Message from Top Management

President
Akira Watanabe

Toyo Denki was founded in 1918 with the mission of pioneering railway electrical equipment manufacturing in Japan. Since then, and up to the present, Toyo Denki has continued supplying the market with variety of electrical equipment for railway vehicles and a wide range of industries, based on the motor drive technology that it has advanced since its foundation. In 2018, we celebrated the 100th anniversary of our foundation, which we consider was made possible by the support and patronage of our customers and other stakeholders. We would like to express our deep appreciation for this milestone.

Toyo Denki Group is making steady progress in its efforts to enhance profitability as stated in its Medium-Term Management Plan 2026, which concludes in the fiscal year ending May 2026.We aim to achieve an ROE of 8% or more by executing on the three basic policies of the Plan: 1）expansion of new businesses and products, 2）thorough improvement in earnings structure of existing businesses, and 3）improvement in asset efficiency with awareness of the cost of capital.

Based on the business foundation that we have built up over the past 100 years, we will globally offer high-quality products that combine the excellent motor drive technologies that we have cultivated since our founding and advanced breakthrough technologies to meet the expectations of our customers and other stakeholders, to further enable us to enhance our position as a specialist manufacturer that lives up to the reputation “Technology Toyo.”

We look forward to your continued guidance and support.

August 2024

Business Principles