Financial Results
for the Fiscal Year 2021
(ended March 31, 2021)

May 14, 2021
IDEC CORPORATION
Securities code：6652
Copyright 2020 IDEC CORPORATION. All rights reserved.

1

Future policies
Policies to implement in the medium-term
To enhance IDEC’s corporate value by driving transformational changes to achieve sustainable growth, andto become a “Lean & smart” high-profit organization, while resolving social issues through our businessactivities.
(Unit: million yen)The medium-term management plan ended in
FY2023 which was announced in 2017 (target net
60,000sales: 100 billion yen, operating income margin:15%) was decided to be reviewed in accordance
40,000with changes in business environment.

Net sales
売上62,75758,355

営業利益率
Operating income margin
15.0%

60,00053,983
10.0%

9.1%

8.1%

10.3%
7.5%

20,000A new medium-term management plan whichemphasizes improvement in profitability is0developing, and will be announced within this FY.

Operating income5.0%

6,200(maximum in the past)
0.0%

2019/3
FY20182020/3
FY20192021/3
FY20202022/3
FY2022
Forecast

Copyright 2021 IDEC CORPORATION. All rights reserved.

2

FY2021 Overview

Overview of consolidated financial results■ A harsh condition has continued due to an impact of the global economic downturn caused by the
spread of COVID-19. However, the market condition has recovered rapidly in all major regions.
Especially in the forth quarter, sales and order have been increased mainly in industrial switchesbusiness compared to YoY.

Net
Sales

■Net sales

JPY54 billion (- 7.5％ YoY)

– Decline in net sales in Japan and overseas except for China due to the spread of COVID-19.

■Operating income■Ordinary income
Income ■Net income*

JPY4.0 billion (-14.1％ YoY)
JPY4.1 billion (-11.0％ YoY)
JPY2.8 billion (- 6.7％ YoY)*Net income attributable to shareholders of parent company– Decline in profit due to sales decline mainly
Copyright 2021 IDEC CORPORATION. All rights reserved.

4

Consolidated performance [Consolidated income statement] -1(Unit: million yen)
※Round down to the millions

FY2020 full-year
ActualFY2021 full-year

Sales ratio

ActualSales ratio

YoY

Net sales

58,355100.0%

53,983100.0%- 7.5%

Gross operating income

25,04042.9%

22,78342.2%- 9.0%

SG&A

20,33634.8%

18,74234.7%- 7.8%

Operating income

4,704

8.1%

4,041

7.5%

-14.1%

Ordinary income

4,613

7.9%

4,104

7.6%

-11.0%Net income attributable toshareholders of parent
company

3,006

5.2%

2,803

5.2%

- 6.7%

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

95.19

－

92.83

－

-2.36

USD-yen rate (JPY)108.72106.10-2.62

EUR-yen rate (JPY)122.03121.88-0.15

Copyright 2021 IDEC CORPORATION. All rights reserved.

5

Changing factors of consolidated operating income
Although sales administrative expenses were reduced, net sales of segments with high income
margin such as industrial switches business decreased.
Therefore, operating income decreased approx. 660 million yen YoY.

-1,800(unit: million yen) *Round down to the million+1,550

Impact ofexchange*

-410

4,704

Sales
decrease*

Cost rateincrease+5

SG&A
decrease

4,041

Copyright 2020 IDEC CORPORATION. All rights reserved.

FY202020.3月期※第1四半期までは売上に関わる為替影響を「為替影響」として計上していましたが、*Impactof exchange relating to sales had been allocated to “impact of exchange”
第2四半期以降は「売上減少」の中に含んでいます。
until thefirst quarter. It has been included in “sales decrease” after the second quarter.

Copyright 2021 IDEC CORPORATION. All rights reserved.

FY2021
21.3月期6

Net sales and operating income margin (transition of half year)
FY2020

FY2021

Second half
(Oct. to Mar.)

Second half
(Oct. to Mar.)

Second half shows increase insales and income YoY(Unit: million yen)
*Round down to themillions

ActualSales ratio

ActualSales ratio

Net sales

28,552 100.0%

28,595100.0% + 0.2%

Gross operating income

12,23842.9%

12,00442.0%- 1.9%

SG&A

10,050

35.2%

9,589

33.5%

- 4.6% 20,000

40,000

YoY

15.0%
Net
Sales
売上

29,80230,000Operating income margin
営業利益率28,59528,552
25,387

10.0%

8.4%

8.4%

7.7%
Operating income

2,188

7.7%

2,415

8.4% +10.4%

Ordinary income

2,165

7.6%

2,584

9.0% +19.4%

Quarterly net income
attributable toshareholders of parent
company

1,156

4.1%

1,713

6.0% +48.1%

6.4%

5.0%

10,000Quarterly earnings per
share (before diluting)
(JPY)

0.0%

0

First
half
上期

36.92

Copyright 2021 IDEC CORPORATION. All rights reserved.

57.12

Secondhalf
下期

FY2020

First
half
上期

Second
下期half

FY2021

7

Consolidated performance [Consolidated income statement] -2
FY2020

FY2021

4Q(Jan. to Mar.)

1Q(Apr. to Jun.)

2Q(Jul. to Sep.)

3Q (Oct. to Dec.)

ActualSales ratio

ActualSales ratio

ActualSales ratio

ActualSales ratio

ActualSales ratio

YoY

14,272100.0%

12,837100.0%

12,549100.0%

13,750100.0%

14,845100.0%+ 4.0%

Gross operating income

6,108

42.8%

5,407

42.1%

5,372

42.8%

5,741

41.8%

6,263

42.2%

+ 2.5%

SG&A

5,111

35.8%

4,561

35.5%

4,592

36.6%

4,607

33.5%

4,982

33.6%

- 2.5%

Operating income

996

7.0%

845

6.6%

780

6.2%

1,133

8.2%

1,281

8.6%

+28.5%

Ordinary income

902

6.3%

806

6.3%

712

5.7%

1,130

8.2%

1,454

9.8%

+61.3%

Quarterly net income
attributable toshareholders of parent
company

369

2.6%

570

4.4%

519

4.1%

499

3.6%

1,213

8.2%

+228.8%(Unit: million yen)

4Q(Jan. to Mar.)※Round down to the million

Net sales

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

11.78

Copyright 2021 IDEC CORPORATION. All rights reserved.

18.63

17.28

16.65

40.47

8

Net sales and operating income margin (per quarter)（単位：百万円）(Unit:
million yen) *Round down to the millions

20,00015.0%

連結売上Net sales

15,00014,637

営業利益率
Operating income margin

15,165

14,28014,845

14,272
12,8379.3%

10,000

7.5%

12,5498.3%

13,750
10.0%

8.2%
7.0%

6.6%

6.2%

1Q

2Q

8.6%
5.0%

5,000

0

0.0%

1Q

2Q

3Q
FY2020

Copyright 2021 IDEC CORPORATION. All rights reserved.

4Q

3Q

4Q

FY2021

9

Sales by region(Unit: million yen)
*Round down to the millions(Sales ratio)

FY2020

FY2021

YoY

Japan

28,032(48.0%)

24,638(45.6%)-12.1%

Overseas30,322(52.0%)

29,344(54.4%)- 3.2%

Americas9,203(15.8%)

8,509(15.8%)- 7.5%

10,276(17.6%)

8,869(16.4%)-13.7%

10,841(18.6%)

11,965(16.4%)+10.4%

58,355(100.0%)53,983(100.0%)- 7.5%EMEA(Europe, Middle East,
Africa)Asia Pacific
Total

Copyright 2021 IDEC CORPORATION. All rights reserved.

Japan


-12.1% YoY

Although System-related products have beenstrong, and industries including automotive,
machine tools, and robots have been on a recovery
trend, sale decreased due to a big drop until the first
half.

Overseas- 3.2% YoYAlthough the impact of the economic downturn due
to the spread of COVID-19 has still remained in
Americas and EMEA, demand has recovered
gradually.



By the impact of recovery in demand in China, salesof industrial switches and industrial components
business has extended.

10

Sales by region (per quarter)(unit: million yen) *Round down to the millions
Japan
日本

20,000Americas
米州

EMEA

Asia
Pacific
アジアパシフィック

54.6%
52.3%

50.5%

55.3%

Ratio
of overseas sales
海外売上高比率

54.0%

55.4%

60.0%

52.8%

50.4%

15,000
40.0%

6,646

7,237

7,088

10,000

2,403

2,329

7,059

6,126

5,732

5,767

2,140

2,330

1,971

1,925

5,000

7,012

2,322

2,289

2,927

2,770

2,314

2,264

2,257

1,846

2,348

2,417

2,659

2,827

2,736

2,618

2,876

3,010

2,953

3,125

0

20.0%

0.0%

1Q

2Q

3Q
FY2020

Copyright 2021 IDEC CORPORATION. All rights reserved.

4Q

1Q

2Q

3Q

4Q

FY2021

11

Sales by products
Industrial Switches(Unit: million yen)
*Round down to the millions

FY2020

FY2021

YoY

Industrial Switches

27,329(46.8%)

25,054(46.4%)- 8.3%

Industrial Relays &Components

10,339(17.7%)

9,803(18.2%)- 5.2%

Automation &Sensing

8,958(15.4%)

8,203(15.2%)- 8.4%

Safety & Explosion
Protection

6,657(11.4%)

6,513(12.1%)- 2.2%(Sales ratio)

Systems
Others
Total

Industrial Relays & Components
Sales in Americas decreased. Meanwhile, sales of control relays
in China increased.

Automation & Sensing
Sales of sensing products in Japan decreased. In Americas, salesof programmable logic controllers and operator interfaces
decreased.

Safety & Explosion Protection

2,901(5.0%)

3,244(6.0%)+11.8%

2,169(3.7%)

1,163(2.1%)-46.3%

58,355(100.0%)53,983(100.0%)- 7.5%

Copyright 2021 IDEC CORPORATION. All rights reserved.

Sales in China has been strong, and the demand in Japan,
Americas, and EMEA has recovered after the third quarter.
However, the annual sales decreased.

Demand has recovered in all the regions after the third quarter.

Systems
Sales of industrial relays such as digital devices and semiconductor
industry increased.

OthersSales of environment and energy-related business in Japandecreased.

12

Sales by products (per quarter)(Unit: million yen) *Round down to the millions

20,00015,000Industrial Switches
スイッチ
Industrial Relays & Components
ｲﾝﾀﾞｽﾄﾘｰｺﾝﾎﾟｰﾈﾝﾂ
ｵｰﾄﾒｰｼｮﾝ／ｾﾝｼﾝｸﾞ
Automation & Sensing
安全・防爆
Safety & Explosion Protection
システム
Systems
OthersOthers

7,093

7,195

6,587

10,000

2,573

2,723

2,479

0

2,495

2,020

1,584
610
664
1Q

1,721

1,635
766
790

692
337
2Q

3Q
FY2020

Copyright 2021 IDEC CORPORATION. All rights reserved.

2,332
1,717
831
377
4Q

6,495

6,203

5,630

2,491

2,292

2,469

1,629
1,595
684
234
1Q

1,975

2,164

1,491
841
319
2Q

1,618
702
300
3Q

2,562

5,000

2,110

6,725

6,452

2,550
2,433
1,808
1,016
310
4Q

FY202113

Order received
FY2020(Unit: million yen)
*Round down to the millions

Amount of order
received

FY2021
Backlog

Amount oforder received

YoY

Backlog

YoY

Japan

29,618

3,836

29,163- 1.5%

5,789+50.9%

Americas

9,140

1,275

9,187

+ 0.5%

1,895+48.5%

9,632

3,049

8,754

- 9.1%

3,150+ 3.3%

Asia Pacific

8,598

2,160

10,759+25.1%

3,368+55.9%

Total

56,990

10,322

57,864+ 1.5%

14,203+37.6%EMEA(Europe, Middle East,
Africa)Copyright 2021 IDEC CORPORATION. All rights reserved.

14Order received (per quarter)
FY2020(Unit: million yen)
*Round down to themillions

4Q(Jan. to Mar.)
Amount oforder
received

Backlog

FY2021
1Q(Apr. to Jun.)
Amount oforder
received

Backlog

2Q(Jul. to Sep.)
Amount oforder
received

Backlog

3Q(Oct. to Dec.)
Amount oforder
received

Backlog

4Q(Jan. to Mar.)
Amount oforder
received

Backlog

Japan

7,572

3,836

6,023

3,528

6,963

4,079

7,511

4,732

8,663

5,789

Americas

2,464

1,275

2,135

1,466

2,180

1,689

2,287

1,615

2,582

1,895

(Europe, Middle
East, Africa)

2,378

3,049

2,652

3,438

1,654

3,246

2,088

3,106

2,359

3,150

Asia Pacific

2,345

2,160

2,052

1,914

2,055

1,637

2,582

1,918

4,069

3,368

Total

14,761

10,322

12,863

10,34812,854

10,653

14,47011,372

17,675

14,203EMEA

Copyright 2021 IDEC CORPORATION. All rights reserved.

15

Order received (per quarter)(Unit: million yen) *round down to the millions

20,000日Japan本Americas
アメリカ

EMEA

Asia Pacific
アジア・パシフィック

15,000

8,663

10,000

7,225

7,256

7,563

7,572

7,511
6,023

6,963
2,582

2,356
5,000

2,662

2,464

2,287

2,135

2,219

2,100

2,414

2,177

2,378

2,052

2,055

2,582

1Q

2Q

3Q

2,180

2,116

2,054

2,083

2,345

1Q

2Q

3Q

4Q

2,652

1,654

2,359

2,088
4,069

0

FY2020
Copyright 2021 IDEC CORPORATION. All rights reserved.

FY2021

4Q

16

Consolidated balance sheet
Highlights of assets

Highlights of liabilities

Highlights of net assets

 Decreased by depreciation of intangible
assets such as goodwill and increase of cash
and deposits by borrowings. Total assets
increased 1 bil. and 220 mil. yen YoY.



 Net assets increased 320 mil.
yen YoY due to the increase offoreign exchange account andretained earnings.

(Unit: million yen)
*Round down to the millions

Total liability increased 900 mil.
yen YoY due to borrowing
increased.

FY2020

FY2021YoY

Current asset

38,19339,815+1,621

Fixed assets

48,831

48,436-

Current liabilities

27,24018,959- 8,280

Non-current liabilities

16,99626,180+9,184

Net assets

42,788

43,111+ 322

Total assets

87,02588,252+1,226

Shareholders’ equity ratio

49.1%

48.7%

- 0.4%

Copyright 2021 IDEC CORPORATION. All rights reserved.

395

17

Consolidated cash flow statement
Cash Flows by operation activities

Cash Flows by investing activities

Cash Flows by financing activities

 Due to net income before tax decreased,
but inventory assets were compressed, 7bil. and 440 mil. yen increased approx. 50
mil. yen YoY.

 Due to the construction of new factories in
Suzhou, Taiwan, and IDEC FACTORY
SOLUTIONS, -3 bil. and 140 mil. yen
increased expenses of 1.1 bil. yen YoY.

 Due to income by borrowings, repaymentof borrowings, share buyback, expenses
including dividends, -3.bil.and 670 mil.
yen.

(Unit: million yen) *Round down to the millions

FY2020

FY2021

YoY

CF from operation activities

6,928

7,443

+ 515

CF from investing activities-2,037-3,147-1,109

Free cash flows (FCF)

4,890

4,295

- 594

CF from financing activities-3,605-3,672-

Cash and cash equivalents at end of period

13,99315,009+1,016

Capital expenditures

2,673

3,567

+ 893

Depreciation and amortization

3,016

2,981

-

Copyright 2021 IDEC CORPORATION. All rights reserved.

67

34
18

Forecast for FY2022

Consolidated for business forecast for FY2022(Unit: million yen)
*Round down to the millions

FY2021
ActualFY2022

Sales ratio

Forecast

Sales ratio

YoY

Net sales

53,983100.0%

60,000100.0%+11.1%

Gross operating income

22,78342.2%

25,90043.2%+13.7%

SG&A

18,742

34.7%

19,70032.8%+ 5.1%

Operating income

4,041

7.5%

6,200

10.3%

+53.4%

Ordinary income

4,104

7.6%

6,200

10.3%

+51.1%Net income attributable toshareholders of the parent
company

2,803

5.2%

4,000

6.7%

+42.7%

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

92.83

－

133.36－+ 40.53

USD-yen rate (JPY)106.10106.00- 0.10EUR-yen rate (JPY)121.88125.00+ 3.12

Copyright 2021 IDEC CORPORATION. All rights reserved.

20

(References) Exchange rate

Exchange
assumption
FY2022

Effect by 1 yen change of exchange rate
Net sales

Operating income

USD

JPY106

Approx. 50 mil. yen

Approx. 10 mil. yen

EUR

JPY125

Approx. 100 mil. yen

Approx. 15 mil. yen

Currency

Copyright 2021 IDEC CORPORATION. All rights reserved.

20

Consolidated Business Forecast for FY2022(Unit: million yen)
*Round down to the millions

FY2021
ActualFY2022
Forecast
YoY

Industrial Switches

25,05428,300+13.0%

Industrial Relays & Components

9,803

10,400+ 6.1%

Automation & Sensing

8,203

9,100

+10.9%

Safety & Explosion Protection

6,513

7,300

+12.1%

Systems

3,244

3,500

+ 7.9%

Others

1,163

1,400

+20.3%

53,98360,000+11.1%

Domestic sales

24,63827,400+11.2%

Overseas sales

29,34432,600+11.1%(Ratio of overseas sales)

54.4%

54.3%

- 0.1%

Total

Copyright 2021 IDEC CORPORATION. All rights reserved.

22

Expected dividends for FY2022■ Expected annual dividends for FY2022 is JPY50.
(Expected dividends payout ratio is 37.5%).

Year-end
dividends

25

25

25

Interimdividends

25

25

25

20.3期
FY202021.3期
FY2021

22.3期
FY2022
Forecast

Copyright 2020 IDEC CORPORATION. All rights
reserved.

23

Initiatives in FY2022

Policies to implement in FY2022
The global economy has been still in unclear situation by the impact of economic downturn due to theimpact of COVID-19. However, business environment is expected to show a gradual recovery trend.
In FY2022, we have promoted initiatives such as improving product profitability, cost reduction, andrationalization of business, and a substantial increase in sales and operating income margin of 10.3% areexpected.

The IDEC Way
Vision： Pioneer the new norm for a safer and sustainable world.
Mission：To create the optimum environment for humans and machines.
Policies to implement
To enhance IDEC’s corporate value by driving transformational changes to achieve sustainable growth, andto become a “Lean & smart” high-profit organization, while resolving social issues through our businessactivities.
Copyright 2020 IDEC CORPORATION. All rights reserved.

25

Basic strategies in FY2022
Policies to Implement
To enhance IDEC’s corporate value by driving transformational changes to achieve sustainable growth, and to
become a “Lean & smart” high-profit organization, while resolving social issues through our business activities.

Promotion of our growth strategy

Improvement in profitability

 Develop and launch products speedily that meet the needs of eachregion and industry.
 Expand business in China, and promote local production for local
consumption.
 Restructure and strengthen Japanese sales channels, andstrengthen sales that help solve customers’ technical problems.
 Build strategic partnerships including M&A and alliance.

 Promote product reorganization focused on group-wide
optimization.
 Reduce inventories and shorten delivery times byreexamining production schemes and processes.
 Promote strategic cost-reduction initiatives.
 Identify and refocus unprofitable products and businesses.

Enhancement of management baseEnhancement of initiatives for ESG

 Promote work-style reform.

 【E】 Promote initiatives for reducing environmental impact.

 Strengthen management foundation through Post Merger
Integration (PMI) process.

 【S】 Promote diversity.

 Promote corporate restructuring for higher profitability.
Copyright 2020 IDEC CORPORATION. All rights reserved.

 【G】 Improve management transparency and efficiency.

26

Promotion of our growth strategy(Restructure and strengthen Japanese sales channels ) Sales department was spun off, and has started business as IDEC SALESSUPPORT since April, 2021.
Sales offices were consolidated into two bases in Tokyo and Osaka.
 Evolve sales strategy based on products, market, and distributors’ features andpolicies.
 Increase video contents.
 Build an efficient customer follow-up system by introducing such as meeting
appointment system, chatbot, and AI text mining.
 Strengthen distributor support system by building web
seminar training system and Learning Management
System (LMS).

Copyright 2020 IDEC CORPORATION. All rights reserved.

27

Promotion of our growth strategy(Construct sales structure that helps solve customers’ technical problems) By collaborating among our sales, marketing, R&D, and manufacturing technology
department as well as group companies including SQUSE that has newly joined ourgroup, we provide a variety of solutions that help to solve customer problems.

 We set targets in respective selectedindustry sectors, and propose solutions
utilizing strength of IDEC group.
 By collaborating partner companies, we
provide packaged system solutions
corresponding to customer needs.

Copyright 2021 IDEC CORPORATION. All rights reserved.

28

Promotion of our growth strategy(Business transfer from SQUSE) On April 30, 2021, IDEC FACTORY SOLUTION was transferred business from SQUSE
that had strengths in FA business such as system development aimed for automation of
manufacturing processes in factories including food industry.
Hereafter, IDEC group succeeds the transferred business and promotes expansion.
 The business is expected to expand to food industry with big demands for automation
caused by shortage of labor. In addition, the total solution combined with products andsolutions of IDEC groups can be proposed to SQUSE’s existing customers.

FA systems targeted for food industry
Copyright 2020 IDEC CORPORATION. All rights reserved.

29

Promotion of our growth strategy(Expand business of system solutions)A new factory of IDEC FACTORY SOLUTIONS (IFS) has started operation in
April 2021, and system solutions have been about double compared before.
The automating transport of parts and finished products by autonomous mobile
robot (AMR) was introduced, which improved productivity and efficiency.
Solar power generation panels are installed, which covers 45 to 50% ofelectricity usage of the new factory by self-consumption.
A new factory of IFS started
operation in April, 2021.

The automating transport ofparts and finished products

Solar power generation panels
installed on the roof

After completed a new headquarter building, Collaborative Safety Robot
Technical Center will be transferred, and a collaborative safety robot system isscheduled to be expanded about triple.

Copyright 2020 IDEC CORPORATION. All rights reserved.

A new headquarter of IFS(to be completed in March, 2022)30

Improvement in profitability(Roadmap for reorganizing business system and bases)

Copyright 2021 IDEC CORPORATION. All rights reserved.

31

Initiatives in China
 A new factory in Kaohsiung, Taiwan has started operation since October, 2020.
A gross floor area of 2 factories in Taiwan has become 1.6 times larger by completing the new factory.
1,200 sheets of solar power generation panels are installed on the roof with concept of eco-friendly.

 The Suzhou factory was transferred to respond to business expansion in China,
and started operation in April, 2021.
 We aim local production and local consumption, and enhance supply capacity to significantly increasing
fields in China, especially safety-related products, which responds to China’s market expansion.
 A logistics base for Asia is scheduled to be transferred to Shanghai for the optimization of logistics network.

The new factory in Taiwan

Copyright 2020 IDEC CORPORATION. All rights reserved.

The new Suzhou factory transferred

Safety-related products withexpanding demand

32

Enforce management basePromote structure reform for transforming into high-profit
structure Promote a personnel system reform based on the results ofthe employee engagement survey result.
 Management efficiency by operational reforms, digitalization,and IT and office infrastructures renewal.
 Describe an ideal state in the medium-term, and promote
structural reform per function.
 Pursue synergies with whole IDEC group companies.

Copyright 2021 IDEC CORPORATION. All rights reserved.

33

Introduction of New Products

Introduction of new product [1]Released a safety commander “HT3P”
Easily attach safety devices to tablets ofwhich use on the production sites is on the rise
 We can easily attach safety devices including an
emergency-stop switch and an enabling switchthat is required by safety standards to tablets.
 As products which can attach safety devices totablets have not been common in the market,
introduction of HT3P enables to use tablets to
production sites, device control, and robot
teaching, which contributes improvement ofsafety and convenience as well as cost reduction.
Copyright 2020 IDEC CORPORATION. All rights reserved.

35

Introduction of new product [2]Newly released LED illumination unit “LF3D”
Robust, compact, slim, light and suitable for use in machine tools
 IDEC‘s unique optical technology enables the light to reducereflection from light source and eliminate the multi-shadow
effects and allowing the operator to see scratches andunevenness on the workpiece, which improves machining
efficiency.
 We improved design which enables more compact, slimmer,
and lighter as well as more user-friendly compared toconventional products.
 By combining our optical design technology and by optimum
LED arrangement, the brightness contrast difference isimproved by 85%.
Copyright 2020 IDEC CORPORATION. All rights reserved.

36

Introduction of new product [3]Newly released switching power supplies “PS3V”
With compact and efficiency metal frame Acquired overseas safety standards including
North America and Europe, and suitable for
global use and various industries.
 Downsized volume by 32% maximally (100Wtype) compared to conventional types, which
realizes compact size.
 Operates in a wide temperature range from–25 to +70 degrees. Suitable for use in a wide
temperature range from cold to hot
environment.

Copyright 2020 IDEC CORPORATION. All rights reserved.

海外の安全規格に対応
Complieswith overseas safety standards

37

Installed automated temperature-measurement system tomanufacturing and distribution bases in Japan
 For realization of a “factory that is resilient to infectious diseases”, We
have built a contactless automated temperature-measurement systemthat combines IDEC’s products, such as KW2D smart RFID reader, witha commercial thermography camera, and installed them at all of ourmanufacturing and distribution bases in Japan.

【Automated temperature-measurement system】
Smart RFID reader “KW2D” (pictured left) reads company ID card.
Operator interface “HG1G” (pictured middle) certificates an individual.
Programmable logic controller “FC6A Plus” (pictured right) transmits data to cloudserver.

Automatedthermometry system
自動検温システム

Copyright 2020 IDEC CORPORATION. All rights reserved.

38

Initiatives for ESGEnhancement of initiatives for ESG: Environment A Senior Executive Officer was assigned in charge of environment since April,
2021 in order to address affirmatively climate change, a global big social issue.
 Reduce CO2 emissions by actively using renewable energy.
 Promote development of eco-friendly products and consider eco-friendly materials.
 Expressed the approval for recommendation on Task Force on Climate-related
Financial Disclosures (TCFD), and participated in TCFD Consortium in May, 2021.

Copyright 2021 IDEC CORPORATION. All rights reserved.

40

Strength responds to environment
contribute to sustainable Development Goals (SDGs)

・Reduce CO₂emission Scope1,2・Reduce industrial waste

FY202630%
30%(ended Mar.31, 2026)(compared to FY2020)

・Ratio of eco-friendly new products

60%

FY2025(accumulated ratio of new products sales after introducing
new system in FY2020)・ All the global manufacturing bases
acquired ISO14001 certification.
・ Approved TCFD (Task Force on
Climate-related Financial Disclosures),and analyzed a scenario climaterelated risk and opportunity

FY2022

FY2024・ All the global bases aim tocomply with ISO14001 by
internal audit system, etc.

FY2023・ Disclosure based on TCFD recommendations
・ Introduce additional renewable energies scheduled(ended Mar.31, 2022)
Copyright 2021 IDEC CORPORATION. All rights reserved.

41

Enhancement of initiatives for ESG: Social
 Trainings and programs including LGBT education have been planned andheld. The ratio of female managers has been targeted to raise steadily.
 Measures for maintaining and enhancing health have been implemented byutilizing stress check, industrial doctor’s patrolling and interviewing.
 Aim to achieve “decent work” that allows employees to balance their private life
and work life by utilizing teleworking and staggered working hours.
 Obtained “Kurumin” mark certification fromJapan’s Ministry of Health, Labour andWelfare as a childcare supporting company.
And we raise the rate of childcare leave andother various leaves taken to obtain ”Eruboshi”
mark certification in the future.
Copyright 2021 IDEC CORPORATION. All rights reserved.

*Kurumin: Companies where support child-rearing*Eruboshi :Companies where women are active42

Enhancement of initiatives for ESG: Governance With the aim of enhancing effectiveness of
the
Board
of
Directors(BoD),
questionnaires have been distributed to
Directors since FY2016. Issues have been
discussed in order to continually work on
making improvement.
 A voluntary
nominating
committee
established in FY2021 has been utilized inorder to decide next-generation executive
candidates and promote succession plan.
 A risk map has been prepared by estimating priorities and undertaking measures to reduce thetarget risk. Operation of risk management which monitors the initiatives has been expanded tothe entire IDEC group.
 A global hot line will be gradually introduced from prioritized regions so that those in groupcompanies can directly make contact for internal whistle-blowing at the headquarters.

Copyright 2021 IDEC CORPORATION. All rights reserved.

43

References

Industry Trend (Transition of shipment data of NECA*)*Nippon Electric Control Equipment Industries Association

Transition of the industrial shipment and YoY status (between April, 2018 and March, 2021)(Unit: million yen)
NECA
Shipment value (total)
NECA出荷額（総額）70,000YoY (total)
対前年比（総額）

200%

62,49160,14960,00058,49061,88960,17555,25957,34356,36257,545

55,11350,39749,911

150%

50,000108%

40,000
96%

94%

94%

92%

95%

96%

96%

88%

91%

98%

100%

87%

30,00020,00050%

10,000

0%

0
18/4

18/7

18/10

Copyright 2021 IDEC CORPORATION. All rights reserved.

19/1

19/4

19/7

19/10

20/1

20/4

20/7

20/10

21/1

45

Sales classification by segment
Industrial Switches・ Industrial switches
・Joysticks
・Pilot lights

Industrial Relays &Components
・ Switching power supplies
・ Terminal blocks
・ Industrial relays/sockets
・Circuit protectors
・LED illumination units

Automation &Sensing

Safety & Explosion
Protection

・ Programmable logic
・Safety-related products
controllers
・ Explosion protection
products
・Operator interface
・ Photoelectric switches
・ Automatic identification devices

Systems・ Interface complex systems
・Security systems
・Other various systems

Others・ Environmental energy-related
business
・ Collaborative robot systems
・ Next generation agricultural
solutions

APEM products

Copyright 2021 IDEC CORPORATION. All rights reserved.

46

Disclaimer
This material contains our plans and performance forecast, which we have planned andexpected in accordance with available information as of May 14, 2021.
Therefore, actual performances may vary from aforementioned plans and expectedvalues due to unforeseeable events and factors.
The original language is Japanese in financial results materials. The English version istranslated into the original Japanese version. In the case of any discrepancy between the
English translation and the Japanese original, the latter shall prevail.
IDEC CORPORATION
Strategic Planning Department
TEL ：+81-6-6398-2505
FAX ：+81-6-6398-2587
E-mail : yasuyuki.ogawa@idec.com