Key Risks and Opportunities

  Key Risks 
Key Opportunities
 
Risk Factors Key Risks / Key Opportunities Response Methods
・Shrinking digital camera market
・Reliance on Photographic Products Business
・Reliance on specific customers
  1. Expanding contraction of the digital camera market due to increasing functionality of smartphone cameras
  2. Reliance on Photographic Products Business
  3. Reliance on specific customers
  4. Growth in the mirrorless camera market
  5. Growth in the industrial camera market
  1. ・ Sales strategy specializing in interchangeable lenses for mirrorless cameras
  2. ・Expanding sales in the growing market for industrial lenses
  3. ・ Actively investing in new businesses
・Product supply and demand
  1. Fluctuating product prices, too much or too little inventory
  1. ・ Properly responding to fluctuating demand in each region and controlling production
・Climate change
  1. Damage to corporate value through inability to respond to the shift to a decarbonized society
  2. Impact on production activities due to damage to plants in Japan or overseas
  3. Burden from carbon taxes and renewable energy purchase costs
  4. Increased order opportunities due to responding to decarbonized society at an early stage
  1. ・ Setting CO2 emissions reduction targets in formulating the Environmental Vision 2050, and strengthening related initiatives
  2. ・ Action and continual improvement based on business continuity planning (BCP) in Japan and overseas
  3. ・ Ascertaining and responding to risks and opportunities based on analyses of the 2℃ scenario and 4℃ scenario
・Risks unique to the interchangeable lens business
  1. Defects due to improper matching between lenses and cameras
  1. ・ Quality assurance inspections before product shipments
  2. ・ Handling the overwriting of firmware after shipping
・Rapid technological innovation
  1. Decline in competitiveness when the development of cutting edge technologies or their application in products is not advanced as scheduled
  2. Obtaining growth opportunities through the development of revolutionary technologies
  1. ・ Creation of new businesses through the Opto-Science R&D Center
  2. ・ Open innovation between industry, academia and government
・Investment in new businesses
・Investment in M&A activities, etc.
  1. Failures to investment in R&D and capital investment for new businesses
  2. Failures to establish business alliances or acquire companies to strengthen business
  3. Actively tackling M&A activities utilizing a robust financial structure
  4. Building the foundations of growth through new management acquisitions
  1. ・ Strategies aimed at the full-scale commercialization of medical products
  2. ・ Engaging in analysis and discussion in the Management Meeting and Board of Directors from a range of perspectives including market trends, strategy, acquisition prices and potential risks
・Product quality and safety
  1. Damage to brand value due to declining product quality or defects
  1. ・Building and improving quality assurance systems compliant with ISO9001, ISO13485 and IMTF16949
  2. ・ Taking action and preventing release when quality defects occur
・Securing human resources
  1. Impact on new hires and continuing employment due to intensifying competition to hire and retain talented human resources
  2. Obtaining growth opportunities by hiring and retaining the employment of talented human resources that fit the mold of the ideal employees Tamron is looking for
  1. ・ Job-specific hiring, positional and grade systems, systems to solicit positional applications internally
  2. ・ Creating a comfortable workplace environment by promoting a healthy work-life balance and diversity
  3. ・ Promoting health and productivity management
・Information security
  1. Leaking of corporate information and personal information due to damaged information system functions caused by computer viruses and the like
  1. ・ Developing information security systems
  2. ・ Implementing management based on an information security policy
・Geopolitical risks
  1. Experiencing various impacts due to global political, social and economic trends
  1. ・ Continually monitoring the global political, social and economic climate to analyze the impact in relation to corporate activities
・COVID-19 coronavirus infections, etc.
  1. Impact on the safety of employees due to the spread of coronavirus infections, and various impacts on business activities
  1. ・ Development of work-at-home and telework environments
  2. ・ Action and continuous improvements through business continuity planning (BCP) in Japan and overseas
・Compliance
  1. Impact on the safety of employees due to the spread of coronavirus infections, and various impacts on business activities
  1. ・ Determination and promotion of policies by the Compliance Committee
  2. ・ Disseminating and ensuring observance of the Compliance Code of Conduct