The IBIDEN Group enables business continuity by analyzing various risks surrounding management, accurately handling losses of business resources that have a great negative impact on the ease of our business operations, ensuring the safety of our shareholders, customers and officers, and reducing and preventing losses of business resources.
- We devote efforts to maintaining the safety and health of employees and business partners and to conserving operating resources.
- We conduct ourselves so as not to impinge upon the safety, health, or profits of our shareholders, customers, and local and international society.
- In cases where risk is manifested, we work to achieve prompt response and recovery through responsible action.
- We reflect social demands related to risk in our risk management.
- We provide required information in order to avoid or reduce possible damage caused by misunderstanding and a lack of understanding.
Structure for Advancing Risk Management
Based on the resolution of the Board of Directors, the Group has established Risk Management Regulations to create a risk management structure and its management process. We also created the Risk Management Company-wide Promotional Committee, which is tasked with improving risk management. The Risk Management Company-wide Promotional Committee is responsible for considering and deciding on general risk management issues. It also examines and reports the progress of actions to address major risks. To execute the policy endorsed by this Committee, a section responsible for each risk category is established to carry out activities geared to IBIDEN's circumstances and business model, as well as with those of its Group firms.
Risk Assessment and Addressing risks
The IBIDEN Group undertakes risk management activities so that we may continue to reliably conduct our business operations. We regularly detect and assess risks to reduce risks in important areas: operational divisions are working on the risks related to strengthening our business competitive edge, while functional divisions are addressing the risks bringing serious repercussions to the Company's business.
These risk management activities are implemented in conjunction with the policy management of each Division.
Business Continuous Plan
We consider the risk of disruptions to production caused by the occurrence of a large-scale accident or a disaster in areas where our plants are located as an important risk theme, and are taking measures to prepare for the occurrence of a disaster. As for measures to be taken when disasters such as earthquakes occur, we believe that lifesaving comes first, followed by the early supply of products to customers.
With regard to concrete risk themes in the event of a natural disaster, including confirmation of the safety of employees, supply of materials by suppliers, equipment failure and occurrence of utility problems, we are building a response system, mainly led by divisions that cope with such risks. Assuming the occurrence of the Nankai Trough Megathrust Earthquake, we set a recovery time objective (ROT) for our plants and domestic affiliated companies that may by affected by the disaster. In fiscal year 2017, based on the assumption of damage, we reevaluated risks of building collapse, explosion, fire and other casualties at each plant, and identified and organized potential issues.