（Securities code:6961）

Working for a Better Tomorrow

Business Report 2023

April 1, 2022 to March 31, 2023

C or porate Philosophy

MissionManagementPolicyCore ValuesContents
01. Corporate Philosophy
02. To Our Shareholders
04. Consolidated Performance
05. Outline by Businesses
06. ESG
07. The Enplas Corporate Philosophy
09. Corporate Proﬁle/Stock Information /Memorandum for Shareholders
10. Global Network Domestic Network
Appendix. Global Network Overseas Network

MissionDeliver value for a sustainable future throughworld class technology
Management Policy
Build and lead a competitive advantage for essential
markets through strengthening organizational
capabilities
Core Values
Trust is our foundation
・Valuing the diversity of people and ideas
・Acting with high ethical standards
・Co-creating innovative solutions

To O ur S h a r e h o l d e r s
Our various corporate activities,
as a solution provider for essential
markets, are carried out to help
realize a better and sustainable future
for society.

Daisuke Yokota, President

Q

What was your businessperformance during the 62nd term
and your outlook for the 63rd term?

Total consolidated sales for this term were 42,240
million yen (up 28.4 YOY); operating income was 8,820
million yen (up 145.0% YOY); and ordinary income was8,785 million yen (up 154.5 YOY). Profit attributable toowners of parent was 4,621 million yen (up 82.8%YOY).
The business performance of each segment isoutlined on page 5.
The global economic outlook remains uncertain
amid surging resource and energy prices, concernsthat the economy may be approaching a recessionary
phase, and increasing concern surrounding thefinancial system.
Under these conditions, we have chosen “Drivegrowth through focused competitiveness” as our basic
management policy for the 63rd term. We will work toenhance our competitiveness and achieve growth byinvesting in development to create new products,

investing in existing businesses for further growth, andinvesting in the human capital that will be essential inaccomplishing these tasks.

Q

What is the purpose of revising
the Group's Corporate Philosophy?

Enplas is committed to contributing to a sustainable
society by providing solutions that enhance value forour customers. With an ever-changing world of
fast-moving markets, we believe in the absoluteimportance for each and every person working at
Enplas to have a deep understanding of the direction
the company and our fundamental beliefs in order toact purposefully and quickly to achieve sustainablesuccess for stakeholders.
To ensure this, on April 1, 2023 we revised ourCorporate Philosophy to clarify the direction we should
aim for, to reaffirm our fundamental beliefs, and to
express them in a simpler statement. Please see pages
7–8 for further details on the revision.

02To Our Shareholders
QWhat are your thoughts on
the medium to long term?

QWhat else would you like to sharewith shareholders?

We are always pursuing something new and thesuccess of our business depends on this. We’replanting seeds for future business through sustained
research and development carried out within thetrusting relationships we have built with customers andother institutions.

Since our founding, Enplas Corporation has worked withcustomers around the world to contribute to develop aprosperous society by advancing the development ofmate rials, proce s s e ngine e ring, and evaluation
technology, and by creating and mass-producingproducts previously thought impossible.

As for our business portfolio, we will focus on moreessential business fields. We define as essential
business fields that enhance quality of life (QOL) for
people and the planet, specifically those that reduce
environmental impact and support healthy, safe,secure, and comfortable lifestyles.

Our business, which began with replacement ofmetal gears, has since expanded into a wide range offields spanning semiconductors, life sciences, mobility,and high-speed fiber-optic communications, in which
we leverage the technological foundation we havedeveloped throughout our history to deliver solutions
that add value to our customers.

We consider our Semiconductor and Life Science
segments as essential businesses that are also
enjoying market growth. We will direct profits from ourDigital Communication and Energy Saving Solution
segments toward essential business fields and also
shif t these segments toward focusing on moreessential areas.

Q

What is your shareholder return policy?

We are committed to maintaining robust financial
h e a l t h t h r o u g h s o u n d a n d e f f e c t i ve b u s i n e s smanagement. Our basic policy on shareholder returns
is to give back the fruits of our achievements toshareholders in tangible form.
Taking into account the basic policy above and ourbusiness performance this fiscal year, we have decided
to issue an interim dividend of 30.00 yen per share,
and a year-end dividend of 30.00 yen per share, for anannual total of 60.00 yen per share.

03

Currently, a number of challenges are arising as westrive to ensure a sustainable future, including
environmental issues, population aging, and anincreasingly sophisticated information-based society.
In our essential business fields that enhance QOL for
people and the planet, we will continue to develop andapply solution-based technologies that help solveth e s e s o c i e t a l c h a ll e n g e s a n d c o n t r i b u te to asustainable society.
Even in today's world, where non-linear change isthe norm, we will continue striving to solve the futurechallenges of a broad range of industries by further
refining our technological capabilities and maintaining
a sense of speed that allows us to respond swiftly tochanges.
Moving forward, we appreciate and look forward to
the continued support and encouragement from all ourshareholders.

C onsol idated Per for ma nce
1■ Consolidated Sales(Millions of yen)

(Millions of yen)

42,24040,00031,281

31,45629,437

8,000
7,000

32,894

6,000
5,000
4,000

20,000

3,000
2,000

10,000
0

2019

2020

2021

2022

0

2023

3

(Millions of yen)

1,877

2,150

1,906

4,621

3,000
2,500

4,000

2019

2020

2021

2,528

1,500

2,000

1,000
332

489

2019

2020

Distribution ofProfits

893

2021

Amount of Capital Investment

2023

0

It is our fundamental policy to distribute the fruits of ourmanagement activities to our shareholders in a clear

The dividend pershare is 60.00 yen

4

Depreciation Expense

2,254

1,831
1,264

2,435

2,047

2,372

2,312

1,744
1,113

1,283
996
666

2019

2020

(Yen)
60

manner. We set the annual dividends per share including40

the interim dividends to 60.00 yen based on the future20

earnings forecasts with stable redistribution on our mind.

2,377
2,243

2,227500
2022

2023

Research and Development Cost

2,000

3,0002022■ Amount of Capital Investment/Depreciation Expense/
Research and Development Cost
(Millions of yen)

5,000

0

3,451

1,000

■ Consolidated Profit attributable toowners of parent

1,000

8,785

9,000

50,00030,0002■ Consolidated Ordinary Income

02021

2022

2023

■ Dividends
55.00

2019

60.00
47.50

30.00

30.00

2020

2021

2022

2023

04

Outline by Businesses
Semiconductor Business■ Consolidated Sales(Millions of yen)

25,00020,00023,432
15,911

15,000■ Consolidated
Operating Income
8,000

4,000
2,000

5,000
02022

2023

06,513(Millions of yen)

3,500

3,090

3,000

2,475

2,500

■ Consolidated
Operating Income
0-500

-638

2,000

2,601

1,500

-1,000

1,000
2023

2022

02022

2023

-1,186-1,500

2023

2022

Sales reached a record high as demand for IC
test sockets and burn-in sockets remained highacross server, automotive, and mobile applications, combined with the positive impact of theweaker yen.

Sales of genetic testing products reached arecord high due to strong orders from existingcustomers. This segment includes up-front
investment in new ﬁelds and new businessdevelopment.

Digital Communication Business

Energy Saving Solution Business■ Consolidated Sales

5,000
4,000

3,538

3,780

3,000

1,500

1,578

2022

2023

0

12,00010,00010,968

11,937

8,000

1,065

6,000
4,000500

1,000■ Consolidated Sales(Millions of yen)

2,000

1,000

2,0000■ Consolidated
Operating Income(Millions of yen)

(Millions of yen)

2,000

2022

2023

Sales of optical devices for optical communications remained strong as the impact of customers'
production adjustments due to the global semiconductor shortage eased. Sales of diﬀusion
lenses for LEDs remained slow due to the continued decline in demand in the LCD TV market.
05■ Consolidated Sales(Millions of yen)

(Millions of yen)

6,000

10,000Life Science Business

02022

2023

■ Consolidated
Operating Income(Millions of yen)

1,400
1,200
1,000
800
600
400
200
0

1,358
1,1202022

2023

Sales of automotive and printer components
were robust due to a gradual recovery inautomobile production and a recovery indemand for printers.

ESG
Environment
Environmental Policy

2. Through the rationalization and improvement of the business, we will reduce of the environmental
burden and promote energy conservation (reduction of power usage/ CO2 emissions).
3. We will promote the reduction and recycling of waste plastic.
4. In cooperation with suppliers we will strive to reduce the environmental impact of our supply chain.
5. We will comply with all environmental regulations and environmental agreements.
6. We will strive to prevent the emission of pollution from our corporate activities.
7. As members of society, we will contribute to the protection of the environment.

Units and physical boundaries
Classificationof the organization
Enplas Corporation

1. We set environmental targets, built a company-wide environmental management system in order toachieve them, and continually work for improvement.

<<Registration Status>>

Global Head Office

Domestic Group Companies

Enplas is actively engaged in environmental protection related activities
across all aspects of the manufacturing process.

Enplas Laboratories,
Inc.

Head Office
Kanuma Plant

Descriptionof Business

SelfDevelopment
Declaration andmanufacture
Selfof precision
Declaration
plastic
Examination components.
Registrations
SelfDeclaration

SelfEnplas Semiconductor
Peripheral Corporation Declaration
QMS Co., Ltd.

SelfDeclaration

SocialEnplas Quality Policy
Gaining customer trust and appreciation by supplying superior quality products and services globally.
1. We commit to meet the global market needs and contribute social growth with the quality assured by
the advanced technology based on the engineering plastics.
2. We commit to gain customer trust with complying with laws, regulations, and customer requirements.
3. We commit to maintain the quality foundation that can respond to any changes by improving our quality
management system continuously.
Revised June 10, 2020

GovernanceCorporate Governance Policy
The corporate philosophy, embodying management policy, corporate culture, and corporate ethics, clariﬁes
the corporate mission of contributing to society and forms the basis of corporate governance. In accordancewith the corporate philosophy and to create sustainable increases in corporate value, Enplas is enacting thecorporate governance policy and will endeavor to ensure ongoing enhancement of corporate governance.
06

The Enplas Corporate Philosophy

We sustainably enhance our corporate value
by delivering products that will be appreciatedby our customers for the next 100 years.
Daisuke Yokota, President
What is Enplas’s Mission?
It is our mission to satisfy and delight our customers through innovative manufacturing
and new products. By integrating more complex technologies, we will create high-value
products and deliver value for a sustainable future.

What is Enplas’s Management Policy?
Innovation is a key part of our culture, and this is evident in the fact that products whichhave been on the market for three years account for more than 50% of our sales. In orderfor Enplas to continue operating and thriving in the future, we must continue to oﬀer
products and services that are needed in the current era, across each of our businessﬁelds. To achieve this, we will strengthen our organizational capabilities and pursue
innovation by investing in growth areas and research and development.

What is Enplas’s Core Values?
Our Core Values represent the mindset and values that should be upheld by all Enplas
employees. All of our corporate activities are built on a foundation of trust. We will
therefore place the trust of our various stakeholders at the forefront of our eﬀorts as we
strive to co-create innovative solutions.

07Overview
Overviewof
ofEstablishment
Establishment
In working to revise the above Corporate Philosophy, we established a cross-divisional
project team, which spent one year studying the matter. Enplas’s business, which beganwith replacement of metal gears, has since expanded into a wide range of ﬁelds spanningsemiconductors, life sciences, mobility, and high-speed ﬁber-optic communications. We
used the occasion of our 60th anniversary to reﬂect afresh on our aspirations, looking
back over our history and considering what we should and should not change in the future,
before reaﬃrming the common values we should uphold across the Group.
Of the three components of our Corporate Philosophy, the fundamental and mostimportant principle is the pursuit of trust. The trust of our customers, shareholders, andsociety is essential in order for Enplas to continue to operate and thrive. It is the actionsof each and every one of us that forms the basis of our actions as a company, and I believethat the collective eﬀorts of all our associates to value the diversity of people and ideas
when interacting with those around us, to act with high ethical standards, and to continue
to create and challenge ourselves will serve to instill trust in us as a company.

08Corporate Profile/Stock Information /Memorandum for Shareholders(As of March 31, 2023)(As of March 31, 2023)

Corporate Profile

Stock Information

Corporation Name
Address

Total Number of Authorized Shares
Shares of Common Stock Issued
Number of Shareholders: Enplas Corporation: 2-30-1, Namiki, Kawaguchi City,Saitama 332-0034, Japan
Established: February 21, 1962
Capital: 8,080,450,000 yen
Number of employees :1,527 (consolidated): 62,400,000: 9,732,897:3,344■ Distribution of Shares by Shareholders
Individuals, others
3,883,693(As of June 23, 2023)

Directors and Executive Officers
President: Daisuke Yokota

Member of the Board Managing
Executive Oﬃcer: Shoji Miyasaka

Member of the Board Executive Oﬃcer : Shigeya Fujita
Outside director (Audit committeemember): Toshimasa Iue

Outside director (Audit committeemember): Masao Hisada

Outside director (Audit committeemember): Minoru Amoh

Director (Audit committee member): Kazuyuki Toma

（39.9%）

Financial institutions
2,466,131（25.3%）

Other corporations

Total
9,732,897

333,022（3.4%）

Foreign corporations, etc.

shares1,863,387(100%)（19.2%）

Securities ﬁrms
276,232（2.8%）

Treasury stock
910,432（9.4%）

Memorandum for Shareholders
Fiscal year

: April 1 to March 31 of the year following

Annual general meeting ofshareholders: June of each year

Shareholder registryadministrator: Mizuho Trust & Banking Co., Ltd.
1-3-3 Marunouchi, Chiyoda-ku, Tokyo

Mailing address/contact
information: Stock Transfer Agency Department, Mizuho Trust & Banking Co., Ltd.,
8-4 Izumi 2-chome, Suginami-ku, Tokyo 168-8507, Japan Toll-free:

Record date

: March 31 for voting at annual general meeting of shareholders

Method of public notice: Electronic notiﬁcation (https://www.enplas.co.jp/)0120-288-324

If public notiﬁcation by this method is not possible, the public notiﬁcation will appear in theNikkei newspaper.
The balance sheet and the proﬁt and loss statement are disclosed to the public in place of themandatory ﬁnancial statements via EDINET (https://disclosure.edinet-fsa.go.jp/).
Stock Listing09: Tokyo Stock Exchange, Inc.,

Globa l Net work
■ Domestic Network
Global Head Oﬃce
9F, Shin-Marunouchi Center Building, 1-6-2 Marunouchi, Chiyoda-ku, Tokyo
Headquarters
2-30-1 Namiki, Kawaguchi City, Saitama

Tokyo・Global Head Oﬃce
Kyoto Co-Creation Center
Kanuma Plant

Saitama

Nagoya Oﬃce
Yokkaichi Oﬃce

・Headquarters
・Enplas Laboratories, Inc.
・QMS Co., Ltd.
・Enplas Semiconductor Peripheral Corporation

Kyushu Oﬃce

Headquarters

Kanuma Plant

Enplas Semiconductor
Peripheral Corporation

QMS Co., Ltd.

Enplas Laboratories, Inc.

10Global Network■ Overseas Network
Global network based on customer trust and superior technology
The“Enplas”group is in business 24 hours a day through our global network with locations in Asia, North
America and Europe. Through our global network, we build partnerships based on trust with top
manufacturers in various industrial arenas from planning and development stages.

Enplas（Europe）Ltd. /UK
Enplas（Deutschland）GmbH. /Germany
Enplas（Italia）S.r.I. /Italy

Enplas Niching Suzhou
Co., Ltd /China

Enplas（Vietnam）Co., Ltd. /Vietnam

Enplas（Israel）Ltd. /Israel

Ｅｎｐｌａｓ America,Ｉｎｃ．/U.S.A.
Ｅｎｐｌ
ａｓＴｅｃｈＳｏｌｕｔｉｏｎｓ,Ｉｎｃ．/U.S.A.
Enplas Microtech, Inc. /U.S.A.
Enplas Life Tech, Inc. /U.S.A.

Enplas Corporation /Japan
Enplas Electronics（Shanghai）Co., Ltd. /China
Enplas Niching Technology Corporation /Taiwan

Enplas（U.S.A.）, Inc. /U.S.A.

Enplas Semiconductor Peripherals Philippines, Inc. /Philippines
Enplas Precision（Thailand）Co., Ltd. /Thailand

Guangzhou Enplas Mechatronics Co., Ltd. /China
Enplas Hi-Tech（Singapore）Pte. Ltd. /Singapore
Enplas Semiconductor Peripherals Pte. Ltd. /Singapore

Enplas Precision（Malaysia）Sdn. Bhd. /Malaysia
PT. Enplas Indonesia /Indonesia

Address: 2-30-1 Namiki, Kawaguchi City, Saitama 332-0034, Japan
Tel: 81-48-253-3131 Fax: 81-48-255-1688
https://www.enplas.co.jp/english/

The corporate webpage
provides a wide range ofthe latest information,
including a corporate
overview, business andﬁnancial information, andpress releases. Please takea look at the corporatewebpage.
➡https://www.enplas.co.jp/english/ir/■Investor Relations Page.