Nichicon : Integrated Report 2022

Integrated Report

2022

Carbon neutrality

Mobility

IoT

Shift toward EVs

Factory automation

Society's charging infrastructure

5G

Profile

Capital stock

14.2billion yen

Cumulative sales of household energy storage batteries

Net salesNo.1in Japan 142.1million yen

	Number of
	group companies
Single-function energy storage sytems,	28
Hybrid energy storage systems,	Year of establishment
the Tribrid Energy Storage System™
1950
Unique

Shareholders' equity ratio

54.3%

World-first

Developed the Tribrid Energy Storage System™, which allows electricity generated with solar power to be used in households or in electric vehicles (EVs) or plug-in hybrid vehicles (PHVs)

Business bases
43		11	Employees (Consolidated)
	bases in	countries	5,587

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World-first

Development of the EVPower Station, the Vehicle to Home (V2H) system

that allows power supply from electric vehicles

Overseas sales ratio
56.1%	Annual dividend
	per share
	27yen
Share of accelerator power supplies
	80
for medical facilities and academic research
Greater		%
than

Two Business Areas

Developing the capacitor business and NECST (NICHICON Energy Control System Technology) business centered on core technologies for generating, storing, and saving energy

			Film
		capacitors
Circuit	NECST	Capacitor	Aluminum
electrolytic
products	business	business
	capacitors

Small Li-ion

rechargeable

batteries

Top Notch Management

First-class performance in every aspect of our business, including quality, cost, delivery, service, and technology

Contents
About NICHICON
Contents and Profile	1
Value Creation Model	3
Message from the Chairman and the President	5
Special Feature
Special Feature (1)
Contributing to carbon neutrality and BCP	9
Special Feature (2)
Vision 2025 medium-term growth targets	11
Sustainability (ESG information)	16
Environment	18
Society	22
Governance	24
Financial, Corporate, Investor Information
Segment information	33
Financial and non-financial highlights	35
Corporate data	37
Investor information	38
Consolidated subsidiaries	39
Editorial policy
The purpose of this report is to provide a greater
understanding of the NICHICON Group's strategies and
sustainability initiatives toward achieving a sustainable
society and continuously improving corporate value.
In addition to special features on our contribution to
carbon neutrality and BCP and our medium-term growth
target, Vision 2025, we hear in depth from those
responsible for leading such efforts. It is our hope that this
report will lead to greater dialogue.
Period covered
This report covers the activities and results in FY2021 (April 1,
2021-March 31, 2022). However, in some parts, it mentions
activities and results after April 2022.
Organizations covered
NICHICON Corporation and its consolidated subsidiaries

Reference guidelines

• International Integrated Reporting Framework (IFRS Foundation)
• Company-InvestorDialogue for Collaborative Value Creation (Ministry of Economy, Trade and Industry of Japan)
• Final Report: Recommendations of the Task Force on Climate-related Financial Disclosures.

More information and past case examples can also be found on our website below.

Investor Relations https://www.nichicon.co.jp/english/ir/index.html

CSR & Environment https://www.nichicon.co.jp/english/eco/index.h tml

Integrated Report 2022

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Value Creation Model

Contributing to the creation of a sustainable society by implementing our Mission Statement

The NICHICON Group is, based on our Mission Statement, manufacturing products that have value and performing activities to create a brighter future for society.

With business activities and products that take advantage of our strengths as a company, we will solve the various problems of society and help to make that society more sustainable.

NICHICON's Strengths

NICHICON's Ideals

Strengths

Business Activities and Products

Mission Statement

We dedicate ourselves to creating valued products that will contribute to a brighter future for society. We strive to attain a better global environment, to live up to our ethical and social responsibilities and to diligently work to exceed the expectations of our customers, shareholders and employees. With heart and soul we aim to maximize our corporate value by the way of "ko-do" (Think and Work).

• "ko-do"(Think and Work):
  NICHICON has coined this word (in the Japanese origin), which refers to thinking and working.

NICHICON Group CSR Charter

CSR Ideal

The NICHICON Group, in order to live in harmony with all people as a good "corporate citizen" going into the future, recognizes that fulfilling our corporate social responsibility in all aspects of our management is an issue of maximum importance. We will, in all of our corporate activities, understand and adhere to the relevant laws and international rules not only in letter but in spirit, and will act in accordance with social ethics and in possession of social good sense.

Developing innovative
products	Capacitor Business
and technologies
	• Aluminum electrolytic capacitors
	• Film capacitors
Contributing to society	• Small Li-ion rechargeable batteries
as a creation business
Cultivating diverse
human resources
Engaging in active R&D
activities including
industry-academia
collaboration
Making aggressive	NECST Business
capital investment	• Circuit Products
and R&D investment
Building a sound
financial base
Promoting DX for
reforming manufacturing
and making operations
more efficient
Sustainability Policy	P. 17

Basic Policy on Quality Management

We pledge always to strive, based on our production activity ideal of "quality is everything," for the improvement of reliability, the eradication of errors that lead to customer complaints, and earning the trust of our users, as the driving force for our corporate development.

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Value Provided by NICHICON

Value provided

Clean energy

Energy savings

Comfort

Safety and security

BCP

Harmonious coexistence with local regions

Diversity

Contributing to

the solving of social issues

Achieving carbon neutrality

Expanding

the functions of information and communications equipment

Facilitating advanced medicine

Providing aid to

post disaster

reconstruction

activities

Improving

the quality of life

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