Announcement of Receipt of a Purchase Order for Charging and Discharging Equipment for EV batteries

Management

2024.05.16

Hirata Corporation is pleased to announce that we have recently been awarded a purchase order for charging and discharging equipment for electric vehicle (EV) batteries, following the previous announcement made on January 9, 2024.

I. Background of orders received

  • We globally manufacture and sell various production equipment for industries such as automobiles (EVs and internal combustion engines), semiconductors, and home appliances. In the automotive field, in addition to internal combustion engine-related equipment, we have been involved in EV-related production equipment since the fiscal year 2016.
  • Regarding the charging and discharging equipment for EV batteries, we have been actively receiving orders since the fiscal year 2022.
  • The ability to respond to large-scale projects supported by our previous order history and our track record of delivering charging and discharging equipment for EV batteries have been recognized, leading to this current contract.
  • We will continue to strive for product development and quality improvement to meet the needs of our customers and expand our orders in this field.

II. Overview of the order

  1. Contract Amount: Approximately 2.5 billion yen
  2. Contract Equipment: Charging and discharging equipment for EV batteries (2 lines)
  3. Customer: The customer name will not be disclosed due to confidentiality obligations. (There are no capital or personnel relationships to disclose between the customer and our company, and this transaction does not involve any related parties.)
  4. Production base: Kanto Factory (Utsunomiya City, Tochigi Prefecture)
  5. Cumulative Order Amount: The cumulative order amount for charging and discharging equipment for EV batteries, including this contract, since the fiscal year 2022, exceeds 9 billion yen (total of 7 lines).

*Please note that we generally disclose contracts with an order amount of around 5 billion yen or more. However, we are disclosing this particular contract as it is an EV-related project of significant societal interest.

(For Reference)

1. What is the "Charging and Discharging Process"?

The final process in the battery cell manufacturing. In this process, the assembled cell (battery) undergoes repeated charging and discharging to activate the battery (giving it its functionality as a battery).

2. Hirata's Area of Responsibility in EV Battery Manufacturing Process

The general EV battery manufacturing process and the specific area that we are responsible for are shown in the diagram.

We have a track record of receiving orders for the "Module Process" and "Packaging Process" from domestic, North American, and European automakers. In the future, we will also focus on acquiring orders for the upstream "Roll Process" and "Assembly process".

3. Press Release on January 9, 2024

■Announcement of Receipt of a Large-Scale Purchase Order for Charging and Discharging Equipment for EV Batteries

https://www.hirata.co.jp/en/news/archives/1431

III. Impact to Business Performance

This project will recognize sales in accordance with the progress of the construction. Therefore, a portion of the sales from the above contract will be reflected in the current fiscal year's performance forecast, while some will contribute to the performance of future fiscal years.

IV. Company Overviewview
Company Name Hirata Corporation
Headquarters 111 Hitotsugi, Ueki, Kita, Kumamoto, 861-0198 Japan
Representatives Yuichiro Hirata, President
Date Established December 29, 1951
Capital 2,633 million yen
Fields of business Manufacture and sales of various manufacturing line systems, Industrial robot and logistic equipment
Stock Exchange Listings Tokyo Stock Exchange, Prime Market (Code:6258)
Employees Consolidated 2,323
Non-Consolidated 1,419 *March 31, 2024
Plants, business offices 7 locations in Japan(4 in Kumamoto, 1 each in Tochigi, Shiga, Tokyo)
Subsidiary Company 3 companies in Japan (2 in Kumamoto, 1 in Tokyo)
9 companies overseas (America, Mexico, Germany, Singapore, Thailand, Malaysia, 2 in China, Taiwan)
Website

https://www.hirata.co.jp/en/