In 1964, Japan's Tokaido Shinkansen (bullet train) line was the world's first commercial-service, high-speed railway operating at more than 200 km/h. Since then, the Tokaido Shinkansen has demonstrated itself as a successful business and technological advancement. Historically, the Japanese high-speed train system, the Shinkansen, has employed a power-distributed system, an electric multiple-unit (EMU) system, with many advantages such as low axle load and good traction and braking performance. High-speed EMUs take advantage of technological innovations such as electronic technology. An innovative alternating current (AC) drive system, comprising a power converter with a gate turn-off thyristor and AC asynchronous motors, brought a high-performance and lightweight traction system to high-speed EMUs in the 1990s. In EMUs, traction system equipment can be distributed over a train set, and tractive axles throughout the train set can obtain required tractive force without putting a heavy load on the axle. Thus, maximum axle load is reduced, and a lightweight, high-performance train results. Furthermore, recent innovations, such as low switching loss power devices and high-power permanent magnets, have improved AC drive systems of high-speed EMUs of the 21st century. Features and advantages of high-speed EMU systems on the Shinkansen are described, as are recent technological innovations that have given birth to light-weight traction systems, such as the permanent magnet synchronous traction motor and power converters with train-draft-cooling systems. Environmentally friendly aspects of these innovative EMUs are introduced as well.