Risk Management Sustainability

We have established various internal committees, including the BCM Committee and the Information Security Committee, and we are constantly striving to manage risk by anticipating potential risks. It is also important to uniformly collect information on crisis management and make decisions comprehensively. We have therefore made the General Administration Headquarters the managing headquarters for crisis management, with the General Affairs Department executing these duties in normal times.

The BCM Committee is chaired by the Director of the General Administration Headquarters, and members are appointed from each headquarters. Committee meetings are held twice a year, where the status of BCP operations, drills, and confirmation of measures are shared with members and necessary measures are discussed.

In the event of a crisis, it is promptly reported to management, primarily to directors, and a Crisis Management Division is set up to deal with the crisis. The Crisis Management Division gathers and analyzes information, examines countermeasures and the policy to prevent reoccurrences, and establishes the structure to give instructions and orders to officers and employees on the actions required to resolve the crisis.

If a natural disaster occurred such as an earthquake, large typhoon, or volcanic eruption, or an event such as an infectious disease or large-scale prolonged power outage that would impact the continuity of economic activity, or an incident such as an information leak, it could exert enormous impacts on our business activities in the medium- to long term.

We have implemented a business continuity plan (BCP) since formulating it in FY 2021. It is designed to anticipate these kinds of emergencies in advance and to ensure the safety of employees and their families as the top priority in the event of a crisis, while contributing to the stability of society and the community, and fulfilling our social responsibility through business continuity. A business continuity management (BCM) framework has been established under management for formulating the BCP, promoting preemptive measures, promoting education and training, and conducting periodic inspections and corrective actions during normal times. The BCP Promotion Administrative Office serves as the secretariat for the operational framework during normal times. The President and Representative of Board is responsible for BCM, and the Director of the General Administration Headquarters is responsible for the BCM Promotion Administrative Office. The BCM Committee keeps track of progress in BCM, reports to management, follows up on preventive measures and corrective actions, and plans and implements education and training.

In FY 2022, based on the business continuity plan, hearings were held four times with each division to examine the measures of each division and for each business under their jurisdiction and to prepare both tangible and intangible aspects. BCP drills have also been conducted in accordance with the manual.