Tamron Issues Earthquake Influence on Operations Statement
Tamron Co., Ltd. Announcement of March 16, 2011
Influence on Operations by 3.11 Earthquake That Hit Pacific Coastal Regions of Northeastern Japan
We wish to extend our deepest condolences and prayers to those who suffered from loss of life and casualties among families and relatives by the Tohoku/Off-Pacific Coast Earthquake Disaster that hit the area on March 11, 2011.
In this regard, may we inform you of the current status of the company operations as follows as an initial briefing:
1. Scope of Damage and/or Destruction
(1) Bodily damage to employees It has been confirmed that no employee sustained any physical damage fortunately.
(2) Status of production facilities Likewise, no notable damage has been identified in terms of our three production facilities in Aomori Prefecture, including Hirosaki Plant [Hirosaki city], Namioka Plant [Namioka town] and Ohwani [Ohwani town, Minami-Tsugaru county].
Nevertheless, it is anticipated that certain disruption shall become unavoidable in terms of production activities, logistics flow and customer service, including our plant in China [Tamron Optical (Foshan) Co., Ltd.] as a result of damaged transportation network and systems.
(3) Distribution of finished goods It is also anticipated that certain delay would be caused in delivery of finished goods to customers because of the disrupted production coupled with the slowdown in logistics.
Evidently, it is premature to assess the extent and the scope of the negative impact, please be assured that the entire group companies of Tamron are determined to work collectively and intensively to minimize the damage to our business operations.
2. Potential Influence on Company Performance
While the situation is rather unsettled to make an intelligent assessment of potential influence on our company performance associated with the grossly huge disaster, we will be prepared to make a timely announcement