This report is designed to give the reader a clearer overview of Meidensha's management. It contains the company's Annual Report (covering management and financial information) and CSR Report (describing our environmental and social initiatives). This combined publication includes the key points of our management initiatives in a single volume. The Meiden Group undertakes its business activities with a sense of mission to support society's infrastructure. We hope this publication will help people to know the Group better.

Contents

Introduction

• Meiden Group Corporate Philosophy/ Editorial Policy/ Contents 01

Message

• Message from Management 03
• Message from the Officer in Charge of Finance 07

Our Value

• Meiden Group Value Creation Process 09
• Meiden Group’s Materiality 11
• Materiality and Medium-term Management Plan 2024 13
• Meiden Group History of Technology and Value Creation 15
• MY Vision/MY Challenge 17
• Social Value Created through Business 19

Our Strategy

• Progress On Medium-term Management Plan 2024 21
• Power Infrastructures Business Group 23
• Public, Industrial & Commercial Sector Business Group 25
• Mobility & Electrical Components Business Group 27
• EV Components Business Group 29
• Field Service Engineering Business Group 31
• Overseas Business Development 33

Our Approach

• Creating Added Value through Manufacturing
  Value Creation Story 1
  Meiden Group Leads a Joint Value Co-Creation Project in Hiroshima 35
• Creating Added Value through Manufacturing
  Value Creation Story 2
  Striving for Safe and Secure Product Delivery and a Workplace that Showcases Every Employee 37
• Climate Change Responses 39
• The carbon neutral transition plan 43
• DX strategy 45
• Human Resource Strategy 47
• Special contents- President x Employee Roundtable talk:
  The Power to Create the Future 49
• Respect for Human Rights 55
• Manufacturing Strategy 57
• Creating Added Value through Manufacturing
  Value Creation Story 3
  Meidensha Numazu Works: Crossing Borders to Overcome Bottlenecks 60
• Research and Development 61
• Intellectual Property Strategy 63
• Innovation Strategy 64

Corporate Governance

• Board of Directors & Executive Officers/ Message from Newly Appointed Outside Directors 65
• Corporate Governance 67
• Risk Management/ Compliance 75
• Stakeholder Engagement 79

Corporate Information

• Financial / Non-Financial Highlights 81
• Outline of the Meiden Group 83

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• Meidensha Report 2024(PDF:7.53MB)