Message from Hiroshi Ogasawara

 

As a “technology-centric” company aiming to be the world’s best, Yaskawa achieves sustainable growth while providing new values to customers through a solution concept, “i3-Mechatronics.”

Since being founded in 1915, Yaskawa Electric has set “electric motors and their applications” as its business domain and supported the leading-edge industries of the age. In order to engage in business with its own technology, the company established a creed of “becoming a technology-centered company,” proposed the concept of “mechatronics*1,” ahead of the rest of the world, and has maintained quality-first management with the determination to develop the world’s first-in-class and revolutionary technologies and products. Yaskawa’s core technologies are “motion control,” “robotics,” and “power conversion.” These technologies and products born and created out of our search for elaborate control of mechanical movements contribute on a daily basis to improvements in the quality and efficiency of manufacturing around the world. 
Our business hubs are located in 30 countries around the world including Japan, and the production bases are located in 12 countries. We operate a glocal*2 business which is adapted to each region’s characteristics. Yaskawa’s technologies, products and services are enjoying high reputation and great trust from customers worldwide.

In recent years, expectations for our solutions provided with servos and robots are increasing in response to challenges such as automation or labor saving against the backdrop of workforce shortage and rise of labor cost mainly in China. With the industrial advancement, manufacturing industries all over the world are undergoing rapid changes including the realization of Industrie4.0*3, the utilization of Internet of Things (IoT)*4 or Artificial Intelligence (AI).

Under such conditions, we launched a solution concept “i3-Mechatronics” in October 2017 to realize the new industrial automation revolution put forward in the long-term management plan “Vision 2025.” “I3(iCube)” stands for three “i”s of integrated, intelligent and innovative. In addition to our current state-of-the-art solutions using servos, AC drives and robots, we provide digital data solutions with software to realize; 1) improvement of productivity by utilizing operational data from machinery and equipment, 2) securing and maintaining of high quality, and 3) zero-downtime production by means of failure prognosis of equipment using AI.
We create new value for our customers by proposing solutions that combine competitive hardware and software.

In June 2019, in consideration of the status of the achievements of the previous mid-term business plan “Dash 25” (FY2016-2018,) we have revised the long-term business plan “Vision 2025” which was announced on April 20, 2015. Among the revisions, we have gone back to our management principles and reconfirmed how we aim to set the goal of business plan, and we set “factory automation/optimization” based with mechatronics and “applicational area of mechatronics” as the core business domains. In addition, we clarified in our business objectives that operating income is the most important business indicator to accelerating qualitative improvement.

In its long-term business plan “Vision 2025,” our group is incorporating SDGs into its management strategy, aiming to achieve sustainable enhancement of corporate value by realizing its management philosophy of broadly contributing to social development and human welfare through its business activities. On the environmental front, for example, our group’s power conversion technology contributes to energy conservation and the use of renewable energy in various industries, thereby contributing significantly to the reduction of CO2 emissions.

Another priority is the realization of digital management. FY2020 was positioned as the first year of the YASKAWA Digital Transformation (YDX,) and as a result of our efforts to build a foothold for digital management, we were able to grasp key management information in a timely manner, such as orders, sales and profits from approximately 70 consolidated companies in the Yaskawa Group. In FY2021, we will further advance our activities and accelerate the visualization of management information by centralizing global data on technology, production and sales. The Yaskawa Group aims to maximize value creation for society by transforming the way technology, production, and sales are conducted, thereby achieving the goals of the “Vision 2025” and realizing further growth beyond that.

In FY2021, the Yaskawa Technology Center will be opened next to the headquarter building as an innovation base that integrates all technology divisions, including from product design, prototyping to production line construction.

I would like to take this opportunity to ask our shareholders, investors and other stakeholders for the continued support and patronage to Yaskawa in the days to come.

Yaskawa Electric Corporation

  • *1 In the late 1960s, Yaskawa Electric led the world in putting forward this concept fusing “mechanism” and “electronics.” This concept evolved when we combined our customers’ machinery with Yaskawa’s electric products to create superior quality and function.
  • *2 Management style defined by both a global management mindset and best local support capabilities anywhere in the world.
  • *3 The concept of the fourth industrial revolution proposed by the German government. Refers to the linkage of goods and services inside and outside factories via the internet and other communication networks to create new values that did not exist before and construct new business models.

Hiroshi Ogasawara,
Representative Director
President

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