.

13

Revision of full-year plan by segment
Upward revisions to the full-year business forecasts reflecting favorable performance in the construction and electric
power-related businesses that exceeded initial forecasts.

Energy and Infrastructure
Business

Net sales
Operating income
Operating income ratio (%)

Electrical Equipment andComponents BusinessNet sales
Operating income
Operating income ratio (%)

Communication andIndustrial Devices Business

FY2023Full Year Plan
(Before revision)

FY2023Full Year Plan
(After revision)

895
76
8. 5％

1,200
86
7. 2%

1,205
97
8. 0%

5
11
0. 8%

424
14
3. 3%

600
18
3. 0%

570
19
3. 3%

▲30
1
0. 3%

235
10
4. 1%

305
18
5. 9%

305
15
4. 9%

0
▲3
▲1. 0%FY2023Q3 Results(Unit: 100 million yen)

Net sales
Operating income
Operating income ratio (%)

Variation

14

FY2023 Business Plan by Segment
Energy and Infrastructure Business
Construction

Electric power Infrastructure

Seismic isolation/others

Operating income
(

1,300
1,200
1,100
1,000
900
800
700
600
500
400
300
200
100
0

)

Oxygen-free Copper(Unit: 100 million yen, %)

110

600

97 100815 (8. 0)

500

90

400

254

80

300

52

70

200

77
(6. 8)
294

327

57

63

FY2022

FY2023 E

Other High-performance Products

Communication cables

Wire harnesses

Operating income

Precision Devices

Operatinginome

700

60

100

50

0

Communication and Industrial Devices Business) Operating income margin

(

120

1,205

782

High-performance ProductOperating income margin(Unit: 100 million yen, %)1,133Electrical Equipment and Components Business

(

30
581

570

25

)

Operating income margin(Unit: 100 million yen, %)

400

30
333

284

17
(2. 9)

276

20

19
15
(3. 3)

81
205

0
FY2022

FY2023 E

Copper price impact: Net sales up 2.1 billion yen

Copper price impact: Net sales up 1.5 billion yen

Positive factors●Profitability improvement through integration of constructionrelated manufacturing and sales businesses●Contribution to sales from investment in increased productionof SICONEX®

Positive factors●Recovery of high-performance products for Evs in H2●Demand for heavy electric machinery is strong
Negative factors●Adjustment phase of highperformance products for EVs in H1

20

158
200

10
5

305

300

100
0

103

18
(5. 3)

166

15(4. 9)10
83

71

56

FY2022

FY2023 E

0

Copper price impact: Net sales up 2 million yen
Positive factors●Maximization of the effects of integrating communication cableproduction bases●Strong performance of FLANTEC® (for construction andautomotive applications)
Negative factors●Economic downturn in China and sluggish demand for home
appliances in Japan15

２．Future Growth Strategies for the Electronics and Components Business16

Electrical Equipment andComponents Business

Progress of Q3 Performance and Initiatives to Achieve Full-Year Plan
Initiatives to Achieve the Full-Year Plan

Progress of Q3 performance against Full-year Plan

◆With the acceleration of xEV (electric vehicle) adoption, there is an increasing demand for heater
Positive factors●Demand recovered for some products for xEV.
●General-purpose products for heavy electrical machinery remained strong.

wires due to the growing need for thermal management. Anticipating future demand where thenumber of heated seats equipped per car will increase from two to four, we are preparing toaccommodate this change.

Negative factors●General-purpose products for industrial machinery were sluggish.
Outlook for Q4●Demand for high-performance products for xEV (heater wires, etc.) was firm, mainly in North
America.

Copperalloy wire

¥57.0 billion
Net sales
Progressrate
74. 4%

Seat heater

Battery heater

Full-year planFor xEV vehicles without heat sources, the heater-wire reduces battery use by 20%¥42.4 billion
Q3 cumulative0
OperatingincomeProgressrate
74. 2%

Handle heater

138

140

146

Q1
100

Q2
200

Q3
¥1.9 billion
300
400◆Introduce production innovation lines (low-cost + high environmental performance) in preparation
for a recovery in demand for high-performance wires in xEV market.

500

600

MI

Develop varnishes
compatible with high-speed
burning furnaces

PI

Maximize efficiency of productivity andquality by seeking optimal manufacturingconditions

Full-year plan

¥1.4 billion
Q3

5

cumulative

0

Q1

5

4
Q2

10

Q3

20

Linearspeed: 3x

CO2 emissions:
Reduce by 57%

Energy efficiency:
More than double

Equipment
installation cost:
25% reduction

Doubleprofit margin
improvement

17

Electrical Equipment andComponents Business

Future Business Environment and Market Trends● EV Conversion Policies
Around the WorldIn the future, expect a
decrease in engine andtransmission components,
while batteries, motors,
and semiconductors are
expected to increase.

Electric

Autonomous

Realization ofa decarbonizedsociety

Realizing an
Accident-Free
Society● With electrification,
Due to the need for heat
management Increased
demand for heater lines● Installation rate to beabout 80% in 2030
Level 3 has the potential
to form a market centeredon high-end EV models.
Increased demand for "logic
semiconductors" and "image
sensor” semiconductors

Market Trend of Automotive
Electrical Components

Comfortable Space

Semiconductor shortages are expected to

Comfortable interior
space formationelectronics market is expected to grow on

be resolved by 2024, and the automotive

the back of a shift to electric vehicles andautomated driving due to growing concern
about the global environment and safety.

18

Electrical Equipment andComponents Business

Progress of the Medium-Term Management Plan and Future Outlook822

Net sales if
copper priceis 1230 yen

700
581

600

(Unit: 100 million yen)

EV

614

30

570

26
500
44%

400
300
High-Performance Product
Oxygen-free Copper
Other High-Performance
Products
General-Purpose Products
Operating Profit

254

50% 284

19

53%

17

Publicationin November
2021

52

9%

14%

81

16%

200
100

325

98

（ Oxygen-free Copper
MiDIP®）

20 EV

276
36%

205

31%

10

Life
found
ation

190

0

0
FY2022

FY2023E

FY2026E

Operating
Profit Margin

2.9%

3.3%※

・・・

ー

copper price

1,209yen/kg

1230yen/kg※

・・・

870yen/kg※

CapitalExpenditure

1billion yen

1.8billion yen※・・・

FY22-26 total
6.6 billion yen※

❶ Expansion of high-value-added products❷ Expand profit margins throughproduct portfolio shift❸ Profit amount increased steadily in linewith the mid-term plan
Future Business Outlook（ Copper Alloys ）47%

Progress of Business Performance（ General-purpose
winding ）※Plan❶ Increased use of our products andcommercial opportunities due toaccelerated shift to xEVs
❷ Increased commercial opportunities due
to market expansion in thesemiconductor area
❸ Increase in commercial opportunities
through promotion of electrification of
non-automobile mobility

19

Electrical Equipment andComponents Business

Growth Strategy
Shift positioning to high value-added products utilizing our strategic products and core technologies
Focus area

Our strengths（Products and core technology）

Products

MiDIP®

Wire Rods

Copper Alloys

Probe pin

Fireproof busbar

Power supply coilHigh heat resistance, high voltage, highefficiency

High flexibility anddurability

High conductivity, highdurability

High voltage andprocessability

High efficiency

Conductors for automotive motors

Heater wire

Semiconductor
inspection equipment

Electric car

Contactless powertransfer

High Frequency
Technology

Processing
Technology

Copperalloy

magnet wires

Use

Insulation
Technology

MiDIP®

Semi-finished Goods

Magnet Wires

Progress of Growth
Strategy and Future
Plan●Magnet wires: Introduction of high-efficiency equipment ●Heater wires: Production increase plan
●Probe pins for semiconductors: Market launch in FY2023, sales expansion from FY2024●Fire-resistant busbars: Developed by applying the Group's fire-resistant know-how, with mass production
expected in 2027
●Contactless power transfer: Japan's first public road test is scheduled for 2023, with commercialization
targeted for 2030.

Expansion of profit margin
20

Electrical Equipment andComponents BusinessBusiness development of our core products x technologies ①.
Utilizing expertise in copper alloy development to create high-strength, high-conductivity materials in extremely fine sizes. Additionally, establishingadvanced techniques for twisting high-strength materials for business expansion into heater wire production. Furthermore, developing probe pins withincreased strength and dimensional accuracy.
Copper alloy

Heater wire

Probe Pins

ＳＷＣＣ× Tohoku University
Established High Functional
Metals Co-Creation Laboratory

Semiconductors
Inspection Probes

High strength andconductivity

High flexibility
and durability

High conductivity
and durability
Consolidating in the Sendai area thebasic research at Tohoku University
and process from product development
to manufacturing at SWCC

The Next Generation
Technology and Products

21

Electrical Equipment andComponents BusinessBusiness development of our core products x technologies ②
Developing fire-resistant coated flat-wound wires (fire-resistant bus bars) by incorporating the group's fire-resistant technology expertise into
high-performance oxygen-free copper MiDIP®. Aimed for implementation in xEVs to be released from fiscal year 2026 onwards.

MiDIP®

Fire-resistanttechnology

Subsidiary's
fire-resistantexpertiseHigh heat resistance, highvoltage, high efficiency

Highfireproof
Subsidiary fire-resistantcables certified ascompliant with the Fireand Disaster Management
Agency Notification

Fireproof busbar
Long Length Supply
Elemental Technology
Insulation Coating Extrusion

Fire Resistance Performance
Insulation retention undercustomer requirements

High processability
Maintains characteristics
even in severe processing
such as bending

22

Electrical Equipment andComponents Business

Introduction of high-efficiency equipment to increase the competitive advantageof the winding business
To prepare for recovery in demand for high-performance windings in the EV market, we plan to
introduce 11 production innovation lines during the mid-term plan period.
Materials
Informatics

Development of varnishes compatible
with high-speed baking furnaces

Process
Informatics

Maximize efficiency of productivity andquality by seeking optimal
manufacturing conditions

Feature1

Line speed 3 times

Feature2

57% reduction
in CO2 emissions

Doubled the

Feature3

More than twice
the energy efficiency

profit margin

Feature4

25% reduction inequipment installation cost

3 units installed
8 units to be installed in
the future

effect of
improvement23

Electrical Equipment andComponents Business

Our Mobility Development Center's initiatives to accelerate growth strategy
First Half Results

The Future Plans
Contactless powertransfer while driving
Original coil unit
production

Contactless power
For semiconductortransfer while driving
inspection Probe Pins
First in Japan!
Start of delivery
Coil provided for public
Sep. 2023
road demonstration test

Mobility-related
2030 Mass
production plan
Flat wire for BEV
2030 Mass
production planIn-vehicle bus bar
Prototyping andexhibition entries

Vehicle-mounted fireresistant busbar
2030 Mass production plan

Flat wire for BEV

Prototyping

FY2023 1Q

For semiconductor
inspection Probe Pins
2030 Mass production plan

2Q

3~4Q

FY2024FY2025

FY2026FY202724

Electrical Equipment andComponents Business

Timing of profit contribution from tailwinds (key point for rolling mid-term plan)❶ Demand for high-performance winding

Shipment Volume Trends
by High-Performance Product Category(Estimated with pre-pandemic as 100)
Rapid recovery upward phase

300%

10x
250%

1000%

800%

200%

1.5x

600%

400%

150%

1.5x

200%

100%
0%

50%

-200%

0%

-400%

FY2019FY2020MiDIP® (left axis)

FY2021

FY2022 FY2023E FY2024E FY2025E FY2026E

Heater wire (left axis)

High-performance magnet wires (right axis)

wires for Europe is on the rise.
Investment to increase production
capacity will start from FY2023.

❷ Demand for heater wires is expected to●

grow rapidly from FY2025 onward due tothe accelerated shift to EVs.

❸●Entered the semiconductor market(probe pins) in FY2023, launched in
Taiwan in September, with future plansfor Europe.

❹ Promote the development of high value-

added product groups by establishing a
Mobility Development Center and develop
an IP strategy by utilizing IP landscapes.

25https://www.swcc.co.jp

The forward-looking statements in this presentation are based on information available at the time of publication and involve potential risks and uncertainties.
Therefore, please be aware that a variety of factors could cause the actual results to differ materially from those projected in the statements.

Such factors that may affect actual results include economic conditions, demand trends, and fluctuations in raw material prices and exchange rates.
Factors that may affect business performance include, but are not limited to, the following.