Nissin Electric Co., Ltd. has formulated a five-year business plan for fiscal 2011 to 2015, “VISION 2015.” Since April 1, 2011, the entire Nissin Electric Group has been working toward achieving the targets set out under the plan.

1. Global expansion in four business segments

We will pursue even more balanced and multifaceted market strategies centering on our core businesses and techniques. By so doing, Nissin Electric seeks to become a company that can achieve sustainable growth and profitability despite changes in market conditions.
Specifically, besides our existing key business segments of Power System Equipment and Charged Beam equipment and processing, we will focus on two other businesses: Renewable Energy and the Environment, a field which offers new growth potential; and Lifecicle Engineering (LCE), a service that supports customer equipment throughout the entire cycle. In these four business segments, the Company will aggressively expand into global markets, focusing on robust demands from emerging markets. We aim to create a strategic business portfolio, called the “4 x Global Portfolio.”

2. Numerical targets and business portfolio for fiscal 2015

Consolidated net sales:               150 billion yen
Consolidated operating income:   12 billion yen
Consolidated ROA:                    8% or more
Dividend per share:                    15 yen or more per year

As a target for global expansion, we aim to increase the entire Group’s overseas sales ratio to approximately 50% in fiscal 2015, from 34% in fiscal 2010.