Risk Management
Fundamental Approach to Risk Management
We work to keep any business losses to the absolute minimum by fulfilling our corporate responsibility, improving customer satisfaction, building our social credibility, and thoroughly ensuring that there is an understanding of the importance of risk management within the Group while accurately and swiftly identifying risk information and responding to the risks.
Risk Management Structure
Overseeing the Group’s risk management is a Risk Management Committee under the President, which is chaired by the director who oversees the Administration Department.
Under the Risk Management Committee, Risk Management Officers and Risk Administrators are appointed within each department and affiliated company to identify and address both actual and potential risks.
The Sustainability Promotion Committee cooperates with the Risk Management Committee to address the risks related to sustainability, such as climate change, human capital, and diversity risks.
Action on Risk
Every year, each of the Company’s division heads and presidents of group companies uses a risk checksheet to provide an overview of the risks within the Group, assess them, and review the countermeasures.
Using this risk checksheet, the Risk Management Committee Secretariat undertakes a hearing with the head of each division and the president of each company in the Group, and as well as getting an overview of actual and potential risks, risks that require countermeasures across all companies are referred to the Risk Management Committee in order to mitigate risks.
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