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Risk Management

Approach to Risk Management

The Group enacted Risk Management Regulations for the purpose of contributing to the stable corporate growth of the TAMRON Group through risk management that implements measures for preventing or systematically mitigating risks over the short, medium, and long terms, and established a Risk Management Committee that makes decisions and deliberates on basic matters and policies regarding the promotion of risk management.
We have established the Risk Management Review Committee as a body subordinate to the Risk Management Committee. Its roles are to identify risks within the Group and to study preventive or mitigation measures to address these risks that may have a major impact on the Group or cause it to incur significant damage. Through these activities, we understand the changes in the external environment and the status of response measures within the Group to review these measures and improve their effectiveness.

Management Methods and Priority Action Themes

We treat business risks and opportunities as key elements of our management strategy. We have established a centralized management system in which the Risk Management Committee evaluates risks across each department on a five-point scale and implements critical measures after reporting and deliberation by the Board of Directors. Group-wide risks are reviewed annually, and the Board of Directors provides regular oversight to assess potential impacts and strengthen our management foundation.
In 2025, we identified five key matters to be addressed*—“Improving Governance,” “Strengthening Responses to Geopolitical Risks,” “Improving BCP,” “Strengthening Information Security,” and “Strengthening Sustainable Supply Chains”—and developed and implemented corresponding measures.
* Key matters to be addressed: Matters that need to be address by the whole company (e.g., through cross-departmental actions and support for resources) in view of their increasing impact or likelihood, the progress of response actions, and other factors

Risk Management System

Risks and Opportunities

Tamron analyzes risks and opportunities from multiple perspectives and aims to achieve sustainable enhancement of corporate value through appropriate responses. Toward the realization of our new Long-term Vision, “Capture, Measure, Connect—Creating a Healthier Future for People and Nature,” we will accelerate the development of a resilient management foundation and the creation of new market value by implementing specific response measures for each risk and opportunity.

Factors Risks Opportunities Time frame Response measures
Short Medium Long
  • ・Shrinking digital camera market
  • ・Reliance on the Photographic Products business
  • ・Reliance on specific customers
  • ・Contraction of the whole digital camera market
  • ・Reliance on the Photographic Products business and specific customers
  • ・Growth in the mirrorless camera market
  • ・Growth in the industrial camera market
 ● ●
  • ・In consideration of the market environment in which mirrorless cameras have become mainstream, we are actively promoting the launch of new interchangeable lenses compatible with mirrorless cameras.
  • ・We will expand our business into industrial and new fields, including surveillance, automotive applications, and healthcare components while strengthening partnerships with existing customers and developing new customers in parallel.
  • ・Rapid technological innovation
  • ・Decline in competitiveness when the development of cutting-edge technologies or their application in products is not advanced as scheduled
  • ・Obtaining growth opportunities through the development of revolutionary technologies
 ● ●
  • ・We will strengthen development and intellectual property strategies based on medium- to long-term technology road maps and promote open innovation to enable the early application of cutting-edge technologies.
  • ・Investment in new businesses
  • ・Investment in M&A activities
  • ・Failure to invest in R&D and capital investments for new businesses
  • ・Actively tackling M&A activities utilizing a robust financial structure
  • ・Building the foundations of growth through new management resources acquisitions
 ● ●
  • ・We will make investment decisions that respond promptly to market changes by flexibly shifting internal resources and efficiently utilizing external resources.
  • ・We will identify and resolve issues at an early stage by verifying strategy and validity from multiple perspectives before implementation and conducting regular monitoring after implementation.
  • ・Product supply and demand
  • ・Product price fluctuations and excess/insufficient inventory
  • ・Lack of procurement of glass materials
 ●
  • ・We regularly hold cross-company meetings on inventory status and outlook to optimize inventory levels, while promptly implementing measures such as multiple sourcing, securing alternative suppliers, and alternative procurement through design changes.
  • ・Geopolitical risks
  • ・Expanding various impacts due to global political, social, and economic trends
 ● ● ●
  • ・We continuously monitor and analyze global political, social, and economic conditions, and minimize their impact by identifying and analyzing potential effects on corporate activities.
  • ・Climate change and global environmental issues
  • ・Impact on production activities due to damage to plants in Japan or overseas
  • ・Burden from carbon taxes and renewable energy purchase costs
  • ・Increased order opportunities due to responding to decarbonized society at an early stage
  • ・Growing demand for products that save resources, save energy, and achieve low carbon emissions
 ● ●
  • ・We will promote the reduction of CO2 emissions based on our Environmental Vision 2050. At the same time, we will formulate and continuously improve BCPs at sites in Japan and overseas.
  • ・Securing human resources
  • ・Impact on new hires and continuing employment due to intensifying competition to hire and retain talented human resources
  • ・Recruiting competent personnel to gain opportunities for growth
 ● ●
  • ・We will enhance our human resources systems, including job-specific recruitment systems, role-based grading systems, and internal job posting systems. We will also develop a comfortable working environment by promoting work-life balance and diversity, and advance health management.
  • ・Complicity in human rights abuses
  • ・Boycotts due to direct or indirect complicity in human rights abuses, impact on corporate activities due to legal violations
  • ・Enhancing corporate value through management that emphasizes human rights
 ● ●
  • ・We will make policy decisions through the Compliance Committee and ensure thorough dissemination. In addition to complying with laws and regulations, we will practice fair conduct that conforms to social norms.
  • ・Risks unique to the interchangeable lens business
  • ・Defects due to improper matching between lenses and cameras
 ●
  • ・We will further enhance quality assurance inspections and promptly support products already shipped through measures such as free firmware updates.
  • ・Product quality and safety
  • ・Damage to brand value due to declining product quality or defects
  • ・Growing demand for a sustainable supply of high-quality products
 ● ●
  • ・We will continuously strengthen our quality assurance system. In the event of quality defects, we will promptly implement countermeasures and thoroughly prevent recurrence and outflow, thereby maintaining trust.
  • ・Information security
  • ・Leaking of corporate information and personal information due to damaged information system functions caused by computer viruses and the like
 ● ●
  • ・We will establish an information security system and thoroughly implement strict information management and employee education based on our information security policy.
  • ・Compliance
  • ・Damage to corporate value due to corporate behavior that violates laws or diverges from social norms, such as infringements upon intellectual property rights, bribery, and so on
 ● ●
  • ・In addition to promoting initiatives through the Compliance Committee, we will conduct investigations, negotiations, and applications related to intellectual property rights as appropriate, thereby preventing legal disputes before they occur.

Risk Management System

Risk Management System

Business Continuity Planning (BCP) Initiatives

TAMRON has established “Emergency response regulations,” “basic business continuity plan” and other rules to minimize damage and ensure business continuity and an early recovery from key risks such as major earthquakes, and is continuously improving its risk management system.

Disaster Response Headquarters Training

In recent years, experts have predicted the possibility of a major earthquake occurring in Japan.
At Tamron, one of our key risk management priorities is the enhancement of our Business Continuance Plan (BCP), to ensure we are prepared to respond effectively to uncertain situations.

Recognizing that training is as vital as everyday preparedness, Tamron’s headquarters regularly conducts emergency response drills, based on a scenario in which a large-scale disaster strikes the Tokyo metropolitan area. The Disaster Response Headquarters, led by the head and supported by senior executives, carries out scenario-based training, starting with damage assessment, ensuring that the team can make accurate judgement and decisions, even under the chaotic conditions following a disaster.

Disaster Response Headquarters Training

Targets and Results

Key Sustainability Issues 2025 targets 2025 results
Strengthening business continuity management (BCM) Review of corporate BCP and business BCP Review and implementation of corporate BCP and business BCP

Sustainability