Corporate History

2001 Fuji Electric continues to evolve along with society in step Established AE Power Systems Corporation with the times, with technology as our driving force. (a joint venture with and 1991 ) • Laid down 21st Century Vision to stipulate the corporate mission and 2002 guiding principles • Introduced group brands Corporate History • Started the operation of Yamanashi factory 1923 Fuji Electric Manufacturing Co., Ltd. 1992 2003 Established • Laid down Basic Policies of the Fuji Electric on Environment Protection Changed name owing to shift Established as a capital and technology to pure holding company alliance between Japan Furukawa 1935 system 2011 Electric Co., Ltd. and German Established Fuji Tsushinki Manufacturing Co., 1994 Fuji Electric Holdings Co., Ltd. • Establishment of GE Fuji AG. The result is a company with Ltd. (present Limited) by spinning off the Established Fuji Electric Frontier Meter Co., Ltd. (a joint characteristics inherited from industry Telephone Department Company Limited (Preferential venture with General Electric) in both countries. affiliate company) Promoting employment for disabled 2006 • Changed company 1942 1961 1980 persons Started operation of solar cell factory name: Started the operation of Matsumoto factory 1973 Established Fuji Electric in Kumamoto prefecture Started the operation of Started the operation of 2010 Fuji Electric Co., Ltd. Chiba factory Corporate Research and Fuji Electric Systems (Merger of Fuji Electric Company Otawara factory 1996 Development Ltd. Fuji Electric Construction Co., Ltd. 2008 Co., Ltd., merged its Holdings Co., Ltd. with Fuji emblem, 1943 Started the operation of Fukiage and Toyoda (now Fuji Furukawa Engineering & • Established METAWATER Co., Ltd. (a Electric Systems Co., Ltd.) FS mark 1968 uninterruptible power factories 1979 Construction Co., Ltd.) joint venture with NGK Insulators, Ltd.) supply (UPS) Merged with Kawasaki Established its symbol mark 1984 1924 Denki Seizo Co., Ltd., and Changed company • Fuji Electric FA Components & operations with the • Fuji Electric Co., Ltd. Started the operation of Kawasaki 1944 commenced operations at name to Fuji Electric 1999 Systems Co., Ltd. (merged operations TDK–Lambda merged Fuji Electric Device factory Started the operation of Mie factory Kobe and Suzuka factories Co., Ltd. Introduced the company system with Japan Ltd.) Corporation Technology Co., Ltd. 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2011

1924 1930 1954 1965 1971 1981 1991 2002 2010 2011 Started manufacturing Launched • Started ultra-compact Electric propulsion system • Developed centralized Developed and commenced Developed 2.5-inch magnetic disks Established biogas-powered fuel cell • We developed a new • High-Voltage Inverter electrical machinery mercury-vapor magnetic switch fitted to Antarctic monitoring and control manufacture of electric power generation system three-level converter and with Water-Cooling rectifier production production exploration vessel Fuji systems for power utility propulsion system for 1992 Delivered Japan’s first fuel cell cogeneration a new three-level power System “FRENIC 1925 companies ice-breaking vessel Shirase • Began development of solar system (incorporating two 100kW fuel cells) module circuit, realizing 4800VM5” goes on Started transformer • Began volume production First computerized control photovoltaic cells with film powered by digested sewage sludge gas. highly efficient electric sale production of selenium rectifiers system in Japan, using the 1982 substrates power conversion In response to exploding FACOM-R mini-computer Developed 30kW phosphoric • Completed an ozone-based water 2006 1927 demand for televisions and • Started hybrid IC acid fuel cell treatment system Commenced mass production Began electric fan radios, Fuji Electric began manufacture of film substrate amorphous production the volume production of 1966 1985 1993 solar cells selenium rectifiers, Tokai nuclear power 1973 • 1st generation mini UPS • Delivered the first generator Began mass 1933 electronic components station comes on stream Selenium photoconductive “M-UPS Series” launched (600MW output) of Noshiro Power producing flexible Started expansion circuit that convert alternating current (AC) to Facility equipped with nuclear drums go into production Station amorphous solar • 140MW geothermal breaker production direct current (DC). Soon, Fuji Electric had cells based on pressure containers and other • Completed a ski lift gate system power plant, the largest an 80%-90% share of the domestic components made by Fuji Electric plastic film single-unit capacity in the selenium rectifier market. 1976 1936 Started manufacturing 1994 substrate. world, goes online Built its first general-purpose Successful launch of Japan’s first hydraulic turbine, 1955 HII rocket 2007 • inverters 4,850HP Francis Started manufacturing First in the industry to develop The launch vehicle’s power control unit Started mass production of Turbine juicers general-purpose inverters. Led is fitted with an aerospace power perpendicular magnetic Sales of juicers take off from the market in creating smaller, transistor made by Fuji Electric. recording media • around 1961 on the back of more responsive and functional Released the Full-scale mass nationwide health components, resulting in their programmable logic production of world’s movement (campaign). controller 1995 largest capacity 1967 adoption in a range of fields due Successful field experiment of the Developed earth-leakage circuit 2.5-inch glass substrate • High-speed electric to their energy-saving “MICREX-F Series” world’s first linear-motor-driven • Full-scale foray into thermal power breakers media (160GB/disk), characteristics. vertical transport systems vehicle battery charger 1937 plant business 3.5-inch aluminium goes on sale Began watt-hour meter Signed a contract with Siemens AG for 1969 substrate media production technology transfer of the steam turbine Vending machines enter 1996 (334GB/disk). manufacturing. Subsequently delivered Order won for production IGBT main the first super-critical, variable pressure Used know-how as a vendor of 2009 turbine in Japan, which was one of the refrigerated milk showcases to move conversion High-voltage drop/dip largest in the country at the time. This into vending machines. Developed transistor inverter • Developed 1,000kW devices used in compensator using a move to import European technology Delivered 230 beverage vending FRENIC 5000G phosphoric acid fuel cell electric railways lithium-ion capacitor marked a change of tack in a domestic machines to the (World’s first large-capacity flat IGBT) The world’s first embedded lithium-ion power generation market dominated 1970 Osaka capacitor realizes environmental impact • Installation and verification by US technology. 1978 1987 World Exposition, • New IC chip for auto-focus reduction in a significantly smaller package. testing of micro-grid system on Began research of amorphous 1998 prompting the solar cells cameras completed Delivered 100kW phosphoric acid outlying islands of Kyushu and 1958 wider take-up of • Developed IGBT module fuel cell Okinawa Technology and Delivered the first electronic domestically instrumentation system to a water made vending 1999 • Development of treatment plant in Japan 1989 next-generation Product History machines. Realization of EIC integrated New mini-UPS control system “J-Series” SiC module power 1959 launched semiconductor Began manufacturing silicon diodes

21 FUJI ELECTRIC CO., LTD. Corporate Prof ile 2012 22 Corporate History

2001 Fuji Electric continues to evolve along with society in step Established Japan AE Power Systems Corporation with the times, with technology as our driving force. (a joint venture with Hitachi and 1991 Meidensha) • Laid down 21st Century Vision to stipulate the corporate mission and 2002 guiding principles • Introduced group brands Corporate History • Started the operation of Yamanashi factory 1923 Fuji Electric Manufacturing Co., Ltd. 1992 2003 Established • Laid down Basic Policies of the Fuji Electric on Environment Protection Changed name owing to shift Established as a capital and technology to pure holding company alliance between Japan Furukawa 1935 system 2011 Electric Co., Ltd. and German Siemens Established Fuji Tsushinki Manufacturing Co., 1994 Fuji Electric Holdings Co., Ltd. • Establishment of GE Fuji AG. The result is a company with Ltd. (present Fujitsu Limited) by spinning off the Established Fuji Electric Frontier Meter Co., Ltd. (a joint characteristics inherited from industry Telephone Department Company Limited (Preferential venture with General Electric) in both countries. affiliate company) Promoting employment for disabled 2006 • Changed company 1942 1961 1980 persons Started operation of solar cell factory name: Started the operation of Matsumoto factory 1973 Established Fuji Electric in Kumamoto prefecture Started the operation of Started the operation of 2010 Fuji Electric Co., Ltd. Chiba factory Corporate Research and Fuji Electric Systems (Merger of Fuji Electric Company Otawara factory 1996 Development Ltd. Fuji Electric Construction Co., Ltd. 2008 Co., Ltd., merged its Holdings Co., Ltd. with Fuji emblem, 1943 Started the operation of Fukiage and Toyoda (now Fuji Furukawa Engineering & • Established METAWATER Co., Ltd. (a Electric Systems Co., Ltd.) FS mark 1968 uninterruptible power factories 1979 Construction Co., Ltd.) joint venture with NGK Insulators, Ltd.) supply (UPS) Merged with Kawasaki Established its symbol mark 1984 1924 Denki Seizo Co., Ltd., and Changed company • Fuji Electric FA Components & operations with the • Fuji Electric Co., Ltd. Started the operation of Kawasaki 1944 commenced operations at name to Fuji Electric 1999 Systems Co., Ltd. (merged operations TDK–Lambda merged Fuji Electric Device factory Started the operation of Mie factory Kobe and Suzuka factories Co., Ltd. Introduced the company system with Schneider Electric Japan Ltd.) Corporation Technology Co., Ltd. 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2011

1924 1930 1954 1965 1971 1981 1991 2002 2010 2011 Started manufacturing Launched • Started ultra-compact Electric propulsion system • Developed centralized Developed and commenced Developed 2.5-inch magnetic disks Established biogas-powered fuel cell • We developed a new • High-Voltage Inverter electrical machinery mercury-vapor magnetic switch fitted to Antarctic monitoring and control manufacture of electric power generation system three-level converter and with Water-Cooling rectifier production production exploration vessel Fuji systems for power utility propulsion system for 1992 Delivered Japan’s first fuel cell cogeneration a new three-level power System “FRENIC 1925 companies ice-breaking vessel Shirase • Began development of solar system (incorporating two 100kW fuel cells) module circuit, realizing 4800VM5” goes on Started transformer • Began volume production First computerized control photovoltaic cells with film powered by digested sewage sludge gas. highly efficient electric sale production of selenium rectifiers system in Japan, using the 1982 substrates power conversion In response to exploding FACOM-R mini-computer Developed 30kW phosphoric • Completed an ozone-based water 2006 1927 demand for televisions and • Started hybrid IC acid fuel cell treatment system Commenced mass production Began electric fan radios, Fuji Electric began manufacture of film substrate amorphous production the volume production of 1966 1985 1993 solar cells selenium rectifiers, Tokai nuclear power 1973 • 1st generation mini UPS • Delivered the first generator Began mass 1933 electronic components station comes on stream Selenium photoconductive “M-UPS Series” launched (600MW output) of Noshiro Power producing flexible Started expansion circuit that convert alternating current (AC) to Facility equipped with nuclear drums go into production Station amorphous solar • 140MW geothermal breaker production direct current (DC). Soon, Fuji Electric had cells based on pressure containers and other • Completed a ski lift gate system power plant, the largest an 80%-90% share of the domestic components made by Fuji Electric plastic film single-unit capacity in the selenium rectifier market. 1976 1936 Started manufacturing 1994 substrate. world, goes online Built its first general-purpose Successful launch of Japan’s first hydraulic turbine, 1955 HII rocket 2007 • inverters 4,850HP Francis Started manufacturing First in the industry to develop The launch vehicle’s power control unit Started mass production of Turbine juicers general-purpose inverters. Led is fitted with an aerospace power perpendicular magnetic Sales of juicers take off from the market in creating smaller, transistor made by Fuji Electric. recording media • around 1961 on the back of more responsive and functional Released the Full-scale mass nationwide health components, resulting in their programmable logic production of world’s movement (campaign). controller 1995 largest capacity 1967 adoption in a range of fields due Successful field experiment of the Developed earth-leakage circuit 2.5-inch glass substrate • High-speed electric to their energy-saving “MICREX-F Series” world’s first linear-motor-driven • Full-scale foray into thermal power breakers media (160GB/disk), characteristics. vertical transport systems vehicle battery charger 1937 plant business 3.5-inch aluminium goes on sale Began watt-hour meter Signed a contract with Siemens AG for 1969 substrate media production technology transfer of the steam turbine Vending machines enter 1996 (334GB/disk). manufacturing. Subsequently delivered Order won for production IGBT main the first super-critical, variable pressure Used know-how as a vendor of 2009 turbine in Japan, which was one of the refrigerated milk showcases to move conversion High-voltage drop/dip largest in the country at the time. This into vending machines. Developed transistor inverter • Developed 1,000kW devices used in compensator using a move to import European technology Delivered 230 beverage vending FRENIC 5000G phosphoric acid fuel cell electric railways lithium-ion capacitor marked a change of tack in a domestic machines to the (World’s first large-capacity flat IGBT) The world’s first embedded lithium-ion power generation market dominated 1970 Osaka capacitor realizes environmental impact • Installation and verification by US technology. 1978 1987 World Exposition, • New IC chip for auto-focus reduction in a significantly smaller package. testing of micro-grid system on Began research of amorphous 1998 prompting the solar cells cameras completed Delivered 100kW phosphoric acid outlying islands of Kyushu and 1958 wider take-up of • Developed IGBT module fuel cell Okinawa Technology and Delivered the first electronic domestically instrumentation system to a water made vending 1999 • Development of treatment plant in Japan 1989 next-generation Product History machines. Realization of EIC integrated New mini-UPS control system “J-Series” SiC module power 1959 launched semiconductor Began manufacturing silicon diodes

21 FUJI ELECTRIC CO., LTD. Corporate Prof ile 2012 22