Circular Economy

Basic Policy

Along with both population and economic growth, increasing waste, resource depletion, and environmental impact have become important issues. With this in mind, there is an urgent need to shift from a traditional linear economy to a circular economy. A circular economy is a framework that promotes the sustainable use of resources and minimization of waste, thereby balancing economic growth with environmental protection.
Based on this approach, we will promote the use of recycled materials and the recycling of waste through our business activities. Furthermore, we will explore the best ways to minimize waste emissions from the design stage, with an aim to incorporate repair, reuse, and recycling to ensure the effective use of resources.

Key Points for Future Efforts in Resource Utilization

We will promote efficient and circular use of resources procured through our business activities.

• Promote the application of recycled resin in products
• Improvement of material yield rate

Key Points for Future Initiatives in Waste

We will promote the recycling of waste generated through our business activities.

• Continuous reduction of waste
• Waste recycling

Reduction of Waste

In fiscal 2023, we were able to achieve our waste emissions reduction targets by sharing best practices among our production sites and implementing horizontal deployment of reduction measures.

Water Use Reduction

In fiscal 2023, we implemented measures to reduce water consumption, mainly at production sites, and achieved reductions far exceeding the target.

Development of Eco-Friendly Products

To steadily reduce the environmental impact of our products, we design and develop products in an environmentally friendly manner. In newly developed products, product assessment is conducted at the design stage. For the 37 evaluation criteria that are believed to have an impact on the environment throughout the product’s lifecycle, evaluations are performed by comparing them with benchmark products and alternative solutions, among other factors. Then, a decision is made on whether or not countermeasures and analyses are necessary from a comprehensive perspective. In the future, we will review the assessment items and work to expand the range of products covered, as well as strengthen the development of environment-contributing products.

Main Solutions	Examples of Environmentally Friendly Products
Product development using biomass plastics Development of materials such as plant-derived resins and replacement with biomass-based materials.	TACT Switch™ made of biomass material
Magnetic technology, sensing technology Commercialization of current sensor modules for electric vehicles (EVs). Successfully reduced size and weight by using proprietary magnetoresistive technology, contributing to the realization of a decarbonized society through improved electricity costs.	Current sensors
Sensing technology, wireless communication technology, packaging technology Low cost, lower power consumption, and long-distance transmission package, 10 years of continuous operation without recharging, and seamless indoor/outdoor positioning.	MonoTra™

• Decarbonization
• Circular Economy
• Coexistence with Nature
• Pollution Prevention & Chemical Substance Management
• Environmental Policy & Implementation Structure
• TCFD-Based Information Disclosure
• Target / Result
• Environmental Data