A N N U A L R E P O R T
Contents
Management Strategy
President's Message | 01 | ||
Officer Matrix | 03 | ||
Our Ways | 05 | ||
1st STEP of Vision 2030 | 06 | ||
GHG emission reduction plan | 08 | ||
ESG - Solar Power Generation Equipment | 07 | ||
Financial Review
Summary of Selected Financial Data | |||||
(consolidated) | 09 | ||||
Highlights | 10 | ||||
Business Composition by Segment | 11 | ||||
Consolidated Financial Statements | 13 |
Corporate Information | |||
Company History | 17 | ||
Corporate Data | 18 |
President's Message
President
Nobuyuki Takeuchi
武内 延公
Management Philosophy
The ENOMOTO Group has been contributing to Japanese manufacturing since its founding in 1962, underpinned by its Management Philosophy of "recognizing that people are at the heart of business management, ENOMOTO is committed to healthy manufacturing as its contribution to the development of an affluent society." Achievements in this regard have involved developing numerous new technologies related to press processing, establishing die technologies encompassing a wide range of processes such as blanking, bending, drawing and resin molding, and coming up with ultrafine composite machining technologies for metal and plastic geared to addressing fast-evolving market needs for miniaturization, higher performance and more functions.
Our products in particular include lead frames for opto-electronic devices typified by light- emitting diodes (LEDs) which constitute an energy-saving product that helps combat global warming, components for micro pitch connectors installed in smartphones and other IT devices and various types of semiconductor lead frames essential for facilitating the spread of self-driving vehicles and IoT. We take pride in these products, which are key technological elements poised to help bring about advances in society going forward. Also, we believe that supplying these products to major manufacturers worldwide will enable the Group to continue playing an indispensable role with respect to helping in bringing about a prosperous society in the future.
2022 Economic Condition
In the previous fiscal year, Although Japan's economy has seen a noticeable normalization of economic activity as restrictions on overseas travel and other activities have been eased, the impact of soaring commodity and energy prices and rapid exchange rate fluctuations due to overseas situations such as the situation in Russia and Ukraine was strongly felt throughout the economy.
In the electronic components industry to which the Group belongs, continues to be unstable due to inventory adjustments caused by the stagnation of the Chinese economy, and demand for parts related to consumer devices such as smartphones has fallen significantly, especially since the end of the year.
Under these circumstances, our group has developed production technology for lead frames for power semiconductors which demand is increasing worldwide, and parts for ultra- fine connectors which can take full advantage of our advanced metal and resin composite processing technology. In the plating process, we have worked to improve profitability by focusing particularly on strengthening our technological capabilities and production capacity. At the same time, with the aim of further strengthening profitability, we are actively investing in building systems for smart factories and automating and improving the efficiency of work and management.
2022 Our Financial Performance
In the fiscal year ended 31 March 2023, the Company consequently generated net sales of 29,265 million yen((Increased 7.4% YoY), operating profit of 1,561 million yen (Decreased 22.4% YoY) due to an increase in depreciation and labor costs associated with production capacity expansion, an increase in expenses due to a rise in energy prices, and a temporary change in the product mix due to adjustments in the smartphone market. Ordinary profit of 1,805 million yen (Decreased 12.1% YoY), and profit attributable to owners of parent of 1,269 million yen (Decreased 17.9% YoY) .
We will continue to work as one to improve our business performance and strengthen our management base, and we look forward to your continued support.
1 | Annual Report 2023 | Annual Report 2023 | 2 |
Officer Matrix
Inside
Directors
Nobuyuki | Homare | Nobuo | Mitsuhiro | Hideo | ||
Takeuchi | Shiratori | Sakurai | Kushima | Ogawa | ||
Representative | Representative | Director | Director | Director | ||
director | director | |||||
Senior Managing | ||||||
Roles and | Director / | |||||
Responsibilities | President / | Chief Operating | Chief Officer of | Chief | Chief Officer of | |
Chief Executive | Officer/ | Headquarters | Sustainability | Overseas | ||
Officer | Chief Officer of | Production | Officer | Business | ||
Domestic | ||||||
Business | ||||||
Gender | ●Male | ● | ● | ● | ● | ● |
○Female | ||||||
Independent Officer | ||||||
Management | ★ | ★ | ★ | ★ | ||
Strategy | ||||||
Technology | ★ | ★ | ★ | ★ | ||
and Quality | ||||||
Control | ||||||
Marketing | ★ | ★ | ★ | ★ | ||
and Sales | ||||||
Global | ★ | ★ | ★ | |||
Business | ||||||
Human | ★ | |||||
Skills | Resource | |||||
Development | ||||||
Environment | ★ | ★ | ||||
and Society | ||||||
Finance and | ★ | |||||
Accounting | ||||||
Legal and | ★ | ★ | ||||
Governance | ||||||
IT and DX | ★ | |||||
Outside
Directors
Tadashi | Sachiko | Michiyo | Hiroshi | ||
Kato | Yamaki | Ujiie | Muto | ||
Director | Director | Director | Director | ||
Roles and Responsibilities | |||||
Audit and | Audit and | Audit and | Audit and | ||
Supervisory | Supervisory | Supervisory | Supervisory | ||
Committee Member Committee Member Committee Member Committee Member | |||||
Gender | ●Male | ● | ○ | ○ | ● |
○Female | |||||
Independent Officer | ★ | ★ | ★ | ||
Management | ★ | ★ | |||
Strategy | |||||
Technology | |||||
and Quality | |||||
Control | |||||
Marketing and | ★ | ||||
Sales | |||||
Global | ★ | ||||
Business | |||||
Human | ★ | ★ | ★ | ||
Skills | Resource | ||||
Development | |||||
Environment | ★ | ★ | |||
and Society | |||||
Finance and | ★ | ★ | |||
Accounting | |||||
Legal and | ★ | ★ | |||
Governance
IT and DX
3 | Annual Report 2023 | Annual Report 2023 | 4 |
Our Ways
Motto
SHINGI | ITTAI |
Shingi ittai : | manufacturing and |
we can't make | start in small lab, |
we have cherished the spirit of craft workers and their technique.
Management Philosophy
People are at the heart of business.
Through sound manufacturing, we contribute to the
realization of prosperous society.
Vision 2030
Creating the Future with Precision Die Technology
Finer and faster with leading-edge technology,
We aim to be your best partner for living and business.
Target
We continue to speedily provide high-quality products to
the cutting-edge market with the evolution of die technology.
We create innovation by building a work environment that takes on challenges without fear of failure.
We contribute to the realization of carbon-free society by putting fuel cell parts to practical use.
1st STEP of Vision 2030
Original Goals For 1st STEP (Apr 2021~Mar 2024)
Net | Operating | |
Sales | Profit | ROE |
29 | 2.4 | 9% |
billion | billion |
Revised targets For 1st STEP (Apr 2021~Mar 2024)
Net | Operating | |
Sales | Profit | ROE |
29 | 1.7 | 6% |
billion | billion |
Net Sales ・ Operating Profit
Net Sales | Operating Profit | (Billion yen) | ||||||||||
31.0 | 2.0 | |||||||||||
29.2 | 29.0 | |||||||||||
1.5 | 2.00 | |||||||||||
29.0 | 1.3 | 27.2 | ||||||||||
1.7 | 1.50 | |||||||||||
27.0 | 1.5 | |||||||||||
25.0 | 1.00 | |||||||||||
22.9 | ||||||||||||
23.0 | 22.6 | 0.50 | ||||||||||
21.0 | 0.00 | |||||||||||
19.0 | (0.50) | |||||||||||
2020/3 | 2021/3 | 2022/3 | 2023/3 | 2024/3 | ||||||||
How We Achieve Our Goals: Investment in Growing Fields
ICT | Strengthen production | Focus on | Increase orders in |
(Wearable | capacity in Tsugaru | EV and | |
Philippine Factory | |||
devices, | Factory | Autonomous | |
etc.) | driving field | ||
How We Increase Our Marginal Profit
Automation of | Digitalization of | Strengthening |
manufacturing process | die making | factories overseas |
5 | Annual Report 2023 | Annual Report 2023 | 6 |
GHG emission reduction plan
Target for 2030
Total GHG Emissions 11,080t-CO2
GHG Emission Reduction 6,732t-CO2
Action Plan
1
Use of Renewable Energy
- Installation of solar power generation equipment at the Tsugaru Factory (scheduled for completion in January 2023), etc.
- Purchasing carbon-free electricity
GHG Emission Reduction | 4,488 t-CO2 |
Compared to FY2021 25% down | |
Amount of electricity purchase | 8,160,000 kwh |
reduction from fossil fuels |
2
Energy Saving Measures
Compressor | Air Conditioner |
Lighting | Others, Equipment |
GHG Emission Reduction | 2,244 t-CO2 |
Compared to FY2021 13% down | |
Electricity usage reduction | 4,080,000 kwh |
ESG - Solar Power Generation Equipment
Our Action
Past Action
・Installed 6 solar power generation equipment. On-GoingAction
・Under construction for installing additional solar power generation equipment in Enzan Factory and ZHONG SHAN ENOMOTO (China).
China | Generate |
a total of | |
3.3MW | |
Philippines | |
Japan | |
Tsugaru | Uenohara |
Enzan | Enzan |
7 | Annual Report 2023 | Annual Report 2023 | 8 |
Attachments
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Disclaimer
Enomoto Co. Ltd. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 06:03:22 UTC.