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 May 16, 2024.

I. Background of orders received

• We globally manufacture and sell various production equipment for industries such as automobiles (EVs, internal combustion engines and hybrid), 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 entering since the fiscal year 2022 and accumulating a track record of deliveries.
• This time, our ability to handle large-scale projects based on our track record, project management skills, and numerous deliveries of battery charging and discharging equipment for EVs have been highly evaluated, leading to the acquisition of this project.
• We have established a dedicated department for this field starting from April, and we are committed to product development that meets the diverse needs of our customers and further improving quality. We will continue to strive for expanding our orders in this field in the future.

II. Overview of the order

1. Contract Amount: Approximately 5.6 billion yen
2. Contract Equipment: Charging and discharging equipment for EV batteries (4 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, is approx. 15 billion yen (total of 11 lines).

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.

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 above diagram.

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

3. Press Release in the past

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

         May 16, 2024

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

■https://www.hirata.co.jp/en/news/archives/1432