We are pleased to announce that we, together with AISIN Corporation (hereinafter referred to as “AISIN”) and DENSO Corporation (hereinafter referred to as “DENSO”) received the Technology & Development Award 2022 from Toyota Motor Corporation (hereinafter referred to as “TMC”). This award is given by TMC to suppliers that have made a significant contribution to improving TMC’s product appeal through state-of-the-art technology. TMC evaluated the “compact, high efficiency eAxle by integrated built-in inverter” which was jointly developed by Aisin, Denso, and us.

We will continue to develop compact, highly efficient, and low-cost products. We will also continue to contribute to the realization of a carbon neutral society through by installing our products in electric vehicles of every description.