Risk Management

Basic Stance/Policy

We maintain a forward-looking risk management structure that actively involves management in order to support risk-taking by executive staff.

Activities and Results (Including Goals)

Risk Management Activities

We prevent risks and minimize losses by instituting controls for risk categories, managing and reducing unavoidable risks, and otherwise managing risks across the entire Group in order to facilitate assertive governance with elements of bold risk-taking.

Information Security

While information utilization is indispensable for corporate growth in modern society, security risks associated with that same information are also steadily growing. Companies can lose a significant amount of trust and experience extensive losses from even a single information leak.
In accordance with the THK Group Information Security Policy, we strive to strengthen our company-wide information security structure and work to increase employee awareness.

Information Security Structure

We have established an Information Security Committee, which is chaired by the President and convenes four times per year.
This committee, which is attended by outside directors and legal counsel, makes decisions concerning policies related to the establishment of an information security structure and discusses responses to information security concerns.

Complying with laws protecting personal information

When the GDPR (General Data Protection Regulation) entered into force in May 2018, we set up a fixed structure that included the establishment of a privacy policy and internal regulations that comply with the GDPR. As other legislation protecting personal information continues to be enacted in various countries and regions, we will properly manage personal information by confirming which laws apply to our Group and amend our privacy policy to establish a structure that safeguards personal information around the world.

BCP (Business Continuity Plan)

Policy

As an essential business, the THK Group has a responsibility to supply parts even in the event of an incident that could potentially disrupt our operations. In order to fulfill that responsibility, the THK Group engages in a number of activities meant to ensure our business continuity.

1. We value the lives of our executives; our employees and their families; our business partners, customers, and suppliers; and other related parties above all else.
2. We work to prevent any disruptions to our operations and, if operations are disrupted, restore them in as little time as possible.
3. We cooperate with organizations that maintain and oversee regional infrastructure to assist in regional recovery efforts.

Process Flow for Emergency Situations

Efforts at Each Facility

All THK Group sales and production facilities conducted training on AED and fire hydrant use and performed regular disaster prevention and evacuation drills. THK RHYTHM, in response to the Nankai Trough Earthquake Extra Information (Major Earthquake Warning) protocol, conducted a quiz-based simulation to ensure rapid response at the first sign of tremors. They also held a disaster prevention seminar for preparing against power outages, disruption of the water supply, and flooding to share information about emergency uses for plastic bottles and how to prepare three levels of emergency supplies at home. Employees were also given printouts about these topics.

Printout given to all RHYTHM employees (Available in Japanese only)