Climate Change Data

Environmental Metrics

ESG Focus Areas

• CSR

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• CSR

Climate Goals & Targets

Environmental Challenges

• Order delays resulting in 2006-09 performance falling short of expectations.

Mitigation Strategies

• Cost reduction through production reform and increased investment in overseas operations.
• Revised sales target for 2008-09 to 67 billion yen (from 77 billion yen), with the original target rescheduled for 2009-09.
• Clarified shareholder return policy by changing the dividend payout ratio target to a fixed dividend of 6 yen per share (from a target payout ratio of 15% or more).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Started in-house production of all-weather chambers (constant temperature and humidity chambers). Developed a small vibration simulator combined with a test chamber (first in its class globally) and a migration test chamber.

Social Achievements

• Increased employee count by 19 (including temporary employees), mainly in the chamber business division. Increased community investment through the opening of a showroom in Osaka and planned opening of a Nagoya test lab.
• Increased overseas inquiries, particularly from BRICs countries (approximately 1 billion yen increase compared to the previous year).

Governance Achievements

• Revised organizational structure, including the establishment of an executive officer in charge of technology, development, and production to promote overall optimization. Reorganized sales department and strengthened sales support and promotion.

Climate Goals & Targets

Environmental Challenges

• Sales of vibration simulation systems and measuring systems fell short of plan, resulting in lower-than-expected overall sales (2,725 million yen compared to the initial forecast of 3,021 million yen). Increased strategic costs due to human resource investment (65 million yen increase) and research and development investment (42 million yen increase).

Mitigation Strategies

• In-house production of all-weather chambers. Development of a small vibration simulator combined with a test chamber and a migration test chamber. Strengthened development and production efficiency by consolidating research and development and production functions in Osaka. Active business development to increase overseas demand.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• All-weather chambers, small vibration simulator, migration test chamber

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Production system and cost reduction
• Human resource development and strengthening of management system
• Strengthening of research and development system
• New businesses and overseas expansion
• Improvement of financial structure
• Return to shareholders
• Outsourcing of production
• Increased debt due to headquarters and production base acquisition
• Seasonal fluctuations
• Decrease in domestic demand
• Fluctuation risk of exchange rate

Mitigation Strategies

• Innovation in production technology and establishment of measurement technology to strengthen production functions, cost reduction through collaboration with partners from the design stage.
• Language education for existing personnel and strengthening recruitment activities for personnel with overseas experience, active capacity development education.
• Strengthening research and development system, promoting research and development in collaboration with domestic and foreign research institutions, realizing "environmental testing solution strategy".
• Expansion into new business fields, strengthening research and development and marketing functions through alliances with major companies, building sales, service, and production systems jointly with local companies.
• Improving financial structure by reducing interest-bearing debt and improving the equity ratio.
• Stable and continuous dividend payments while securing internal reserves for future business development and strengthening of management structure.
• Securing multiple outsourcing partners.
• Securing additional operating funds in consideration of the possibility that the global spread of COVID-19 will affect the company's business environment.
• Increase sales to government agencies.
• Actively promoting overseas sales expansion and responding to new testing needs in next-generation energy and electric vehicles.
• Actively promoting overseas sales expansion and responding to new testing needs in next-generation energy and electric vehicles.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Predictive maintenance
• Earthquake monitoring
• Energy-efficient product development
• Cloud service provision
• Sustainability

Environmental Achievements

• Development of energy-efficient testing equipment (eco-shaker) reducing power consumption and CO2 emissions.
• Release of iMV cloud, enabling remote monitoring and reducing the need for on-site visits.

Social Achievements

• Contribution to society through predictive maintenance and earthquake monitoring.
• Cloud service provision contributing to reduced manpower needs and flexible work styles for customers.

Governance Achievements

• Strengthening of internal control systems and compliance.
• Implementation of an ESG-linked compensation system for directors (although it did not result in payouts this period due to unmet targets).

Climate Goals & Targets

Environmental Challenges

• Global rise in energy prices due to the war in Ukraine.
• Global supply chain disruptions.
• Slow recovery of capital investment in the domestic automotive industry.
• COVID-19 impact on sales of earthquake monitoring equipment in the Philippines.
• Shortage of electronic components affecting sales of vibration measurement equipment.

Mitigation Strategies

• Focus on cost reduction through value analysis in the design phase.
• Strengthening production capabilities through innovation in production technology and measurement technology.
• Global talent development through language education and recruitment of experienced personnel.
• Strengthening research and development capabilities and collaboration with external research institutions.
• Expansion into new business areas through partnerships and internal project initiatives.
• Strengthening management systems to ensure compliance with corporate governance codes and timely and accurate information disclosure.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Energy-efficient testing equipment (eco-shaker)
• iMV cloud

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental responsibility
• Social sustainability
• Corporate governance
• Human rights
• Diversity & Inclusion

Environmental Achievements

• Development of energy-efficient products
• Reduced environmental burden through development of energy-saving products

Social Achievements

• Expansion of predictive maintenance and seismograph businesses to address social issues in a declining population society
• Opening of IMV America, Inc. Service Center in August 2023 to provide prompt and accurate service and expand business

Governance Achievements

• Strengthening of internal control system for group management and governance establishment
• Increased board member limit from 7 to 10
• Implementation of performance-linked stock compensation for directors

Climate Goals & Targets

Environmental Challenges

• Global economic uncertainty, rising resource and raw material prices, changes in monetary policy
• Supply chain disruptions (electronic components and semiconductors)
• Cost increases due to raw material prices, electricity costs, and transportation costs
• Maturity of existing markets

Mitigation Strategies

• Focus on production technology innovation and measurement technology establishment to strengthen production system
• Value analysis and continuous improvement from the design stage, strengthening partnerships with external partners for cost reduction
• Active recruitment and promotion of necessary personnel, strengthening human resource development through training programs, creating a culture of challenge, and reforming the personnel evaluation system
• Strengthening research and development, promoting collaboration with research institutions, focusing on new technology exploration and market adaptability
• Strengthening management system, ensuring timely and accurate information disclosure, focusing on transparency, corporate governance compliance, and risk management
• Expansion into new business areas through partnerships with leading companies, investment in digital technologies, and marketing strategies
• Overseas expansion through close collaboration with overseas subsidiaries and local companies to explore new growth opportunities

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Energy-efficient products

Environmental Metrics

ESG Focus Areas

• Human Capital
• Risk Management
• Corporate Governance

Social Achievements

• Acquired "Silver Certification" as a health-promoting company from the Tokyo Federation of Health Insurance Societies on August 8, 2024.
• Implemented flexible work arrangements (flextime, reduced working hours, telecommuting) to support employees' work-life balance.

Governance Achievements

• Strengthened management and audit systems to enhance transparency and ensure efficient operations.
• Implemented an internal control system to prevent fraud and errors.
• Established a system for reporting and responding to anti-social forces.

Climate Goals & Targets

Environmental Challenges

• Strengthening production systems, including collaboration with external partners.
• Cost reduction across the supply chain.
• Developing human resources to adapt to globalization and changes in business structure.
• Strengthening research and development capabilities in vibration testing, measurement, and analysis.
• Strengthening management systems to maintain investor trust.
• Expanding into new business areas for sustainable growth.
• Expanding overseas operations to capitalize on growth opportunities in the electric vehicle and aerospace sectors.

Mitigation Strategies

• Focusing on innovation in production and measurement technologies to improve product quality and efficiency.
• Implementing value analysis and continuous improvement from the design stage, strengthening partnerships with external partners.
• Actively recruiting and promoting necessary personnel, implementing training programs, and reforming the personnel evaluation system.
• Strengthening research and development, collaborating with domestic and international research institutions.
• Focusing on transparency, corporate governance compliance, and risk management.
• Exploring partnerships with leading companies, investing in digital technologies, and strengthening marketing strategies.
• Strengthening sales, service, and production systems in collaboration with overseas subsidiaries and local companies.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Silver Certification as a health-promoting company

Environmental Metrics

ESG Focus Areas

• Governance
• Human Capital
• Environmental Sustainability

Environmental Achievements

• Acquired ISO14001 certification in August 2006 at the Osaka site.
• Developed energy-efficient vibration simulation systems.

Social Achievements

• Implemented a general business operator action plan aiming for work-life balance, improved productivity through efficient work styles, and reduced working hours.
• Introduced flexible work styles such as telecommuting and remote work.

Governance Achievements

• Implemented an executive officer system since January 2002 to separate decision-making and business execution.
• Regularly conducts interviews and surveys to evaluate the effectiveness of the board of directors.

Climate Goals & Targets

Environmental Challenges

• Low institutional investor ratio among shareholders, resulting in non-adoption of electronic voting platforms and English translations of meeting notices.
• Restrictions on proxy voting for institutional investors holding shares in trust bank names.
• Absence of a nomination committee or compensation committee.

Mitigation Strategies

• Future consideration of electronic voting platforms and English translations based on shareholder composition.
• Ongoing monitoring of real shareholder voting rights and consultation with trust banks as needed.
• Future consideration of establishing independent advisory committees such as nomination and compensation committees.

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Unspecified SDGs

Contribution to SDGs through product safety and reliability, aiming for sustainable society.

Sustainable Products & Innovation

• Energy-efficient vibration simulation systems