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.
The Nissui Group aims to expand its business activities globally. Such expansion exposes the Group to impacts from economic, social and environmental changes; clearly, the Group must prepare for such risks, which will continue to grow in diversity and complexity. One current issue, however, is that risk management is handled separately by each committee. In FY2023 the Group is reviewing the risk management response of each committee to each theme, identifying risks from a Group-wide perspective that transcends the remit of each committee and drive the PDCA cycle to effect changes in its organization.