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Integrated Report 2020 EIZO Integrated Report 2020 02 History of EIZO Value Creation 2002 Healthcare (HC)

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Integrated Report 2020 EIZO Integrated Report 2020 02 History of EIZO Value Creation 2002 Healthcare (HC) 2020 EIZO INTEGRATED REPORT Visualizing a better tomorrow for all Corporate Philosophy Through the pursuit of imaging solutions with advanced technologies, we enrich people in their professional CONTENTS and personal lives. Corporate Philosophy / EIZO Group Principles of Conduct 01 Our Value Contents / Editorial Policy 02 Creating the World’s Best 31 Products and Business Operations that Consistently 39 Reduce Environmental Impacts Our Story Creating an Environment for Employees to 45 History of EIZO Value Creation 03 Demonstrate Their Abilities and Thrive EIZO Group Principles of Conduct – Seven Promises Highlights by Business Market 07 Strong Bonds of Trust with Our Stakeholders 51 CEO Commitment 09 Value Creation Process 13 1. We will supply high-quality products and services loved by customers Governance through creating and offering new value by unique technologies and ideas. Corporate Governance 57 Our Strategy 2. We will promote our manufacturing and business activities in consideration 6th Mid-Term Business Plan 15 of reducing their environmental burdens. Corporate Overview Value Creation by Market 17 3. We will act as an international corporation with a global outlook and Corporate Information 64 Foundation for Sustainable Growth 27 Financial Information 66 mindset. Performance Data 69 4. We will conduct open and fair trade. 5. We will seek to build and maintain strong bonds of trust with our stakeholders (business partners, employees, shareholders, and the local Editorial Policy community). 6. We will strictly respect and comply with both the letter and the spirit of the In the interest of providing an insightful report for our shareholders, investors Date of Publication and other stakeholders on the EIZO Group’s mid- and long-term initiatives to August 2020 (previous report: October 2019, next report: August 2021) enhance our corporate value by integrating financial information including law as a good corporate citizen. Scope of the Report business performance and non-financial information including business strategy • Organizations covered 7. We will respect basic human rights and value a broadminded corporate as well as the environment, society, and governance (ESG) issues, we now EIZO Group publish the Integrated Report as a replacement for the CSR Report. culture. (Exceptions to the scope of coverage are explained in the relevant sections.) Reference Guidelines • Reporting period April 1, 2019 to March 31, 2020 EIZO Group Principles of Conduct – Seven Promises is published in its entirety on our website. International Integrated Reporting Council “International Integrated Reporting (Dates for content on activities that occurred outside the period covered by the https://www.eizoglobal.com/company/information/conduct/ Framework” Ministry of Economy, Trade and Industry (Japan) “Guidance for Integrated report have been clearly stated.) Corporate Disclosure and Company-Investor Dialogues for Collaborative Value Website Creation” https://www.eizoglobal.com/ GRI Sustainability Reporting Standards 2016/2018 Contact Information Ministry of the Environment (Japan) “Environmental Reporting Guidelines 2018” Investor Relations Phone: +81-76-275-4121 Disclaimer on Forward-Looking Statements Any statement in this report, other than those of historical fact, are forward-looking statements about the future performance of EIZO Corporation and its group companies, which are based on management’s assumptions and beliefs in light of information currently available. These statements include apparent or potential risks and uncertainties including forex impact and risks related to supply and demand. Actual results may differ materially from these forecasts. 01 EIZO Integrated Report 2020 EIZO Integrated Report 2020 02 History of EIZO Value Creation 2002 Healthcare (HC) Since our foundation in 1968, more than 50 years ago, we have been exclusively focused on visual imaging technologies. Creative Work (CW) As exemplified by our Business & Plus (B&P) product line, the backbone of Our Story our products, we have been delivering solid value that contributes to social 2003 development by creating solutions that capture the changing times. Vertical & Specific (V&S)* Air Traffic Control (ATC) * For Mission Critical Environments. As a Visual Technology Company, EIZO will continue to provide imaging 2008 solutions that enrich future society. Security & Surveillance (S&S) 2009 Strategy Our Maritime (MRT) 2012 Compliant with MIL standards* 2019 Our Value * U.S. defense standards and assessment guidelines used to achieve standardization objectives by the Department of Defense. Black and White TVs CRT Monitors LCD Monitors 1997 1968 1985 Business & Plus (B&P) Governance Tabletop Gaming Home Entertainment Monitors 2004 LCD TVs Corporate Corporate 1978 Amusement (AMU) Overview ©SANYO BUSSAN CO., LTD. EIZO’s Origins Creating the Brand From CRT to LCD Business Expansion (Specific Markets / Sales Structure) Toward Further Growth • In 1968, Nanao Electric Co., Ltd. (currently EIZO EIZO decided to withdraw from OEM production • EIZO was listed on the Second • In 2013, the company name MS Corporation) in Nanao City, Japan began as and began selling CRT monitors under the EIZO Section of the Tokyo Stock was changed from EIZO Nanao an original equipment manufacturer (OEM) of brand name in Europe. This was followed by Exchange in 2002 and on the First Corporation to EIZO Corporation. black and white televisions. sales of its NANAO brand CRT monitors in North Section in 2003. The new name embodies our • In 1973, Nanao Corporation (formerly Hakui America and Japan. • EIZO entered the Healthcare and continued commitment to “EIZO” Electric Corporation) started, a predecessor of Creative Work markets. (Japanese for “Image”)—Visual • EIZO accelerated business by EIZO Corporation. Imaging Technologies. acquiring organizations overseas • Looking beyond providing only (including manufacturers), which monitors, EIZO is strengthening its demonstrated a high affinity with • In 1996, EIZO discontinued using capabilities to also provide complete specific markets. the NANAO brand, adopted end-to-end visual imaging solutions. “EIZO” as its global brand name • EIZO strengthened worldwide and introduced a new EIZO logo. production and sales structures Amid the transition from black and white to • In 1997, EIZO developed and by establishing a manufacturing color TVs, EIZO began OEM production of other manufactured LCD monitors, facility in China and commencing products related to visual imaging, including bringing one of the first ever LCD direct sales in Europe. tabletop gaming monitors and VTRs. products to market. See pages 5 and 6 for details. 03 EIZO Integrated Report 2020 EIZO Integrated Report 2020 04 History of EIZO’s Value Creation EIZO’s Expansion—A Stronger Group EIZO have been steadily expanding its business domains and establishing a sales network that responds to user demands and needs Our Story by aggressively embracing M&A and other expansion strategies. All EIZO Group companies are collaborating to develop business globally. Our Strategy Our Members of EIZO Rugged Solutions EIZO Limited moved to Ascot in 2019 Members of EIZO AG (2019) Inc. (2019) EIZO Technologies GmbH 2000 2010 EIZO Europe GmbH (with 5 branch oces) EIZO Nordic AB 2018 Carina System Co., Ltd. (Japan) EIZO Limited Acquired the developer and business of system Expand and Reinforce Business Domains solutions for operating rooms, including technologies EIZO GmbH for image capture, recording, and distribution. (with 1 branch oce) Our Value EIZO Corporation 2016 EIZO Corporation acquired the operating EIZO Inc. (including 6 other room and endoscope monitor business of companies in Japan) 2007 EIZO GmbH Panasonic Healthcare Co., Ltd. of Japan. Healthcare Market EIZO Rugged Solutions Inc. EIZO Display Technologies (Germany) (Suzhou) Co., Ltd. Acquired the medical monitor business of Siemens AG. EIZO AG 2015 EIZO Medical Solutions Inc. (Japan) Acquired the medical system integration business from 2009 EIZO Technologies GmbH (Germany) Imation Corporation through the wholly owned company EIZO Saudi Arabia EIZO Medical Solutions Inc. (now EIZO Corporation). Regional Sales Oce Acquired the air traffic control and industrial monitor businesses and EIZO Group (R&D, Manufacturing, monitor control board business of ● Governance and Sales & Marketing) eg-electronic GmbH. ● EIZO Group (Sales & Marketing) ● EIZO Authorized Distributors 2007 V&S Market ■ Countries Where EIZO Products Are Sold EIZO Rugged Solutions Inc. (U.S.A.) Acquired the company developing and 2010 EIZO Display Technologies (Suzhou) Co., Ltd. (China) Manufacturing and manufacturing graphics boards for air Established to manufacture and sell products for the sales targeting the traffic control, military and defense, and Chinese market. Chinese domestic command and control markets. market 1990 Corporate Corporate Overview 1985 Established Nanao USA Corporation (currently EIZO Inc.) Strengthening Sales 1985 Rein Elektronik GmbH Flexible sales Launched CRT monitors for computers in (Distributor, Germany) 2012 policy based on 1985 under our brands of EIZO in Europe Signed an exclusive (Business succession by Raab Raab Karcher Elektronik Group (Business Succession by a direct sales Karcher Elektronik Group) (Distributor) the Avnet Group) Acquired Avnet Group’s European and NANAO in North America. Distribution Agreement. Avnet Group (Distributor) structure Germany, the Netherlands, EIZO operations establishing a direct Belgium, Italy, Austria,
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