Hirose Electric : “2024” Medium and long-term Growth Strategy

Changes in the environment for customers and applications

Advancement of IoT/5G/AI

Electronic devices exist everywhere along with the technology evolution and the diversification of use environment, and its usage are enlarged.

Consumer values being more diverse

Segmentation of product features are being progressed such as customization to satisfy preferences and the products resolving social issues.

Geopolitical risks increasing

Decoupling increase the complexity of supply chain, and

quality control in decentralized site and the collaboration become more difficult.

Requirement of quality becoming severe

Electronic devices hold significant security involvement such as autonomous driving.

To the world of Connecting Technologies.

HRS：Deepening our providing values

The conventional role of connectors to connect devices and to support customer coalition are enlarged. KSFs of customers are diving to deeper field.

Product

features Design, Performance, Specifications

Sustainable relations

Partnership of trust

◦Stable supply

◦Stable product quality ◦Knowledge of customers

Synergy of values

Co-creation◦Co-R&D

◦Interactive technology

communications ◦3C＋1C network

Industrial 32% 31%

Inter：FY2023(Actual)

Outer：FY2027(Forecast)

(Consumer)

16%

27%

Automotive

30%

• Aim for the growth above the industry average and increase our market share through the growth with quality.
• Establish well balanced 3 business pillars in FY2027
• • Consumer：Stable growth with competitive products and strong customer relationship
  • Automotive：Become a mainstay of growth through our flexibility and resilience
  • General Industial：Make a leap forward in the global market by taking advantage of cross segment knowledge and experience.
• Explore another NEW growth driver in addition to the 3 pillars

ALL Consumer

Maintain and Strengthen

the Competitiveness

Enhancing our product and manufacturing capability as a leading company of micro connector

BM55 Series

・World's smallest class ・Power/signal hybrid ・Fully armored micro

connector

CES® 2023

Automotive

Strengthening Customer Relationship

Establish a good R&D partner relationship with car makers developing new mobility.

Joined KYOHOKAI

In Apr. 2024, HRS was approved to join KYOHOKAI and share the knowledge beyond the border of companies

*KYOHOKAI: Partnership organization between Toyota and suppliers

General Industrial

Cooperation with various customers

and organizations

Accelerates the cooperation with customers and organizations to provide our values in the market widely spread.

ix Industrial

Provides core-technology for new standardized product switching from RJ-45 used in ethernet connection

・Co-developing with the Harting group Expanding partners

・Downsizing and robustness

Innovation Awards Honoree

New Koriyama factoryCompletion in Apr. 2024 Enhances the capabilities of production engineering

*75% smaller

Customers

*The CES Innovation Awards are based upon descriptive materials submitted to the judges. CTA did not verify the accuracy of any submission or of any claims made and did not test the item to which the award was given.

Hirose Korea

Expansion

and production, and BCP. Operation starts from mid. May

Organizations

PROFINET

CC-Link

GigE Vision etc.

Partners

Harting

Amphenol etc.

Expanding Hirose Korea which is a R&D and manufacturing center for micro connector

© 2024 HIROSE ELECTRIC CO., LTD. All rights reserved.

Harness

manufacturer Subcontractors

6

TAT Center "connecting wisdom"

Missions of TAT Center

1. Strengthen software engineering on production facilities
2. Facility development hub to target on shortening lead time
3. Provide training to be advanced production engineers and construct "Co-creation field" to learn technics with subcontractors

Building informationSite area：6,983㎡ Building area：2,092㎡

Building structure：Steel frame and one-story

Energy：Renewable energy 100%

(Private power generation with solar panels 40kW and purchasing)

＜Special Strengthening Points＞

〈1〉 Technological development capability and product appeal (Proposal to design and mass production)

〈2〉 "Manufacturing expertise"

（KAIZEN ＆ manufacturing innovation） 〈3〉 Human capital development

(Continued: the 1st year of deepening)

Continuous

growth, evolution

Mid-Term Basic Policy (FY2024-2027)

Mid-Term Capital Allocation