Nissin Electric Co., Ltd. has formulated the Nissin Electric Group Medium-to-Long-Term Business Plan “VISION2025” for the five years from fiscal 2021 to 2025.
Outline
Based on its Business Mindset, which has been cultivated over its history of more than 100 years, the Nissin Electric Group is promoting corporate activities with pluralistic values under the Principles of Activities of building firm relationships of trust with stakeholders, with the aim of achieving the Corporate Philosophy of “Through corporate activities that support the foundations of society and industry, the Nissin Electric Group will harmonize with the environment and contribute toward realizing a vibrant society,” which is in line with the SDGs.
In the new Medium-to-Long-Term Business Plan “VISION2025,” which started in April 2021, the company will work to change its people, organizations and businesses under the slogan of NISSIN ISSIN* for transforming into a corporate group “Aiming to become a company creating a sustainable future through reliable technical capabilities where each of employees can realize the contribution to society in an environment that respects diverse values and encourages new challenges.”
Seeing various social changes, including the use of distributed energy resources with the advent of a decarbonized society and the spread use of renewable energy and diversification of workstyles due to an aging society with a declining birthrate in Japan and the new coronavirus pandemic, as business opportunities, Nissin Electric will work to implement the following growth strategies placing the SDGs at their core, and strengthen the business foundation that supports them, and positively make investments for growth from fiscal 2026, thereby contributing to achieving a sustainable global environment and a society where every person can play an active role.
- NISSIN ISSIN: represents the determination to renew the Nissin Electric Group toward 2050.
(“Issin” means “renewal” in Japanese.)
Our wishes implied by the phrase "Situation after undergoing significant change"
①Person/Organization
It is necessary to treat every employee as a main player, respect their characteristics, personality and potential, and have them fulfill their potential. This will establish a corporate culture where employees can work comfortably and are encouraged to take on challenges, and create an environment where they can gain job satisfaction and sense their own growth.
②Social contribution and solutions to social problems
As the world is rapidly changing, how companies contribute to society is now an important criterion for evaluating companies. Under such circumstances, employees can obtain more job satisfaction and pride than before by realizing the contribution to society.
③Reliable technical capabilities
Based on the technologies that have continued to be trusted as a company with a history of more than 100 years, we help to achieve the SDGs and solve global-level problems.
④Sustainable future and company
VISION2025 is the first vision in which we squarely cater to global social trends, including carbon neutrality and the SDGs. We will become a company that will survive the next 100 years by contributing to creating a sustainable future and global environment.
Six growth strategies and Strengthening the business foundation
To cope with diverse social changes, in our activities, the emphasis will be on the six growth strategies and five themes in strengthening the business foundation.
Six growth strategies
We will implement the six growth strategies, four of which place Nissin Electric's energy solution "smart power supply systems (SPSS)" at the core.
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Expansion of environmentally friendly products
- SF6 gas-free
- Reduction of electric power loss
- Promotion of the adoption of biodegradable electrical insulating oils
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Response to distributed energy
- Increase in orders for SPSS in the captive consumption market
- Early introduction of direct-current distribution system products onto the market
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Response to renewable energy
- Identifying demand for large-scale wind and photovoltaic power generation systems
- Strengthening efforts on cross-regional power system interconnection projects
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Adoption of DX to products and business
- Rolling out dispersed power supply, supply and demand adjustment and power supply system stabilization systems through EMS(Energy Management System)
- Developing a recurring revenue model by introducing diagnostic technologies using AI and IoT and remote maintenance systems
- Rolling out regional communication services and promoting labor saving solutions
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Identifying demand resulting from increasing environmental awareness in emerging countries
- Strengthening global competitiveness capitalizing on the characteristics of the manufacturing capabilities at each site
- Proposing solutions based on accurate understanding of customer needs
- Commercializing market-oriented businesses by quickly identifying new demand in ASEAN countries
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Business expansion in association with the expansion of EVs
- Developing and expanding sales ion implanter for SiC power device for EVs
- Accelerating the widespread proliferation of DLC (Diamond-Like Carbon) coating
- Considering the commercialization of electricity infrastructure business for EVs
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Five strengthening the business foundation
We will address the five themes in strengthening the business foundation, aiming for company growth amid major changes in the business environment.
- S: Safety E: Environment Q: Quality C: Cost D: Distribution and delivery time D: Development
SDGs initiatives
The Nisshin Electric Group has been performing the business management based on the pluralistic values that have emerged from our history of more than 100 years: "Harmony with the Environment" + "Five Trusts" and are conductive to the SDGs philosophy.
Our activities are aimed to achieve a sustainable global environment and a society where every person can play an active role. We consider these activities business opportunities that allow us to implement our growth strategies, grow our corporate presence, and have every employee make social contribution through their work. In this way, we will improve employee motivation and satisfaction and achieve growth.
Business fields that contribute to achieving the SDGs
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Contributing to water quality improvement
Maintenance and management of water and sewerage treatment facilities
Water treatment efficiency improvement in ASEAN countries and China
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Contributing to building electricity infrastructure
Equipment for manufacturing power devices
Direct-current distribution system products
Expansion of demand due to the Fundamental Plan for National Resilience
Expansion of contract metalworking
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Reducing CO2 emissions using AI and IoT
Highly energy-efficient Smart Factory
Inspection business utilizing sensors
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Contributing to stable supply of electricity
Renewable energy generation support systems
EMS for highly efficient use of electricity
Grid connection facilities for delivering high-quality electricity
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Contributing to the creation of a safe and secure city
Central supervisory control systems (water treatment, expressways)
Regional communication services
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Reducing environmental burdens by making material highly functional
Development and expansion of environmentally friendly products and materials
DLC for eco-friendly cars
Efforts to contribute to achieving the SDGs
