Philosophy and Value Creation Process

We will contribute to realizing a sustainable future for society through our business operations, and strive to enhance our corporate value across the entire Group in order to generate steady profits and give back to society.

• We continue to create new value with the aim of addressing social issues.

• We generate steady profits and pay appropriate taxes.

• We safeguard and manage company assets properly, and use them only for legitimate business purposes.

• As a good corporate citizen, we work with communities and engage in activities that help develop a better society.

We will act ethically and exercise common sense and good judgment, comply with relevant laws and regulations, and respect the letter and spirit of international norms.

• We observe and comply with relevant laws and regulations, as well as our company rules. We strive to always act with integrity and take responsibility for our own actions.

• We clearly separate business and private matters at all times, and do not use our professional positions for personal gain.

• We engage in fair and free competition, appropriate transactions, and responsible procurement.

• We do not bribe public officials. We do not engage in any behavior that may be perceived as collusion with political bodies or government agencies.

• We do not offer nor accept entertainment or gifts that deviate from social norms.

• We do not engage in insider trading.

We will actively work to address environmental issues in order to create a circular world as well as conserve and restore the global environment.

• We engage in sound forest management in order to develop sustainable forest resources and maximize their value.

• We actively work on saving resources and recycling to promote resource circularity.

• We properly manage and work to reduce emissions and waste from our business operations, and ensure that we procure raw materials produced in an environment where chemical substances are properly controlled.

• We conduct research and development on manufacturing technologies as well as products and services that are in harmony with the environment.

• We work to reduce our greenhouse gas emissions and save energy to address climate change. We also undertake measures to adapt to climate change.

• We conserve the air, soil, water and biodiversity in recognition of the importance of natural capital, and strive to balance our business operations with the sustainable use of ecosystem services, with the aim of thriving together with local communities.

We will respect the human rights of all people through our business practices.

• We do not tolerate any form of discrimination or harassment and respect diversity, identity and individuality, and act with consideration for others.

• We respect the basic rights of workers and will not tolerate forced labor or child labor.

• We promote efforts that respect human rights and the rights of local communities in our supply chain, and strive to live in harmony with local communities while working for their development without violating human rights.

We will properly manage the information obtained through our business practices and respect intellectual property rights.

• We properly and rigorously manage important information, including business information, information concerning intellectual property rights, customer information, other personal information, and other non-public information obtained in the course of business or within the company.

• We do not obtain customer information or information on competing businesses through unlawful means, nor use such information for private purposes.

• We respect the intellectual property rights of others and work to create superior inventions that will help develop a better society.

We will implement comprehensive crisis management across our organization to prepare for any threats to our corporate activities.

• We work to develop and operate a crisis management system across our organization.

• We prepare for any emergencies such as terrorist attacks, cyberattacks and natural disasters in order to enhance our business continuity capabilities.

• We do not create any ties with organized crime groups.

We will develop and provide products and services that are safe and socially beneficial in order to delight our customers and win their trust.

• We consistently provide high-quality, safe and environmentally responsible products and services that are produced with respect for human rights.

• We provide accurate and fair product information such as quality labeling, and communicate in good faith so that our customers can make rational choices.

• We take every opportunity to properly meet the needs of our customers and earn their satisfaction and trust.

We will disclose corporate information actively and fairly, and engage in constructive dialogue with all our stakeholders.

• We actively disclose not only management-related information but also fair and reliable information on our environmental initiatives and community engagement efforts to all our stakeholders, including customers, consumers, shareholders, investors, business partners, local communities, government agencies and employees.

• We work to promote understanding from a wide range of stakeholders through constructive dialogue, collect feedback from the public, and reflect it in our business operations.

We will strike a balance between our corporate development and the well-being of individual employees, and respect diverse work arrangements, in order to create a company where each employee can work with pride and positive outlook in a safe and healthy workplace.

• We promote occupational health and safety in the workplace in order to create a safe and comfortable working environment for all workers.

• We work to enhance physical and mental health.

• We share goals, value teamwork, and act to fulfill our individual roles within the organization.

• We work to improve our skills and abilities that benefit both the company and the individual.

• We always act with a spirit of challenge in the face of various changes in the social landscape.