Forecasts

The economic trends in 2024, both domestically and internationally, remain uncertain with global high inflation, sustained high policy interest rates across nations, China’s real estate issues, prolonged Russia-Ukraine conflict, and armed conflicts between Israel and Palestine.

In our related markets, the interchangeable lens camera market is expected to maintain stability with the resilience of mirrorless cameras, while the decline in DSLR cameras continues. Despite a flat trend in quantity-based figures compared to the previous period, the market is anticipated to increase in terms of value due to the strong performance of high-value-added products. The interchangeable lens market is expected to follow a similar trend. In surveillance camera market, inventory adjustments at camera manufacturers are gradually calming down. The industrial market for automotive cameras, etc. is expected to continuous high growth, as ADAS (Advanced Driver Assistance Systems) for autonomous driving become more widespread.

In this situation, our group aims to achieve continued revenue growth through the proactive market introduction of our own branded interchangeable lenses for mirrorless cameras, which continue to lead the market. We also plan to achieve double-digit revenue growth in our focus areas, lenses for FA (factory automation) cameras and automotive cameras. Additionally, we anticipate the recovery of the surveillance camera lens and camera module demand with the resolution of inventory adjustments at camera manufacturers. Simultaneously, we will execute strategic investments for creating future business opportunities and ensuring sustained growth in the medium to long term.

The assumped exchange rate for the forcast: USD/JPY=140JPY, EUR/JPY=152JPY