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CSR activities in FY2019

Responding to issues of public concern

NTN's Future Vision UN Global Compact Risks and Opportunities Surrounding NTN

NTN's Future Vision

Our Vision

To enable sustainable growth over the next 100 years, we have created a long-term vision.
In order to realize "Our Vision," we will pursue competitive advantages by strengthening our core technologies and products, while developing businesses in new areas by harnessing our core technologies and R&D achievements.
We are also stepping up our development speed by proactively collaborating with outside partnerships, while enabling sustainable growth by creating a more robust business bases to support these new business areas.

Our Vision

Management Policy

In December 2019, we established a Management Policy of the NTN Group. This represents the NTN Group's management philosophy and stance, and is based on the founders'spirit consisting of the "Frontier Spirit" and "Coexistence and Co-prosperity Spirit" and on our corporate philosophy that incorporates these spirits. In addition, the NTN Group has clearly stated its stance toward all stakeholders involved in the NTN Group. By steadily implementing initiatives based on the above, we aim to realize a NAMERAKA society.

Founders'Spirit
Corporate Philosophy
NTN SPIRIT
Management Policy

NTN Group aims to realize a "NAMERAKA Society＊" through practicing its corporate philosophy. As a company that is trusted and needed by communities including stakeholders, we engage in business activities with an emphasis on respect of human rights and compliance.

＊A NAMERAKA Society : A society where people can easily lead a secure and fulfilling life in harmony with nature.

■Stance to Stakeholders

Employees

Employees

NTN Group respects diversity, individuality and a safe and healthy workplace environment where employees can work successfully.

Customers

Customers

NTN Group seeks to maximize customer satisfaction and trust by providing products and services of superior quality, safety and reliability.

Business partners

Business partners

NTN Group, in a fair and free environment, builds good partnerships with its business partners and works together for mutual growth and development.

Local communities

Local communities

NTN Group respects cultures and customs in the local communities and builds long-term trust relationships by meeting their expectations through its business activities.

Shareholders

Shareholders

NTN Group focuses on return for shareholders by sustainable profitable growth and builds long-term trust relationships with shareholders through active communications.

Environment

Environment

NTN Group harmonizes its business activities with nature and contributes to preserve the global environment by providing its technologies, products and services.

UN Global Compact

We endorsed the United Nations Global Compact (an international initiative for developing a global framework for sustainable worldwide growth) in 2015. Under the UN Global Compact, we support ten principles in the four areas of human rights, labour, environment, and anti-corruption. We also proactively participate in the Kansai subcommittee, which is established by the UN Global Compact, as a facilitator to realize sustainable society through business activities.

■UN Global Compact

WE SUPPORT

■The Ten Principles of the UN Global Compact

Human Rights

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2: make sure that they are not complicit in human rights abuses.

Labour

Labour

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4: the elimination of all forms of forced and compulsory labour;

Principle 5: the effective abolition of child labour; and

Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

Anti-Corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery

Risks and Opportunities Surrounding NTN

The NTN Group recognizes expected future social issues, such as climate change, growth of emerging countries, rising human right awareness, changes in demographics, environment pollution, technological innovations and changes in industrial structure and trade issues, as well as the Sustainable Development Goals (SDGs). We are strengthening the foundations that support our business activities and operations so that we can respond to the risks and opportunities surrounding our business. Through these measures, we will contribute not only to the sustainable growth of our group's businesses, but also to the resolution of social issues.

    • Spread of electric vehicles (EVs)
    • Electrification of industrial machinery
    • Expansion of the sharing economy
    • Infringement of intellectual property
    • Changes in end-user needs
    • Spread of AI/IoT
    • Advances in medical technologies
    • Soaring material costs
    • Cyber threats
    • Spread of infectious diseases
    • Demands for energy‐saving products for various machinery types
    • Reduction in CO2 emissions
    • Reduction in environmental impact
    • Response to natural disasters
    • The rise of the renewable energy industry
    • Water shortage
    • Laws and regulations associated with the climate change
    • Medium- to long-term labor shortage
    • Growth of emerging countries (improvement of QOL)
    • Issue of business succession
    • The rise of low-cost products from emerging countries
    • Global governance
    • Foreign exchange fluctuations
    • Trade frictions and tariffs
    • Expansion of internet sales
    • Violations of antimonopoly and competition laws
    • Sustainable procurement
    • Quality assurance systems that conform to the same standards worldwide
    • BCP/BCM
    • Response to child labor and conflict minerals

NTN’s Efforts

Strengthen the Businesses

    • Acquire the latest technologies using NTN Next Generation Research Alliance Laboratory, conduct R&D in anticipation of customer needs, and shorten development time by utilizing CAE
    • Provide new added value such as sensing technology, in addition to further development of products for EVs and improvement of performance of core products
    • Propose products for advanced medical treatment such as microscopic coating applicators
    • Further improve performance of the products
    • Provide CMS technologies to prevent opportunity loss for application in renewable energy such as wind turbines
    • Provide natural energy products such as "N3 N-CUBE"
    • Provide products that meet the growing demand for machinery to support infrastructure and for robots associated with labor savings in manufacturing processes
    • Achieve high productivity even with a decrease in human resources by utilizing CAE technologies and RPA
    • Focus on high value-added products, such as by outsourcing standard products
    • Develop a system that enables timely delivery as required by customers, such as by securing products for immediate delivery
    • Reduce foreign exchange sensitivity by expansion of local production and local procurement, and pass expenses incurred on to customers

Strengthen the Foundation

    • Improve IT governance and strengthen information security by introducing a new core IT system
    • Strictly manage intellectual property
    • Reduce cost through variable cost reformation and reduce materials by advanced Monozukuri
    • Reduce water consumption by analyzing water risks and responding to them, and advanced Monozukuri
    • Strictly prohibit the use of regulated substances
    • Further promote energy‐saving activities in businesses
    • Support business continuity through dialog with suppliers, and find new business partners
    • Develop a quality assurance system with "Made by NTN"
    • Globalize internal control and compliance, offer various seminars in accordance with local laws and circumstances, prepare BCP, and conduct training
    • Promote CSR (Corporate Social Responsibility) procurement, which prioritizes procurement from business partners that proactively take CSR initiatives, promote green procurement, and find new suppliers