Key Risks and Opportunities
Risk (crisis management)
The CSR theme "Risk" is based on the following policy.
"TAMRON prepares against risks that could threaten civic life or corporate activities, and does the utmost to prevent such risks from occurring. Should any such crisis occur, we will make every effort to minimize damage and loss, effect a swift recovery, prevent recurrences and fulfill our social responsibility."
We manage risks by implementing risk management from both the risks and growth opportunities that should be prepared for our sustainable growth.
Related SDGs
11.bBy 2030, provide access to safe, affordable, accessible and sustainable transport systems for all, improving road safety, notably by expanding public transport, with special attention to the needs of those in vulnerable situations, women, children, persons with disabilities and older persons
Key Risks and Opportunities
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●Key Risks and Opportunities ●Key Opportunities |
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| Risk Factors | Key Risks / Key Opportunities | Response Methods |
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●Contraction of the digital camera market ●Reliance on Photographic Products Business and specific customers ●Growth in the mirrorless camera market ●Growth in the industrial camera market |
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●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 |
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●Failures to investment in R&D and capital investment for new businesses ●Actively tackling M&A activities utilizing a robust financial structure ● Building the foundations of growth through new management resources acquisition |
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●Fluctuating product prices, too much or too little inventory ● Lack of procurement of glass materials |
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●Expanding various impacts due to global political, social and economic trend |
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●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 |
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● Impact on new hires and continuing employment due to intensifying competition to hire and retain talented human resources ● Obtaining growth opportunities by hiring and retaining the employment of talented human resources |
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● Impact of stagnant economic activity on business performance ● Impact of decreasing demand on production activities ● Impact on health and safety of employees and stakeholders |
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●Boycotts due to direct or indirect complicity in human rights abuses, impact on corporate activities due to legal violations |
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●Defects due to improper matching between lenses and cameras |
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● Damage to brand value due to declining product quality or defects |
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● Leaking of corporate information and personal information due to damaged information system functions caused by computer viruses and the like |
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●Damage to corporate value due to corporate behavior that violates laws or diverges from social normal, such as infringements upon intellectual property rights, bribery, and so on |
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Risk Management System
The political and economic conditions surrounding TAMRON, along with the broader business environment, are changing with each day. TAMRON implements risk management and controls risks based on both aspects, namely the risks that need to be prepared for to ensure TAMRON's sustained growth, as well as growth opportunities themselves.
We recognize a wide range of risks as key management issues. The CSR Committee, which is chaired by the president and comprises all officers and managers of division as members, deliberates and makes decisions about TAMRON's basic policy on risk response and other important matters. The committee also reports to the Board of Directors as appropriate. Risks and opportunities recognized as key management issues are implemented through the “Basic Policies and General Principles” of the mid-term management policy and through the management plans of each division. Each division then builds a management system to perform administration of the policies. In terms of CSR, important issues are recognized as priority CSR issues. For these, we set management targets and monitor our progress on the issues periodically through quarterly CSR Committee meetings.
Action items and important indicators
| FY2021 Target | Results | Measure |
|---|---|---|
| Simulation of disaster | Simulation of disaster | Addition of stockpile, review of training plan |
