Sustainability
Governance
1. Basic Approach to Corporate Governance
The Company aims to contribute to society by establishing an agile management structure capable of prompt adaptation to changes in the business environment and a sustainable profit structure. To that end, the basic approach to corporate governance is to gain the trust of its shareholders and stakeholders by enhancing business management functions, ensuring sound business execution, and enhancing management transparency.
Corporate Governance System
The Company has appointed one Outside Director, taking into consideration the current size of the Company, business scope, and other factors. In addition, we have adopted an Audit & Supervisory Board system consisting of one Standing Audit & Supervisory Board Member and two Outside Audit & Supervisory Board Members, which we believe that it ensures objectivity and neutrality in functions of management oversight.
2. Corruption Prevention Activities
The Group share the basic policy with persons in charge of compliance at all Group companies, both in Japan and overseas, and is working thoroughly to prevent bribery across the Group by promoting the establishment of internal regulations and guidelines as well as the promotion of compliance education at each Group company.
Since its founding in 1967, the Company has never once been imposed with a fine for bribery.
In fiscal year 2024, there were no disciplinary actions against employees resulting from corruption including bribery.
Neither were there any fines, penalties or settlement costs related to corruption in fiscal year 2024.
