岩崎電気株式会社 (Iwasaki Electric Co., Ltd.)

Climate Impact & Sustainability Data (2020-04 to 2021-03, 2022)

Developed energy-efficient LED lighting systems and pursued further energy-saving performance.
Developed disaster prevention-conscious lighting systems.
Confirmed high effectiveness of UV light source in inactivating the novel coronavirus in Airlia air purifiers.

Launched Airlia series of air circulating UV sterilizers to contribute to the prevention of infectious diseases.
Implemented measures to ensure employee safety and social responsibility, such as staggered commuting, work-from-home, and the use of web conferencing.
Continued to respect intellectual property rights related to LED products.

Established a Nomination and Remuneration Committee to enhance the fairness, transparency, and objectivity of procedures related to the nomination and remuneration of directors.
Implemented the Board Benefit Trust (BBT) system for executive compensation linked to long-term performance.
Strengthened corporate governance through transparency, fairness, and prompt decision-making.

Economic conditions and business cycles impacting demand for products.
Environmental factors and natural disasters affecting business operations.
Impact of the COVID-19 pandemic on production and consumption.
Challenges in new product development due to technological innovation and cost competition.
Risk of price declines due to intense competition.
Risks associated with overseas business expansion.
Fluctuations in raw material prices.
Intellectual property risks.
Risks associated with product quality defects.
Information security risks.

Developed BCP, backup systems, and appropriate insurance coverage to mitigate environmental and natural disaster risks.
Introduced remote work to minimize risks of operational failures.
Formed a project team to address the impact of COVID-19 and maintain business operations.
Implemented infection prevention measures such as staggered commuting and work-from-home.
Continued research and development efforts to improve technology and products.
Focused on high value-added products and cost reduction measures to improve profitability.
Maintained close communication with local subsidiaries and business partners to collect information and manage risks in overseas operations.
Implemented cost reduction measures and diversified raw materials.
Established a specialized intellectual property management department.
Implemented a quality management system (ISO9001) and product liability insurance.
Installed devices to monitor and prevent unauthorized access to information systems.

Reduction of policy-held shares from 37 companies in 2015 to 17 in 2021.
Implementation of performance-based stock compensation system for directors (excluding outside directors) in August 2016.

Medium-term Goals:

Achieve sales of 65,000 million yen, operating profit of 5,200 million yen, operating profit margin of 8.0%, and ROE of 8.0% by FY2026.

Uncertainty in business environment due to prolonged COVID-19 pandemic, rising resource prices, global semiconductor shortage, and exchange rate fluctuations.
Low PBR (Price-to-Book Ratio) indicating undervaluation by the market.

Mid-term management plan (2022-2026) focusing on structural reforms, technological foundation building, and environmental initiatives with planned investments of 5000 million yen.
Gradual reduction of policy-held shares.