2030VISION
Mid-term Management
Plan 2025
Sumitomo Wiring Systems, Ltd

Agenda01

Our Mission

P03

02

Looking back so far

P10

03

Our creating future

P14

04

Initiatives for "People"

P23

2

Our Mission

3

Our Mission

Message from the President

We believe that the future of society will be more turbulent than ever bef ore, an era that no one canpredict. In particular, the mobility market, which we should be facing, is undergoing a "once-in-acentury re volution", and we realize that the fundamentals of conventional thinking and manufacturing
may even be changed.
In the midst of such a situation, we have established a new Management P hi losoph y, which is thebasis of our Mid -term Management Plan, to reaff irm our company's strengths and potential and to
make it the f oundation f or f urther challenges, while maintaining the philosophy and technologicalpillars that we have cultivated up until now.
Representative Director
President and Chief Executive Officer

Kenichi Urushibata

FY2023Now

FY2025Mid-term
Management Plan

FY20302030VISION

"30V"

"25M"
4

Our Mission

Overall Corporate Philosophy based on 30V and 25M"Continue to be the indispensable partner of themobility society" by further developing and expanding
the wiring harness technology.

Pursuing manufacturing and human resource
development and taking on the challenge of "creating
possibilities beyond expectations"

Position
Our strengths

Individuals

SpiritualpillarCorporate action
principles

From supplier to "partner"
Collaborative creativity through theIntegrated capabilities of Sumitomo Groupas the "Three-in-One Collaboration business"
The 250,000 "diverse global experiences"
The Sumitomo Spirit
Multistakeholder Capitalism
Sumitomo Wiring Systems Group Basic
Principles
Sumitomo Wiring Systems Group Charterof Corporate Behavior
SWS WAY
5Our Mission

Purpose“Why our company exists."
Purpose"Continue to be the indispensable partner of the mobility
society" by further developing and expanding the wiring harness technology.
PhraseFurther developing andexpanding the wiring harness
technology

The mobility society

The indispensable
partnerContinue to be

Our commitment• To further develop and expand our products, including wiring harnesses
and related products (wires, connectors, and electronic products), based on thetechnologies we have built up over the years, to reach beyond theneeds of society and customers.
・OEM, vehicle users, suppliers, and all other stakeholders,
together for the benefit of the society.
・To support the development of mobility as a partner, thereby contributing
to creating a comfortable and safe society.
An existence needed by both society and customers.
・We are determined to further strengthen our partnership in the
future, as it has always been the case.

6

Our Mission

2030Vision"Vision" at the transition point (2030) to achieve "Purpose"
VisionPursuing manufacturing and human resource development and taking on thechallenge of "creating possibilities beyond expectations"Pursuing manufacturing and humanThree expectations
To diversify CASE and mobility

To respond to social issues

Transformation of
Mobility

Requests from society

Once-in-a-century revolution

Green society and Sustainablegrowthresource development capabilities, basedon technologies we have built up over the years

We approach expectations, face
expectations, propose solutions beyond
expectations, and turn possibilities into
reality.

To serve as a market leading company

Expectations from
customers
To become a trustworthy partner

To becomean indispensable partner

7

Our Mission

Mission"Mission" to achieve "Vision"
Mission

Package solutions
The position
we should aim for

Our organizational
structure and strengths
to achieve thisDevelopment andutilization of humanresources to achieve
thisFrom supplier topartnerThree-in-One
Collaboration business
Collaborative creativity throughthe integrated capabilities

The 250,000 diverse

global experiencesfrom component optimization

to entire mobility
optimization

Creativity achieved bytranscending and fusingorganizational boundaries

Promoting Diversity

Equity & Inclusion
and a diverse workforce8

Our Mission

Core ValueAll SWS Group companies are our "Core Values"
The Sumitomo Spirit

Multistakeholder capitalism

Banji-nissei Shinyo-kakujitsu Fusu-furi(The spirit of "focusing on the public benefit and mutual prosperity with all stakeholders")"Attaching Importance to Technology", "Respect for Human Resources","Long-Range Planning", and "Mutual Prosperity, Respect for the Public
Good"

Together with stakeholders

Sumitomo Wiring Systems Group Basic Principles

At Sumitomo Electric Industries Group, we, as a "group of performers", arecommitted to realizing a "green earth and safe and comfortable lifestyles" andworking toward realizing a sustainable society.
We will share our values and achievements with our stakeholders.

In the spirit of "Connect with the Best", we are committed to:• Contributing to the global community through the success of business,• Realizing customer satisfaction through high standards of service,• Developing the prospective future through creation and innovation,• Preserving corporate ethics based on integrity and trust, and• Respecting individuality and nurturing a vigorous and prosperous corporate
culture.

⚫ Providing products that meets their needs⚫ Building strong relationships based on trust⚫ Providing high-quality and safe products

Sumitomo Wiring Systems Group
Charter of Corporate Behavior
1.
2.
3.
4.
5.
6.
7.
8.
9.

Provision of excellent products and services
Development of new, original business and products
Global business expansion, and growth and development of the Group
Consideration for the global environment
Observance of laws and regulation
Fair and appropriate business activities
Action with awareness as members of society
Harmony with international society
Establishment of pleasant working environments and cultivation of
personnel
10. Appropriate information disclosure and promotion of communication

SWS WAY
PROFESSIONALISM – TEAMWORK - CHALLENGE

Customers

Suppliers⚫ Fair and equitable trade as well as its
expansion⚫ Building a better relationship as abusiness partner⚫ Procurement with consideration for
the environment and human rights

Our
Company
Share-holders/
Investors

Employees⚫ Respect for human rights/Healthy,safe and secure work environment⚫ Inclusion of diversity & Sustainablegrowth and development⚫ Purpose & Rewarding sharing

Regional
communities/
Government⚫ Timely and appropriate disclosure of
information⚫ Medium- to long-term improvement ofcorporate value and achievement sharing⚫ Promoting constructive and open dialogues⚫ Appropriate tax payment in each country/region⚫ Contribution to local cultural/social development⚫ Proactive approach to environmental protection

9

Looking back so far

10

Looking back so far

Business transformation

Sumitomo Wiring Systems was founded in 1917, since then, it has grown into aleading global company in the wiring harness industry.
1917〜

1957〜

1978〜

1985〜

Technical and capital alliancewith Sumitomo ElectricIndustries, Ltd., since 1931

Started production of
wiring harnesses

Established the first overseas
corporation in Brazil

Changed the trade name to
Sumitomo Wiring Systems, Ltd.

1999〜

2007〜

2017〜

2023〜

Accelerated globalization
through M&A

Acquired full ownership of
Sumitomo Electric Industries,
Ltd.

100-Year Anniversary
Global Market Share No.1

2030VISION starts

11

Looking back so far

Our BusinessIn the 100 years since it was founded, various products have been created in different fields.
We will continue to develop new products that are both original and profitable.
Wire manufacturing

Wiring Harnesses for Automobiles
1960~

Electric Wires and Cables
for Automobiles
1970~

Components for
Wiring Harness
1980~

Electronic Products
2000~

Products for
HEV and EV◼ Aluminum harness◼ Wiring Harness for sliding doors◼ EPB harness integrated with wheel speed
sensor
◼
◼
◼
◼

Low-voltage electric wire
High-voltage wire
Shielded cable
Aluminum electric wire

◼
◼
◼
◼
◼

High-frequency connector
TS series sealed 0.64mm type connector
Sealed 153way connector for Engine ECU
One motion grommet
Sound absorbing part made by Sumitomo
Wiring Systems

◼
◼
◼
◼
◼

Central gateway
Body ECU
Junction block
Relay box
Power distributor

◼
◼
◼
◼
◼
◼
◼

EV/PHV charging connector
HEV battery wire module
HEV power supply BOX
Under-floor pipe harness
Terminal blocks and Power cable
Charging-Discharging controller
High-voltage connector

Comprehensive automotive parts
supplier

1960~

12

Looking back so far

Our performance by the numbers
Sales

Establishment

Locations

Harness business overall

1,642 billion Yen

109 locations

106 years

Single752 billion Yen

CapitalGlobal share

24 %FY2022
Automotive
wiringharnesses
Global share

Expansion

20,042 million Yen

33 countries and regions

Number of employees
Domestic non-consolidated

Top

7,246

Global242,512share(As of March 31, 2023)
13

Our creating future

14

Our creating future

Our view of the Mobility Society in 2030
The connection of vehicles with people and society will create an unprecedented level ofconvenience.
Realization of a system tosupport mobility andtransportation for all
generations••••

Automatic driving systems, Mobile
vehiclesElectric car
Flying car
Personal mobility

Realization of safe andsecure life to support elderly
people living alone, etc.
•••

Smart city
Developing a walkablecommunity
Being a part of social
infrastructure (Disasterprevention and Mitigation)

Realization of eco-friendly
clean factory••

Contributing to the hydrogensocietyDiffusion of renewable energy

Collaboration with humans
and unmanned production
at manufacturing sites andaround the city by utilizing
AI and robots••

Avatar robots
Automatic delivery robot

15

Our creating future

Products that support our business

A wide variety of products contribute to the mobility society.
We will further pursue the improvement of "Environment, Safety, and Convenience".

Field
Existing
products

Electrification

Highspeedcommunic
ation

Wiring harness

Connector/Terminal• Low-voltage
harness• Aluminum harness• Connector• Junction box• High-voltage harness• Battery internal
harness• Bus bar module• High-current
connector• High-voltage JB• High-speed
communication
harness• Optical harness• High-speed
communication
connector

Electronics

・ECU
・Zonal ECU
・Gateway・Relay box
・Power distributor

16

Our creating future

30V and 25M numerical targets
Pursuing manufacturing and human resource development and taking on the challenge of"creating possibilities beyond expectations"
Ensure profits from existing businesses

Expand new businesses

Manufacturing innovation and New customer development

Respond to the "CASE trend"

Operating profit ratio: Aim for 7%

Electrification & High-speed communication new products

Return on Invested Capital (ROIC): > 10%

Percentage of consolidated sales: > 15%

Consolidated sales
Aiming for 2 trillion Yen scale
2,000
Consolidated sales
Percentage of consolidated sales

15%

13%

1,642

Profit expansion
through value-added
improvement

8%(Billions Yen/period)

87%

1,000

85%
High-speed
communication
Electrification

92%

Existing products

0
Consolidated sales

Consolidated sales

Consolidated sales

FY2022 performance

FY2025 performance

FY2030 Plan

25M

30V

Mid-term Management Plan
2025
Forecasting

2030VISION
Backcasting17

From supplier to Partner

Our creating future

Growth strategies for various business areas
Create a scenario to ensure a profitable structure and profitability for FY2025 onwards,
including the creation of new CASE-related products, innovation in manufacturing, andresponse to emerging EV OEMs.
FY2023

FY2025Mid-term Management
Plan 2025"25M"

FY20302030Vision"30V"

New businesses

New customers• Emerging EV makers• Building partner relationships• Business scale expansion

High-speed
communication
connected• High-speed communication
sub-WH/connector• Zone ECU/CGW• Cloud/Infrastructure services• High speed communication harness• Electronic productsElectrification• High-voltage components forbattery pack• Reactor• High-voltage harness/connector• Charging/Infrastructure• Battery peripheral parts• Motor/Inverter connections

The added value
we create

Providingvalue tosociety

Technologicalinnovation

Comprehensive automotive
parts supplierwith a focus on wiring harnesses as
our core business

SafetyAbility to propose solutions
by integrating the technologies of eachGroup company

Existing businesses

Low voltage
wiring harnesses• Regional subharness• Local production for local
consumption• OEM mix
• Aluminum harness expansion• Low voltage components• Fundamental technologies• Manufacturing innovations

Intangible assets underpinning ourbusiness
Development - Manufacturing Human Resource
Development Capabilities

ComfortandConvenience

Environment
Asset
efficiency

Reduction of inventory holding days
Effective use of production facilities/space18

Our creating future

Develop and expand of existing businesses (Conventional wiring harnesses)

Manufacturing innovation and supply chain visualization
Low voltage
wiringharnesses

Technology

Develop and expand manufacturing capabilities(1) Productivity improvement: Increase process efficiency and automation, as well as equipment sharing(2) Flexible response to customer needs: Establish a production system capable of handling a wide
variety of products
Split wiring harness

e-STEALTH W/H®

Expansion of area sub-harness
・Local production for local consumption
・Commonization of equipment
・Supports a wide variety of productswith a small number of part numbers
・Risk management(3) Global Supply Chain Management - Visualization of supply chain
Sharing information to optimize the flow of goods, information, and money
Procurement of
raw material parts

Manufacturing

Inventory
management

Transportation●Reducing abnormal costs in response to changes[First mover management of manufacturing]●Reducing inventory[Shortening raw materials - manufacturing delivery LT]●Reducing fixed assets[Minimum investment without waste]DX
19

Our creating future

Develop and expand of new businesses(Electrification and High-speed communication for CASE)
Develop proprietary products and technologies that contribute to electrification and high-speed
communications that support next-generation mobility
Electrification

Technology

Assist in the further spread of electrification

Busbar Module(BBM)

Charging Cable / Inlet

Inverter/Motor

Battery

High-Voltage Junction Box

Inverter/Motor

20

Our creating future

Develop and expand of new businesses(Electrification and High-speed communication for CASE)
Develop proprietary products and technologies that contribute to the electrification and high-speed
communications that support next-generation mobility
High-speed
communication

Technology

Larger volume of information and faster communication speeds

Exampleof in-vehicle communication system
通信システムの車載例

CONNECTOR FOR ANTENNA

Base station

Antenna
CameraDISP
CameraTCU

Antenna (high-frequency)
Roadside NeighboringmachinevehiclesVideo/Imagetransmission(SerDes)

CONNECTOR FOR SerDes

NAVI
Autonomous
driving

Sensor

DISP: Display
NAVI: Navigation system
TCU: Telematics control unit ECU: Electronic control unit

ECU

ECU

ECU

ECU

In-vehicle local
area network(Ethernet)

CONNECTOR FOR LAN (Ethernet)
21

Three-in-One
Collaboration businessOur creating future

Three-in-One Collaboration business forthe realization of growth strategy

Collaborative creativity throughthe integrated capabilities

Acquire creativity by integrating beyond
organizational boundaries

Number of employees

Development
and Manufacture

Employees

The 250,000
diverse global experiences

Sumitomo Wiring Systems
Professional humanresources who always keep
challenging themselves

Conceptual
ability

Our core technology of wiring
harnesses

Number ofpatent applications

FeasibleabilityCorevaluesChallenging
power

Sales

Research

Sumitomo Electric Industries, Ltd.
Automotive Business Division
AutoNetwork Technology
Research Institute Ltd.

Domestic

Technologies 710 cases(FY2022)

Overseas1,630 cases(FY2022)

Ranked No. 3 in "Patent Asset Size Ranking 2022" in the domestic automotive parts industry(Source: Patent Result Co., Ltd.)

22

Initiatives for "People"

23

The 250,000 diverse

Initiatives for "People"

global experiences

Group-wide Initiatives

Three growth engines for "creating new value" and "improving productivity"

Mid- andlong-termbusiness plan

Keywords forthe future

Key issues
Growthengines

Actionprinciples

25Ｍ

Mid-term Management Plan 2025

30V

2030VISIONManagement indicators: Management Indicators ： Sales - Operating Profit - Days Inventory Held - Return on Invested Capital (ROIC)

Partner(Proposal / Challenge / Co-creation)

Three-in-One
Collaboration business(Creativity through fusion and interaction)

Diverse global experience(Diversity, Equity & Inclusion promotion)

DX Promotion

Work Style Reform

Organization & Human
Resources

Promote transformation
through data and digitaltechnologies

Increase engagement throughself-directed and collaborative
challenges

Become a group company
that attracts and fosters
people who create newvaluesSWS WAYTEAMWORK - PROFESSIONALISM - CHALLENGE
24

Initiatives for "People"

DX Promotion

Aiming to "improve profitability" centered on manufacturing by "promoting
innovation (X) through data and digital technologies (D)".
DX promotion image

DX human resources development initiatives
Proactive use of AI
Artificial Intelligence
Mechanical learning
Neural network
Deep learning

Real-time visualization

Leader・DX promotion training, overall education
・Practical support ( OJT/Case study
sharing)

Risk prediction managementand Early measures

Data validation
simulation

Dashboarding

Dashboarding

Transformation concept
and Planning

Parts inventory
Offshore & Onshore transportation status
Finished goods inventory
Equipment availability
Volume by process

Inventory reduction
Model factory and line
identification
Best practice deployment
Proper allocation of production
Equipment and production floor
efficiency improvement

Practical staff

On-site improvement
promotion
Specialized AI applications

RPA utilization in daily
operations(reduction of manual work)

All employees
Productivity improvement
Quality improvement
Lead time reduction
Shift to value-added work

Order
received

SupplyManuf
actureWarehouseTransport

Leader education

Wareh
ouse

Deliver

Generative AI applications
Business productivity
improvement

Technician education
・Generic programming language learning
・Opportunity learning・Data analysis method learning
・Specialized AI training

Literacy education
・DX literacy education (AI included)
・DX portal site launching
・DX/AI case study introduction
・DX delivery education

Global Supply Chain
25

Initiatives for "People"

Work Style Reform

We undertake work style reforms to adapt to changes in global values and social
demands, and to improve employees' engagement through their work.
Before Corona

With Corona

Post Corona

A uniform work style with theassumption of going to work
Relatively easy to manage
and supervise

Hybrid work

Difficult to manage and supervise
Difficult for OJT/teamwork

Although employees are required to go to work,
teleworking continues to be utilizedWork style reform
Strategies to achieve maximum results in a limited time・Review work and meeting procedures
・Review management system
・Electronic approval system and remote support
・Improve productivity of the organization/teamRaising each employee's awareness of autonomy and independence andcreating an open work environment are important
Autonomy

Proactive growth of employees
Individual support by supervisors

Collaboration

Challenge

Open workplace
Organizational culture thatworks hard to get things done

Organizational culture thatencourages challenges
without fear of failure

Maximizing added value -Strengthening
corporate structure

Remote work

Office work26

Initiatives for "People"

Organizational and Human Resources Strategy"People" are the source of corporate value enhancement. Toward Sustainable Development andAchievement of Business Plan,
becoming a group company that attracts and fosters human resources that create "new value".
MissionOrganizational humanresources strategy

From supplierto partner

Secure leadership talent
to initiate change andtransformation

Three-pronged
business

Deepen the Group's
integrated global
strength

Human resource development and fellowship circular cycle
Taking necessary measures according to the actual situation of each country
and each company (Constantly update)
Recognition

Global Experience・International assignment(residence/business trip)
International trainee
Overseas factory internship・Global training

・Skill Olympic Games・Skill certification system
・QC circle
・Debriefing sessions
・RPA Robot Contest

Development
・Various training programs
・OJT
・Online learning service
・Selective training programs

Monitoring

Challenge

GrowthChallenge

KPI・Sales・Operating profit, Operating profit
margin・Return on invested capital (ROIC)
・Inventories (number of days held)

Corporate development

・Internal recruiting system
・Management development
・DX human resource development

Personal growth

Safety & Security

Diverse global
experiences
Become a company where
all employees are
motivated to work and play
an active role

Engagement
Diversity Equity & Inclusion
・Philosophy, SWS WAY Training
・D&I Declaration
・Promotion of women's activities

Direction & Support by Management

Wellness
・Health declaration
・Stress check・Health promotion activities

・Global engagement survey
・Indicator KPI monitoring

Feedback

・Career interview ・Management education
・Mentor system ・Career support system (number of national certified employees increased)

27

Initiatives for "People"

Toward setting targets

Accelerate concrete efforts to realize the Purpose, Vision, and Mission bymonitoring human resource indicators and implementing the PDCA cycle
Organizational
human resources strategy

Secure leadershiptalent to initiatechange andtransformation

Key monitoring indicators
Domestic DX Talent
Leader Talent
Practical Staff

Succession rate
(Department head and above)
Global management training

Deepen the Group's
integrated global
strength

SWS WAY Driver
Global human resource
development
International trainee dispatch
Engagement Survey *Become a company
where all employees
are motivated towork and play anactive role*
Health Management Survey
Percentage of female career-track
employees *Administrative
Technical

FY2022

FY2025
PurposeStarting fromFY2023200 people
1,000 people

Vision90 ％MissionParticipants
600/3 years

From supplier to84 ％Participants: 180/year

QualifiedQualified
employees: 500

employees 800

40 people

100 people

Starting fromFY2023
Deviation score
56.0

45 %
5%

partner

FY2023
Score ratio＋5 Pt

Three-in-One
Collaboration business
Collaborative creativity throughthe integrated capabilities

The 250,000 diverse

global experiences

Deviation score

60.0

50 %
10 %

*Sumitomo Wiring Systems, Ltd.

28

Initiatives for "People"

ESH Initiatives

For the next 100 years, we will strengthen our environmental, safety, and healthinitiatives.

Environment

SafetyHealthCarbon Neutral

Toward realizing

Source of aCompliance

Zero Accidents

vibrant company

FY2030 CO2 Emissions

Level II Disaster

FY2025 White

Reducing by 30%

Aiming for 0

500 certified• CO2 Reduction Promotion Committee
established in 2022
• Energy conservation/energy
creation/energy purchase promoted• To prevent falls• To prevent accidents duringtransportation• To prevent maintenanceaccidents• To foster a culture of health (policy
penetration)• To strengthen follow-up according tohealth risks• Measures against obesity/exercise
habits/smoking
29