Minebeamitsumi Group CSR Report 2017
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MinebeaMitsumi Group CSR Report 2017 ミネベアグループ CSRレポート 2017 CSRレポート ミネベアグループ MinebeaMitsumi Group CSR REPORT 2017 MinebeaMitsumi Group CSR Report 2017 Contents Editorial Policy Contents•Editorial Policy•Corporate Profile ���������������1 On January 27, 2017, Minebea Co., Ltd. had business integration with MITSUMI ELECTRIC CO., LTD. by converting Commitment from the CEO . 3 MITSUMI ELECTRIC CO., LTD. into a wholly owned subsidiary Hot Topics ������������������������������������������������������������������������������������������ 5 through a share exchange. Subsequently, the company became Global Promotion of CSR Procurement . 5 MinebeaMitsumi Inc. We publish the MinebeaMitsumi Group Promotion of Globally Active Personnel . 6 CSR Report annually as a way to inform our stakeholders of MinebeaMitsumi Products in Society �������������������������������7 our Group’s CSR approach and initiatives. In the report for FY2016, we present special features The New Value Creation Which highlighting the new value creation achieved through the Special synergy of business integration; and also a summary of Feature 1 MinebeaMitsumi Aims for by Leveraging the Synergy of Business Integration . 9 activities that we are independently undertaking through our bases worldwide to contribute to educating the next generation as a manufacturing company. Contributing to Educating Special We also continue to share the progress of our specific the Next Generation Feature 2 CSR initiatives in the pages of our "Management Report," as a Manufacturing Company . 13 "Social Report," and "Environmental Report" sections. Note that because the a large part of the period covered by this report falls prior to the business integration, activities Management Report described include those undertaken under the structures before the business integration. CSR Promotion Activity Goals and Results ������������� 17 We consider the publication of the CSR Report to be an MinebeaMitsumi Group CSR ...................... 19 important means of communication with stakeholders, and in keeping with this approach, we have endeavored to make Compliance .......................................... 21 the contents relevant and clear. We always appreciate Risk Management .................................. 22 receiving forthright opinions and feedback from our readers. Social Report ● Scope of report Relationships with Customers ............... 23 MinebeaMitsumi and 97 group companies Relationships with Employees ............... 25 ● Period covered by this report Relationships with Suppliers . 28 FY2016 (April 1, 2016–March 31, 2017) Relationships with Local Communities However, this includes some activities before this period and Global Society .......................29 and from FY2017. Relationships with Shareholders ............. 31 ● Publishing information Environmental Report Published September 2017 (previous edition published September 2016; next edition planned for September 2018) Environmental Management . 32 Initiatives for Preventing Global Warming ...... 34 ● Referenced guidelines Initiatives for Effective Use of Resources ...... 35 Japanese Standards Association, ISO 26000:2010 (Guidance on social responsibility) Initiatives for Reducing Impacts GRI “Sustainability Reporting Guidelines” (4th edition) on the Environment ....................... 36 Japanese Ministry of the Environment "Environmental Product-related Initiatives for the Environment . 37 Reporting Guidelines" (2012 edition) Third-party Opinion........................ 38 ● Enquiries regarding this report CSR Promotion Office, Personnel & General Affairs Headquarters, MinebeaMitsumi Inc. TEL: +81-3-6758-6724 1 MinebeaMitsumi Group CSR Report 2017 Corporate Profile (as of March 31, 2017) Sales by business segment (FY2016) Corporate name MinebeaMitsumi Inc. Mitsumi Business 6% Other 0% (40,342 million yen) (658 million yen) Headquarters 4106-73 Oaza Miyota, Miyota-machi, Kitasaku-gun, Nagano 389-0293, Japan Machined Components 25% TEL: +81-267-32-2200 (156,310 million yen) Electronic Devices Tokyo Head Office 3-9-6 Mita, Minato-ku, Tokyo 108-8330, and Components 69% Japan (441,615 million yen) TEL: +81-3-6758-6711 Established July 16, 1951 Total production by region (FY2016) Capital 68,258 million yen North America Europe Representative Yoshihisa Kainuma, Representative 3% 6% Other Director, CEO and COO Japan 1% 4% Main business Machined component business, Philippines 3% Thailand electronic devices and components 59% China business 17% Cambodia Singapore 4% Net sales Consolidated: 638,926 million yen 3% Operating income Consolidated: 49,015 million yen Sales by region (FY2016) Ordinary income Consolidated: 48,393 million yen Other Net income attributable 11% Consolidated: 41,146 million yen to owners of parent Europe China Number of employees Consolidated: 78,957 people 10% 32% Number of consolidated 89 companies United States Japan subsidiaries and affiliates 27% 15% Thailand 5% Information available on the CSR website: http://www.minebeamitsumi.com/english/corp/environment/ The MinebeaMitsumi Group website is regularly updated to provide information on corporate governance and other detailed information on activities not included in this report. The website also offers information for investors. Please refer to the website for these types of information. Information for investors CSR Report 2017 detailed data Recent CSR activities Corporate governance information MinebeaMitsumi Group CSR Report 2017 2 Commitment from the CEO Looking Back on FY2016 On January 27, 2017, Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD. conducted a business integration of the two companies, with Minebea Co., Ltd. allocating its shares to MITSUMI ELECTRIC CO., LTD. shareholders at a ratio of 1:0.59 and MITSUMI ELECTRIC CO., LTD. becoming its fully- owned subsidiary. We changed our company name to MinebeaMitsumi Inc. and embarked on a new start. During FY2016, we focused efforts on extensive cost-cutting, development of high value-added products and new technology, and marketing activities in order to realize further enhancement of profitability. As a result, for FY2016, we posted consolidated net sales of 638,926 million yen, an increase of 4.8% over the previous year. Our consolidated operating income declined 4.7% to 49,015 million yen, while our net income increased 13.1% to 41,146 million yen. We thereby recorded our highest ever consolidated net sales and net income. The MinebeaMitsumi Group now offers a wide Yoshihisa Kainuma Representative Director product portfolio combining Mitsumi Electric’s CEO and COO specialized range of input, conversion, and control MinebeaMitsumi Inc. devices and Minebea’s range of output devices. We Thailand, and China while strengthening our systems will fully exercise these strengths in order to achieve for promoting CSR collaboratively with suppliers. even more rapid business expansion. The key to this Furthermore, it is important for us to contribute to is the development of new devices for the Internet of the local community wherever our bases are located, Things (IoT). Until now, the Internet has connected both in Japan and overseas. We conducted hands-on people to other people and to information, however work experience programs at each of our offices and now we are in an age when it is used to connect production sites for the next generation who will be devices to each other. Through business integration, responsible for manufacturing, and we continue to we are able to consolidate diverse core technologies provide support for local facilities and events. to accelerate development of new, essential devices for the era of IoT in the fields of automobiles, health New Challenges Utilizing our care, and infrastructure. Combined Strengths Meanwhile, we are also aware of the increasing requirement for corporate social responsibility. In order As a manufacturer of precision products supporting to strengthen our CSR globally, it is imperative to have society, the MinebeaMitsumi Group is working in the cooperation of all of our stakeholders. We will pursue accordance with its Basic CSR Policy “to contribute to the spirit of the Five Principles, our company credo, as a the sustainable development of the global environment Group, and further enhance our corporate value. and of humanity.” Following business integration, Regarding our supply chain overall, we conducted we have worked to contribute to the development a survey of CSR procurement practices in Singapore of society by making it our priority to propose and and Malaysia, following similar surveys in Japan, provide products and new solutions that leverage the 3 MinebeaMitsumi Group CSR Report 2017 respective strengths of Minebea and Mitsumi Electric. regions where long-lasting demand is forecast. We do Commitment from For example, in automotive devices, we are not intend to aim for short-term revenue and profit, but the CEO promoting development of products combining instead have indicated our Group’s intention to strive advanced sensor technology, such as is used in strain for expansion of a portfolio of new products from a gauges, with the optical technology such as that used medium- to long-term perspective. for LED backlights. Meanwhile, we have concluded joint business development agreement with Ricoh Offering New Value with “Passion to Hot Topics Co., Ltd. and plan to soon commercialize bed sensors. Create Value through Difference” We hope to make this the platform for the healthcare business of the MinebeaMitsumi Group. Nothing is more important