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. From this perspective, we define “risk” as the uncertainty of events that may affect the continuity of the company, and “risk management" as activities to appropriately manage various internal and external risks associated with business operations, as set forth in the “Risk Management Rules.” Based on these definitions, we have established the Risk Management Policy.

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, under the direct supervision of the President & CEO, strives to build, maintain, and improve the company-wide risk management system of the Nissui Group based on the “Risk Management Rules.” The executive officer in charge of risk management regularly reports the activities of the committee to the Board of Directors. As an integrated risk management function that identifies and manages key company-wide risks in a unified manner, the Risk Management Committee identifies, evaluates and optimizes the risks surrounding the Group from a company-wide perspective in an integrated, comprehensive, and strategic manner, and positions risk management as a means of maximizing corporate value—not merely as a mechanism for “protecting” against risks, but as an “offensive” approach to executing business strategies. Additionally, risks with a significant impact to the Group are identified and categorized as such, and risk management organizations are established for each risk with a significant impact, comprising managers responsible for each business division. These organizations plan and manage actions to improve the effectiveness of risk management and also ensure that managers implement appropriate risk management within their respective business divisions.

Please see below for initiatives for each business foundation risks.

FY2023

• Reviewed the risk management framework handled by each committee for different themes and, to identify risks with a significant impact from a Group-wide perspective, prioritize these risks with a significant impact, and to implement the PDCA cycle, simultaneously revised the function of the Risk Management Committee and reorganized the risk management framework.
• Extracted and analyzed opportunities and risks related to material issues, and identified risks with a significant impact on medium- to long-term key issues and business strategies as risks with a significant impact.