English2024

Message f r o m t h e P r e s i d en t
We are in a period of great change that involves decarbonization as we movetoward the realization of carbon neutrality in 2050. Our new medium-to-long-termbusiness plan, “VISION2025,” sets forth our vision for 2050, 30 years from now. We
do this because it is necessary to think from the future goal as a starting point,
not as an extension of the present, and to create a path to reach it. Creating anenvironment where each of employees looks toward the goal, thinks about what
they can do to achieve it, applies themselves to their work, and can take onchallenges will be the key to opening our next 100 years based on the results wehave achieved so far.
Returning to the Founder’s Mindset once more, we have positioned the next 30years until 2050 as our “second dawn,” and under the slogan of “NISSIN ISSIN,” I
want us to continue to be a company that adapts to changes and creates changes.
At the same time, from the perspective of Sustainable Development Goals (SDGs),
the Nissin Electric Group intends to fulfill its social responsibilities as a company
by contributing to achieving a sustainable global environment and a society where
every person can play an active role.
President

Cor por ate P h i l o s o p h y a n d t h e “F iv e T ru s t s ”<Group Slogan>

For ge a b r i g h t f u t u r e f o r b o t h p e o p le a n d t e c h n o lo g y
Corporate Philosophy
Through corporate activities that support the foundations of society andindustry, the Nissin Electric Group will harmonize with the environmentand contribute toward realizing a vibrant society.

Customer Trust

Principles of Activities
Integrity, Trust and Long-term Relationships
We take the following Five Trusts as the principles of our activities.
(Customer Trust, Shareholder Trust, Societal Trust, Partner Trust,
Employee Mutual Trust)Business Mindset“Venture Spirit” fostered since our founding

Employee
MutualTrust

Five Trusts

Shareholder
Trust… The spirit to develop a future with high ambitions and a passion
for constantly taking up challenges

The spirit of “New Each Day” embedded in our company name
… The unwavering spirit to seek something new each day andmake constant efforts toward one’s goals

Open-mindedness and the ability to digest different
cultures and technologies

Partner Trust

Societal
Trust… The spirit to accept different things and eventually internalize them

R&D Research and development
Making use of the R & D results that we have accumulated over a long period, we are working to create stable energy systems,
manufacture products that contribute to reductions in CO2 emissions and develop next generation products applying ourcharged particle beam-oriented techniques. We are also committed to developing new techniques on a daily basis so that wecan continue to grow as a global company that provides environmental and energy solutions while contributing to society.

01

VI S I O N 2 0 2 5

Aiming for Sustainable Growth While Maintaining Stability
Through the “Six Growth Strategies” with SDGs at Its CoreIn April 2021, the Nissin Electric Group launched “VISION2025,” its five-year plan, with the goal of achieving it by FY2025. Inorder to continue sustainable growth in a rapidly changing environment while maintaining stability, the Nissin Electric Groupwill bring about change under our six growth strategies and the two pillars of strengthening our business foundation, and aim
to become “a company creating a sustainable future through reliable technical capabilities where each of employees canrealize the contribution to society in an environment that respects diverse values and encourages new challenges.”*An illustration of a possible future society conscious of SDGs. “NISSIN ISSIN” represents the determination to renew the Nissin Electric Group
toward 2050. (“Issin” means “renewal” in Japanese.)

Overall structure
We aim for stable and continuous grow from a long-term perspective as a changing point for a sustainable society.

160

Consolidated
net salesbillionyen50

Proportion of environmentallyfriendly products to sales%

Proportion of new products
to sales35%

Placing the SDGs as the core of VISION2025, contribute to achieving a sustainable global environment
and a society where every person can play an active role based on the six growth strategies
Energy solution

Growth strategies

Expansion of environmentallyfriendly products

Social infrastructureand environment

Response to
distributed energy

Response torenewable energy

SPSSStrengthening
the businessfoundation

Enhancing
manufacturing
capabilities

Social changes

Highlyfunctional materials
and systems

Adoption of DX to
products and business※Improving
productivity

Industrial equipment
and components

Diversifying
the supply chain

Life cycleengineering

Identifying demand resulting
from increasing environmental
awareness in emerging countries

Strengthening
human resources
strategy

Expand business in stepwith the growth of EV market

Work style reforms

SDGs｜De-carbonization / Carbon neutrality｜Energy decentralization｜DX｜Globalization｜Decreasing birthrate and aging population
Risk distribution / BCP｜New coronavirus pandemic※SPSS：Smart Power Supply Systems02

Company Outline

Net Sales (Consolidated)

Company NameNissin Electric Co., Ltd.

Head Office

47 Umezu-takase-cho, Ukyo-ku,

IncorporatedApril 1917

Stated Capital¥10,252,845,127

Issued Shares

107,832,445

Employees

4,989(100 million yen)

1,500

1,321

1,426

1,452

Kyoto 615-8686, Japan

1,000

500

(As of March 2024, consolidated)

Corporate Logo

A unified corporate logo
for all Nissin ElectricGroup companies

02021

2022

2023

(FY)

(Years ended March 31)

History1910 : Founded as Nissin Kogyosha.
1917 : Incorporated as Nissin Electric Co., Ltd.
1937 : Constructed head office and works in Ukyo-ku, Kyoto (current location)
1945 : Took over the capacitor production business of Sumitomo Electric Industries, Ltd.
1963 : Built the Maebashi works.
1968 : Built new works at Kuze and Kujo.
1970 : Started business of charged particle accelerators, and established Nissin High Voltage.
(2003, NHV Corporation, took over the business of Nissin High Voltage.)1984 : Established Nissin Systems Co., Ltd. for the design and sales of computer software.
1987 : Established Nissin Electric (Thailand) Co., Ltd.
1991 : Established Nissin Allis Electric Co., Ltd. in Taiwan.
1995 : Established Wuxi Nissin Electric Co., Ltd. in China. (2004, merged with Nissin Electric Wuxi Power Capacitor Co., Ltd., and changed
the name to Nissin Electric (Wuxi) Co., Ltd.)
1999 : Established Nissin Ion Equipment Co., Ltd. within Kuze works for the manufacture, installation, and servicing of ion implanter.
2001 : Established Nissin Electric Wuxi Power Capacitor Co., Ltd. in China.
（2004, Changed the name to Nissin Electric (Wuxi) Co., Ltd.）: Established Beijing Beikai Nissin Electric HV Switchgear Equipment Co., Ltd. in China.
（2006, Changed the name to Beijing Hongda Nissin Electric Co., Ltd.）
2002 : Established Nissin Electric Wuxi Co., Ltd. in China.
2005 : Nippon ITF Inc., an affiliated company conducting fine coating services, became a subsidiary of Nissin.
: Established Nissin Ion Equipment Co., Ltd., Shiga Works/
Plasma Technology R&D Center.
: Established Nissin Electric Vietnam Co., Ltd.
2007 : Became a consolidated subsidiary of Sumitomo Electric Industries, Ltd.
2010 : Established Nissin Ion Equipment USA, Inc.
2011 : Established NHV Accelerator Technologies Shanghai in China.
2015 : Established Nissin Heartful Friend Co.,Ltd. in order to promote the employment of people with disabilities.
2017 : Established Nissin Electric Group Foundation for Social Contribution. (2018, Became a public interest incorporated foundation upon
approval of the Cabinet Office of the Government of Japan.): 100th anniversary of Nissin Electric Co., Ltd.
2019 : Established Nissin Academy Training Center: Established Nissin Electric Myanmar Co., Ltd.
2023 : Delisted from the Prime Market of the Tokyo Stock Exchange, Inc.
Became a wholly owned subsidiary of Sumitomo Electric Industries, Ltd.

03

Major Office and Works
Head Office and Works (Ukyo-ku,Kyoto, Japan)Maebashi Works (Maebashi,Gunma,Japan)[Land area : 103,700m2]

Major Products

Switchgear, Transformer, Power capacitor, Photovoltaic system, Powerconditioner for photovoltaic system, Power conditioner for storage
battery, Reactor, Voltage dip/blackout compensator, Supervisory controlsystem, Vehicle recognition system, Electron beam processing system,
Electron beam processing service

Kuze Works (Minami-ku,Kyoto,Japan)[Land area : 186,700m2]

Major Products[Land area : 12,400m2]

Major Products

Gas insulated switchgear, Circuit breaker, Instrument transformer(Voltage transformer, Current transformer, Combined instrumenttransformer, etc.), Electron beam processing service, Fine coatingservice

Fine coating equipment, Fine coating service, Ion implanter for
semiconductor, Ion implanter for FPD

Major Subsidiaries and Affiliates
Overseas*Core businesses of each company denoted by color.

Nissin Advanced Coating (Shenyang) Co., Ltd.
Beijing Hongda Nissin Electric Co., Ltd.
Nissin Ion Korea Co., Ltd.
Nissin Electric (Wuxi) Co., Ltd.
Nissin Electric Wuxi Co., Ltd.

Head Office and Works
Manufacturing companies
Customer Service and Other
Research laboratories
Power Supply and Environment System
Beam and Plasma
Equipment and Parts Solution

Nissin Allis Ion Equipment (Shanghai) Co., Ltd.
NHV Accelerator Technologies Shanghai
Nissin Ion Equipment USA, Inc.
Massachusetts R&D Center
NHV America Inc.
Nissin Advanced Coating Indo Co., Private Ltd.
Nissin Electric (Thailand) Co., Ltd.
Nissin Electric Myanmar Co., Ltd.
Nissin Ion Equipment USA, Inc.
Texas Customer Service Center

Nissin Electric Vietnam Co., Ltd.

Nissin Allis Electric Co., Ltd.
Nissin Allis Union Ion Equipment Co., Ltd.

Nissin Ion Equipment Co., Ltd. Singapore BranchJapan
Nissin Electric Co., Ltd.
NHV Corporation
Nissin Business Promote Co., Ltd.
Nissin Heartful Friend Co., Ltd.
Auland Co., Ltd.

Nippon ITF Inc.

Nissin Systems Co., Ltd.

Nissin Denki Shouji Co., Ltd.

Nissin Pulse Electronics Co., Ltd.

Kyoto

Nissin Ion Equipment Co., Ltd.

(As of July 2024)

04

Busi nesse s a n d P r o d u c t s

Supporting Society and Lifestyles with Electric Technology
The Nissin Electric Group provides products and services that support a sustainable society and industrial infrastructure,with an emphasis on power system and energy equipment.
Our products play a key role everywhere to support society and everyone’s lifestyles.

Power Transmission Flow
Renewable Energy

Power Plant
Renewable EnergyUltra-high Voltage
Substation

Primary Substation

Factory

Electrical Railroad

Power Conditioner for
Photovoltaic System

550kV Capacitor Voltage
Transformer

154kV Gas InsulatedSwitchgear

66/77kV Ultra-compact Gas
Insulated Switchgear

Harmonic Restraint Device

Power Capacitor

66/77kV
Oil Filled Transformer

Special Switchgear
for Railroad Facilities

Project Substation

Renewable Energy

Captive Consumption
Photovoltaic System

Electrical Railroad

Ultra-high Voltage
Substation

Primary
Substation

05

FactoryPower Supply and Environment
System Business

Beam and Plasma Business

Equipment and Parts
Solution Business

By Business Segment

By Business Segment

By Business Segment

Design, proposal, operation, andmaintenance of environmentally friendly
power and environmental systems suchas power quality stabilization anddistributed energy

Ion implanter, electron beam processing
system, fine coating

Industrial equipment and parts contract
manufacturing, market-oriented
business

Water andSewerage

Office Building
Shopping Center

Expressways

Home

Automobile

Supervisory Control
System for Waterworks

6.6kV Switchgear

Vehicle Recognition System

Outdoor Type IoT Gateway

Fine Coating Service

77kV Extra-high Voltage
Substation Equipment

Environment consideration
unit substation

Electron Beam
Processing System

Smartphone
Tablet PC

Smartphone

Office BuildingIon Implanter
for Semiconductor

Tablet PC

Ion Implanter for FPD

Automobile
Expressways
Shopping Center
Water and Sewerage

Home06

Origin of Company Name
The name “Nissin” is derived from the inscription on the basin used byEmperor Tang, the founder of the Yin Dynasty (17th – 11th centuryB.C.). This inscription means: “Truly new each day. New each andevery day. Again, new each day.” According to the “Great Learning,” oneof the Four Books (China’s classic works on Confucianism), the noble
and benevolent ruler engraved these words on the basin, which heused every morning, as a constant reminder of the importance ofmaking continuous and untiring efforts to innovate himself every day.
Combining the two Chinese characters, “nichi (day)” and “shin (new)”,
used in this inscription, the company name was created so that,
following this precept, we would strive to develop original and innovativetechniques each and every day to forge a bright future for both peopleand technology.

湯之盤銘曰 苟日新 日日新 又日新
Source: “Great Learning,” one of theFour Books of Confucianism

Conjectural replica of Emperor Tang’s basin

Origin of Company Emblem
When Nissin Kogyosha was established, Shin Tomizawa, the founder,created this emblem by incorporating two stylized kanji characters, “日(nichi)” and “工 (ko)”, into a design. When the company wasincorporated as Nissin Electric, this emblem was carried over to thenew company along with the name “Nissin.”Company Emblem

https://nissin.jp/e/Cat.No.1045 R14
Printed in Japan 2024.7 向