Introduction

History Continuous pursuit of safety, ANSHIN, and well-being

1958

1960

1981

1989

1997

1969

Yellow relays

Control units“TW series”

Micro-1
programmable logic
controllers

Enabling switches

These International ElectrotechnicalCommission (IEC) compliant control
units were a big hit and are stillsold today.

Developed for small machine
control applications, thesecontrollers attracted tremendous
attention from the industry.

IDEC entered into the industrial
relay market for the first time.
Known for reliability and long
life, these yellow relays became
one of our bread-and-butter
products.

L aunched as Japan’s firstenabling switches, they remain
long-selling products and havethe largest share in the global
market.

Miniaturecontrol units

Pressure-resistant
explosion protection
control boxes

SPS stepping
programmers

Ground-breaking products withan interlock mechanism forensuring operator safety laid
the foundation for IDEC.

Drastically miniaturized control
units provided high levels ofoperability and safety andhelped redirect IDEC’s course asa control device manufacturer.

They were sold to industries
requiring explosion protection
devices, such as petrochemicalcomplexes with explosion
hazards.

A precursor to the present-day
programmable logic controllers,
they were equipped withrevo lu ti o n a r y f u n c ti o ns fo rthat time.

(billion yen)
40

Establisheda business sitein UK

Establisheda business sitein Germany
Establisheda business site
in USA

20

Business Strategy

Establisheda business site
in Taiwan

Sales history

Consolidated net sales (right axis)

Burst of a Japanese
bubble economy

Oil crisis

1945

1950

1960

3

IDEC Report 2024

Contributing to automation and mechanization,
as a comprehensive control device manufacturer
The economic boom brought increasing demand formeasurement and control technologies, prompting thecompany to start manufacturing and selling control devices
and evolve into a comprehensive control device manufacturer,
contributing to Japan’s economic expansion.
From the 1970s onwards, the company proactively
pursued global expansion, establishing manufacturing andsales sites both in Japan and overseas.

1990
Creating the “optimum environment for humans and machines”
In manufacturing, environments in which humans andmachines coexist have become common and increasingly
vital for society. In response to this, we developed the firstinterlock switches and enabling switches in Japan to meetthe needs of safety and productivity-conscious facilities.
In addition, we introduced a robot control cell production
system that realizes multi-product and variable-volume
production at our core factory, promoting automation andlabor-savings.

02000 (Fiscal year)

Data andCompany Overview

IDEC was founded in Osaka in 1945 as Izumi Shokai, initially manufacturing
and selling electrical appliances. Incorporated as Izumi Denki Co., Ltd. in 1947,
the company began developing high-quality switch boxes that were essential
for machinery and equipment but were in short supply. These switch boxes
remain the company’s longest-selling product line.
These switches, along with our explosion protection products widelyused in textile/chemical plants and petrochemical complexes, helped boost
Japan’s post-war reconstruction efforts.

1980

Asian
currency crisis

Foundation for
Value Creation

Supporting Japan’s manufacturing in the postwar reconstruction period

1970

Initiatives for
Realization of Vision

Listed on TSEFirst Section

SB metallic
switch box

Value Creation Story

1950

1972

Message

Since our foundation, we have continuously created products that deliver safety and ANSHIN at manufacturing sites and improve
the well-being of workers.
Going forward, we will continue contributing to society by meeting diverse customer needs with IDEC products and solutions
and seeking to solve societal issues.

2011

2014

2022
Global business expansion throughM&A and partnerships

Operator interface“HG2J series”(%)
80

Employing revolutionary newtechnology for protecting
operators and equipment (safebreak action design), theseswitche s prov ide gre ate rlevels of safety.

Miniature control units“LB series”
With a stylish design, theseproducts feature the industry’s
shortest panel depth and aflush bezel.

7-inch display conveniently
sized for applications bothsmall and large that boasts
high visibility and highenvironmental durability.

Controller withoperator interface“FT1A series”

Establisheda business site
in India

These groundbreaking products
save installation space, wire,
and time in user applications.

2023(billion yen)
80

Welcat Inc. joined the IDEC Group.

2018 Tokyo Sensor Co., Ltd. joined the IDEC Group.

Safety-related
products

40ez-Wheel products

Changed the company name(from Izumi Denki to IDEC)

40

Sensing technologywith ALPS ALPINE CO., LTD.

IDEC FACTORY SOLUTIONS CORPORATION
acquired factory automation business from
Squse Co., Ltd.

ez-Wheel develops transfer/logistics solutions such as
the world’s first safety wheel
drive for AGV and AMR toincorporate drive control
and safety features essential
to safe automated driving.

Systemdevelopment

Transfer/logistics
solutions2023 ez-Wheel (France) joined the IDEC Group.
The Electric Wheel

Changes in business portfolio
Ratio of overseas net sales
20

20

FY2024

FY20010Dot-combubble burst

2001

Globalfinancial crisis

2010

2020

6331%

2024 (Fiscal year)

IDEC Report 2024

28%

Ratio of overseas employees

FY200130%

Overseas

FY202469%

Industrial Relays & Components
SystemsOthers

5%
14%

FY201512%

FY2024

42.2
27%

2%

16%

72.7

47%

billion yen

15%
16%

We have actively pursued M&A opportunities and business partnerships
with a number of companies that offer potential synergies in our existing
businesses and the regions in which we operate.
As a result, HMI (Human-Machine Interface) which have been IDEC’s
strengths since our foundation and are potentially high-margin products, nowaccount for a higher percentage of total sales than they did 10 years ago.

Data andCompany Overview

45%billion yenJapan

We changed our company name to IDEC in 2005. To expand our businessglobally, we are actively pursuing mergers and acquisitions (M&A) opportunities
and partnership agreements with companies both in Japan and abroad, suchas the addition of APEM, a French industrial switch manufacturer, to the IDECGroup in 2017.
We are also committed to proposing products and solutions that will help
solve societal issues. We will continue to transform and stand up to issues, sothat our company becomes truly global and attains sustainable growth.

13%%

0

Safety & Explosion Protection
Automation & Sensing

Foundation for
Value Creation

Solving global societal issues

COVID-19
pandemicHMI

OverseasBusiness Strategy

Japan

Initiatives for
Realization of Vision

Establisheda business sitein Singapore

IDEC ALPS Technologies Co., Ltd. was2021 established as a joint venture company

2023
Establisheda business sitein Thailand

Push-in technology

Value Creation Story

strategic partnership agreement was
2019 Aconcluded
with Weidmüller (Germany).

60

Established business sites
in China(Suzhou and Shanghai)

HMI
Automatic
identification
devicesMulti-use mmWave
radar sensors
The first product developedby IDEC ALPS Technologies
Co., Ltd., the sensors cand ete ct the pre se nc e orabsence of an object and thedistance to the object.

60

Systemdevelopment

2017 APEM (France) joined the IDEC Group.

Acquired APEM

Ratio of overseas net sales (left axis)

Co., Ltd. (now IDEC FACTORY SOLUTIONS2014 CORNETCORPORATION) joined the IDEC Group.

Message

Emergency-stopswitches“XW/XA series”

Introduction

2003