Climate Change Data

Environmental Metrics

ESG Focus Areas

• ESG management
• Sustainable development
• Social contribution
• Risk management
• Compliance

Environmental Achievements

• Not disclosed

Social Achievements

• Promoting social contribution through domestic and overseas bases and related subsidiaries
• Creating an equal and bright workplace

Governance Achievements

• Promoting management conscious of capital efficiency
• Risk management and legal compliance

Climate Goals & Targets

Environmental Challenges

• Reduction in sales due to the impact of the COVID-19 pandemic and reduced production
• Operating loss of 790 million yen due to decreased sales
• Reconstruction of domestic business
• Restructuring of North American business

Mitigation Strategies

• Implemented a capital and business alliance with Tey-S Tech Co., Ltd. to strengthen technology and R&D, cost competitiveness, and sales channels in the seat business.
• Implemented debt-equity swap and capital reduction for Imasen Bussairas Technology Inc. to improve its financial condition.
• Closed its subsidiary, Kyushu Imasen Co., Ltd., and ceased production.
• Promoting the construction of automated production lines using robots in Japan, North America, and China.

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

• Energy-saving automotive products
• Safety products

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• ESG (environment, social contribution and governance)
• Environmental management
• Societal contribution
• Corporate governance

Governance Achievements

• Developed “ISP (Imasen Sustainable Plan) 2030”, an ESG measure based on the concept of CSV (Creating Shared Value)

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• Carbon Reduction

Environmental Achievements

• Installed solar power generation equipment at Gifu factory, generating 20-25% of the factory's electricity from renewable energy.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Semiconductor shortages impacting production in North America.
• COVID-19 impact on production (partially recovered).

Mitigation Strategies

• Introduction of labor-saving and rationalization equipment at IB-Tech.
• Productivity and cost improvements in North America, reducing losses.

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

• CO2 emissions reduction
• Sustainable products development
• Work-life balance
• DX (Digital Transformation)
• Employee development

Environmental Achievements

• Reduced peak-time electricity consumption by 73,554 kWh in August and September 2022 through adjusted working hours.
• Developing a new energy-saving power system to replace compressed air in production equipment (prototype planned for 2023).

Social Achievements

• Introduced a new accumulated paid leave system and an interval system in April 2022 to improve work-life balance.
• Donated food nearing expiration to an NPO in Inuyama City to reduce food waste.

Governance Achievements

• Launched a DX project team in April 2022 to promote company-wide digital transformation.

Climate Goals & Targets

Environmental Challenges

• Increased air freight and ocean freight costs due to delays and global increases.
• Supply chain disruptions due to the China lockdown and semiconductor shortages.
• Unexpected expenses due to Thailand-related issues.

Mitigation Strategies

• Cost reduction efforts across various areas.
• Efforts to improve efficiency and reduce costs through increased production volume and cost reduction activities.
• Development of alternative sourcing strategies (implied).

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Energy-saving power system

Environmental Metrics

ESG Focus Areas

• Healthcare support business
• Parasports sponsorship
• Sustainable product development (myride electric cart)

Environmental Achievements

• Local procurement of core reclining parts at China facilities, cutting shipping and materials costs
• Consolidation of seat business in North America, streamlining production and cutting shipping costs
• Investments in solar power in Japan

Social Achievements

• Sponsorship agreement with para-athlete Chie Yamashita
• Launch of sales of the myride electric cart, aiding mobility for people with leg and back issues

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Soaring air and ocean transportation costs
• Defects in Thailand
• Economic fluctuations
• Rising materials costs
• Rising wages
• Lockdowns in China
• Decreased sales of Japanese vehicles in China
• Discontinuation of certain existing vehicle models

Mitigation Strategies

• Improving logistics through an alliance with TS TECH Co., Ltd.
• Promoting VA/VE
• Normalizing selling prices, promoting collections from customers
• Continuing to improve production efficiency via automated production lines
• Optimizing human resource assignments
• Local procurement of parts in China
• Consolidation of seat production in North America
• Investments in new products and production automation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Local procurement of parts in China

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

• myride electric cart

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability

Social Achievements

• Launched products that are designed for a wide range of users and have been well received in the welfare equipment related business.
• Voluntary retirement program to optimize personnel.

Governance Achievements

• EcoVadis evaluation adopted to verify progress in sustainability.

Climate Goals & Targets

Environmental Challenges

• Reduced production in China resulting in a decline in revenue.
• Increased labor and other expenses due to strengthened management systems and increased development costs for the electronics business.
• Decline in sales in China due to sluggish sales of Japanese cars.
• Ongoing uncertainty in the Chinese automobile market.

Mitigation Strategies

• Strengthening its structure and the effect of exchange rates to make up for negative factors caused by reduced production, rising labor costs and raw material prices in China.
• Improving domestic structure.
• Workforce reductions to strengthen operations in China.
• Cost reduction activities in Japan and other Asia.
• Business consolidation and centralization of North American seat adjuster production at Ohio plant to improve efficiency.
• Automation and labor saving.
• Voluntary retirement program.
• Surveying local suppliers to strengthen cost competitiveness in China.
• Reinforcing local design functions to expedite development in China.
• Improving usage rates by promoting in-house production in China.
• Promoting sales expansion to local OEMs in China.
• Reviewing the characteristics of the procurement structure to strengthen cost competitiveness.

Supply Chain Management

Responsible Procurement

• Promoting local procurement unconstrained by conventional process lines
• Making proactive use of local suppliers to create optimal procurement structures for each region

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: EcoVadis

Sustainable Products & Innovation

• myride (Electric cart)
• Electric wheelchair
• KATANAβ (Sprinting prosthesis)
• BabyLoco (Pediatric Mobility Devices)