Relationship with Business Partners

Fair Competition in Relationships with Business Partners

Nihon Kohden carries out sound and fair purchasing activities and has established a procurement policy and standards in procurement in order to ensure that all activities across its entire value chain, including those at its business partners, are sound and fair. It also makes this policy and standards known to all employees and business partners. As part of its corporate social responsibility efforts, the Nihon Kohden Group values its partnerships with its business partners and engages in procurement activities in good faith following the policy outlined below.

Nihon Kohden Procurement Policy

  1. We will comply with relevant laws and ordinances as well as social norms when carrying out business transactions.
  2. We will properly manage and protect confidential information and personal information obtained through business transactions.
  3. We will strive to build relationships of trust and carry out fair and equitable procurement activities.
  4. We will carry out proper quality, cost and delivery activities to satisfy the needs of customers.
  5. We will strive to reduce our impacts on the global environment and carry out procurement activities based on separately stipulated green procurement guidelines.
Furthermore, in order to promote fair business practices across the entire value chain, we have established the following procurement standards, ensure compliance with these standards, and explain these standards to our business partners to foster trust and understanding with regard to these efforts.

Nihon Kohden CSR Procurement Standards

  1. We will comply with laws, ordinances, and government circulars that apply to our business activities, such as the Companies Act, Anti-Monopoly Act, Act against Delay in Payment of Subcontract Proceeds, etc., as well as relevant labor and environmental laws and regulations.
  2. We will comply with relevant import and export laws and regulations and the laws of countries and regions where we operate.
  3. We will not infringe upon intellectual properties, including patent rights, copyrights, and trademarks, etc.
  4. We will not give or receive inappropriate personal benefits.
  5. We will not do business with anti-social persons or groups.
  6. We will respect the human rights of all people and we will not discriminate against employees in terms of their benefits and/or employment.
  7. We will not use child labor or forced labor.
  8. We will comply with the safety standards and regulations of all countries and regions. We will strive to maintain and enhance quality and build a quality assurance system that fulfills our required standards in order to meet the needs of customers.
  9. We will promote green procurement that is conscious of the global environment and strive to reduce the impacts our products have on the environment during their life cycle.
  10. We will properly manage and protect confidential information and personal information obtained through business transactions

CSR Assessment of Suppliers

Nihon Kohden is dedicated to promoting CSR activities throughout the entire supply chain. We ask our suppliers for their understanding and cooperation with "Nihon Kohden's CSR Procurement Standard." Suppliers are required to conduct a periodic self-assessment on their environment and quality activities, and answer a "CSR Activity Questionnaire" to confirm how they comply with the "CSR Procurement Standard."

In-house Training on Sound and Fair Business Practices

The Nihon Kohden Group provides regular compliance training to all of its employees in Japan to ensure they have correct understanding and awareness of sound and fair business practices. Departments involved in sales and procurement provide training on specific laws and regulations affecting their operations, such as Fair Competition Code and the Act against Delay in Payment of Subcontract Proceeds, etc., which fosters appropriate understanding of fair business practices.