NAGOYA ELECTRIC WORKS CO., LTD.

Nagoya Electric Works Group is providing various values that lead to an affluent and sustainable society including safe and comfortable road transportation, and enhancing its corporate value through its business activities based on the management philosophy.

We are solving the social challenges through our business activities as follows.

We are:

  • deterring and reducing traffic incidents and congestion in Japan and emerging countries
  • minimizing risks arising from natural disasters
  • improving outdoor working environment and eliminating labor shortage during road maintenance work, etc.
  • eliminating labor shortages in the electronic component manufacturing process and responding to diversifying manufacturing needs

We established a project team consisting of our executives and selected employees in FY2021 to promote SDGs and to formulate priority challenges to be addressed through internal workshops. We reaffirmed that the most effective way to solve social challenges is to transform ourselves into a comprehensive equipment manufacturer and to become a leader of the industry to respond to the rapidly changing market environment and demands for further natural environment care including carbon neutrality. We have also come to the conclusion that the source to strengthen and ensure this is to provide new products and services in a wide range of fields.

The social challenges to be solved through our activities, our recognition of the current situation, and our major policies for solving these challenges at preset are as follows.

Disaster Prevention and Mitigation Solution

Social issue to be solved To Deter and reduce traffic incidents and congestion in Japan
Our recognition In Japan, the road network is highly developed. As a result, the construction of new roads is expected to decrease, and the demand for new VMS is also expected to decrease. On the other hand, with the development of automated driving technology and the commercialization of "flying cars" expected, there will be a need to establish information provision methods to deter and reduce traffic incidents and traffic congestion in response to such new transportation means.
Our major policy Transform ourselves into a comprehensive equipment manufacturer for road traffic safety to provide a safe, secure, comfortable, and clean mobility experience.
Social issue to be solved Deterring and reducing traffic accidents and congestion in emerging countries
Our recognition In emerging countries, the demand for automobiles is increasing along with rapid economic growth, while infrastructure development is not keeping pace. As a result, chronic traffic accidents and traffic congestion are occurring.
Our major policy Solve the social challenges in emerging countries to make a foundation for taking on the challenges of new markets.
Social issue to be solved To minimize risks arising from natural disasters
Our recognition Natural disasters such as unpredictable torrential rains are increasing in number and severity in Japan, and the risk to the lives and property of people is growing. Appropriate information provision system is required to provide evacuation guidance in the event of a natural disaster.
Our major policy Transform ourselves into a comprehensive equipment manufacturer that protects the safety of people's lives, and provide disaster prevention and mitigation solutions.

Road Safety Solution

Social issue to be solved To improve outdoor working environment and reduce labor shortages
Our recognition Road maintenance work including road construction and maintenance is performed under harsh natural conditions and heavy traffic, putting workers' lives at risk. In addition, there is a shortage of new workers.
Our major policy Transform ourselves into a comprehensive equipment manufacturer for road traffic safety, and provide labor-saving and safety solutions through various channels including rental.

Manufacturing Quality Solution

Social issue to be solved To resolve labor shortages and respond to diversified manufacturing
Our recognition The electronic component manufacturing process has become increasingly mechanized, and the labor force is shifting to the higher value-added sectors. On the other hand, the inspection process still requires a large amount of labor due to its unique nature. There is a need to address labor shortages in these processes and respond to the diversifying manufacturing.
Our major policy Transform ourselves into a process and quality improvement system manufacturer to provide support the cutting-edge tecnology sector by provding our manufacturing quality solutions.

Our target: New products as percentage of our orders received: 10%/fy

Other specific initiatives and KPIs will be announced on this page as they become available.