CSR activities in FY2020
Risk Management
Basic approach to risk management
We have developed a Risk Management Policy that outlines our basic approach to prevention and
handling of risks that may hamper the execution of the Group's business, and the Risk Management
Regulations that set forth risk management organizations and their roles. Through these
measures, we promote group-wide risk and crisis-management and BCP/BCM (Business Continuity
Planning/Business Continuity Management).
We convene the Risk Management Committee as an advisory body for risk management twice a year,
in principle. The committee regularly checks risk management process including identification,
analysis, evaluation, and treatment with regard to risks that have a major impact on the
management of the NTN Group in light of changes in the internal and external environment and
other factors. The results of the discussion at the Risk Management Committee are reported to
the Board of Directors.
■Structural diagram
Risk Category
We have classified risks into the following 12 categories from the perspective of ensuring completeness. After that, an administrative manager and a promotion department have been determined for each specific risk that will have a significant impact on the management of the NTN Group. Through these measures, we endeavor to reduce risks.
■Risk Category
- Risks related to technology and R&D
- Risks related to procurement and logistics
- Risks related to production and inventory
- Risks related to quality
- Risks related to sales and marketing
- Risks related to personnel and labor
- Risks related to the environment and health & safety
- Risks related to information systems
- Risks related to finance and accounting
- Risks related to legal affairs and compliance
- Risks related to fire and disaster prevention, etc.
- Others
Promotion of BCP/BCM
We have been developing a BCP/BCM structure designed to respond to major earthquakes in Japan
and are working to strengthen our disaster response systems, including those of our group
companies.
We have completed the formulation of BCP to enable early disaster recovery at all domestic
production sites. Now we have also implemented BCP training to assess the effectiveness of the
formulated action plans and have taken necessary advance measures. In doing so, we are moving
ahead with development of BCM. As part of our supply chain management, we are also working to
formulate BCP at our logistics bases.
Response to the new coronavirus (COVID-19)
In response to the spread of the new coronavirus, we established the Central Headquarters. Based on the basic concept shown below, we are promoting necessary measures globally.
① Give top priority to ensuring the safety of employees and their families
② Thorough precautions should be taken to prevent an increase of infected persons as much as possible
③ Efforts are made to ensure customer business continuity