Corporate Profile

Corporate Profile

We dedicate ourselves to creating valued productsthat will contribute to a brighter future for society.

© 2022 NICHICON CORPORATION All Rights Reserved..

2

Corporate Profile

Achieving carbon neutrality

Energy self-sufficiency

Electricity preparedness forunexpected power outages© 2022 NICHICON CORPORATION All Rights Reserved..

3

Corporate Profile

Further move to electric vehicles
and electrification of vehicles

Increasedtransmission speeds

Greater availability ofadvanced medical care
© 2022 NICHICON CORPORATION All Rights Reserved..

4

Corporate Profile

Capacitors© 2023 NICHICON CORPORATION All Rights Reserved..

Circuit Products

Energy storage system

Specialty power supplies
for research, medical, andindustrial applications

5

Corporate Profile

Managing electricity with energy generation, storage,
and saving technologies to support safe, healthy,
convenient lifestyles, digital society and industry, andcontributing to conserving the global environment© 2023 NICHICON CORPORATION All Rights Reserved..

6

Corporate Profile

Mission Statement
We dedicate ourselves to creating valued products that willcontribute to a brighter future for society. We strive to attain abetter global environment, to live up to our ethical and social
responsibilities and to diligently work to exceed the
expectations of our customers, shareholders and employees.
With heart and soul we aim to maximize our corporate value by

the way of “ko-do” (Think and Work).

“ko-do” (Think and Work): NICHICON has coined this word (in the Japanese origin), which refers to thinking and working.

© 2023 NICHICON CORPORATION All Rights Reserved..

7

Corporate Profile

Management policy
Top Notch Management ──First-class performance in every aspect of our business, including quality, cost, delivery,
service, and technology“Top notch” means “first class,” or “the best.” At Nichicon, we offer our customers value that exceeds their expectations, shifting our focus fromconventional manufacturing of products to creating new technologies that give inspiration, while transitioning from manufacturing to creation.

© 2023 NICHICON CORPORATION All Rights Reserved..

8

Corporate Profile

Message from the Chairman and the President“We dedicate ourselves to creating valued products that willcontribute to a brighter future for society.” ──“We dedicate ourselves to creating products that will contribute to abrighter future for society.” Working from this mission statement, theNichicon Group has built its capacitor and NECST businesses, andcreated technologies that contribute to the achievement of a sustainable
society by developing and providing innovative products.
Our mission goes beyond simply manufacturing to the creation oftechnologies that will form a better and more sustainable society byachieving SDGS, as well as the provision of solutions with value.
As a creative business, we are committed to bringing satisfaction andinspiration to our customers.

Katsuhiko Mori

Ippei Takeda

Representative Director,
President

Representative Director andChairman© 2023 NICHICON CORPORATION All Rights Reserved..

9

Corporate Profile

Corporate Data
Corporate
Name

NICHICON CORPORATIONHead Office
Location

Karasumadori Oike-agaru, Nakagyo-ku,
Kyoto, 604-0845 Japan

Established

August 1, 1950

Listings

The Prime Market of the Tokyo Stock
Exchange
Stock code 6996

Kyoto City

© 2023 NICHICON CORPORATION All Rights Reserved..

10Corporate Profile

Corporate Data

Capital StockNet Sales (Consolidated)

Overseas sales ratio

Shareholders’ equity ratio

14,286

184,725

56.8

51.4

million yen

million yen

As of March 31, 2023

Fiscal year ended March 31, 2023

Fiscal year ended March 31, 2023

Employees (Consolidated)

Business bases

Number of groupcompanies

5,408
As of March 31, 2023

© 2023 NICHICON CORPORATION All Rights Reserved..

43
11bases in％％

As of March 31, 2023

28

countries

As of March 31, 2023

As of March 31, 2023

11

Corporate Profile

Business
Capacitor Business

NECST Business

Capacitor

Nichicon Energy Control System Technology

Nichicon’s core business is the production of digital devices
such as aluminum electrolytic capacitors, conductive polymer
aluminum solid electrolytic capacitors, film capacitors, andsmall Li-ion rechargeable batteries

Nichicon’s growth businesses are focused on core line of circuit
products, including energy storage systems for home, public,
and industrial use, various types of power supplies, function
modules, and capacitor applied application-related equipment

Film
capacitors

Small li-ion
rechargeable
batteries

Vehicle-to-Home(V2H)
systems

Householdenergy storage
systems

Aluminum
electrolytic
capacitorsPowercapacitors

Public andindustrial power
storagesystems

EV and PHV
QuickCharger© 2023 NICHICON CORPORATION All Rights Reserved..

12

Corporate Profile

Target markets
Capacitor Business

NECST Business

Capacitor

Nichicon Energy Control System Technology

Nichicon’s core business is the production of digital devices
such as aluminum electrolytic capacitors, conductive polymer
aluminum solid electrolytic capacitors, film capacitors, andsmall Li-ion rechargeable batteries

Nichicon’s growth businesses are focused on core line of circuit
products, including energy storage systems for home, public,
and industrial use, various types of power supplies, function
modules, and capacitor applied application-related equipment

Energy, theenvironment (ecology)
and medical equipment© 2023 NICHICON CORPORATION All Rights Reserved..

Automotive &railway-car related
appliancesHousehold electricalappliances andindustrial inverters

Information andcommunications
equipment

13

Corporate Profile

Values we provide society and our customers
Capacitor Business

NECST Business

Capacitor

Nichicon Energy Control System Technology

Nichicon’s core business is the production of digital devices
such as aluminum electrolytic capacitors, conductive polymer
aluminum solid electrolytic capacitors, film capacitors, andsmall Li-ion rechargeable batteries

Nichicon’s growth businesses are focused on core line of circuit
products, including energy storage systems for home, public,
and industrial use, various types of power supplies, function
modules, and capacitor applied application-related equipment

Energy, the environment(ecology) and medical equipment

Automotive & railway-car
related appliancesHousehold electrical appliances
and industrial inverters

Information andcommunications equipment

Values we provide society and our customers
Achieving carbon neutrality

Expanding the functions of
information andcommunications equipment

Facilitating advanced
medicine

Improving the quality of life

Clean energy Energy savings

Comfort

Safety and security

Safety and security© 2023 NICHICON CORPORATION All Rights Reserved..

Providing aid to postdisaster reconstruction
activities

Safety and security

BCP

14

Corporate Profile

Features

Developing innovative
products andtechnologies

Contributing to society
as a creation business

Cultivating diverse
human resources

Engaging in active R&D
Making aggressive
activities including
capital investment andindustry-academia
R&D investment
collaboration

Building a soundfinancial basePromoting DX forreforming manufacturingand making operations
more efficient

Developing innovative products and technologies ────Nichicon has released a succession of innovative
products, including industry-leading household energy
storage systems that were the first to bring solargenerated electricity for use at night to the market, V2H
systems that were the first in the world to allow
households to use electricity from electric and plug-in
hybrid vehicles, the Tribrid Energy Storage System™
that allows households and electric vehicles to use

electricity generated from solar power, and portableenergy storage systems.

© 2023 NICHICON CORPORATION All Rights Reserved..

15

Corporate Profile

Features

Developing innovative
Contributing to society
products andas a creation businesstechnologies

Cultivating diverse
human resources

Engaging in active R&D
Making aggressive
activities including
capital investment andindustry-academia
R&D investment
collaboration

Building a soundfinancial basePromoting DX forreforming
manufacturing andmaking operations
more efficient

Strong presence thanks to development of innovative products and technologies
No.1 in Japan

UniqueGreater than 80% share

Cumulative sales of household energy storage
batteries

Small Li-ion rechargeable batteries

Accelerator power supplies for medical
facilities and academic research

World-first

UniqueDevelopment of the EV Power Station, the Vehicleto-Home (V2H) system that allows power supply
from electric vehicles

Developed the Tribrid Energy Storage System™,
which allows electricity generated with solar power
to be used in households or in electric vehicles© 2023 NICHICON CORPORATION All Rights Reserved..

16

Corporate Profile

Features

Developing innovative
Contributing to society
products andas a creation businesstechnologies

Cultivating diverse
human resources

Engaging in active R&D
Making aggressive
activities including
capital investment andindustry-academia
R&D investment
collaboration

Building a soundfinancial basePromoting DX forreforming
manufacturing andmaking operations
more efficient

Contributing to society as a creation business ────We seek to go beyond simply making good products,
aiming to create the values needed by society and ourcustomers to create tangible products that are capableof changing the world. For example, the energy storage
products from our NECST business is an example ofour contribution to society as a creative business.
Power Movers used in areas struck by Typhoon Rai in the Philippines(December 2021)© 2023 NICHICON CORPORATION All Rights Reserved..

17

Corporate Profile

Features

Developing innovative
Contributing to society
products andas a creation businesstechnologies

Cultivating diverse
human resources

Engaging in active R&D
Making aggressive
activities including
capital investment andindustry-academia
R&D investment
collaboration

Building a soundfinancial basePromoting DX forreforming
manufacturing andmaking operations
more efficient

Cultivating diverse human resources ────We see our personal as our greatest asset. Nichiconhires and promotes a diverse array of human resources,
where each person’s unique abilities are actively
demonstrated. The company offers a variety of humanresource development programs that cover everythingfrom the basics to high-level content. A unique feature isour cooperation with universities to offer training in MOT(Management of Technology). MOT produces engineers

who understand management and managers who
understand the value of technology.

© 2023 NICHICON CORPORATION All Rights Reserved..

18

Corporate Profile

Features

Developing innovative
Contributing to society
products andas a creation businesstechnologies

Cultivating diverse
human resources

Engaging in active R&D
Making aggressive
activities including
capital investment andindustry-academia
R&D investment
collaboration

Building a soundfinancial basePromoting DX forreforming
manufacturing andmaking operations
more efficientEngaging in active R&D activities including industry-academia collaboration ────To meet the challenges of creating new value and expand the scope of our business, our own our research anddevelopment teams are working with technology promotion organizations, companies in other industries, and universities
to develop the technology for tomorrow.
Examples)✔ Institute of Industrial Science, The University of Tokyo/Nichicon Industry-Academia Cooperative Research Agreement✔ Participation in business associated with the development of technologies for energy demand conversion and use through large-scale

P2G systems aimed at achieving carbon neutrality in the Green Innovation Fund✔ Next-generation power semiconductor SiC power conversion modules: Participation in a Super Cluster program from the Japan Scienceand Technology Agency✔ Maintenance-free electronic shelf tag system utilizing film-type perovskite solar cells: Enecoat Technologies Co., Ltd,, Ricoh Electronic
Devices Co., Ltd.
✔ ”VSI” Metamaterial heat dissipation sheet: Okitsumo Inc., KISCO LTD.

© 2023 NICHICON CORPORATION All Rights Reserved..

19

Corporate Profile

Features

Developing innovative
Contributing to society
products andas a creation businesstechnologies

Cultivating diverse
human resources

Engaging in active R&D
Making aggressive
activities including
capital investment andindustry-academia
R&D investment
collaboration

Building a soundfinancial basePromoting DX forreforming
manufacturing andmaking operations
more efficient

Making aggressive capital investment and R&D investment ────In recent years, demand for aluminum electrolytic
capacitors and EV film capacitors has seen particular
growth. To meet supply needs we invested 11.2 billion
Wuxi factory (China)

yen in fiscal 2022 to increase and expand production
capacity. We are also actively investing in research andKameoka factory

development and technology development in
anticipation of new business growth. This will lead tothe creation of groundbreaking products andtechnologies, as well as greater competitiveness.

© 2023 NICHICON CORPORATION All Rights Reserved..

20

Corporate Profile

Features

Developing innovative
Contributing to society
products andas a creation businesstechnologies

Cultivating diverse
human resources

Engaging in active R&D
Making aggressive
activities including
capital investment andindustry-academia
R&D investment
collaboration

Building a soundfinancial basePromoting DX forreforming
manufacturing andmaking operations
more efficient

Building a sound financial base ────
Shareholders’ equity ratio
(%)

60.0

In order to launch bold, aggressive business strategies
55.9

that can yield further growth, a strong financial positionis essential. Nichicon maintains steady financial

55.0

54.6

54.2

strength and excellent company soundness; forexample, while the ratio of shareholders’ equity isof 51.4%.

© 2023 NICHICON CORPORATION All Rights Reserved..

54.3
51.4

Listed company average

50.0

approximately 50% on average among listed companies
in Japan, the Nichicon group has a corresponding ratio

56.0

45.0

50.0

50.0

50.0

50.0

50.0

50.0

2018/3

2019/32020/32021/32022/32023/321

Corporate Profile

Features

Developing innovative
Contributing to society
products andas a creation businesstechnologies

Cultivating diverse
human resources

Engaging in active R&D
Making aggressive
activities including
capital investment andindustry-academia
R&D investment
collaboration

Building a soundfinancial basePromoting DX forreforming
manufacturing andmaking operations
more efficient

Promoting DX for reforming manufacturing and making operations more efficient ────In June 2021, we established a Digitalization Promotion
Office, and began engaging in DX initiatives. The
initiatives are working to streamline and rationalize theoperations of each division, while creating innovationand new business. By improving our earning potential
we will make available the financial resources for R&D
investment, and secure high quality human resources

for our next stage of growth.

© 2023 NICHICON CORPORATION All Rights Reserved..

22

Corporate Profile

The future of Nichicon

Consolidated net sales“Vision 2025”
Medium-term Growth Targets¥200¥200.0bn.

¥142.2bn.

billionFY2021― Managerial targets for fiscal 2025 ―Consolidated operating income
marginFY2025

10% or more

10

％ or more

3.5%

101

100

100

100

Annual capital expenditure¥10

Annual capital expenditure¥10 billion yearlybillion yearly
FY2021© 2023 NICHICON CORPORATION All Rights Reserved..

FY2022

FY2023

FY202423

Corporate Profile

The future of Nichicon» Systems for producing and selling a broad range of aluminum electrolytic
capacitors in Japan and abroad“Vision 2025”

Focus on growth markets and strategically strengthen andexpand our business baseMedium-term Growth Targets» Independently develop and produce electric and hybrid vehicle film capacitors
made from metallized film

― Growth strategies that leverage

Take the growth in demand as an opportunity for growth andinvest management resources actively

the Nichicon’s strengths ―» Broad lineup of energy and environment-related products in the NECST
business and power supply technologies covering everything from switching
power supplies to applied systems

Respond to the megatrend of decarbonization by expanding
value-creating business through alliance strategies andsolutions and further improvements to our product lineup» Framework for development of innovative, unique, leading products andtechnologies such as small Li-ion rechargeable batteries, household energy
storage systems, and V2H systems

Further accelerate development of products that help solve
social issues© 2023 NICHICON CORPORATION All Rights Reserved..

24

Corporate Profile

Sustainability Policy
Following the Nichicon Group Mission Statement, we will dedicate ourselves to contributing to the creation of a brighter
future society through the creation of products that help to achieve a better global environment. Our aim is to realize asustainable society and increase corporate recognition while fulfilling our corporate social and ethical responsibilities.

#

01

#

02

#

03

By combining a wide range of

We value dialogue and cooperation

Our goal is to increase customer

technologies starting from material

with all stakeholders, creating sharedsatisfaction by respecting human rights,

development to system design, Nichiconvalue, and developing fair and highly

ensuring diversity, developing humanis helping solve social issues such astransparent management.

resources, and top notch management,

climate change. By promoting digital

and aiming for corporate development

transformation and innovation, we are

and the happiness of all employees.

helping to create a brighter future.
© 2023 NICHICON CORPORATION All Rights Reserved..

25

AppendicesCorporate Profile

History
Company
October 1987
Changedcorporate nameto Nichicon
Corporation.

August 1950
Established Kansai-Nii Works Co., Ltd.

March 2010
Inaugurated the Nichicon Energy Control
System Technology (NECST) project.
August 2020
Marked the 70th anniversaryof the company's foundation.

April 1961
Changed corporate name to Nichicon Capacitor Ltd.

August 1966

Listing

April 2022

Listed in the first division of the stock exchange markets at Tokyo,
Osaka and Nagoya

Moved to the Tokyo
Stock Exchange
Prime Market

September 1962
Listed in the second division of stock exchange markets at Nagoya.

October 1961
Listed in the second division of stock exchange markets at Tokyo, Osaka and Kyoto.

Expansion
overseas

August1969

September
1970

May
1972

December
1973

September
1978

March
1990

February
2001

June
2001

December
2001

August
2014

July
2018

TaiwanChicagoHong Kong

Korea

Singapore

Malaysia

Thailand

China

Austria

India

Vietnam© 2023 NICHICON CORPORATION All Rights Reserved..

27

Corporate ProfileAwards, commendations and external evaluations
April 2006
2006 Minister of Education, Culture,
Sports, Science and Technology Award
science and technology

June 2007
Minister of Economy Trade andIndustry Award

December 2010
Letter of appreciation from the
Minister of Education and the Ministerof Development of Space Technology

Research on induced acceleration in highenergy circular accelerators

Voltage sag compensator using electric double
layer capacitors as the storage modules(Japan Electrical Construction Equipment andMaterials Fair 2007)

Nichicon's contribution of the EM series plastic
film capacitors which were installed in theasteroid probe Hayabusa

June 2011
Award of Environment Minister

July 2012
Renewable Energy Promotion Prize

October 2012
Semi-Grand-Prix Award at the“CEATEC AWARD 2012”

Low-Voltage EV Quick Charging Station utilizing
solar power with storage functions(Japan Electrical Construction Equipment andMaterial Fair 2011)

Energy-generating / Energy-storing type energy
management system(JECA Fair 2012)

EVPower Station and Home Power Station

January 2013
METI Minister's Award Energy
Conservation Prize

April 2013
MEXT Prize in the 42nd Japan
Industrial Grand Prix

October 2013
Semi-Grand-Prix Award at the“CEATEC AWARD 2013”

Nissan Motor Co., Ltd., wins award for “LEAF toHome” power supply system using a Nichicon
EV power station

Jointly awarded with SACLA, RIKEN’s X-ray
free electron laser (XFEL) facility

Smart Agriculture Network System : Emergenceof Senary Industries in Opposition to TPP(Trans-Pacific Partnership)© 2023 NICHICON CORPORATION All Rights Reserved..

28

Corporate ProfileAwards, commendations and external evaluations
July 2014
Encouragement Prize

October 2017
Semi-grand-prix at “CEATEC
AWARD 2017”

October 2020
Good Design Award

Lithium-ion battery type voltage sagcompensator for power outages(JECA FAIR 2014)

Tribrid Energy Storage System™

New type of EV quick charger co-developedwith Tokyo Electric Power Company Holdings
and e-Mobility Power Company

October 2020
Ranked 3rd out of 1000 companies bymarket capitalization in Japan as oneof the “Most promising companies in
the future by AI”

November 2020
Awarded “Actions for Climate Change
2020” by Minister of the Environment

October 2021
Ranked 3rd in the “Japio-SDGs PatentIndex”, which lays emphasis on theevaluation of SDGs

November 2020 issue of Forbes JAPANFor social contributions related to disastermanagement and reductions in greenhouse gas
emissions achieved through innovativetechnological development

Ranked 3rd in the electronic components,
devices, and electronic circuits manufacturingcategory© 2023 NICHICON CORPORATION All Rights Reserved..

29

Capacitor Business
Capacitor

Corporate Profile

Automotive
applications

Characteristics

Industrial
equipment

Information &communications

Air conditioners

Noteworthy
products

Growing demand for film capacitors for vehicle use due to the ongoing shift to electric vehicles
Film capacitors are important for motor-driven inverters used in xEVs (EVs, HVs, PHVs). Nichicon’s advanced design andanalytical/simulation capabilities are powering rapid growth in global sales of these components. Going forward, we anticipate the shift toEVs around the world will drive further growth in the eco-friendly vehicle market.
In addition to our main factory, Nichicon Kusatsu, we began production in Nagano, Japan in April 2021, and in Suqian, China, in April 2020. During fiscal
2022 we will improve our production systems to allow global production of 400,000 units monthly (300,000 in Japan, and 100,000 in China), allowing us todeal with the constantly increasing demand for xEV(EV/HV/PH) film capacitors in Japan, China, North America, and Europe.
Market predictions for next-generation
vehicles (xEV)(10,000 units)

Trends in xEV film capacitor production
Qty made (thousand units)

1,874

2,000

■Japan ■Suqian

2,000

1,621
1,382

1,500

1,500

1,142

1,000

455
1,000

796

500
0

500

FY2021

FY2022

FY2023© 2023 NICHICON CORPORATION All Rights Reserved..

FY2024FY2025

0

365
286

428

337

98

128

195

321

308

352

463

586

FY2022

FY2023

FY2024FY2025

FY2026

505

803

911

FY2027

FY2028

1,150

1,244

FY2029FY203031

Corporate Profile

Automotive
applications

Characteristics

Industrial
equipment

Air conditioners

Information &communications

Noteworthy
products

Growing demand for aluminum electrolytic capacitors for vehicle use due to the progress of electrification
The growing popularity of environmentally friendly vehicles such as BEV/HEV/PHEV brings with it new electronic control units (ECU),
sensors, display panels, and operating devices. These electronic control units are mainly used in the engine compartment, anddevelopment to integrate the functions of multiple ECUs into a single ECU is accelerating. The increasing number and improving
performance of electronic control units is driving the growth in demand for capacitors, which are passive components.
Vehicles are continuing to evolve in answer to societal requirements
such as demands from users and the need to be environmentallyfriendly, and in some cases due to political requirements. Tier-X

GYD series conductive polymer
hybrid aluminum electrolytic
capacitors

makers have developed a range of ECUs to meet these needs, and thepresence and development of passive “capacitors” is essential to this.

Nichicon is continuing development of aluminum and hybrid aluminumelectrolytic capacitors to meet market needs, which we supply to many
Tier-X manufacturers.
Sample Applications
Powertrain

Automotive lightings

Safety electronics

Body and chassis Electric power steering Power control unit Transmission / Gearbox Control DC/DC converter LED head lamp
 Lear lamp (filament bulb, LED)
 Turn signals
 Leveling/infrared /sensor/ wipers

 ADAS (advanced driver assistance system) Airbag ABS (anti-lock brake system) ESP (electronic stability program) Pedestrian protection unit

 Car audio
 Instrument cluster
 ACC (Automatic Cruising Control) Body computer, power window© 2023 NICHICON CORPORATION All Rights Reserved..

32

Corporate Profile

Automotive
applications

Characteristics

Industrial
equipment

Air conditioners

Information &communications

Noteworthy
products

Nichicon screw terminal/snap-in terminal type aluminum electrolytic
capacitors are used in industrial equipment and environmentally-friendly
energy devices requiring high capacitance and output

Inverter power source

Power source backup（UPS）

Natural energy (Solar/wind
power generation and power
conditioning systems)

EV quick chargers© 2023 NICHICON CORPORATION All Rights Reserved..

Industrial robot

Elevators

33

Corporate Profile

Automotive
applications

Characteristics

Industrial
equipment

Information &communications

Air conditioners

Noteworthy
products

Acquiring a large share of the air conditioner market
The shift to multi-unit air conditioners in Japan and the worldwide move to

inverter-based air conditioning has brought steady growth in shipments ofinverter air conditioners since they first arrived on the market in 1985, andthe demand for the capacitors used in the outdoor units for air
conditioners has also grown in Japan. Nichicon offers a range of products
customized for specific uses. Products with a compact body and reduced
numbers of components are associated with reduced set size, and lowloss products for energy conservation and high ripple in air conditioners.
Worldwide air conditioner shipments

Air conditioner shipments in Japan(Source: Air Conditioning Industry Association)(Source: Air Conditioning Industry Association）(million units)(million units)

12,000

1,200

10,000

1,000

8,000

800

6,000

600

4,000

400

2,000

200

Shipments of capacitors for outdoor
units for air conditioners(thousand units)(Source: In-house)

5,000

4,000

3,000

2,000

0

'98

'00

'02

'04

'06

'08

'10

'12

'14

'16

© 2023 NICHICON CORPORATION All Rights Reserved..

'18 '20(year)

0

1,000

'85

'90

'95

'00

'05

'10

'15

'20
(year)

0

1998

2003

2008

2013

2018
(year)

34

Corporate Profile

Characteristics

Automotive
applications

Industrial
equipment

Information &communications

Air conditioners

Noteworthy
products

Developing and providing capacitors optimized for servers, base stations, and data centers
Although the markets for computers and communication devices such as smartphones
is expected to remain strong after 2020, no significant market expansion is anticipated.
However, a high level of growth is forecast for vehicles, aerospace, medical care,industrial applications and consumer products is anticipated going forward.
Long term, the focus on internet applications will give way to IoT devices. These trends
will be driven by the spread of AI technology and 5G/6G (next-generation mobile
communications systems), and supported by improved, larger scale data servers andthe shift to smart grids, along with an expansion in thenumber of these devices. With the adoption of IoT in every
industry where many IoT devices are connected to theinternet, servers, data centers, and base stations are
essential, and capacitors are essential to these devices.

Trends and Forecasts in the Number of IoT Devices
Worldwide (Source: Omdia)(hundred million units)
400.0
Automotive/Aerospace
MedicalIndustrial applications
300.0
Computers
Consumer products
Communications
200.0

173.1

190.0

Predicted values

340.8
309.2
277.8
253.0
230.7
208.8

100.0

Conductive polymer aluminium
solid electrolytic capacitors

0.0

2016

2017

2018

2019

2020

2021

2022

2023
(year)

Source: MIC 2021 White Paper on Information and Communications

Target markets
Server markets (Data centers/Cloud services)
Server trends

Trends in demands for capacitors

 High-speed processing: Increased power consumption  Low ESR
 Highly functional: Increased LSI load current
 Long life (105℃/125℃)
Lower LSI voltage
Lower impedance drive circuitry© 2023 NICHICON CORPORATION All Rights Reserved..

Base station (5G) market
Base station trends

Base station trends

 Spread of small base stations
 Spread of local 5G

 Large capacity/Low ESR
 Highly reliable (Long life at high temperature)*Maximum temperature for use of 125℃, product life of
more than 10 years at 85℃*Highly heat- and moisture-resistant—85% humidity at 85℃

35

Corporate Profile

Characteristics

Automotive
applications

SLB series small Li-ion rechargeable batteries
Increased power demand due to new functions
created the need for a product such as the SLB series.
Switching from electric double layer capacitors to our
SLB allows usage for up to 10 hours!

Industrial
equipment

Information &communications

Air conditioners

Noteworthy
products

Features
Rapid charge/discharge: Compatible with rapid charge and discharge at 20C rate
Low-temperature performance: Can be charged/discharged at low temperatures (-30℃)
Safety: Low probability of rupture or ignition, even when an internal short circuit is forced
Long-life: Maintains 80% or more of capacity after 18,000 charge/discharge cycles[Conditions] Temperature: 25℃, voltage range 1.8 to 2.8 V, discharge rate: 10C,
Break: 0 secs

Galaxy series

Galaxy S pen

Galaxy Note10 ・ Note10+ / Galaxy Note20 ・ Note20 Ultra / Galaxy S22 Ultra / Galaxy S23 Ultra

Samsung Electronics Co., Ltd.

S pen

SLB03070LR35© 2023 NICHICON CORPORATION All Rights Reserved..

36

Corporate Profile

Development and production system
Strengthen the production system through vertical integration, and promote product development
Aluminum electrolytic
capacitors

Film capacitors

Circuit Products

Becomeno. 1
Nichicon (Kusatsu) Corporation
Winding
Winding• Public and industrial
power storage systems• Accelerator power supplies

in customer
satisfaction

Formation

Nichicon (Kameoka) Corporation• Quick chargers• Function modules• Power modules• Car charger

Etching

Power Supply Center
Nichicon (Wakasa) Corporation
Metal electrodedeposition© 2023 NICHICON CORPORATION All Rights Reserved..

• Home Power Station• Switching power supplies

37

NECST Business
Nichicon Energy Control System Technology

Corporate Profile

History of the NECST business
~2000
1994
Pulse electromagnetic
power supplies

2011
2009
On-board chargers

2011
Small quick
chargers

2013

2015

2012
EVPower Station

2017

2015
Ultra-small quick chargers

2017
Tribrid Energy
Storage System™

2013
Public and industrial
power storage systems

2008
Charge/discharge
power supplies for
Li-ion batteries

2012
Household energy
storage system

2004
Storage-type solar power generation system

2007
Momentary voltage sag compensator

2012Power outage compensator

2014
Separate-type public andindustrial power storage
systems

2016
Hybrid energy
storage systems

2015
SiC power conversion module(Super Cluster program)2017
Power Mover

2017
Portable energy
storage system
2017
SiC power
conversion
module (NEDO)© 2023 NICHICON CORPORATION All Rights Reserved..

39

Corporate Profile

Characteristics

Energy storage-related

Applied Products(Accelerator Power Supplies)

Applied Products(Accelerator Power Supplies for
Medical Facilities)

Flagship Products

Lineup covering everything from home to industrial/public facility use
Nichicon energy storage systems store electricity generated using renewable energy sources that can then be used at night or during
power outages. Since 2012 we were the first in the industry to market energy storage systems for home use, and we have expanded our
product lineup to include everything from portable systems to 500 kWH class units for large-scale generation projects.

Small-scale facility

Medium-scale facility

Large-scale facility-15 kWh class-130 kWh class-500 kWh class◼ Meeting halls, daycare centers◼ Private facilities / homes◼ Schools, govt. buildings, public facilities◼ Housing complexes, commercial facilities

Single-phase

3-phase◼ METI-subsidized projects◼ Output control measures◼ Remote islands,
overseas projects
3-phase© 2023 NICHICON CORPORATION All Rights Reserved..

40

Corporate Profile

Characteristics

Energy storage-related

Applied Products(Accelerator Power Supplies)

Applied Products(Accelerator Power Supplies for
Medical Facilities)

Flagship Products

Helping to achieve smart cities and societies through distributed power networks
intended to offer local production of electricity for local consumption
Environmentally friendly societies seeking local production of electricity for local consumption, in which
renewable energy, as Nichicon sees it, takes a leading role
Centralized power generation
system using renewable energy

Large capacity large
energy storage
systems

Smart agriculture

Expanded to the VPP(Virtual Power Plant)
business

CEMS

V2H

Power networks

HEMS

Information networks

V2G

Household energy
storage systems© 2023 NICHICON CORPORATION All Rights Reserved..

BEMS

Large energy
storagesystems

Quick charger

Large energy
storagesystems

41

Corporate Profile

Energy storage-related

Characteristics

Applied Products(Accelerator Power Supplies)

Applied Products(Accelerator Power Supplies for
Medical Facilities)

Flagship Products

Nichicon Kameoka project to bring together NECST products is underway
Installed “DC Link Integration System” to provide flexible distribution of DC power between multiple buildings(Also intended for use in proof-of-concept for energy management control)

Normal operations◼ Conserving energy and reducing CO2
emissions using solar power generation◼ Direct current is used as-is to chargeenergy storage systems and EVs, withpriority given to direct current electricity
from solar power

DC
AC

During power outages

AC
DC
V2H

DC
Energystorage
Evacuationsite© 2023 NICHICON CORPORATION All Rights Reserved..

Energy storage
systems◼ Priority use of electricity from storage
systems and solar power generation for
emergency load. Supply from EVs when
this is insufficient (possible for extended
periods)◼ Solar power used to charge EVs, and to
supply electricity to disaster preparedness
sites

42

Corporate Profile

Characteristics

Energy storage-related

Applied Products(Accelerator Power
Supplies)

Applied Products(Accelerator Power Supplies for
Medical Facilities)

Flagship Products

Nichicon leverages power supply technologies acquired from RIKEN Spring 8/SACLA toprovide supplies that offer stable, reliable light sources
From 2020 to 2022, we will start design and production of the latest accelerator
power supplies for high-brilliance 3-GeV synchrotron radiation sources for soft X-rays

Areas where next generationsynchrotron radiation is anticipatedto be beneficial(at next generation synchrotron facilities)
We expect to begin operations in fiscal 2023
Catalyst

Radiation facilities in JapanThe completed next generationsynchrotron radiation facility (image)

Synchrotron Radiation Center,
Ritsumeikan University
Laboratory of Advanced
Science and Technology for
Industry, University of Hyogo

Next generation synchrotron
facilities(High-brilliance 3-GeV synchrotron
radiation sources for soft X-rays)

Advancedmaterials

Drugdiscovery

RIKEN Spring 8
RIKEN SACLA

Source: National Institute of Quantum Science andTechnology website

Hiroshimasynchrotron radiation
center, Hiroshima
University

Photon Factory, High Energy
Accelerator Research Organization
The Institute for Solid State
Physics, the University of Tokyo

Quantumtechnology

Medicaltreatment

UVSOR Synchrotron Facility, Institutefor Molecular Science
Aichi Synchrotron Radiation Center
Kyushu Synchrotron Light
Research Center (Saga Prefecture)© 2023 NICHICON CORPORATION All Rights Reserved..

43

Corporate Profile

Characteristics

Energy storage-related

Applied Products(Accelerator Power Supplies)

Applied Products(Accelerator Power
Supplies for Medical
Facilities)

Flagship Products

We have delivered power supplies to 16 of 20 cancer particle therapy facilities in Japan
Japan

Installations: 16 facilities
Installed at 16 of 20 cancer particle
therapy facilities in Japan
Recent installations in Japan◼ Osaka Heavy Ion Therapy Center◼ Kyoto Prefectural University of Medicine◼ East Japan Heavy Ion Center, Faculty of
Medicine, Yamagata University

Overseas

Installations: 9 facilities
Source: Nagoya Proton Therapy Center© 2023 NICHICON CORPORATION All Rights Reserved..

Overseas installations are
increasing, mainly inNorth America

44Corporate Profile

Characteristics

Energy storage-related

Applied Products(Accelerator Power Supplies)

Applied Products(Accelerator Power Supplies for
Medical Facilities)

Flagship Products

Public and industrial
power storage systems

Household energy
storage system

V2H system
EVPower Station

Quickchargers

BCP/Disaster countermeasures

First to be JET certified

First commercial version in the worldFirst to be JET certified

Lightweight and space conserving

The completed next generation synchrotron radiation
facility (image)© 2023 NICHICON CORPORATION All Rights Reserved..

Accelerator power supplies

Accelerator power supplies for medical
facilities (Particle beam cancer therapy
facilities)45