NISSIN FOODS GROUP

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Compliance

Policies

The NISSIN FOODS Group Ethics Regulations clearly states that all employees working in the Group shall comply with the relevant laws and regulations in the execution of their day-to-day duties and act in a way that conforms to social ethics. The Ethics Regulations are regularly reviewed and revised as circumstances demand. Behavior is also prescribed in the Group’s Code of Conduct (see below) and employees are educated through training, the distribution of handbooks, and other means.

NISSIN FOODS Group Ethics Regulations Code of Conduct (Excerpt)

  • ・Employees shall support internationally recognized human rights protection standards and respect the basic human rights of all people. They shall not conduct any actions that impair the dignity of any individual.
  • ・Employees shall not discriminate against anyone on such grounds as nationality, ethnicity, religion, gender, age, social status, disability, or the like.
  • ・Employees shall not engage in harassment based on the status, authority, gender, or any other factor.
  • ・Employees shall strive to prevent corruption in any form, including coercion based on a dominant bargaining position or bribery for the purpose of gaining or maintaining a business advantage.

In addition, we have separately established our Anti-Bribery Policy, which provides details regarding the prohibition of bribery as well as the prohibition of entertainment or gifts to public officials and others. Anti-bribery prevention measures, violations, and the number of violations are reported to the Compliance Committee, which is chaired by the chief strategy officer (CSO) of NISSIN FOODS HOLDINGS, and the Board of Directors.

Anti-Bribery Policy

Structure

Compliance Committee

In accordance with the NISSIN FOODS Group Compliance Regulations, compliance managers are appointed to the main divisions of NISSIN FOODS HOLDINGS and each Group company. In addition, the Compliance Committee, chaired by the chief strategy officer (CSO) of NISSIN FOODS HOLDINGS, generally meets quarterly. The Compliance Committee discusses ways to strengthen compliance and examines internal whistleblowing system consultation and reporting trends, reports on actual cases, and preventive and recurrence prevention measures. Meanwhile, compliance managers implement training within their respective divisions and explore measures for preventing compliance violations, among other efforts.
The Board of Directors supervises the execution of duties by the Compliance Committee and the relevant departments and regularly deliberates on the compliance structure and the status of compliance strengthening activities.

Internal Whistleblowing System

The NISSIN FOODS Group has established internal whistleblowing contacts to enable early discovery of law and regulation violations, violations of internal regulations, or other such acts, thereby helping to prevent scandals and improve the soundness of management.

NISSIN FOODS Group Internal Whistleblowing Contacts
  • ・Contact point attended by the Compliance Group, Legal Division, NISSIN FOODS HOLDINGS
  • ・Contact point attended by a full-time Audit & Supervisory Board member of NISSIN FOODS HOLDINGS
  • ・Contact point attended by an attorney
  • ・Contact point attended by an outside contractor

The NISSIN FOODS Group Internal Whistleblowing Regulations also establish a duty of confidentiality, as follows.

Duty of Confidentiality (Excerpt from Internal Reporting Regulations)
  • ・Persons involved with whistleblowing contacts, persons involved in investigations originating from whistleblowing, and persons involved in corrective action (collectively, “persons engaged in responding to whistleblowing”) shall not, without good reason, disclose to a third party any personal information about whistleblowers or other parties, details of whistleblowing disclosures, or information obtained through investigations. The same applies to whistleblowers or other parties and persons who cooperate in investigations.
  • ・Persons who disclose information without good reason may be punished in accordance with the employment regulations of the relevant companies.
  • ・The chairperson of the Compliance Committee, persons responsible for execution, and employees belonging to the Compliance Group of the Legal Division are deemed persons engaged in always responding to whistleblowing. Other persons engaged in responding to whistleblowing shall be designated by persons responsible for execution as required.
  • ・If a whistleblowing contact point is to be established outside a company, the person responsible for execution shall designate persons engaged in responding to whistleblowing.
  • ・The full-time Audit & Supervisory Board member in charge of the internal whistleblowing contact point attended by a full-time Audit & Supervisory Board member shall be deemed a person engaged in always responding to whistleblowing. Other persons engaged in responding to whistleblowing shall be designated by the full-time Audit & Supervisory Board member as required to respond to items fielded through this contact point.
  • ・The committee secretariat shall endeavor to draw attention to the importance of proper information management by whistleblowers or other parties when providing information or training to employees and when receiving whistleblowing disclosures.

Reporting and Corrective Action Process

In the NISSIN FOODS Group, processes for reporting discriminatory behavior or harassment and taking corrective action, and the details of disciplinary action are determined in line with the NISSIN FOODS Group Compliance Regulations.

NISSIN FOODS Group Compliance Regulations (Excerpt) [PDF 311KB]

Regarding harassment, the Code of Conduct within the NISSIN FOODS Group Ethics Regulations prohibits workplace bullying and abuse, sexual harassment, and all other behavior that harms the dignity of individuals in the context of authority, status, or gender. Violations of the Regulations, whether intentional or as a result of gross negligence, will be severely punished (e.g. punitive dismissal, demotion, suspension, or pay cut) in accordance with employment regulations and other rules of the relevant Group companies.

Initiatives

In the NISSIN FOODS Group, a wide variety of initiatives are implemented to prevent problematic behavior by employees, including conduct that violates laws and regulations or goes against social norms, workplace bullying or abuse, and sexual harassment.

Employee Training to Prevent Discrimination and Harassment

All employees of the NISSIN FOODS Group in Japan receive training to prevent discrimination and harassment from occurring in the workplace or in interaction with suppliers.
The Compliance Book distributed to employees contains case studies that provide an outline of laws, regulations, and social norms that need to be observed in the context of relationships with suppliers, information management, and forms of harassment like workplace bullying and abuse and sexual harassment.

Other Initiatives

In the NISSIN FOODS Group, the following kinds of measures are implemented to heighten employee awareness about compliance.

  • ・In-house display of awareness-raising posters
  • ・Compliance knowledge checks (mini-tests)
  • ・In-house streaming of video on risk management

Related Information and Data

Number of Compliance Violations in FY2023 (Coverage: Group Companies in Japan)

  • Number of Code of Conduct or law and regulation violations relating to anti-corruption*: 0
  • Legal actions for anti-competitive behavior, anti-trust, and monopoly practices: 0
  • Scope of compliance training：All NISSIN FOODS Group company employees in Japan
  • Number of cases of discrimination or harassment: 4
  • *Includes corruption, bribery, conflicts of interest, and money laundering

Number of Reports and Consultations Made to Internal Whistleblowing Contacts

  • ・Fiscal 2019 : 72 cases
  • ・Fiscal 2020 : 60 cases
  • ・Fiscal 2021 : 63 cases
  • ・Fiscal 2022 : 60 cases
  • ・Fiscal 2023 : 70 cases

Whistleblowing Details and Examples of Response in FY2023

Whistleblowing Details
Workplace bullying and abuse, sexual harassment, and other types of harassment
Response Measures
  • ・Investigations were carried out in cases where it was determined an investigation was required
  • ・Necessary disciplinary action was taken against parties in cases where serious compliance violations were confirmed

Political Donations and Other Expenditures by NISSIN FOODS HOLDINGS

(million yen)

FY2020 FY2021 FY2022 FY2023
Lobbying activities 0 0 0 0
Expenditures for political activities and political organizations 600 500 500 500
Expenditures for trade associations or tax-exempt organizations 1,383 1,447 1,393 1,612
Others (Referendum expenses, etc.) 0 0 0 0
Total 1,983 1,947 1,893 2,112

Corporate Taxes Paid by Geographical Area (FY2022)

Tax Policy
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