Collaboration in IoT, FinTech and AdTech with 3 U.S. Ventures

「The U.S. subsidiary's overseas business secured new projects through sales activities centered on in-vehicle infotainment in coordination with the next-generation mobility business. It also expanded validation work for PoC development to verify the effectiveness of elemental technologies held by startups.」

「U.S.-based ONE Tech, an investee of the company's U.S. subsidiary, is focusing on sales of its proprietary MicroAI™ to manufacturers and telecommunications companies. U.S.-based StrongKey, another investee, is focusing on sales of security services using FIDO authentication and PKI services compatible with Matter, a new communications standard for smart homes. PKI stands for Public Key Infrastructure.」

「In addition, U.S.-based ONE Tech, an investee of the company's U.S. subsidiary, is focusing on sales of its proprietary AI, MicroAI™, and orders from manufacturers worldwide have remained on a steady upward trend.」

「In addition, U.S.-based ONE Tech, an investee of the company, is forming alliances with multiple MCU manufacturers, providing its proprietary AI, MicroAI™, and actively conducting joint sales activities. Orders from companies around the world are increasing.」

「In addition, U.S.-based ONE Tech, an investee of the company, has entered into partnership agreements with Renesas Electronics Corporation and others and provides its proprietary AI, MicroAI™. It is also actively forming alliances and conducting joint sales activities with multiple MCU manufacturers.」

「At ONE Tech, an increasing number of PoCs ordered by manufacturers in the United States, Europe and Asia have led to subsequent commercial projects. To promote the product-level adoption of its proprietary AI solutions, the company is actively forming alliances and conducting joint sales activities with multiple MCU manufacturers.」

「ONE Tech has begun receiving a strong volume of PoC orders, primarily from manufacturers in the United States. To promote the production-level adoption of its proprietary AI solutions, it is actively forming alliances and conducting joint sales activities with multiple MCU manufacturers.」

「In addition, U.S.-based ONE Tech, an investee of the company, has entered into partnership agreements with Renesas Electronics Corporation and others and provides its proprietary AI, MicroAI™. ONE Tech is also actively forming alliances and conducting joint sales activities with multiple MCU manufacturers to promote its proprietary AI solutions.」

「In addition, sales activities at StrongKey, Inc., an equity-method affiliate, have become difficult due to the spread of COVID-19 in the United States. Combined with weaker consumption resulting from the economic downturn, this led to a review of its future business plans. Following a reassessment of the investment's value, an impairment loss of ¥547 million was recognized.」

「In addition to securing new and ongoing IoT project orders from Integrated Device Technology, Inc., a subsidiary of Renesas Electronics Corporation, and Japanese manufacturing companies based in the United States, ONE Tech announced the edge AI product MicroAI Atom™, which enables machine learning on MCUs (Micro Controller Units) used in embedded equipment and other devices. This makes it possible to implement MicroAI™ in various MCU-based devices and sensors widely used in consumer, industrial and automotive equipment, generating the benefits of machine learning while retaining existing systems. ONE Tech is actively pursuing joint sales initiatives and other activities with several MCU manufacturers to promote the adoption of these internally developed AI solutions.」

「In addition to securing numerous new IoT project orders from Integrated Device Technology, Inc., a subsidiary of Renesas Electronics Corporation, and Japanese manufacturing companies based in the United States, ONE Tech is actively pursuing joint sales initiatives, including deploying its MicroAI™ on devices and sensors made by Japanese companies.」

「In addition to securing numerous new IoT project orders from Integrated Device Technology, Inc., a subsidiary of Renesas Electronics Corporation, and Japanese manufacturing companies based in the United States, ONE Tech is actively pursuing joint sales initiatives, including deploying its MicroAI™ on devices and sensors made by Japanese companies.」

「In addition, ONE Tech, an investee company, secured numerous IoT project orders from Integrated Device Technology, Inc., a subsidiary of Renesas Electronics Corporation, and Japanese manufacturing companies based in the United States. We will continue to work with ONE Tech on IoT project orders globally, including in the United States.」

「In addition, ONE Tech, a joint venture between our U.S. subsidiary and Plasma, secured orders for new IoT projects from Integrated Device Technology, Inc., a subsidiary of Renesas Electronics Corporation, and Japanese manufacturing companies based in the United States. Inquiries about IoT-related projects from Japanese companies based in the United States are increasing, and we will continue to work with Plasma and ONE Tech on IoT orders globally, including in the United States.」

「In addition, ONE Tech, a joint venture between our U.S. subsidiary and Plasma, secured an order for a new IoT project from a Japanese company in California. Inquiries about IoT-related projects from Japanese companies based in the United States continue to increase, and we will continue to work with Plasma and ONE Tech on IoT orders globally, including in the United States.」

「In addition, ONE Tech, a joint venture between our U.S. subsidiary and Plasma, continues to develop the AI component for which it received an order following the adoption of Plasma’s IoT platform for a large-scale agricultural IoT project in Australia. More recently, inquiries about IoT-related projects from Japanese companies based in the United States have increased. We will continue to work with Plasma and ONE Tech on IoT orders globally, including in the United States.」

「In addition, ONE Tech, a joint venture between our U.S. subsidiary and Plasma, secured an order for the AI component after Plasma’s IoT platform was adopted for a large-scale agricultural IoT project in Australia.」

「We also continued Japanese-language localization, additional development for the Japanese market, manual preparation, marketing activities and sales strategy planning to prepare for sales in Japan from the next fiscal year of ストロングキー社’s encryption and next-generation authentication security solution, which has extensive global adoption by central banks, major financial institutions and military organizations. Using these initiatives as a catalyst, we will accelerate joint business in Asia and the United States as well as Japan.」

「In addition, ONE Tech, Inc., a joint venture between our U.S. subsidiary and Plasma, secured an order for the AI component after Plasma’s IoT platform was adopted for a large-scale agricultural IoT project in Australia. We will continue to work with Plasma and ONE Tech on global IoT orders. We also continued Japanese-language localization, additional development for the Japanese market, manual preparation, marketing activities and sales strategy planning to prepare for sales in Japan from the second half of the fiscal year of ストロングキー社’s encryption and next-generation authentication security solution, which has extensive global adoption by central banks, major financial institutions and military organizations. The company’s name was changed from ストロングオース社 to ストロングキー社.」

「For ①, we are strengthening sales activities to companies in and outside the United States through the joint venture ONE Tech, Inc. with Plasma. For ②, we are preparing manuals and developing a sales strategy for sales in Japan and Asia from the second half of the fiscal year. Using these initiatives as a catalyst, we will accelerate joint business in Asia and the United States as well as Japan.」

「We established a joint venture with Plasma for ① and invested 20% in ストロングオース社 for ②. Using these initiatives as a catalyst, we will accelerate joint business in Asia and the United States as well as Japan.」

「In particular, using the capital and business alliance with ストロングオース社 as a catalyst, we will accelerate exclusive distribution in Asia, excluding the Middle East and other Islamic regions, and joint business in the United States.」

「In response to growing demand for stronger security measures against ransomware and cyberattacks occurring in and outside the United States, as well as growing demand for IoT-related businesses, we will conduct a ¥11 million capital increase to strengthen our global business. The proceeds will include an investment of US$8 million in JIGDATA, INC., a Silicon Valley-based U.S. startup with proprietary data and communications encryption and FIDO authentication technologies, and an investment of US$3 million to establish O.N.E, Inc., a joint venture with a U.S. company engaged in IoT-related business.」

「We also continued to invest actively by exhibiting at IoT-related trade shows and demonstrating IoT solutions using LoRaWAN. This generated many inquiries from companies in the United States, Europe, the Middle East and Central and South America regarding projects such as smart parking, smart factories and smart farms, and we focused on securing orders at an early stage.」

「At IoT Tech-Expo North America, held in Santa Clara, U.S., in October, we demonstrated the IoT platform described above and received inquiries about multiple projects from inside and outside the United States. We will work to convert these into orders at an early stage.」

「To prepare for sales of the following 3 solutions from the second half of the fiscal year, following the signing in May of exclusive distribution agreements in Japan, we continued to invest actively in Japanese-language localization and additional development for the Japanese market in cooperation with Systena and its group company Internet of Things Co., Ltd.: ① an IoT platform with numerous adoptions by major companies, including adoption for a smart-city project in a major city on the U.S. West Coast; ② an encryption and next-generation authentication (FIDO) solution in the FinTech field with extensive global adoption by central banks, major financial institutions, military organizations and major private-sector companies, particularly in Europe; and ③ AdTech using innovative technology from a Silicon Valley startup.」

「In addition, to launch new businesses, we actively pursued collaboration with 3 U.S. startups in the areas of IoT, FinTech and AdTech in cooperation with our U.S. subsidiary. Although full-scale service provision had not yet begun, we promoted the offerings at exhibitions and other events, received numerous inquiries, and worked toward launching the services at an early stage.」