(As of July, 2024)

Composition ofthe Board of Directors

Outside directors represent
more than half of all directors,
and females represent 30%of the Board of Directors

6Ratio ofoutsidedirectors

Outsidedirectors

60%

Introduction

Directors and Executive Officers

4Insidedirectors

Directors
Message

Outside Independent

Outside Independent

Mikio Funaki

Takuji Yamamoto

Takao Funaki

Hiroshi Kobayashi

Hideyuki Ohkubo

Chairman and CEO

Senior Executive Vice President, COO

Managing Director

Director, Senior Executive Officer

Outside Director

Outside Director

Outside Director

Mr. Funaki has been the CEO since1997. His extensive experience as abusiness leader has given him deep
insights on international business,industries, and more.

Mr. Funaki has served as Senior
Executive Vice President since2006. He has a wealth of experience
gained mainly from overseas
operations of IDEC CORPORATION
and its Group companies.

Mr. Yamamoto became a Directorfor IDEC CORPORATION af ter
serving as Executive Officer for
OMRON Corporation and the CEOof an overseas OMRON subsidiary.
He has considerable experienceand achievements in the control
device industry.

M r. F u n a k i w o r k e d a t I D E C
C O R P O R AT I O N ( U S A ) b efo reheading Australia and Germany. In hisconcurrent posts as a Senior Executive
Officer of IDEC CORPORATION andPresident of APEM Inc. He is working
to strengthen the Group’s business inNorth America, procurement & SCM,and manufacturing.

Mr. Kobayashi previously served asSenior Executive Officer, Division
General Manager in charge of Regional
Operations (Asia & Oceania) for Honda
Motor Co., Ltd. He has extensive
experience in Japan and overseas, andinsights from the automobile industry.

Mr. Ohkubo previously worked forMitsubishi Electric Corporation in posts
such as Representative ExecutiveOfficer, overseeing their factory
automation systems business, export
management, and production systems.
He has in-depth knowledge and broad
experience in the FA business.

As an Outside Director for IDECCORPORATION, Ms. Sugiyama
provides oversight and advice on
IT/DX strategy, drawing upon her
experience in the IT industry, which
includes serving as an Executive
Director for Salesforce Japan Co., Ltd.

Directors (Audit & Supervisory Committee Members)

Mariko Sugiyama

Senior Executive Officers

Executive Officers

Toshihiro Fujita

Tomonori Nishiki

Shinichi Yoshimi

Yasunori Kawanaka

Marc Enjalbert

Chief Safety,
Health and Well-being Officer

Senior Executive Officer
R&D & Environment

Senior Executive Officer
Strategic Planning

Executive Officer
Products Strategy

Executive Officer
APEM & Manufacturing

Arnaud Mondi

Masaki Tsuri

Yoshihiko Nishiyama

Senior Executive Officer
Marketing and Strategy

Executive Officer
Quality Assurance

Executive Officer
President’s Office &Special Assignments

Business Strategy

Chief Safety, Health andWell-being Officer

Initiatives for
Realization of Vision

Toshi K. Funaki

Value Creation Story

Outside Independent

Outside Independent

Outside Independent

Outside Independent

Eri Nakajima

Outside Director

Outside Director

Mr. Himeiwa is a Certified PublicAccountant. He was appointed
by IDEC CORPORATION as an
Outside Director who is an Audit andSupervisory Committee Memberin 2020. He uses his knowledgeof financing and accounting tocontribute to the strengthening ofIDEC’s auditing system.

Ms. Kanai is an at torney. She
became an Outside Director for
IDEC CORPORATION in 2016. She
contributes to the strengtheningof legal aspects of IDEC’s auditing
system with her high-level expertiseas a lawyer.

Ms. Nakajima was appointed byIDEC CORPORATION as an Outside
Director in 2022 to draw upon her
past experience as a Ministry of theEnvironment official and Deputy
Governor of Nagano Prefecture. She
contributes to the strengthening ofIDEC’s auditing system with regard
to environmental measures.

48 IDEC Report 2024

Data andCompany Overview

Michiko Kanai

Outside Director

Foundation for
Value Creation

Yasuo Himeiwa

Introduction

Directors

Expected skills matrix of the Board of Directors

indicates contributing areas/roles;

indicates contributing areas/roles with particularly high expectations

Attendance rate (FY2024)
NameToshi K. Funaki

Senior Executive Vice
President, COO

Mikio Funaki

Managing Director

Takuji Yamamoto

Director, Senior
Executive Officer

Takao Funaki

Outside Independent

Hiroshi Kobayashi

Outside Independent

Hideyuki Ohkubo

Outside Independent

Mariko Sugiyama

Outside Independent

Yasuo Himeiwa

Outside Independent

Michiko Kanai

Outside Independent

Eri Nakajima

49 IDEC Report 2024

Sales andmarketing

Financing andaccounting

Legal affairs
and riskmanagement

Personnel
affairs anddevelopment

IT andDX

Sustainability
and ESG

7/7(100%)

7/7(100%)

6/6(100%)

7/7

3/3

4/4(100%)(100%)(100%)

7/7

3/4(100%)

(75%)

7/7
(100%)

7/7

3/3

4/4

(100%)(100%)(100%)

6/7

3/3

4/4(86%)(100%)(100%)

7/7(100%)

International business
Have experience in international business at a company, orinvolvement in international business cases as an attorney,certified public accountant, or other professional, andconsiderable knowledge in that area.

Legal affairs and risk management
Have experience in corporate legal affairs and riskmanagement as an attorney, or in a corporate legal
department, etc., and considerable knowledge in that area.

Industry knowledge
Have considerable knowledge of industries in which
the IDEC Group is involved, such as the control device
industry, industrial devices industry, and the factory
automation (FA) industry.

Personnel affairs and development
Have experience in corporate human resources, suchas organizational development and human resource
development at a company, and considerable knowledge
in that area.

R&D and manufacturing
Have experience in development and manufacturing at acompany, and considerable knowledge in that area.

IT and DX
Has considerable knowledge in the IT and digital businessfields.

Sales and marketing
Have experience in the sales department at a company, andconsiderable knowledge in that area.

Sustainability and ESG
Have considerable knowledge of sustainability and ESG.

Data andCompany Overview

Have experience as a certified public accountant, tax
accountant, or other professional who has been involved
in finance and accounting, in the accounting and financedepartment of a company, and considerable knowledge
in that area.

4/4(100%)

R&D andmanufacturing

Foundation for
Value Creation

Financing and accounting

3/3(100%)

Industryknowledge

Business Strategy

Have experience in corporate management as a(representative) director, executive officer, etc., andconsiderable knowledge in that area.

7/7(100%)

International
business

Initiatives for
Realization of VisionCorporate management andmanagement strategy

Remuneration
Committee

Value Creation Story

Directors
Audit &Supervisory
Committee
Members

Chairman and CEO

Nominating
Committee

Message

Directors

Board ofDirectors

Corporatemanagement andmanagement
strategy