Supplier CSR Procurement and Risk of Fair Labor Standards Violations
First written in FY2021-Q2. 4 of 6 entries say "Mitigated", first in FY2024. Latest entry: FY2026-H1.
2 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「We also strengthened production-management systems at overseas sites and inspections of overseas suppliers’ factories, worked to reduce procurement and management costs and improve product quality, and promoted CSR procurement.」
Strengthened management of overseas sites and factory visits in response to risks relating to suppliers' CSR procurement and working conditions. - FY2025MitigatedAnnual report
「We require suppliers to endorse our CSR procurement guidelines, which are based on the principles of the UN Global Compact, and strictly require compliance with our group's CSR procurement standards through regular questionnaires, on-site inspections and other measures.」
The response to supplier CSR risks was made more specific through management based on CSR procurement guidelines, regular questionnaires and on-site inspections. - FY2025-H1MitigatedAnnual report
「We increased the frequency of visits to overseas suppliers' factories, promoted CSR procurement and worked to improve product quality.」
Continued and expanded measures to increase the frequency of supplier factory visits, promote CSR procurement and improve quality. - FY2024MitigatedAnnual report
「Our group operates a fabless production model and outsources production of various products on a daily basis to more than 600 suppliers. As building relationships with suppliers is extremely important to continuing our business, we will work to mitigate risks in the production process through on-site inspections and improve local employment conditions.」
The company stated that its supplier base comprised more than 600 companies and specified management and risk-reduction measures involving on-site inspections, regular questionnaires and CSR procurement guidelines. - FY2021-Q3RestatedAnnual report
「Our group strictly requires suppliers to which production is outsourced in Asian countries, including China, to comply with the US Fair Labor Standards Act and other applicable laws and provide workers with fair and safe working conditions. However, if noncompliance is identified at a supplier's factory, the results of our group may be affected.」
Continued disclosure of the risk of an impact on results if suppliers' failure to comply with fair and safe working conditions is reported. - FY2021-Q2First statedAnnual report
「Our group strictly requires suppliers to which production is outsourced in Asian countries, including China, to comply with the US Fair Labor Standards Act and other applicable laws and provide workers with fair and safe working conditions. However, if noncompliance is identified at a supplier's factory, the results of our group may be affected.」
While requiring suppliers to provide fair and safe working conditions, the company explicitly identified the potential impact on results if noncompliance is reported as a new risk.