Compliance, Human Rights and Supply Chain Ethics Risks
First written in FY2024. 1 of 3 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Regarding conflict minerals and forced labor in the supply chain, we will conduct surveys of suppliers to understand the situation and appropriately advance initiatives to respect human rights.」
Continuing to address the risks of legal violations, harassment, conflict minerals and forced labor through a code of ethics, consultation channels and supplier surveys. - FY2025MitigatedAnnual report
「In March 2025, we established the “Toyo Denki Group Sustainable Procurement Guidelines” and the “Green Procurement Guidelines.”」
As a response to compliance, human rights and supply chain ethics risks, established sustainable procurement and green procurement guidelines in March 2025. - FY2024First statedAnnual report
「If our Group violates laws or regulations in Japan or overseas in the course of its business, this could result in a loss of social trust and have a serious impact on business activities, including the suspension of transactions. If the prevention of and response to harassment involving employees are inadequate, this could lead to lower employee motivation and increased turnover, resulting in a loss of trust and reduced competitiveness. In addition, failure to appropriately address conflict minerals and forced labor could erode trust and lead to reduced transactions or exclusion from supply chains.」
For the first time, separately identifying a combined risk item covering violations of laws and regulations, harassment, conflict minerals and forced labor, and describing responses including a code of ethics, training, internal reporting and consultation channels, and supplier surveys.