Development of New Business Areas, Including Environmental and Energy-Related Fields

「With the dissolution of NF Blossom Technologies Co., Ltd., the company will further focus and concentrate resources on businesses leveraging the Group's strength in high-power conversion technology and accelerate business development in the environmental and energy-related field, with the aim of achieving further business growth for the Group.」

「Meanwhile, in the environmental and energy-related field, the company focused on restructuring the business by concentrating the energy storage systems business on industrial applications that leverage the Group's strength in high-power conversion technology. As a result, it recorded an extraordinary loss related to residential energy storage systems. However, the loss primarily consisted of inventory valuation losses and impairment losses on fixed assets and had no impact on cash flow.」

「Meanwhile, in the environmental and energy-related field, the market and competitive environment for residential energy storage systems for consumers is expected to become increasingly challenging. Through the business restructuring initiated during the current fiscal year, the company will pursue a more focused allocation of resources, while applying the technologies and management resources developed in this business to power systems for renewable energy and other applications, thereby maintaining and developing the Group's environmental business.」

「Against this backdrop, the Group advanced the reallocation of sales and production resources through the reorganization of group-company businesses and the restructuring of its energy-storage-system business. It worked to strengthen group-wide, market-development-oriented sales capabilities, improve operational efficiency and reinforce procurement capabilities, and strengthen its earnings structure by increasing the added value of its products in both sales and development.」

「Meanwhile, for future business growth, the company continued and strengthened initiatives in cutting-edge technology fields, including aerospace and quantum computing, centered on its core technologies. It also focused on future investment in basic technology research in areas such as life sciences and IoT and in manufacturing infrastructure.」

「Meanwhile, for future business growth, the company continued and strengthened initiatives in cutting-edge technology fields, including aerospace and quantum computing, centered on its core technologies. It also focused on future investment in basic technology research in areas such as life sciences and IoT and in manufacturing infrastructure.」

「The company also focused on laying the groundwork for future growth by strengthening basic technology development in areas such as life sciences and IoT.」

「Against this backdrop, the Group conducted market development and sales activities across the Group for precision measurement equipment, signal processing equipment for quantum science research, aerospace devices, and power equipment related to environmental and energy businesses. In addition to developing new products, it strengthened basic technology development in areas such as life sciences and IoT for future growth.」

「Against this backdrop, the Group worked to strengthen group-wide sales activities, secure materials and restore production efficiency by reinforcing its manufacturing infrastructure, strengthen new product development and basic research aimed at future growth, and improve effectiveness, efficiency and quality across its operations.」

「In the environmental and energy-related field, orders through distribution channels serving ordinary households declined amid the COVID-19 pandemic, and the business remained in a difficult environment in which the recovery in revenue was slower than expected.」

「The company also worked to continuously develop new products leveraging the Group's strengths and pursue basic research for future growth.」

「The company also worked to invest in basic research and strengthen technology development for future growth in order to achieve sustainable growth in corporate value.」

「The company also worked to invest in basic research and strengthen technology development for future growth in order to achieve sustainable growth in corporate value.」

「The company also worked to invest in basic research and strengthen technology development for future growth in order to achieve sustainable growth in corporate value.」

「The company also worked to invest in basic research and strengthen technology development for future growth in order to achieve sustainable growth in corporate value.」

「Meanwhile, to achieve sustainable growth in corporate value, the company worked to strengthen its businesses and management foundation through the transition to a holding company structure, as well as to invest in basic research and strengthen technology development for future growth.」

「Despite a significant stagnation in sales activities, we actively pursued initiatives for business growth after the COVID-19 pandemic, including measures to mitigate the impact, strengthened development of energy storage systems in the environment- and energy-related field, preparations for constructing a new plant, and basic research and development investments in IoT, life sciences, and quantum science.」

「The company also strengthened initiatives relating to energy storage system products after beginning operations as a joint venture.」

「In the energy storage systems business, which had become one of its core businesses, the company established a joint venture with ITOCHU Corporation and worked jointly to expand its business foundation by strengthening production capacity and developing new businesses.」

「In the energy storage systems business, which had become one of the company's core businesses, a new company was established in preparation for forming a joint venture with ITOCHU Corporation.」

「In the energy storage systems business, which had become one of our core businesses, we worked to strengthen the production structure and business organization.」

「In markets including environmental and energy, automotive, industrial equipment, and aerospace, the Group worked to expand sales and develop new customers among electrical and electronic companies, automotive companies, power-related companies, universities and research institutions. It also pursued new markets for the future, including life sciences, IoT and AI, and developed products for those markets.」

「In the power systems field, energy storage system products grew steadily, while the power systems business as a whole, including surface-treatment power supplies, general-purpose DC and AC testing power supplies, protection relay testers and bipolar power supplies, performed solidly. As a result, revenue in the power systems field was ¥7,282 million, up 30.3% year on year.」

「In the power systems field, the company worked to develop and expand sales of new products, including AC and DC testing power supplies, surface-treatment and industrial power supplies, and energy storage systems. During the fiscal year, energy storage systems and surface-treatment and industrial power supplies performed solidly. As a result, revenue in the power systems field was ¥4,811 million, up 29.4% year on year.」

「In the power systems field, the company worked to continuously develop and expand sales of new products such as AC and DC testing power supplies, expand sales channels for surface-treatment and industrial power supplies, strengthen the product offering for energy storage systems and other products, and establish a production system. During the fiscal year, plating and industrial power supplies, energy storage systems and bipolar power supplies performed solidly. As a result, revenue in the power systems field was ¥3,036 million, up 37.3% year on year.」

「In the power systems field, the company worked to continuously develop and expand sales of new products such as general-purpose power supplies, expand sales channels for plating and industrial power supplies, and strengthen the production system for energy storage systems and other products. During the fiscal year, power testing equipment weakened, while plating and industrial power supplies, energy storage systems and bipolar power supplies increased. As a result, revenue in the power systems field was ¥1,167 million, up 33.4% year on year.」

「In the power equipment field, the company worked to develop and expand sales of a broad range of new power supply products. During the fiscal year, AC and DC power supplies performed solidly, and new energy storage system products grew steadily. As a result, revenue in the power equipment field was ¥4,566 million, up 71.0% year on year.」

「The company continued expanding sales of new products, proposing solutions, and pursuing new business areas including energy storage systems. It also worked to establish a production system to improve cost competitiveness and strengthen new business areas. With growth in new business areas such as energy storage systems, revenue increased 36.8% year on year to ¥6,457 million. In the power equipment field, AC and DC power supplies performed solidly as the company continued developing and expanding sales of new products. Including growth in new business areas such as energy storage systems, revenue in the power equipment field was ¥2,965 million, up 66.5% year on year.」

「While revenue declined in the electronic components field within existing business areas, orders and revenue in new business areas such as energy storage systems remained strong. Revenue for the six-month period ended the second quarter increased 10.5% year on year to ¥3,814 million. In the power equipment field, the company continued developing and expanding sales of new products, while strengthening sales of energy storage systems, a new business area, and establishing a production system.」

「In the power equipment field, the company continued developing and expanding sales of new products and worked to establish a production system for energy storage systems. During the fiscal year, AC power supplies, bipolar power supplies and energy storage systems performed solidly, and the power equipment business as a whole also performed solidly.」

「In development, while seeking to strengthen capabilities in existing areas, we will focus on developing new business areas, particularly environmental and energy-related fields, as well as on technology development for the next generation.」

「In the power equipment field, the company continued developing and expanding sales of new products. Protection relay testers and the programmable AC power supply DP series performed solidly, and activity was also seen in the new energy storage systems field. However, demand for products related to custom application equipment remained sluggish, and the power equipment business as a whole weakened.」

「In the power equipment field, the company continued developing and expanding sales of new products. Although demand for products related to custom application equipment remained sluggish, protection relay testers and programmable AC power supplies performed solidly, and activity was also seen in the new energy storage systems field. As a result, the power equipment business as a whole performed solidly.」

「Under these business conditions, the Group worked to expand sales, primarily by uncovering custom demand in the aerospace-related and environmental and energy markets. Although orders related to energy storage systems and other products remained strong, momentum was still limited, and revenue declined year on year.」

「In development, while seeking to strengthen capabilities in existing areas, we will focus on developing new business areas, particularly environmental and energy-related fields, as well as on technology development for the next generation.」