Shibaura Electronics : Medium-Term Business Plan（FY2022－2024）（4MB）

SHIBAURA ELECTRONICS CO., LTD.

Medium-Term Business Plan Sense the Dynamics 2022-2024

May 24, 2022

01

Medium-Term Business Plan

Sense the Dynamics

Looking back on Fiscal Year 2021

2

1. Financial objectives achievement status of plan

• In FY2021, we achieved all financial objectives of net sales, operating income margin and ROE.

	FY2021 Plan	FY2021 Results	Differences
Net sales	28,500 mil. yen	30,600 mil. yen	+2,100 mil. yen
Operating income margin	14.4%	18.2%	+3.8 %pt
ROE	10%	13.5%	+3.5 %pt

©2022 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.

3

2. Implementation status of measures

• FY2021 Key Measures and Implementation

Basic policies		Key measures		FY2021 items implemented

• Quality /
  productivity

improvement

2 Product

development

Human resources

• development /
  Governance

enhancement

Promoting efficiency in the manufacturing process

Global procurement

Quality assurance

Product development

policy

Promote automotive

Human resources

development

Governance enhancement

• Introduce IT technology in the manufacturing process
• Continuous improvement activities
• Purchase from new overseas suppliers
• Promote local procurement of materials
• Establish global quality management system
• Develop needs for high temperature sensors
• Develop compact/thin/high withstand voltage products
• Automated equipment
• Strengthen action for HVs, EVs and other eco-friendly vehicles
• Introduce automated processing machines for production of HVs and EVs
• Promote multi-skill development of employees
• Implement new personnel system at Head Office
• Prepare for implementation of new personnel system at domestic plants
• Establish Corporate Governance Basic Philosophy
• Deal with the revised Corporate Governance Code
• Proactive disclosure of information
• Established Nomination Committee and Compensation Committee

©2022 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.

4

3. Value creation process chart

Business foundation

FY2021

Financial capital

Business deployment based on our own strengths

Strengths in development, manufacturing, sales

Consolidated financial	CO2 emissions /
results for FY2021	Wastewater results

• Total assets : 40,600 mil. yen

 Equity:

28,700 mil. yen

• Equity ratio: 70.4%

Human capital

• No. of employees: 4,449
• Unified personnel system

Manufacturing capital

of Thermistors

Environment:

Thermistors support

the environmental

society.

Thermistors are

essential for EVs and energy-saving home appliances

• Net sales 30,600 mil. yen
• Operating income

5,570 mil. yen

• Ordinary income

5,630 mil. yen

• Net income 3,650 mil. yen
• Operating CF 3,520 mil. yen
• Operating income margin 18.2%
• ROE 13.5%
• Dividend per share 150 yen

• CO2 emissions

22,574t

• Total of Scope1

and Scope2

• Wastewater 63,568㎥

• Purchase of property, plant and

equipment:

683 mil. yen

• Manufacturing sites:
  5 domestic sites, 3 overseas sites

Manufacturing capital (supplier)

Suppliers of domestic sites

• No. of Tier1 suppliers (to our domestic sites): 239 Purchase amount: 8,800 mil. yen

Natural capital

		High performance:		Global:
		Can be used in a wide		Build strong
		temperature range, can		relationships of trust
		detect and control		with customers
		temperature with high		around the world
		accuracy even when
		installed in high-
		temperature products

Corporate credibility, Governance,

Production quality management

		Materiality (Priority issues)
		Items	SDGs
Manufacturing		Make safe, secure and high-
	quality products
•	Ensure safety, security and
	quality improvement of
	products
•	Develop new products
•	Improve productivity
Environment	 Address climate change, and
	protect the global environment
• Realize 2050 carbon neutrality

• Power consumption 43,736twh Gasoline 426.39kl,
  Light oil 8.85kl, Lamp oil 31.62kl,
  Liquefied petroleum gas 204.49kl
• Water intake (Total)128,616㎥
• Water consumption 129,531㎥

Credibility		Governance	Production quality management
		Company with Board of		ISO9001
		Corporate Auditors		(6 companies in Japan,
			3 overseas companies)
70		Voluntary Nominating
	ISO14001
years in		and Compensation		(6 companies in Japan,
business		Committees		3 overseas companies)
		Sustainability	IATF16949
			(2 companies in Japan / 3 types,
		Committee
			1 overseas company)

	• Reduce impacts on the
		environment.
Human resources development Diversity		 Respect for human rights,
	Develop diverse human
	resources
Governance		Enhance governance
•	Ensure compliance

©2022 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.

5