Risk Management Initiatives
Company-Wide Risk Management System
Each fiscal quarter, individual risks are assessed by the responsible departments; then the Audit Unit holds hearings with each department to verify these assessments. The Internal Control Committee then judges these assessments from the perspective of efficacy toward establishing and implementing risk management practices. If necessary, the committee has the department in question define risk levels and revise risk evaluation standards. Furthermore, with regard to the manifestation of high risks, concrete countermeasures are devised and monitoring is carried out to verify and follow the progress of said measures. This ensures thorough risk management to minimize the possibility of risk manifestation and reduce the effect such risk has on operations.
Information Security
We revise our Information Security Management Rules and Insider Trading Regulations as necessary, and strive to maintain and enhance our information security. We provide ongoing level-specific training, including for new hires, and e-training sessions to boost awareness of information security among employees. We also undertake proactive measures to prevent information leaks from cyberattacks, which have become increasingly sophisticated in recent years, and to ensure the secure operation of our internal systems. Furthermore, we have introduced a system for monitoring unauthorized access on our internal networks and are strengthening the security of our e-mail system.
Business Continuity Plans
In the event of a natural disaster such as a major earthquake or other crisis that affects the safety and security of society, one of our important social responsibilities is to contribute to ensuring the safety of residents in the disaster area.
To fulfill this responsibility, we have formulated business continuity plans (BCPs) based on the following policies
- 1preserving human life and ensuring local safety
- 2minimizing damage and loss
- 3maintaining the trust of society
We work to continuously improve the BCPs we have formulated and enhance their effectiveness through training that includes employee safety confirmation drills and emergency headquarters practice simulations.
In response to COVID-19, the BCP Countermeasures Headquarters was quickly set up to share information throughout the company and take various measures to prevent the spread of infection.