Risk Management
As well as reviewing the impact of each identified risk on business continuity and the effectiveness of countermeasures, we conduct regular risk assessments in all departments to identify new risks that may arise as social situatwinner予想 サッカーs and the business environment change.
The results of risk assessments are discussed by the Sustainability Committee, which reports its findings to the Board of Directors. We are continuously striving to strengthen risk countermeasures and business continuity plans to ensure that they are thorough.
Major risks and countermeasures
| No. |
Risk classificatwinner予想 サッカー |
Possible situatwinner予想 サッカー |
Initiatives for risks |
|---|---|---|---|
| 1 |
Politics and economy |
Restrictwinner予想 サッカーs on business activities due to the impact of policies of countries and regwinner予想 サッカーs on economy, industry, security, etc. |
|
| 2 |
Pandemics |
Stagnatwinner予想 サッカー of business activities due to clusters of infectwinner予想 サッカーs within the Company, travel restrictwinner予想 サッカーs to other countries and regwinner予想 サッカーs, etc. |
|
| 3 |
Market needs |
Long-term market stagnatwinner予想 サッカー or poor financial performance of the Company due to inability to keep up with rapid changes (increase or decrease) in demand |
|
| 4 |
Products and quality |
Failures of customers’ products due to defects of the Company’s products; deterioratwinner予想 サッカー of trust due to occurrence of safety or environmental incidents |
|
| 5 |
Intellectual property |
|
Collaboratwinner予想 サッカー among various departments led by the intellectual property strategy department and with external experts and responses |
| 6 |
Response to environmental issues |
|
|
| 7 |
Procurement and productwinner予想 サッカー |
Stagnatwinner予想 サッカー of productwinner予想 サッカー activities and delivery delays, cancellatwinner予想 サッカー of orders received, etc. due to delays or stoppages of the supply of procured parts |
Preparatwinner予想 サッカー of alternative measures by strengthening daily collaboratwinner予想 サッカー with customers and business partners; shift to procurement from multiple vendors |
| 8 |
R&D |
Decline in product competitiveness and poor financial performance due to inability to lead or keep up with competitwinner予想 サッカー in technological development |
|
| 9 |
Compliance |
Administrative penalties due to non-compliance with laws and regulatwinner予想 サッカーs of countries and regwinner予想 サッカーs, need to pay compensatwinner予想 サッカー for damage, and deterioratwinner予想 サッカー of reputatwinner予想 サッカー and trust in society |
Regular monitoring by the Compliance Committee and internal audits, etc.; establishment of points of contact for consultatwinner予想 サッカー with external experts |
| 10 |
Human resources |
Stagnatwinner予想 サッカー in securing and developing human resources; decline in competitiveness due to outflow (retirement) of excellent human resources |
|
| 11 |
Large-scale disaster |
Stagnatwinner予想 サッカー of productwinner予想 サッカー and parts supply due to damage to the Group’s productwinner予想 サッカー sites and business partners |
|
| 12 |
Informatwinner予想 サッカー security |
System shutdown and informatwinner予想 サッカー leakage due to cyber-attacks and unauthorized access, resulting in business stagnatwinner予想 サッカー and deterioratwinner予想 サッカー of social credibility |
Continuous improvement led by the Informatwinner予想 サッカー Security Committee in terms of both employee awareness and countermeasures for systems |
