Fair Competition and Trade

The Nisshinbo Group's Contributions to the SDGs

The Nisshinbo Group will contribute to the achievement of the Sustainable Development Goals (SDGs) through sustainable-oriented procurement activities. Key performance indicators (KPIs) are managed and planned measures taken to achieve the Group's sustainability targets for "Implementing Improvements in Sustainable Procurement in Collaboration with Suppliers."

Core SDGs Goals and Targets and the activities of the Nisshinbo Group

The Nisshinbo Group promotes sustainable-based purchasing activities based on the idea that SDG 16.5 is a core target. The Group will set out the Sustainable Procurement Basic Policy or all Group companies and conduct unified activities as a Group.

  • 16. Peace, Justice and Strong Institutions

    Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.

  • Targets: 16.5

    Substantially reduce corruption and bribery in all their forms.

Sustainable Procurement

The Company has summarized its basic perspectives on CSR activities throughout the supply chain in the Sustainable Procurement Basic Policy of the Nisshinbo Group.

Based on the Sustainable Procurement Basic Policy of the Nisshinbo Group, each Group company has formulated its own sustainable procurement guidelines, which are more concrete and adjusted to specific business descriptions. The Group issues questionnaires to its suppliers and uses the results as feedback with which to work on improvement activities. Through these improvement activities, the Group was able to confirm the penetration of the Nisshinbo Group's Basic Policy on Sustainable Procurement among suppliers and improvement in the results of the questionnaire evaluations.

In the future, the Nisshinbo Group will continue to promote sustainable procurement initiatives along with its suppliers.

Declaration to Build Partnerships

This declaration is promoted under the supervision of the Cabinet Office and the Small and Medium Enterprise Agency, and declares efforts for co-existence and co-prosperity with business partners and prevention of "wrinkling of business conditions".
At the request of Keidanren, the Federation of Economic Organizations, and the Japan Spinners’ Association, we have declared our intention to cooperate.

Declaration to Build Partnerships
Declaration to Build Partnerships

Examples of the Nisshinbo Group Activities

Optimization of subcontractor's cost burden

Japan Radio Co., Ltd. created a mold deposit agreement on payments for the storage of loaned molds and other purposes to optimize the cost burden for subcontractors and then completed contracts with all targeted suppliers. This will help to clarify the rules for keeping mass-produced molds loaned to suppliers and reduce the burden on suppliers by paying for storage costs. The effectiveness of the reduction in the burden is being increased by allowing the first year storage charges to be paid first on the basis of a report from the supplier.

It is now possible to make a quick judgment on the disposal of molds, which have so far been obscured. Promoting disposal leads to a reduction in the fixed-asset tax, which is not only beneficial in terms of the appropriate cost for subcontractors but also for the parent companies. Japan Radio will continue to work to ensure that parent companies and subcontractors coexist through fair trade.

Implementation of Education to Enhance Compliance

JRC Tokki Co., Ltd., endeavors to comply with various laws and regulations through checklists used for internal business audits and compliance training.

Education using checklists was started in fiscal year 2018, and each division provides annual education programs on a wide range of topics, including self-checks, legal compliance, risk management, the prevention of scandals, the blocking of relationships with antisocial forces, and information security.

The company's end customer is the Maritime Self-Defense Force. In accordance with the "Compliance Requirements Confirmation Form" of the "Institutional Survey" conducted once every five years, training is conducted every two years for all employees to ensure proper expense handling and compliance with laws and regulations.

At present, because of the coronavirus crisis, JRC Tokki is working on operational methods of switching the group education usually provided to video viewing sessions (including confirmation tests) tailored to individual schedules.

Efforts to Comply with Law Concerning the Management of Molds

As part of the efforts to comply with the Subcontract Act, Nisshinbo Precision Instrument & Machinery Hiroshima Corp. conducted a shelf inventory of molds to facilitate the disposal of unwanted molds stored by subcontractors and molds stored for a long period of time with the cooperation of the subcontractors in checking the storage status. As a result, in fiscal year 2021, the company was able to dispose of 108 mold parts. For molds that are not discarded from future prospects and are used infrequently but stored for a long period of time, the company established a standard for paying the fees for storage and agreed with the subcontractors before paying.

In the future, the company will continue to implement the management of molds in cooperation with partners. Building good relationships by cooperating with each other will also lead to compliance with the Subcontract Act.