Risk Management System

Based on its "Integrated Risk Management Regulations," the Company has established a company-wide integrated risk management system and is implementing initiatives to reduce risks.

Each head office department serves as a risk owner, identifying as risks any events that could hinder the achievement of business or organizational objectives, taking into account both internal and external environments, and conducting analysis and evaluation. Based on these evaluations, appropriate countermeasures are formulated and implemented, and their implementation status is regularly reported to the integrated risk management unit.

The integrated risk management unit consolidates information gathered from each risk owner across the Company, identifies risks that could have a significant impact on management (management risks), and the "Integrated Risk Management Committee," chaired by the President, reviews response policies for these management risks as well as the status of responses by risk owners, and provides guidance.

The Integrated Risk Management Committee is composed of all executive officers with titles, and by including outside directors and others as advisors, it conducts active discussions incorporating external expert perspectives. The management risks discussed by the Committee and the corresponding response policies are reflected in the annual management policy and submitted to the Board of Directors.

In addition, the integrated risk management unit works in collaboration with the relevant departments responsible for risks that require cross-organizational responses (such as compliance and information security), aiming to achieve effective risk reduction initiatives.

Furthermore, the Company has established individual regulations and clarified its management system to ensure the minimization of damage and swift recovery in the event of emergencies such as natural disasters.