The Nissui Group, whose mission is to produce various food products, pharmaceutical ingredients, etc. from resources including marine products and supply them to people around the world, is striving to continue stable production and sales in order to fulfill such duty. In order to further solidify its business activities, we have established the "Risk Management Policy," and the Risk Management Committee is building and implementing a risk management system aimed at fulfilling the vision sought under the Policy. Furthermore, risks with a significant impact are identified as priority risks by the Risk Management Committee and addressed by setting up a dedicated subcommittee.

Nissui and its Group's basic policy for risk management is to endeavor to prevent risks that may hinder business activities from arising, and in the event of an emergency, minimize the occurrence of losses by giving top priority to human life, give consideration to society such as providing aid to disaster victims, and make best efforts to preserve our management resources and continue our businesses and thereby maintain and improve corporate value.

The Risk Management Committee, chaired by the President & CEO and comprising all Executive Officers, is convened four times a year.　The Risk Management Committee strives to build, maintain and improve the risk management system of the Nissui Group based on the risk management rules. The Executive Officer (in charge of risk management) periodically reports its activities to the Board of Directors.

Please see below for initiatives by each Subcommittee to Manage Priority Risks.
For the Ethics Subcommittee and the Occupational Safety and Health Subcommittee, please see "Compliance" and "Labor Safety," respectively.

• Nissui-led comprehensive risk management is effectively incorporated in accordance with the plan-do-check-action (PDCA) cycle with respect to operational risks and hazard risks of the Nissui Group in Japan.
• A standardized policy for risk management is shared among Group companies outside Japan, and initiatives are conducted in accordance with the PDCA cycle at such companies.

FY2021

• Activities were carried out by setting "information security," "compliance," "occupational safety and health" and "post-disaster BCP" as priority risks (quality assurance risks and environmental risks were addressed by the Quality Assurance Committee and the Sustainability Committee, respectively).
• Group companies in Japan managed the progress of risk management on a semiannual basis.
• Initiatives were carried out by setting the following as themes commonly shared among the departments of Nippon Suisan Kaisha, Ltd. (Nissui): (i) "Workstyle reform method" (management of working hours and establishment of targets for leave of absence taken); and (ii) Prevention of harassment in departments.
• As risk management education at Nippon Suisan Kaisha, Ltd. (Nissui), conducted the basic risk management education for all employees through e-learning.