Risk Management

Risk Management Efforts

Under the Group Risk Management of its parent company, Seiko Group Corporation, SII promotes risk management centering on the CSR Committee chaired by the President. We identify risks each fiscal year, evaluates them in terms of impact and likelihood of occurrence, and regularly confirms the progress of risk countermeasures. Business risk situations are also monitored at the management meetings.

Emergency Response

In preparation for large scale disasters, which represent one of the risks, we have provided each employee with a helmet. After a disaster strikes, in anticipation that it may be temporarily difficult for employees to return home due to traffic restrictions and road disruptions, etc., we have systematically prepared water, food, emergency blankets, and other emergency supplies. In addition, we have equipped the head office and each unit with emergency radios so that we can communicate with each other even in the event of a failure of the public communication network.

SII manufacturing sites implement initiatives to prevent production interruption, aiming to continually provide products even when a risk arises. The examples of our wide-ranging risk management are operational improvements at the local-working level and radical improvement which requires equipment investment. We operate a system whereby Group employees and other personnel who become aware of the occurrence of a serious accident, etc., report to the President or other appropriate executive.

Activity Example: Development of Comprehensive Risk Management Manuals at International Sites

In 2016, SII's international sites completed the preparation of comprehensive risk management manuals addressing various hazards, including fire, typhoon, earthquake, and highly toxic infectious diseases. Since 2017, they have been developing comprehensive risk management manuals that integrate multiple hazards specific to each site. For instance, manufacturing sites face risks related to environmental pollution from chemical substances, while sales sites may encounter risks such as theft or loss of life due to intruders. We aim to ensure the safety of employees and company assets by sharing preventive measures, risk minimization strategies, and action standards with all employees.