Expansion of Energy Management, Energy Storage and Charging-Related Products

「As an energy management system-related product, the Company developed and began selling the Pit-QC Series of medium-speed chargers for EVs and PHEVs compliant with the CHAdeMO certification standard.」

「As an energy management system-related product, the Company is promoting the installation of the Safa Link-ONE industrial solar self-consumption storage battery system, which reuses batteries from used electric vehicles, at public facilities and other sites operated by local governments. It is also developing a medium-speed EV charger that works with the system.」

「In the circuit breakers, switches, parts and other business, breaker sales increased as the supply system normalised with the easing of difficulties in procuring components. Sales of EV charging stations also increased as the number of projects rose, supported by government subsidy policies. As a result, revenue was ¥6,218 million, up 9.0% year on year.」

「In the electrical and information infrastructure-related distribution business, sales increased to ¥10,579 million, up 16.5% year on year, as network component sales recovered with the recovery in office network projects and projects related to renewable energy and other areas increased. Segment profit (operating profit) was ¥380 million, up 252.2%.」

「The Pit-2G Series, the Company's main standard EV charger, obtained JARI certification and was approved as equipment eligible for government subsidies. The communications model supports various operations, including energy management through remote control using 4G communications and billing and payment processing, and has achieved service integration with multiple EV charging service operators.」

「In the circuit breaker, switchgear, parts, and other segment, sales of breakers and switches declined due in part to delays in the supply of some products caused by difficulties procuring materials. However, sales of thermal equipment and EV charging stations increased, resulting in sales of ¥5,704 million, up 0.2% year on year.」

「The Company launched the Pit-2G Series of standard EV chargers, adding a 6kW high-output model capable of charging at twice the conventional speed. The flagship 4G communications model supports remote control and monitoring, as well as setting charging schedules and adjusting charging output through a web application.」

「The Company developed Pit-2G, a new standard EV charger capable of energy management. The 4G communications model enables remote control, including setting charging schedules and adjusting charging output, through a web application.」

「In the Circuit Breaker and Switchgear segment, sales of switches for transferring between commercial and emergency power supplies increased as awareness of disaster preparedness grew. Sales at overseas subsidiary ELETTO（THAILAND）CO.,LTD also increased. As a result, revenue was ¥2,674 million, up 6.1% year on year.」

「In fiscal 2019, the Company launched Pit-C3, a product based on the concept of making daily home charging more convenient. Although the development of electric vehicle charging infrastructure is expected to take time, the Company will continue working to expand the business.」

「In the distribution board segment, sales increased to ¥22,319 million, up 12.6% year on year, as sales of high-voltage receiving equipment and distribution boards for school air-conditioning systems remained firm, while sales also increased for residential distribution boards compatible with systems linking solar power generation and storage batteries.」

「In the charging infrastructure business, the Company will deepen collaboration with Group companies and business partners to promote a broad range of services, including maintenance, servicing, and billing, in addition to manufacturing and selling hardware.」

「In the circuit breaker and switchgear segment, sales increased to ¥2,606 million, up 2.6% year on year, driven in part by higher sales of emergency power transfer switches amid growing disaster preparedness awareness in response to the increasing frequency of natural disasters in recent years.」

「For EV and PHEV charging stations, the Company began a demonstration project at a large commercial facility using chargers with a parent-child coordination function, combining the main and subsidiary units already on the market. The project is demonstrating that peak power consumption by the charging equipment as a whole can be reduced and that multiple vehicles can be charged simultaneously using existing power facilities and within existing electricity charges, while verifying the effectiveness of an IoT-enabled charging service.」

「For the charging infrastructure business already underway, the Company will deepen collaboration with Group companies and business partners to promote a broad range of services, including maintenance, servicing, and billing, in addition to manufacturing and selling hardware.」

「The Company also launched residential distribution boards with an automatic power-switching function that can maintain electricity supplies during outages when used together with emergency power sources such as storage batteries. This enables the use of essential household appliances such as refrigerators and lighting.」