TOMITA ELECTRIC CO.,LTD.
Climate Impact & Sustainability Data (2023-02-01 to 2024-01-31)
Reporting Period: 2023-02-01 to 2024-01-31
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- ISO14001 certification obtained in 2004 and maintained; continuous improvement activities for environmental performance; focus on pollution prevention, waste reduction, and reduction of environmental burden.
Social Achievements
- Employee evaluation system based on objective criteria, regardless of gender, age, or nationality; provision of training opportunities tailored to individual needs; promotion of women's participation in various training programs; aiming for 20% female management representation.
Climate Goals & Targets
Medium-term Goals:
- Aiming for 20% female management representation.
Environmental Challenges
- Slow recovery of the Chinese market; intense global competition; economic uncertainty due to geopolitical instability, energy and resource price fluctuations, global inflation, and rapid exchange rate fluctuations; severe price competition in the electronics components industry; difficulty in accurately predicting returns on investment in new materials and product development; rising non-ferrous metal prices; potential impact of natural disasters and power outages; potential impact of changes in Chinese laws, taxes, and regulations.
Mitigation Strategies
- Focus on cost reduction, quality improvement, and high-performance product development; efforts to improve the quality and reduce costs of overseas production facilities; seeking new orders in EV, information and communication, industrial equipment, medical equipment, and energy-saving/environmental fields; promotion of quality improvement and manufacturing equipment renewal, labor-saving, and automation; promotion of material development aimed at high reliability and high efficiency; regular review of investment securities; BCP and crisis management reinforcement; consideration of CSR in business activities.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ISO14001
Sustainable Products & Innovation
- Development of high-performance ferrite cores for 5G, EVs, AI, RFID, and other advanced applications; development of energy-efficient ferrite cores.