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.

The Group has 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 compliance violation cases, and measures to prevent violations and recurrences. 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.
Whistleblowing reports are accepted anonymously, and for non-anonymous reports, we limit the scope of information being shared about the whistleblower according to their wishes. We also prohibit the dismissal or disadvantageous treatment on the grounds of whistleblowing. This policy is clearly stated in our internal regulations and thoroughly made known to our employees.

NISSIN FOODS Group Internal Whistleblowing Contacts
  • ・Contact point attended by the Compliance Group, Governance 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 online contact point accepts reports 24 hours a day throughout the entire year)

Reporting and Corrective Action Process

In the NISSIN FOODS Group, processes for the reporting of discriminatory behavior or harassment and taking of corrective action as well as 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 contents of training are split by grade, such as covering the prevention of discrimination in new employee training, which is a fundamental of compliance, and covering the attitude as a supervisor and the compliance promotion system in new manager training.

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

Related Information and Data

Number of Compliance Violations in FY 3/2024 (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: 0
  • *Includes corruption, bribery, conflicts of interest, and money laundering

Number of Reports and Consultations Made to Internal Whistleblowing Contacts

  • ・FY 3/2019 : 72 cases
  • ・FY 3/2020 : 60 cases
  • ・FY 3/2021 : 63 cases
  • ・FY 3/2022 : 60 cases
  • ・FY 3/2023 : 70 cases
  • ・FY 3/2024 : 66 cases

Whistleblowing Details and Examples of Response in FY 3/2024

Whistleblowing Details
Workplace bullying and abuse, sexual harassment, and other types of harassment
Response Measures
  • ・Measures to prevent reoccurrences are considered based on the results of investigations
  • ・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)

FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024
Lobbying activities 0 0 0 0
Expenditures for political activities and political organizations 5 5 5 5
Expenditures for trade associations or tax-exempt organizations 14.47 13.93 16.12 81.6
Others (Referendum expenses, etc.) 0 0 0 0
Total 19.47 18.93 21.12 86.6

Corporate Taxes Paid by Geographical Area (FY 3/2023)

  • China : China (incl. H.K.)
  • The Americas : U.S., Mexico, Brazil
  • Asia : Thailand, India, Singapore, Indonesia, Vietnam, Cambodia, etc.
  • EMEA : Germany, Hungary, Belgium, Turkey
Tax Policy
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