Risk Management
Risk Management
As our group expands its business activities globally, it is important to quickly grasp all risks arising from changes in the complex and diverse business environment and take appropriate countermeasures. We believe that this is essential to achieving our goal.
Under the following structure, our group systematically and continuously extracts and evaluates risks, appoints a managing officer for each extracted risk item, and formulates and implements measures. Furthermore, we have established a system to regularly report to the Board of Directors regarding these initiatives, confirm the comprehensiveness of assumed risks, the effectiveness of various countermeasures, and the progress status. We are working to strengthen risk management to reduce the scale of losses.
The table below shows an overall view of Group material risks based on the risk analysis conducted FY ended March 31, 2024.
●Risk Management Structure
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●Overall view of Critical risks
[Business Risks]
Stable supply products
Geopolitical risks
Sophistication of design and development
Changes in the market environment
Human resources/labor affairs
Quality
Business continuity
IT systems & information security
Sustainability issues (climate change/human capital)
Global compliance (antitrust, bribery, etc.)
Intellectual property
Accounting/taxation
M&A/investment