Ethics and Compliance

MISUMI Group has established an ethics and compliance education system and conducts regular ethics training (in principle, once a year) for all relevant employees. The training includes topics such as the dissemination of the Code of Conduct, prevention of bribery and fraud, accounting compliance, insider trading, HR compliance, and export control. After each training session, a test is administered to measure understanding, ensuring retention of the training content.

MISUMI Group has established in its / “Code of Conduct” a prohibition on bribery or the giving of money or gifts to government and administrative agency officials, as well as the improper exchange of money or goods with suppliers and others. Additionally, through the aforementioned employee education activities, all employees are thoroughly informed about the prohibition of bribery and the prevention of fraud.

MISUMI Group complies with the laws and regulations related the protection of personal information and handles personal information of our stakeholder appropriately.
MISUMI Group has set Misumi Group Fundamental Privacy Policy and Privacy Policies for customers, business partners, applicants and shareholders regarding the management of the personal information that Misumi Group acquires for business. These Privacy Policies has been published on MISUMI Group’s website.

MISUMI Group has recognized importance of the information security as to roll out business globally. To protect the information assets from various threat, MISUMI Group has established Basic Policies for Information Security and improved information security. Under this Basic Policies, Information Security Guidelines, Rule for Confidentiality and Non-Disclosure, Management Rule for Personal Data and Information Control, Management Rule for Information Devices, etc. have been established. The Employees are informed and fully aware of these rules in the training session of Information Security in the Training Program.

MISUMI Group’s activities concerning legal, compliance, and ethics are reported regularly (in principle, twice a year) to the Board of Directors by the Corporate Officer overseeing legal and compliance. Board of Directors discusses the reported implementation status and supervises by providing guidance on points that need correction or strengthening. 
The Legal Department provides monthly reports on important issues and challenges related to legal and compliance matters.
We have also established a HR Compliance Committee composed of two Representative Directors, Corporate Officers in charge of each relevant organization, and the Corporate Officer responsible for managing legal and compliance, to deliberate and decide on disciplinary actions.

MISUMI Group has established, through resolutions of the Board of Directors, a “structure to ensure that the execution of duties complies with laws and the Articles of Incorporation” and a “structure to ensure the appropriateness of other operations”, regulations (the “Internal Control System”).

MISUMI Group’s Board of Corporate Auditors evaluates and audits the operations of the Internal Control System annually. In the FY2024, it is confirmed that the Internal Control System has been implemented appropriately, and that there have been no significant problems. Board of Corporate Auditors confirmed that the followings as the main actions pertaining to Internal Control Systems during FY2024.

The Internal Audit Department sets approximately 10 audit target locations and organizations each year and conducts audits to ensure that the execution of operations at these locations is appropriately carried out in compliance with laws, regulations and internal rules. Audit items are including alignment of internal rules, risk assessment and recognition by local management, personnel labor management such as employment turnover and work-hour management, status of internal control, and information security etc. Results of the audits are reported to the Board of Directors.

Additionally, since 2019, the Legal Department has been conducting an initiative known as “Legal Risk Review Rounds” to early detect legal risks that could lead to violations of laws, and work with the relevant departments to resolve them. Legal Department has clarified the laws and regulations applicable to MISUMI Group and created checklist based of them. Having hold hearing sessions with the target organizations, Legal Departments evaluate the current situation and potential risk in every hearing session and propose countermeasure to the targeting organizations. Collaboration between Legal Department and targeting organizations on resolving issues and improving the situation also results in lowering the legal risks.