FACTBOOK
7467/TSE Prime Market, NSE Premier Market

HAGIWARA ELECTRIC HOLDINGS CO., LTD.
For the six months of the fiscal year
ending on March 31, 2023

Contents
Corporate Profile

1-2

Consolidated Balance Sheet

3

Consolidated Statement of Income/Information by Segment

4

Consolidated Statement of Cash Flows

5

Consolidated Profitability / Efficiency / Stability
Indicators

6

Stock Information

7

Corporate Vision

8

Our Business

9-11

Corporate Profile (Operating companies in Japan)

12Corporate Profile
Corporate Outline (as of September 30, 2021)
Name of Company

HAGIWARA ELECTRIC HOLDINGS CO., LTD.

Head Office2-2-1 Higashisakura, Higashi-ku, Nagoya City, Aichi Pref. 461-8520 Japan

Representatives

Mitsuo Iwai, Chairman and Representative Director
Moritaka Kimura, President and Representative Director

EstablishedMarch 31, 1948

Share Capital

4,361,243,696 yen

Number of Employees

Consolidated: 684 *Excluding temporary employees

Major Business

Formulation and management of business strategies for group companies selling electronic
devices and electronic equipment and manufacturing and selling FA equipment

Subsidiaries

HAGIWARA ELECTRONICS CO., LTD.
HAGIWARA TECHNO SOLUTIONS CO., LTD.
HAGIWARA ENGINEERING CO., LTD.

Organizational structure of the GroupAs of September 30, 2022

Copyright(c) HAGIWARA
ELECTRIC
CO., LTD.
RightsReserved.
Copyright(c) HAGIWARA
ELECTRICHOLDINGS
CO.,AllLTD.
All Rights
Reserved.

1

Corporate Profile
Corporate History Timeline
1948

Hagiwara Denki Kogyo was founded.

1958

Hagiwara Denki Kogyo Co., Ltd. was founded.

1966

The Tokyo Branch Office was established.

1993

The Kyushu Office was established.

1996

The Singapore local subsidiary was established.

2006

The US local subsidiary was established.
The China (Shanghai) local subsidiary was established.

2012

2016

2019

The Germany local subsidiary was established.
The Data Center was opened.

1956

Partnership with NEC Corporation initiated and wholesale
division selling electronic components established.

1965

Company name changed to HAGIWARA ELECTRIC CO., LTD.

1981

The Nisshin Office (production factory) was established.

1995

Initial public offering of shares.

1998

The Miyoshi Distribution Center was established.

2011

The Korea local subsidiary was established.
The China (Free Trade Zone, Shanghai) local subsidiary wasestablished.

2014

Listed to the 1st Section of Tokyo Stock Exchange.
Listed to the 1st Section of Nagoya Stock Exchange.
The Thailand local subsidiary was established.

2018

Company name changed to HAGIWARA ELECTRICHOLDINGS CO., LTD., and status changed to holding company.
HAGIWARA HOKUTO TECHNO CO., LTD. was established.

2022

Listed to Tokyo Stock Exchange Prime Market.
Listed to Nagoya Stock Exchange Premier Market.
HAGIWARA ENGINEERING CO., LTD. becomes a subsidiary.

The Kansai Branch was established.

The India local subsidiary was established.

Group Network
Hagiwara Electric Europe GmbHHagiwara Electric (Thailand) Co., Ltd.
Hagiwara America, Inc.
Hagiwara (Shanghai) Co., Ltd.
Hagiwara Techno Solutions (Shanghai) Co., Ltd.

<Japan>HAGIWARA ELECTRIC HOLDINGS CO., LTD.
HAGIWARA ELECTRONICS CO., LTD.
HAGIWARA TECHNO SOLUTIONS CO., LTD.
HAGIWARA ENGINEERING CO., LTD.
HAGIWARA HOKUTO TECHNO CO., LTD.

Hagiwara Electronics
India Private Limited

Hagiwara Electric Korea Co., Ltd.

Singapore Hagiwara Pte. Ltd.

Trend of Business Performance

Note: The Company transitioned to a holding company system on April 1, 2018.
The business performance up to FY3/18 in this FACTBOOK refers to the figures of the former HAGIWARA ELECTRIC CO., LTD. before the transition.

Copyright(c) HAGIWARA
ELECTRIC
CO., LTD.
RightsReserved.
Copyright(c) HAGIWARA
ELECTRICHOLDINGS
CO.,AllLTD.
All Rights
Reserved.

2

Consolidated Balance Sheet
FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

Total assets

59,316

62,21064,63173,813

95,352Current assets

54,194

57,12659,326

68,29187,866
10,332（百万円）(￥ million)

資産の部

Assets

資産合計
流動資産
現金及び預金Cash and deposits

7,013

8,389

10,7139,345

受取手形及び売掛金

Notes and accounts receivable - trade29,75031,63628,372－－

受取手形、売掛金及び契約資産

Notes and accounts receivable - trade, and contract assets

－

－

－

20,91429,925電子記録債権Electronically recorded monetary claims - operating

1,980

1,512

1,673

13,1994,410

商品及び製品Merchandise and finished goods

14,154

14,25017,401

21,70338,135

仕掛品

Work in process

460

420

468

535

1,203

原材料及び貯蔵品

Raw materials and supplies

274

286

281

389

1,105

その他

Other

564

633

420

2,262

2,772

貸倒引当金

Allowance for doubtful accounts

△2

△3

△2

△ 59

△ 18

固定資産

Non-current assets

5,122

5,084

5,304

5,521

7,486

有形固定資産Property, plant and equipment

2,664

2,677

2,717

2,747

4,410

無形固定資産

Intangible assets

121

202

191

168

220

投資その他の資産

Investments and other assets

2,336

2,204

2,395

2,605

2,855

2,336

－

－

2,605

2,896

△0

－

－

△0

△ 41

FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

その他

Other

貸倒引当金

Allowance for doubtful accounts（百万円）(￥ million)

負債の部

Liabilities

負債合計

Total liabilities

28,69527,98629,03535,96853,219流動負債

Current liabilities

24,576

22,41822,34430,34944,827
17,631

支払手形及び買掛金

Notes and accounts payable - trade

11,482

11,591

10,782

14,773電子記録債務Electronically recorded obligations - operating

2,769

2,161

1,983

3,204

3,269

短期借入金

Short-term borrowings

6,835

5,770

5,225

6,483

16,427

1年内返済予定の長期借入金

Current portion of long-term borrowings

850

225

1,800

2,275

2,352

未払法人税等

Income taxes payable

783

724

537

580

1,024

製品保証引当金Provision for product warranties

－

－

－

－

24

受注損失引当金Provision for loss on order received

－

－

－

－

2

その他

Other

1,856

1,945

2,014

3,032

4,094

4,118

5,568

6,690

5,619

8,392

3,800

5,175

6,225

5,250

8,033

固定負債

Non-current liabilities

長期借入金Long-term borrowings

退職給付に係る負債

Retirement benefit liability

79

181

233

－

－

その他

Other

239

212

232

369

359

純資産の部

Net assets

純資産合計

Total net assets

30,62034,22335,596

37,845

42,133

株主資本

Shareholders' equity

30,12631,99233,36535,23038,911

資本金

Share capital

4,361

4,361

4,361

4,361

4,361

資本剰余金

Capital surplus

4,861

4,867

4,868

4,872

4,874

利益剰余金

Retained earnings

21,24623,09624,45426,302

29,966

Treasury shares

△ 343

△ 332

△ 319

△ 305

△ 290

475

176

153

518

1,112
298

自己株式
その他の包括利益累計額

Accumulated other comprehensive income

その他有価証券評価差額金

Valuation difference on available-for-sale securities

361

268

313

371

為替換算調整勘定

Foreign currency translation adjustment

206

107

103

247

915

退職給付に係る調整累計額

Remeasurements of defined benefit plans

△ 92

△ 199

△ 263

△ 100

△ 100

非支配株主持分Non-controlling interests

負債純資産合計Total liabilities and net assets

18

2,054

2,078

2,096

2,110

59,316

62,21064,63173,813

95,352

Copyright(c) HAGIWARA
ELECTRIC
CO., LTD.
RightsReserved.
Copyright(c) HAGIWARA
ELECTRICHOLDINGS
CO.,AllLTD.
All Rights
Reserved.

3

Consolidated Statement of Income/Information by Segment
Consolidated Statement of Income（百万円）(￥ million)

FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

売上高

Net sales

57,07762,33652,812

71,604

86,412

売上原価

Cost of sales

51,28356,17947,51865,02778,325

売上総利益

Gross profit

5,794

6,157

5,293

6,576

8,087

販売費及び一般管理費

Selling, general and administrative expenses

3,820

4,114

3,913

4,822

5,416

営業利益

Operating profit

1,974

2,043

1,380

1,754

2,671

営業外収益

Non-operating income

53

60

92

46

306

受取利息

Interest income

1

2

6

10

8

受取配当金

Dividend income

10

9

10

11

11

為替差益

Foreign exchange gains

17

－

－

－

194

投資有価証券評価益

Gain on valuation of investment securities

－

－

52

－

－

受取保険金

Insurance claim income

－

25

0

－

－

保険解約返戻金

Surrender value of insurance policies

0

－

－

－

－

その他

Other

23

22

22

25

92

営業外費用

Non-operating expenses

51

101

98

78

68

支払利息

Interest expenses

20

24

16

18

41

為替差損

Foreign exchange losses

－

38

58

41

－

投資有価証券評価損

Loss on valuation of investment securities

－

28

－

－

－

売上債権売却損

Loss on sales of trade receivables

17

7

12

－

18

その他

Other

経常利益

Ordinary profit

特別利益Extraordinary income

13

2

10

18

8

1,975

2,001

1,373

1,723

2,909
897

－

－

－

77

投資有価証券売却益

Gain on sale of investment securities

－

－

－

77

14

負ののれん発生益

Gain on bargain purchase

－

－

－

－

882

特別損失

1

3

0

5

0

固定資産処分損

Loss on disposal of non-current assets

1

0

0

5

0

会員権評価損Loss on valuation of membership

－

2

－

－

－

投資有価証券評価損

Loss on valuation of investment securities

0

1

－

－

－

1,974

1,998

1,373

1,795

3,806

Extraordinary losses

税金等調整前四半期純利益

Profit before income taxes

法人税等

Income taxes

634

663

469

622

967

Profit

1,340

1,335

904

1,172

2,839

四半期純利益非支配株主に帰属する四半期純利益
親会社株主に帰属する四半期純利益

3

28

27

27

21

1,336

1,307

876

1,145

2,817

Profit attributable to non-controlling interests
Profit attributable to owners of parent

Information by Segment
セグメント別業績 - Net Sales Breakdown by Business Segment（百万円）(￥million)

売上高
デバイス事業
ソリューション事業
セグメント利益
デバイス事業
ソリューション事業

Net sales
Electronic Devices BusinessTechnology Solutions Business
Segment profit
Electronic Devices BusinessTechnology Solutions Business

FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

57,077
46,687
10,390
1,974
1,420
553

62,33650,824
11,512
2,043
1,406
636

52,812
43,292
9,519
1,380
916
463

71,604
61,138
10,466
1,754
1,188
566

86,41274,651
11,760
2,671
1,728
942

FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

57,077
32,7732,150
4,262
17,89262,33635,333
2,262
4,425
20,31552,81230,684
1,743
1,892
18,492

71,60437,7591,973
1,436
30,434

86,412
41,0872,525
1,044
41,754

主要ユーザー別売上高 - Net Sales Breakdown by Major Client（百万円）(￥million)

売上高
株式会社デンソー
株式会社東海理化電機製作所
トヨタ自動車株式会社
その他

Net sales
DENSO CORPORATIONTOKAI RIKA CO., LTD.
Toyota Motor Corporation
OthersNote: Net sales to overseas subsidiaries of DENSO CORPORATION, etc. are included in "Others."

Copyright(c) HAGIWARA
ELECTRIC
CO., LTD.
RightsReserved.
Copyright(c) HAGIWARA
ELECTRICHOLDINGS
CO.,AllLTD.
All Rights
Reserved.

4

Consolidated Statement of Cash Flows（百万円）(￥ million)

営業活動によるキャッシュ・フローCash flows from operating activities

営業活動によるキャッシュ・フロー合計

Net cash provided by (used in) operating activities

FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

324

908

1,245

△ 1,107△ 6,1803,806

税金等調整前四半期純利益

Profit before income taxes

1,974

1,998

1,373

1,795

減価償却費

Depreciation

86

96

119

137

136

負ののれん発生益

Gain on bargain purchase

－

－

－

－

△ 882

1

0

0

5

－

0

△0

0

56

△1

固定資産除売却損益（△は益）貸倒引当金の増減額（△は減少）

Loss (gain) on sale and retirement of non-current
assetsIncrease (decrease) in allowance for doubtful
accounts

退職給付に係る負債の増減額（△は減少）

Increase (decrease) in retirement benefit liability

△ 30

△ 21

△ 17

－

－

退職給付に係る資産の増減額（△は増加）

Decrease (increase) in retirement benefit asset

－

－

－

△ 46

△ 50

受注損失引当金の増減額（△は減少）

Increase (decrease) in provision for loss
on order received

△ 11

－

－

－

－

受取利息及び受取配当金

Interest and dividend income

△ 12

△ 11

△ 16

△ 21

△ 19

支払利息

Interest expenses

20

24

16

18

41

投資有価証券売却損益（△は益）Loss (gain) on sale of investment securities

－

－

－

△ 77

△ 14

売上債権の増減額（△は増加）

Decrease (increase) in trade receivables

365

1,455

4,368

6,149

2,179

棚卸資産の増減額（△は増加）

Decrease (increase) in inventories△ 10,883

仕入債務の増減額（△は減少）

Increase (decrease) in trade payables

その他

Other, net

小計

Subtotal△ 1,409△3△ 686△ 5,589△ 248△ 1,133△ 3,224△ 1,980

68

76

△ 481

△ 221

△ 1,000

511

813

1,922

1,712

△ 554

△ 5,109

12

12

16

22

20

利息及び配当金の受取額Interest and dividends received

利息の支払額Interest paid

△ 20

△ 24

△ 15

△ 20

△ 41

法人税等の支払額

Income taxes paid

△ 480

△ 1,001

△ 468

△ 555

△ 1,049

△ 292

△ 133

△ 43

28

△ 1,280

70

－

－

－

－

投資活動によるキャッシュ・フローCash flows from investing activities

投資活動によるキャッシュ・フロー合計

Net cash provided by (used in) investing activities

定期預金の払戻による収入

Proceeds from withdrawal of time deposits

定期預金の預入による支出

Payments into time deposits

△ 200

－

－

－

－

投資有価証券の取得による支出

Purchase of investment securities

△ 15

△5

△5

△3

△1

投資有価証券の売却による収入

Proceeds from sale of investment securities

－

－

64

118

20

有形固定資産の取得による支出

Purchase of property, plant and equipment

△ 111

△ 80

△ 79

△ 70

△ 45

無形固定資産の取得による支出

Purchase of intangible assets

△ 39

△ 29

△ 43

△ 21

△ 43

子会社株式の取得による支出

Purchase of shares of subsidiaries
resulting in change in scope of consolidation

－

－

－

－

△ 1,209

その他

Other, net

4

△ 17

21

5

△1

財務活動によるキャッシュ・フローCash flows from financing activities

財務活動によるキャッシュ・フロー合計

Net cash provided by (used in) financing activities

474

179

1,777

567

8,807

短期借入金の純増減額（△は減少）

Net increase (decrease) in short-term borrowings

252

233

77

1,134

6,298

長期借入れによる収入

Proceeds from long-term borrowings

700

1,250

2,400

1,300

4,060

長期借入金の返済による支出

Repayments of long-term borrowings

△ 893

△ 800

△ 150

△ 1,350△ 950

自己株式の取得による支出

Purchase of treasury shares

－

－

△0

△0

△0

株式の発行による収入

Proceeds from issuance of shares

879

－

－

－

－

配当金の支払額

Dividends paid

△ 467

△ 485

△ 482

△ 442

△ 529

非支配株主からの払込みによる収入

Proceeds from share issuance to non-controllingshareholders

15

－

－

－

－

非支配株主への配当金の支払額

Dividends paid to non-controlling interests

その他

Other, net

－

△5

△ 34

△ 34

△ 34

△ 11

△ 13

△ 32

△ 39

△ 37

△ 32

△ 73

△ 20

143

479
1,825

現金及び現金同等物に係る換算差額

Effect of exchange rate change on cash and cash
equivalents

現金及び現金同等物の増減額（△は減少）

Net increase (decrease) in cash and cash equivalents

473

881

2,959

△ 368

現金及び現金同等物の期首残高

Cash and cash equivalents at beginning of period

6,540

7,508

7,753

9,713

8,506

現金及び現金同等物の四半期末残高

Cash and cash equivalents at end of period

7,013

8,389

10,713

9,345

10,332

Copyright(c) HAGIWARA
ELECTRIC
CO., LTD.
RightsReserved.
Copyright(c) HAGIWARA
ELECTRICHOLDINGS
CO.,AllLTD.
All Rights
Reserved.

5

Consolidated Profitability/ Efficiency/ Stability Indicators
Profitability Indicators（%）

FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

売上高総利益率(A)Gross profit on Net sales

10.2

9.9

10.0

9.2

9.4

売上高営業利益率(B)Operating profit margin

3.5

3.3

2.6

2.5

3.1

売上高経常利益率(C)Ordinary profit margin

3.5

3.2

2.6

2.4

3.4

売上高四半期純利益率(D)Net profit margin

2.3

2.1

1.7

1.6

3.3

Gross profit on Net sales＝Gross profit/Net sales
Operating profit margin＝Operating profit/Net sales
Ordinary profit margin＝Ordinary profit/Net sales
Net profit margin＝Profit attributable to owners of parent/Net sales

Efficiency Indicators
FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

インタレスト・カバレッジ・レシオ（倍）(A)Interest coverage ratio

97.7

84.1

83.1

97.4

64.8

期末従業員数（人）(B)

Number of employees at end of period

547

581

598

607

684

期末臨時従業員数（人）(C)

Number of temporary employees at end of period

49

56

64

81

97

１人当たり売上高（万円）(D)Net sales per employee

9,577

9,786

7,978

10,408

11,064

１人当たり経常利益（万円）(E)

Ordinary profit per employee

332

314

208

250

373

１人当たり四半期純利益（万円）(F)Net profit per employee

224

205

132

166

361

Interest coverage ratio＝(Operating profit+Interest income+Dividend income)/Interest expenses
Net sales per employee＝Net sales/(No. of employees at end of period+No. of temp. employees at end of period)
Ordinary profit per employee＝Ordinary profit/(No. of employees at end of period+No. of temp. employees at end of period)
Net profit per employee＝Profit attributable to owners of parent/(No. of employees at end of period+No. of temp. employees at end of period)

Stability Indicators Indicators（%）

FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

自己資本比率(A)Equity ratio

51.6

51.7

51.9

48.4

42.0

有利子負債依存度(B)Interest-bearing debt ratio

19.4

18.0

20.5

19.0

28.1

当座比率(C)

Acid-test ratio

157.6

185.3

182.4

143.2

99.6

流動比率(D)

Current ratio

220.5

254.8

265.5

225.0

196.0

固定比率(E)

Non-current ratio

16.7

15.8

15.8

15.4

18.7

固定長期適合率(F)Non-current assets to Non-current liability ratio

14.8

13.5

13.2

13.3

15.5

Equity ratio＝Equity/Total assets
Interest-bearing debt ratio＝Interest-bearing debt/Total assets
Acid-test ratio＝Liquid assets/Current liabilities
Current ratio＝Current assets/Current liabilities
Non-current ratio＝Non-current assets/Equity
Non-current assets to Non-current liability ratio＝Non-current assets/(Equity+Non-current liabilities)

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6

Stock Information
Per Share Indicators
FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

3,390

2,680

2,282

2,211

2,102

2,892-3,990

2,557-3,385

1,860-2,932

2,155-2,830

1,851-2,365

１株当たり四半期純利益 - Earnings per share (C)153.25147.9899.20

129.48318.27

１株当たり配当金 - Dividend per share (D)

50.00

50.00

30.00

40.00

60.00

FY3/19
上半期/1HFY3/20
上半期/1HFY3/21
上半期/1HFY3/22
上半期/1HFY3/23
上半期/1H

441

441

265

354

531

配当性向（％） -Dividend payout ratio (％) (F)

32.6

33.8

30.2

30.9

18.9

株価収益率（倍） - Price earnings ratio (times) (G)

11.06

9.06

11.50

8.54

3.30

- Term-average number of shares outstanding (thousand shares) (H)

8,722

8,833

8,839

8,846

8,854

株主数（人） - Number of shareholders (persons) (I)

2,794

2,825

3,056

2,963

3,092

（円） - ￥
期末株価 - Share price at end of period (A)株価レンジ（直近12ヶ月の引値ベース）- Closing stock price range for the last 12 months (B)Other Indicators

配当金総額（百万円） - Total amount of dividends (\million) (E)

期中平均株式数（千株）

Notes: The Company issued the share acquisition rights during the second half of FY3/18.
Dividend payout ratio＝DPS/EPSPER＝Share price at end of period/EPS*2
as of September 30, 2022

上位10名 - Top 10 Shareholders

所有株式数（株）

所有株式数の割合（%）

Number of shares

Shareholding ratio (%)⽇本マスタートラスト信託銀行株式会社（信託⼝）1,002,700

11.32

株式会社⽇本カストディ銀行（信託⼝） - Custody Bank of Japan, Ltd.(trust account)

700,200

7.90

有限会社スタニイ - STANY Co., Ltd.

495,250

5.59

萩原智昭 - Tomoaki Hagiwara

340,030

3.84

株式会社三菱ＵＦＪ銀行 - MUFG Bank, Ltd.

232,500

2.62

230,000

2.60

公益財団法人萩原学術振興財団 - HAGIWARA FOUNDATION OF JAPAN

230,000

2.60

BBH FOR FIDELITY LOW－PRICED STOCK FUND (PRINCIPAL ALL SECTOR SUBPORTFOLIO)

222,8612.52

萩原電気従業員持株会 - Employees' Stockholding

193,9882.19

三井住友信託銀行株式会社 - Sumitomo Mitsui Trust Bank, Limited

178,000

2.01- The Master Trust Bank of Japan, Ltd. (trust account)

名古屋中小企業投資育成株式会社- Nagoya Small and Medium Business Investment & Consultation Co., Ltd.

Note: Shareholding ratio is calculated excluding treasury shares (158,474 shares).

個人その他 - Individuals and others
その他の法人 - Other Japanese companies
金融商品取引業者 - Financial instruments business operators

外国法人等 - Foreign institutions and others
金融機関 - Financial institutions
自己株式 - Treasury shares

2.99%

FY3/23
上半期/1H

41.04%

FY3/22
上半期/1H

39.76%

27.92%

13.49%

12.80%

1.76%

2.36%
12.58%

14.66%

28.79%

1.85%

0.64%

FY3/21
上半期/1H

43.51%

0%

10%

20%

11.78%

30%

40%

50%

12.22%

60%

29.92%

70%

80%

1.93%

90%

100%

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ELECTRIC
CO., LTD.
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7

Corporate Vision
A solution design company
that is creating the future through advanced electronics
We aim to be a corporate group that contributes to a sustainable society by designing new value forthe future of our mobility society and manufacturing through digital transformation.
The foundation of our corporate activities is to prioritize ourcustomers' perspective. We not only meet our customers’ needs,
but we exceed their expectations by using our knowledge as a
trading company to make proposals and leverage our proventechnologies to deliver the best solution.
The Hagiwara Electric Group works as one to fulfill its role andElectronic Devices
Business

Supporting a More Prosperous LifestyleThrough Advanced Technology

mission as a technology-related trading company. We contribute to
the achievement of a prosperous society by creating technologicalbases to support our electronic devices business, technology
solutions business, and overseas business expansion, throughwhich we create solutions that add new value and create greater
opportunities for success in all fields.

Technology
Solutions BusinessSupporting the DigitalSociety of the Future

We evolve together with our customers through advanced
electronics technology and logistics services

Toward a digital society transformed by data and technology:
expanding the possibilities of the future through digital transformation

The digital revolution has finally begun to change the nature of theautomobile. We help to solve our customers’ problems by providing
new services based on our many years of experience in theautomotive industry.

We provide solutions for achieving a connected society by integrating
and developing the measurement and digitalization technologies that
we have cultivated in the manufacturing field, and for achieving thedigital transformations that will lead to the digital society of the future.

Overseas Business
Expansion

Supporting Your Global
Expansion

Technological
Base

Supporting Hagiwara
Electric Technologies

Delivering value globally ~Contributing to our customers’
overseas expansion and the development of local businesses~

Creating new value in society with the power of technology

The Hagiwara Electric Group supports the globalization of
manufacturing by actively promoting overseas expansion. We
currently have a worldwide network originating in Japan and covering
North America, Asia and Europe. By utilizing the group know-how
and resources of our local bases, we are able to provide the samelevel of support for customers engaged in overseas manufacturing
operations as for customers operating in Japan.

From development of original component technologies to applied
technology and cutting-edge technology, we actively pursue newpotential and functional diversity in addition to seeking newtechnologies. We create new value in society by being responsive tothe expanding markets of many different industries, while at the sametime, using our strengths to support the business of Hagiwara ElectricGroup.

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ELECTRIC
CO., LTD.
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8

Our BusinessElectronic Devices BusinessWe evolve together with our customers
through advanced electronics technology and logistics services
The digital revolution has finally begun to change the nature of the automobile.
We help to solve our customers’ problems by providing new services
based on our many years of experience in the automotive industry.
Business Domains
Contributing to the automotive society of tomorrow,transitioning beyond conventional concepts, by providing the cutting edge solutions
Supporting the Latest Innovations
Internal vehicle devices
The safety and comfort of one’s car is paramount to a relaxed and enjoyable driving experience.
We handle a diverse selection of electronic devices that support these developments.
What’s more, our team is equipped to provide a personalized experience with advanced device
solutions. Our specialists are experienced in developing new cutting edge products that are
customized and tailored to suit your company’s needs.

Embedded software development
With the increasing usage of electronics in vehicles, the demand for microcontrollers has
increased.
To meet this ever increasing demand, we are developing improved software to advance thequality and performance of automotive microcontrollers.
Supporting the Evolution of Industry

Devices for industry and social infrastructure
As automation and motorization expand, so too does the technology used in our daily lives. The
electronic devices we supply support these developments and allow us to respond quickly to
our customers’ needs in a variety of fields even as the global demand outgrows production.

Features of Electronic Devices Business1. The Hagiwara of Cars

3. The Hagiwara of Technological Strengths

A wealth of achievements in the automotive industry especiallyin the Chubu region

Our efforts in the field of hardware development and EMS/ODM

The Hagiwara Electric Group is based in Nagoya, where the world’s
top automobile and auto parts manufacturers are located. When the
Hagiwara Electric Group was founded, we put down roots in the
Chubu region, where we have been able to create and foster close
relationships with our customers. These relationships have beencultivated over many years and at their cores are built on trust. This
has allowed us to gather the latest knowledge about industry trends
as well as accumulate the latest and most advanced technology
available with which the cars of the future will be fashioned.

In recent years, semiconductors such as LSIs with integratedfunctionality have become mainstream. The Hagiwara Electric Grouputilizes its technological strengths to support the functional
development of semiconductors as well as the incorporation of “plusalpha” functions into general purpose products. Due to ouradvancements in software creation and design, we are able toprovide electronics manufacturing services (EMS) and original design
manufacturing (ODM).

2. The Hagiwara of Solutions

4. The Hagiwara That Is Everywhere in Society

Established partnerships with global leaders and drivers ofgrowthA presence in multiple fields including industry, robots, housing
equipment, and nursing care

The partnerships we promote are those that will benefit ourcustomers and provide us the tools to resolve any issues they mightface. With a focus on long-established global brands, we are always
in pursuit of manufacturers who will be the leaders of the next
generation. This commitment to coordinating and selecting only thebest assists us in providing our customers with most innovative
solutions available.

Device solutions from the Hagiwara Electric Group are utilized infactories to accelerate factory automation (FA). Additionally, oursolutions are used in both the housing equipment field and thenursing care field. Our cutting-edge inventory of electronic
components and ability to propose solutions support automation andmotorization, bringing more convenience to our lives.

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ELECTRIC
CO., LTD.
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9

Our BusinessTechnology Solutions BusinessToward a digital society transformed by data and technology:
expanding the possibilities of the future through digital transformation
We provide solutions for achieving a connected society
by integrating and developing the measurement and digitalization technologies
that we have cultivated in the manufacturing field,
and for achieving the digital transformations that will lead to the digital society of the future.
Solutions for Every Area
IT Solutions

Product Solutions

Measurement and FA Solutions

DX

Embedded Platforms

Measurement Solutions

・Factories

Security

Embedded Devices

FA Solutions

・SocialData Centers

Original Products

Business
Domains・IT Infrastructure
・Medicine and

Cloud
IT Platforms

Healthcare

Original Packages

Features of Technology Solutions Business1. Trading Company with Manufacturing Functions

3. Looking Ahead and Being a Pioneer

Partnerships with a variety of manufacturers and our own
manufacturing function

Using our technological strengths stay new and on trend

In addition to the major manufacturers we have been working with formany years, we also actively collaborate with leading manufacturers
across the globe. We assist our customers in finding state-of-the-art
technologies and products that suit them. We also have amanufacturing arm where we develop and manufacture our own
original products. We resolve the issues faced by our customers
through our commitment to quality and meticulous support.

From selling computers and servers to building networks and IT
platforms, we have always used state-of-the-art and trending
technologies such as measurement solutions that support modelbased development. We will continue to use our proven, extensive
technological resources to seek new technologies that will form thefoundation of the next generation.

2. Achievements in Industry

4. Promoting Digital Transformation and Creating New Value

A wealth of achievements at auto factories and other production
sites especially in the Chubu region

Delivering new value in the data-driven digital integration andfactory integration services market

The Chubu region is where many world-class automobile
manufacturers and automobile parts manufacturers have theirproduction bases. The region is also playing host to an increasing
number of companies engaged in manufacturing equipment for
production facilities such as machine tools. Headquartered in Nagoya—the heart of the Chubu—the Hagiwara Electric Group has a proventrack record in production site-related business. We are also
leveraging these achievements to develop a wide range of solutions
in various other fields such as IT and security.

We are able to utilize our experience in IT, embedded devices,
measurement, and other aspects of factory automation (FA) in orderto import data from various machines and objects. We create newvalue by processing the data we collect into meaningful informationand promoting digital transformation.

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ELECTRIC
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10

Our Business
Overseas Business Expansion

Delivering value globally ~Contributing to our customers’ overseas
expansion and the development of local businesses~
The Hagiwara Electric Group supports the globalization of manufacturing by actively promoting overseas expansion.
We currently have a worldwide network originating in Japan and covering North America, Asia and Europe.
By utilizing the group know-how and resources of our local bases, we are able to provide the same level of support
for customers engaged in overseas manufacturing operations as for customers operating in Japan.
Our goal is to strengthen the development support system of local subsidiaries by implementing measures such as
stationing engineers at each location.
This allows us to contribute to the creation and expansion of global markets with our customers while at the sametime developing new products and new businesses.

Approach to Overseas Business■Meeting the global needs of Japanese companies■Proposing Solutions That Correspond with Local Needs■Expanding Our Overseas Network■Business localization■Enhancing development and design■Creating new markets

Technological BaseCreating new value in society with the power of technology
From development of original component technologies to applied technology and cutting-edge technology,
we actively pursue new potential and functional diversity in addition to seeking new technologies.
We create new value in society by being responsive to the expanding markets of many different industries,
while at the same time, using our strengths to support the business of Hagiwara Electric Group.

Hagiwara Electric's Strengths
The Hagiwara Electric Group's strength lies in the ability to use our technological advantages toprovide solutions for issues and challenges faced by our customers. Our technologies are largely
divided into support technology and development technology, and at the heart of both of these is
our component technology and experience. Electronic products are becoming increasingly
sophisticated and complex. What is needed now is not only product lineup, but also the ability tosupport all the technical aspects of a customer's project by utilizing expertise in each field of thecustomer's business. Utilizing our proven track record and the experience we have accrued, we
serve the role of a bridge between suppliers and customers. Our competencies translate into an
ability to support our customers' product development and to help their business succeed. At theheart of our ability to provide solutions is the technological strength of the Hagiwara ElectricGroup and we will further enhance it as a horizontally interconnected foundation that supports
the entire Group.

Our Technologies
Examples of Support Technologies
Support for Component Selection■Introduction of new products frommanufacturing partners■Provision of the latest product informationand technical trends■Assistance in new product evaluation andcomparative evaluation of parts

Development Support for
Customers■Support for advance development of embedded
systems■Support for development of embedded softwareand hardware mass production■Support for constructing IT and other systems(system integrator)■Introduction of partner companies that canperform development and evaluation

Examples of Development Technologies
Contracted Development ofEmbedded Systems■Embedded software development andevaluation■Development of embedded system hardware■Circuit design and evaluation of system
LSIs and ICs

Contracted Development
Related to IT Solutions■IoT-related system development■System development for production
management systems, etc.
■Construction of various FA and measurement
systems

Support for Failure Analysis■Cooperation in failure classification, reproduction
testing and analysis■Follow up on failure analysis in collaboration with
manufacturing partners

Establishment of Evaluation
Environments and Contracted
Development of Component
Technologies for Automated Driving
and Other Systems■Acquisition of car driving video and data tagging■Image processing that can be applied to electronic
mirrors and peripheral monitoring■Implementation of new algorithms in embedded systems

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ELECTRIC
CO., LTD.
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ELECTRICHOLDINGS
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Corporate Profile(Operating companies in Japan)
HAGIWARA ELECTRONICS CO., LTD.
Name of Company
Location
Representative

HAGIWARA ELECTRONICS CO., LTD.
Takaoka Park Building, 2-2-1 Higashi Sakura, Higashi-ku, Nagoya-shi, Aichi
Takeshi Soejima, President and Representative Director

EstablishedMay 1, 2017 (Business operation commenced on April 1, 2018)

Share Capital

1,310 million yen

Major Business

Sale of integrated circuits, semiconductors and electron devices

HAGIWARA TECHNO SOLUTIONS CO., LTD.
Name of Company

Location
Representative

HAGIWARA TECHNO SOLUTIONS CO., LTD.
Takaoka KANAME Building, 2-28-23 Izumi, Higashi-ku, Nagoya-shi, Aichi
Chihiro Kashima, President and Representative Director

EstablishedMay 1, 2017 (Business operation commenced on April 1, 2018)

Share Capital

310 million yen

Major Business

Sale of electronic equipment and manufacture and sale of FA equipment

HAGIWARA ENGINEERING CO., LTD.
Name of Company

HAGIWARA ENGINEERING CO., LTD.

Location

326,Sayamagahara,Iruma-shi,Saitama

Representative

Ken Yamauchi, President and Representative Director

Established

April 26,1990

Share Capital

484 million yen

Major BusinessSensor devices assemble equipment, energy-related manufacturing equipment,
flat panel display module assemble equipment and other automated manufacturing equipment

HAGIWARA HOKUTO TECHNO CO., LTD.
Name of Company
Location
Representative

HAGIWARA HOKUTO TECHNO CO., LTD.
Takaoka Park Building, 2-2-1 Higashi Sakura, Higashi-ku, Nagoya-shi, Aichi
Atsunori Shigenobu, President and Representative Director

Established

April 2, 2018

Share Capital

45 million yen

Equity ownership
ratio

HAGIWARA ELECTRONICS CO., LTD.: 66.56%
Hokuto System Co., Ltd.: 33.44%

Major Business

Consignment and services related to in-vehicle software verification and development

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ELECTRIC
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RightsReserved.
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Contact
HAGIWARA ELECTRIC HOLDINGS CO., LTD.
Corporate Planning Department
Phone: +81-52-931-3553
FAX: +81-52-935-7610
E-mail: ir@hagiwara.co.jp
https://www.hagiwara.co.jp/english/