Changes in Laws and Regulations in Each Country and Compliance Violations
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2022. Latest entry: FY2025.
Nitto Denko moved to the "Worse" side of this theme in 2017, 8 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 6 of 34 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「During the fiscal year, the Group completed the establishment of external reporting channels for supplier reports in all regions and is promoting awareness of the channels.」
External channels for receiving reports from suppliers were established in all regions. - FY2024AdvancedAnnual report
「The Group has translated the Nitto Group Business Conduct Guidelines, which it regards as the foundation of compliance, into 18 languages and communicates them to all Group officers and employees. The Group also operates an internal whistleblowing system in all regions to facilitate the early detection of legal and ethical violations. In fiscal 2023, it completed the establishment of external reporting channels for supplier reports in some regions and is preparing to complete their establishment in all regions.」
The Business Conduct Guidelines were expanded from 17 to 18 languages, the internal whistleblowing system was operated in all regions, and external channels for supplier reports were established in some regions. - FY2023AdvancedAnnual report
「The Group has translated the Nitto Group Business Conduct Guidelines, which it regards as the foundation of compliance, into 17 languages and communicates them to all Group officers and employees. The Group is also developing and operating an internal whistleblowing system that allows reports to be made not only within the Group but also to external organizations. In fiscal 2022, it established the domestic framework for personnel responsible for handling reports in line with revisions to the Whistleblower Protection Act.」
The translation of the Business Conduct Guidelines was expanded to 17 languages, an external whistleblowing channel was established, and the domestic framework was developed to comply with revisions to the Whistleblower Protection Act. - FY2022AdvancedAnnual report
「In fiscal 2021, systems provided by external organizations were introduced in South Korea and Europe, completing the development of the framework in all 7 regions: Japan, China, South Korea, Taiwan, South Asia, Europe and the Americas.」
The internal whistleblowing framework, which allows reports to be made through external organizations, was expanded to South Korea and Europe and established in all 7 regions. - FY2021Implementation of specific compliance measuresAnnual report
「The Group strives to ensure thorough compliance by making efforts including complying with the laws and regulations of each country in all activities, translating the Nitto Group Business Conduct Guidelines booklet into 16 languages and distributing it to all Group officers and employees, and conducting Sustainability Workshops.」
As measures addressing legal, regulatory and compliance risks, the translation of the Business Conduct Guidelines into 16 languages and the Sustainability Workshops were described. - FY2020MaterialisedAnnual report
「Regarding fraudulent transactions by employees responsible for local purchasing and others at the Group's consolidated subsidiary 上海日東光学有限公司, the Company established an internal investigation committee that included external experts, conducted an investigation, and received the final report on 27 April of the same year. The committee was chaired by Kanzaki Masami (神崎 正巳), a full-time audit & supervisory board member.」
Fraudulent transactions by employees responsible for local purchasing and others at a consolidated subsidiary occurred, leading to an investigation by an internal committee including external experts and the receipt of a final report. - FY2017WorsenedAnnual report
「The Group's performance may also be affected if officers or employees cause compliance-related problems.」
In addition to legal and regulatory risks, the possibility of compliance-related problems caused by officers or employees was explicitly identified. - FY2016First statedAnnual report
「The Group's activities may be restricted, new costs may arise and its performance may be affected by tighter or substantial changes to laws, tax systems and regulations, differences in interpretation, and differences in business practices.」
Differences in laws, tax systems, regulations and business practices associated with operations worldwide were identified as risks.