CSR

Corporate governance

Basic Concept

The Group views working to create higher corporate value for shareholders, customers, business partners, and employees to be the most important issue. Accordingly, the Group is working to establish and enhance fair and transparent management systems and its organizational structure that can respond to changes in the management environment promptly and accurately, and to strengthen its risk and compliance system.

Corporate governance system overview

An Audit and Supervisory Board is part of our corporate governance system.
The Board of Directors not only hold monthly board meetings, but also discuss the matters stipulated by laws and regulations in extraordinary general meetings which are held as necessary, determine important administrative matters, and supervise the execution of business operations. As of June 29, 2016 there were eight board members including two outside board members. As of June 29, 2016 there were three Audit and Supervisory Board members, including two outside auditors. These auditors attend board meetings, hold Audit and Supervisory Board meetings monthly and when otherwise required, they audit the legality of company management and the execution of duties by the Board of Directors.
In order to enhance the speed for the management and to clarify responsibility, and to keep the decision making process for the management and the execution function for businesses separate, we introduced the Executive Officer system which in addition to delegating authority to Executive Officers, gives them the responsibility for the execution of business. They report on the execution of business and determine policies in regular and extraordinary general meetings. Every year in the execution of business activities, the "Management Policies" and "Annual (mid-term) Profit Plan" are drawn up to clarify business goals and manage how to achieve the goals set for each department. As of June 29, 2016 there were eleven Executive Officers, (including five board members).
Subsidiary inclusive management business execution meetings are also held periodically to check the business position of each group member and strengthen corporate governance.

Figure of corporate governance system



Why corporate governance is important

The establishment of an effective management system can be achieved by keeping the number of board members to a minimum for quick decision making and a revitalized Board of Directors, as well as by introducing the Executive Officer system to enhance the speed at which management is performed and to clarify responsibility. Additionally, by holding Internal Control Council meetings and through Risk Compliance Committee administration, we are engaging in improving a system to heighten management fairness and transparency. Outside board members provide advice and suggestions to the Board of Directors based on experience and specialization in their various fields.
The Audit & Supervisory Board is structured to include outside auditors, and they work with the goal of enriched and enhanced auditing practices and improved monitoring of management operations.

Internal control system setup

An Internal Audit Division, controlled directly by the President and CEO, is in place. It audits to check that business operations in each department are executed fairly and reasonably, abiding by articles of association and company regulations. In this system the auditing results are reported to the President and CEO.
Also, with the goal of integrating the structure, preparation, operation, and evaluation of internal controls related to financial reports, Internal Control Council meetings are held presided over by the President and CEO, for supervising the preparation progress of the system, along with making continuous improvements, to improve the corporate value.

Risk management system setup

A Risk Compliance Committee presided over by the President and CEO is in place to adequately manage the risks which surround our business to support the setup of risk management systems for each department. Also, basic rules and regulations for risk management are set up from a company-wide perspective, and the risks which have potential to impede the managerial activities of each department are organizationally and systematically arranged and attended to so that risk occurrences are prevented and damages are kept to a minimum on the occasions that they do occur. Committees are established individually for risks related to the quality, environment, and health and safety, and they coordinate with each department to implement countermeasures for the prevention, avoidance, and management of these risks.
Also, the Internal Audit Division audits to check that execution of business is implemented appropriately, and that compliance and risk management systems that include subsidiaries are administered appropriately, and then the audited results are reported to the President and CEO.

Environmental initiatives


Fundamental Concepts for Environmental Conservation

Fuji has taken a fixed stance on the challenge of conserving the environment and the entire company is working hard so that the abundant and beautiful natural environment around us can be inherited by future generations.
The fundamental concepts for conserving the environment are shown below.

Basic Environmental Plan

Fuji Machine Manufacturing Co., Ltd. recognizes that conservation of the environment is the most important issue common to all humanity and that corporate activity must consider environmental issues.

Action Agenda (7 commitments)

  • 1.Fuji, whose main products are machines for automatic assembly of electrical components and tooling machines, will develop and produce these machines while carefully considering the environment.
  • 2.We will make plans to continually improve our environmental management system and to prevent pollution.
  • 3.We will comply with environmental regulation laws applied to this company and any other requests with which we agree.
  • 4.In order to fulfill this environmental plan we will endeavor to periodically review the specified environmental aims.
  • 5.We will reduce waste and implement the effective use of resources and energy in the workplace.
  • 6.We recognize that we are located close to the Yahagi river water system and will endeavor to reduce hazardous substances to preserve the water system and its natural environment.
  • 7.We will endeavor to keep all employees informed of the environmental plan by means of environmental education and internal publications.
    Furthermore, we will proactively engage in communication concerning the environment with related government agencies, local residents and companies with which Fuji does business.

Revised in May 2009

Fuji gets involved in various areas related to the environment

Energy efficient factories

Energy efficient factories

Air conditioning powered by geothermal energy (earth tubes) was introduced, resulting in significant energy savings.
Earth tubes is a technique for supplying heating and cooling to the air in a building from tubes buried in the ground.
This reduces the load on air conditioning and energy consumption. In addition to reducing air conditioning costs, CO2 emisions are reduced, which contributes to preserving the environment. (Fujioka factory).

Electricity consumed per 10,000 CPH*

Developing low energy products

The graph to the left shows the amount of consumed electricity required to achieve 10,000 CPH (placement count for electronic parts per hour).
In comparison with the NXT II, an older machine, the NXT III can produce the same volume using 74% of the electricity.
Compare to the CP643, a machine of previous series, the NXT III can produce the same volume using 12% of the electricity.

*Value measured under Fuji conditions.

Support for International Standards (ISO14001)

ISO 14001 (Environmental management systems) accredited

Certification Authority: Bureau Veritas Japan Co., Ltd
Registration No: 3373044
Accreditation Coverage: All factories (Head Office, Fujioka Plant, Okazaki Plant)




International Standards (ISO)

ISO 9001 and ISO 14001, specified by the International Organization for Standardization, accredited.


IR

Communication with stockholders and investors

(1) To build a long-term, stable relationship with all our stockholders and investors, we allocate profits appropriately and disclose information in a suitable, impartial, and timely manner.

(2) We hold informational sessions for institutional investors and analysts every second quarter and after each end-of-term settlement. We aim to communicate with stockholders and investors through various means such as attending different types of conferences and through international investor relations.

(3) This website is maintained with the intention that corporate overview information and financial information is disclosed in a timely and easy-to-understand manner.

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