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.
In the second half of the four-year medium-term management plan ("Revitalize 2022" for the fiscal year ending May 31, 2021 to May 31, 2022), We are currently reviewing some of our management targets and measures in light of changes in the business environment and issues to be addressed. In the "period to accumulate earning power and return to a growth trajectory," we will work on measures to establish a "muscular" business management system that can generate stable profits and to expand the scale of our business.
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.
The Toyo Denki Group will practice the following business principles to ensure the growth of its business, earn the confidence and understanding of shareholders and stakeholders, and foster the development of its employees: