Company
Introduction

Tokyo Stock Exchange Prime
Market Securities Code: 6652
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1

Company Profile
Company Name
: IDEC Corporation
Representative: Toshiyuki Funaki, Chairman and CEO
Founding: 1945
Location: 2-6-64 Nishimiyahara, Yodogawa, Osaka, Japan
Capital: 10 billion yen
Number of employees : 3, 087 (FY2024)(consolidated) Listed exchange: Tokyo Stock Exchange Prime Market
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IDEC Group's Purpose & Philosophy[Purpose]

Create the optimum environment for humans and machines,
and to achieve safety, ANSHIN*, and well-being for people around the world.
* ANSHIN denotes a sense of trust and assurance without any fear or stress[The IDEC Way]

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Business Features
OthersAutomation& Sensing

Systems

2%

5%

16%

Based on the premise that people makemistakes and machines break down, wedevelop products that can "protect
human lives" even in unforeseen
circumstances.



Global development in the “Factory
Automation(FA)&
Control
Equipment” industry, focusing on HMI
products that serve as a point ofcontact
betweenhumansandmachines.



We have a lineup of more than 100,000
models of various control devices tomeet various needs.

HMI

14%
Industrial Relays& Components

(Human-MachineInterface)Sales by
Product(FY2024)

47%

16%
Safety & Explosion-proof

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History of the IDEC Group
Sales trends

72.7

billion yen

Net sales
Overseas sales

2017: Acquisition of APEM
(France)1945:
Founded in Osaka

German site
established

UK siteestablished

2000: Singapore office established
2002: Suzhou and Shanghai sites
established2005
Company name changed(From Izumi Electric to IDEC)

US site establishedTaiwan site
established

Burst of a Japanese
bubble economy

Oil shock2012: Thailand site established
2020: India site establishedDot-com bubble burst

Global financial crisis

COVID-19
pandemic（FY2024）

1950

1953

1958

1969

SB metallic
switch box

Explosion protection
illumination unit

Small control unit

SPS type stepping
programmer

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1972

Industrial relay

1989

Operator
interface

MICRO-1
programmablecontroller

1993

1998

2011

2017

InterlockswitchEnabling
deviceSmall control unit
"LB Series"

APEM products

2023

Touchlessswitch5

Global Ratio (FY2024)
Ratio of overseas net sales

63%

Ratio of overseas employees

69%

Global ratio expanded

Americas7%

Americas

20%

14.2

billion yen

EMEA

21%

15.6

billion yen

226

Japan

Sales byregions(FY2024)

37%

26.9

billion yen

Asia Pacific22%

16 billion yen

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Japan

31%

EMEA

Employee
36% composition 971
by region

1,100(FY2024)

Asia Pacific

26%
790

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Consolidated Performance (FY2024)
FY2023(Unit: million yen)

*Round down to the millions

ActualFY2024

Sales Ratio

ActualYoY

Sales Ratio

Net sales

83,869100.0%

72,711100.0%-13.3%

Gross income

37,37644.6%

31,01942.7%-17.0%

SG&A

23,31527.8%

24,74334.0%＋ 6.1%

Operating income

14,060

16.8%

6,276

8.6%

-55.4%

Ordinary Income

14,403

17.2%

6,920

9.5%

-51.9%Net income attributable toowners of parent company

10,144

12.1%

4,407

6.1%

-56.6%

Earnings per share(EPS)(before diluting) (JPY)348.37ー

150.10－-198.27

USD-yen rate (JPY)135.51144.59+ 9.08EUR-yen rate (JPY)138.15156.74+18.59CNY-yen rate (JPY)

19.75

20.13

+ 0.38

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IDEC's competitive advantages
and strengths?

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Competitive Advantages and Strengths of IDEC (1) We have a wide product lineup of control devices
and sell them to various industries and customers.
 Our lineup of models are used in the tens of
thousands. According to their specific applications,they are made to meet the high standards in eachcountry, as well as the high demands for quality andsafety.
 Focusing on developing solutions that meetcustomer needs by leveraging a wide range of
products
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Competitive Advantages and Strengths of IDEC (1)Top share in
Japan!

50%
Operation switch for control

Top share in
Japan!

70%
Emergency stop switch
FY2024 results (in-house research)

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Competitive Advantages and Strengths of IDEC (2) Since our founding, we have actively participated in
product development based on safety DNA and thecreation of international standards.
 Adopting an interlock mechanism to protect thesafety of workers in the SB-type metal box switch
developed in 1950, shortly after the company was
founded.
 Our safety philosophy has been inherited as partof our DNA. In 1993, we launched Japan's firstsafety switch, and in 1998, we launched Japan's
first enabling device.
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SB type metal box switch

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Competitive Advantages and Strengths of IDEC (2) Actively participate in the creation of international standards,
acquire international safety standards for enabling switches, andhave a global share of about 90%.
Japan and Global
Top share!

90%
3-position enabling device
FY2024 results (in-house research)

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Competitive Advantages and Strengths of IDEC (2) Received the Prime Minister's Commendation for
Industrial Standardization Project

Left: Makoto Nagamine,
Parliamentary Vice Minister of Economy,
Trade and Industry (at that time)
Right: Toshihiro Fujita,
Chief Safety, Hearth and Well-being Officer,
IDEC CORPORATION

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Competitive Advantages and Strengths of IDEC (2)

We are actively pushing forward the development of human resources with the goal ofpromoting safety and security to society.
We encourage our employees to acquire qualifications such as safety assessors based oninternational safety standards, and we also conduct various seminars and safety consulting.

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Products and services that
contribute to society

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15

IDEC Products Used in Various Settings
Office Buildings

Special Vehicle
Control Boxes

Operator
interface

Switching power
supplies

Pushbutton Rocker Joysticks
switches
switches

Public Transport

Emergency
Stop SwitchesEdgeswitch

Logistics Warehouse

LED Illumination
Units

Sensing equipment

Various Machine Devices in Factory Facilities and Manufacturing Lines

Industrial switch

Pilot light Interlock switch

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Safety commander

Petrochemical and Chemical Plants

Explosion protection
vibration sensor

AMR(Autonomous Mobile Robots)

Explosion protection
operator interface

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IDEC Products Used in Various Settings
Products and Solutions for Automation and Equipment
Control In Factory Production Lines and Distribution Warehouses
For example, it is installed as a control panel and safety device for controlling the production line ofautomobiles and electronic equipment, and it is also used as a safety device for logistics control, which
has been growing in demand in recent years, and for autonomous transport robots.

M

Miniature
Photoelectric
SwitchesSensor

Surface Mount
Indicators

Interlock Switches

Tablet Mount
Safety Device

Tablet Mount
Safety Device
Smart RFID Reader

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Rail typeterminal
block

Push-in
Switches &Pilot Lights

Emergency
Stop
Switches

Tablet Mount
Safety Device

Emergency Stop
Switches17

IDEC Products Used in Various Scenes
Products That Control the Device Itself
Our broad product lineup is incorporated into a wide variety of equipment to automate andstreamline manufacturing sites and ensure the safety, security, and wellbeing of workers.

[Semiconductor manufacturing equipment]
Pilot light

Operator
Interface

Interlock switch

LED lighting unit

Industrial relay
Terminal block
Switching power
supplyEmergency stop switch

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【Machine Tools】

Industrial switch
Emergency stop switch

SafetyCommander
Interlock switch
safety edge switch

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Focus Industries
 Among the focus industries, in addition to AGVs (automated guided vehicles),AMRs (autonomous mobile robots) and robots, which are expected to grow rapidly
in the future, we will focus on machine tools and the automobile industry.
 Strengthen competitiveness by proactively proposing solutions to each industry

AGV/AMR

Robot

Automotive

Machinetools

Elevator

Semiconductor

Special
VehicleFood Machine

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IDEC’s Business

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Our Business

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HMI (Human-Machine Interface) A wide product lineup of tens of thousands of models that can meet various uses andneeds that differ by region and customer
IDEC products

APEM products

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HMI (Human-Machine Interface)
Flush Silhouette Switches

Switches / Pilot Lights

Switches / Pilot Lights

Switchboard

Pilot Lights

Operator Interface

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Illuminated Buzzer

Cam Switch

General purpose box

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HMI (Human-Machine Interface)

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Safety & Explosion-proof -Safety-

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Safety & Explosion-proof -Explosion-proofEC2B

Mat switches

Interlock Switches

HS5L-K

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LED Illumination Units

junction Boxes

EJ5A

Vibration Sensors

ES3M

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Industrial Components

Large capacity
terminal block

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Automation / Sensing
Programmable logic controller

Sensing productCode reader

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Sensor checker

Code reader

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SystemCollaborative robot system

AMR

UL standard compliant/Control panel design and production system

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ultra fine bubble
Generator

library system

Food manufacturing system29

M&A and Partnerships

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30

Recent M&As and Business Alliances
ez-Wheel (France) joined the IDEC Group[AGV/AMR solution]
IDEC ALPS Technologies Co., Ltd. was established asa joint venture company with ALPS ALPINE CO., LTD.
[Sensing technology]

2023
2021

IDEC FACTORY SOLUTIONS CORPORATION acquired
factory automation business from Squse Co., Ltd.
[System development]

2019
2018
2017

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A strategic partnership agreement was concluded with
Weidmüller (Germany) [Push-in technology]
Tokyo Sensor Co., Ltd. joined the IDEC Group[Safety-related products ]APEM (France) joined the IDEC Group [HMI]
Welcat Inc. joined the IDEC Group [Automatic identification devices]31

Target Industries of IDEC and APEM
Expansion of Target Markets Through The Acquisition of APEM

Market centered on the FA industry
Semiconductor

AGV/AMRRobot

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MachineTools

Special vehicle
Defense/Aerospace
Material handling

Automotive32

Roadmap for Business Structure and Reorganization of Sites
Sale

Production
Tsukubaproduction site closed

Japan

Assemble
Center establishment

Greater
China

New logistics
Center establishment

Asia
Pacific
EMEA

USA

IDEC and APEM
Integration of sales sites

India sale site
establishment
APEM France
factory integration

APEM UKfactory integration

APEM
Logistics site integration

IDEC and APEM
Integration of sales sites

New factory of IDEC
Factory Solutions started
operation

Spin-off of sales departments
and consolidation of sales
offices

Operation of new factory in
Taiwan / Suzhou factory
relocated

Australia
Sales site closed

Logistics hub site
established
IDEC and APEM
sales network
restructuring

APEM Tunisia
factory integration
APEM'sReorganization oflogistics sites

IDEC and APEM
logistics site integration
Sales of IDEC products
started by APEM
distributors

APEM USAfactory integration

Logistics

Promotion of sales strategies toexpand synergies
APEM'slogistics site integration

FY2018
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FY2019FY2020

FY2021

FY2022

FY2023-2024
33

Joint Venture with Alps Alpine Co., Ltd. EstablishedIndustrial machine
Leader in HMI andsafetyIndustrial machine
Deep knowledge,high recognition

Automotive andconsumer HMI
leaderSensing technology

High quality, highvariety variable
quantity

Proposing solutions
that meet customer
needsHigh quality andstable production

Softwareintegration

Shared strengths as HMI leaders+
Proposal of optimal solutions utilizing the unique knowledge of both companies

Established a joint venture company aiming to establish a highly profitable business
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34

Acquisition of ez-Wheel
Acquires ez-Wheel in August 2023
to accelerate business development
in mobility solutions and further expand sales.
(1) Company Name

ez-Wheel SAS(2) Location

Moulin de l‘Abbaye, 135, Route de Bordeaux
16400 La Couronne, France(3) Representative

Chief Executive Officer、Antoine Juan

(4) Business

Development, manufacturing and sales ofautonomous electric wheels(5) Date of Establishment

November 2009

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Mobility solutions provided by ez-Wheel

Assist Wheel Drive
Easily and safely electrify carts fortransporting heavy loads
Heavy work, heavy
burden on workers

Harsh working conditions
make it difficult to secure astable workforce

 Easily turn it into an electric
assist by simply attaching ahandle and wheels
 Safety and ANSHIN systems
also provided

Electric assist
system＋Safety and
ANSHIN system

Improve well-being
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Mobility solutions provided by ez-Wheel

Safety Wheel Drive
Easily build safe andsecure AGVs/AMRs

Complex Systems

High cost, huge development
time, and assembly time arebarriers to the widespread
adoption of AGVs/AMRs

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 Super-simplified system Safety features essential
for working with humans
are also integrated

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Long-Term Vision andMateriality

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Long-Term Vision
 We aspire to tackle the issues faced by society and serve theever-evolving needs of our customers while achieving sustainablegrowth for our Group. To set the course for these endeavors, wehave formulated a long-term vision for 2050, and backcast it todefine our interim vision for 2030.
 The foundation of our long-term vision is the IDEC Group's
philosophy, "The IDEC Way."

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MaterialityConsidering the external environment, we added “respect for human rights” as the contents of"business foundation."

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Strengthen solution business by promoting HMI-X

 HMI-X is defined as a change in the optimal interface
accompanying changes in the relationship between people
and machines We will take the lead on HMI-X by providing society
with products and services that combine the HMI andsafety that we have cultivated over the years, contributing
to the realization of well-being for a diverse range ofstakeholders

Control in a environment where
people and machines are isolated
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Control in an environment where
human and machine collaborate
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Products leading HMI-X


Sensor

RFID readers that enable restrictions on theuse of machines, on entry into control rooms
and fences, on managing the operation
history of devices, etc.

Emergency-stopassist systems
Controller with
operator interface

Touchless switches tomeet contactless needs

ez-Wheel safety wheel drive
installed on AGVs, AMRs, etc.
Copyright IDEC Corporation. All rights reserved.

ANSHIN sensor

Compact IoT
devices for realizinga remote monitoring

Safety commanders that allow
emergency-stop switches andenabling switches to easily beattached to commercial tablets
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Investment Policy Expand growth investment,
including sustainability
investment and human resource
investment
 Accelerating digitaltransformation investments,
such as ERP and SCP
implementation
 Continuous and stableshareholder returns

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43

Initiatives of ESG

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Initiatives of ESG
Realization of the carbon neutrality
Medium-term targets by the end of FY2025

 As a target of reduction in CO2 emissions for achieving the carbon
neutrality in 2050, the target of reduction by 24% in FY2025 and by
50% in FY2031 was set, respectively.
 The Environmental policy was revised in 2024 that reflects newsocial issues such as responses to climate change.

• Renewable energy utilization ratio 18% or more
• Reduction in CO2 emissions 24% (vs. FY2020)• Reduction in industrial wastes 24% (vs. FY2020)• Cumulative ratio of enhanced eco-friendly
products to total new products 60% or more(cumulative total since FY2020)

 ICP (internal carbon pricing) was introduced in 2022. The price of2023 is set as JPY8,000/t-CO2, and we utilize for decision making ofenvironmental investment.
 As an initiative for plastic wastes reduction and effective resources
usage, the regrinding that reuses plastic materials end bycrushing and granulating, has started in two factories in Japanfollowing overseas sites.
 The environmental management will be promoted throughout design,development and manufacture of products, logistics, and package,placing eco-friendly product development emphasizing reduction
in environmental impact and environmental issues at the core.
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The example of enhanced eco-friendly products
Controller with operator interface “FT2J” type45

Initiatives of ESG
Enhancement of business foundation by creating a pleasant workplace
where diversity is respected The “Human Right Subcommittee” was established in the
Risk Management Committee under the Sustainability
Committee in 2024 for conducting business activities inconsideration of human right.
 Human right due diligence is scheduled for promotion from here.
 In order for the IDEC Group to contribute to the sustainable
development of society, the “IDEC Human Rights Statement”
was established in 2023 and the IDEC Human Rights Policy
was revised.
 Based on the results of the engagement surveys, we have been
taking steps to make improvement of three major issues thatscored lower.
 Introduction of a human resource development policy, a new
personnel system based on the engagement surveys, conduct ofmultifaceted evaluation system, and promotion of fulfilling training
programs for strengthening human resources.
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Issues identifies through engagement surveys and initiative plans
IssuesMajor action plans implemented since FY2024


HR development
Strengthening ofmanagement abilities

Improving personnel training including managerial training,career design training, etc.
Implementing a career design program
Preparing to introduce a global talent management system
Expanding the operation of multi-faceted evaluations

Improvement of the
acceptability of humanresource systems

Strengthening feedback provided on personnel evaluations
Conducting training for evaluators

Further enhancing information messaging aimed atachieving “One IDEC”
Disseminating and instilling the Medium-term Management
Plan and corporate policies, etc.

Encouragementof communicationPromoting work stylereform and improving
the welfare systemPhased reinstatement of welfare services
Introducing flexible workstyles(discretionary work and flex-time)
Promoting working from home

Improving
workplace culture

Implementing action plans to resolve workplace issues ineach department

Promoting diversity
and inclusionImplementing policies to support families raising children

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Initiatives of ESG
 We drive the implementation of work style reforms that enable flexible ways to work.
 As part of efforts to develop an environment and culture in which a diverse range of human resources can take on challenges,
we have being pursuing initiatives enabling female employees to find success.
In FY2024, the percentage of managerial positions filled by women on a consolidated basis was 23.9%.

 We have strengthened investments in humanresources that are essential to support
sustainable growth.
 we have also introduced selective training
programs for the early development of
next-generation management candidates
who will drive the future of the IDEC Group.

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Initiatives of ESG
Aiming for effective governance Features of IDEC’s governance

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Initiatives of ESG

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Evaluation by Society (Inclusion in Indices) IDEC achieved to be selected into diverse indexes by continuous initiatives.
• We have been selected as FTSE indexes for the third consecutive year since 2022.
• In 2024, we were selected as a “Group 1”, the highest estimation among five stages, ofMorningstar Japan ex-REIT Gender Diversity Tilt index.
• We were also selected as JPX-NIKKEI Mid Small Index in addition to S&P/JPX Carbon
Efficient Index.

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