Hioki Group Policy

We value integrity, humility, honesty, gratitude, and ethics based on The Hioki Philosophy.

Basic Principles

Respect for the individual

• Each and every employee of the Group respects diversity, accepts each other's individuality, and strives to utilize this in order to achieve the highest performance.
• We aim for each and every employee of the Group to realize their personal purposes (what they want to achieve, challenge, and contribute) through the company's business.

Human Rights

• In accordance with the fundamental principles of international human rights, we respect human rights in all corporate activities and do not condone acts of discrimination or violations of human rights.
• We expect our stakeholders to endorse and act in accordance with the fundamental principles of international human rights in their corporate activities.
• We are committed to establishing mechanisms to identify, prevent, mitigate, and remedy potential negative impacts on human rights caused by our corporate activities.

Labor

• We recognize the right of employees to freely organize and participate in labor organizations, regardless of region or nationality.
• We strive to improve the working environment through regular and sincere dialogue with labor organizations, fostering cooperation between labor and management.
• We prohibit child and forced labor and are committed to identifying, preventing, mitigating, and remedying risks within our supply chain.
• In employee recruitment, we ensure fair selections based on individual aptitude and ability, and do not engage in discriminatory practices.
• In compliance with the laws and regulations of each country and region, we conclude employment contracts with clear and agreed-upon working conditions.

Environment

• As a member of the local community, we actively engage in environmental preservation activities and contribute to the reduction of CO2 emissions.
• Through electrical measurement, we promote effective use of energy for our customers and contribute to the realization of a sustainable society.
• We strive to understand the risks and opportunities related to climate change and disclose information on our efforts to address them.

Anti-Corruption

• We strive to ensure transparency in all our corporate activities and do not permit any unfair profit sharing.
• We prohibit corrupt practices such as breach of trust, embezzlement, collusion, and insider trading, and take strict action against violations.
• We define standards for preventing corrupt practices in our Employee Code of Conduct and engage ongoing awareness-raising activities.

Corporate Social Responsibility

Compliance

• We comply with the laws and regulations of each country and region in all corporate activities.
• Based on the Hioki Group Policy, we clearly define the decision-making criteria for corporate activities and establish written internal rules.
• We develop a responsible supply chain in line with the Guiding Principles on Business and Human Rights.
• We endorse and actively promote initiatives related to international cooperation.

Corporate Governance

• We maintain a governance structure for fair and transparent decision-making.
• We continuously engage in constructive dialogue with our stakeholders and fulfill our social responsibility to meet their expectations and trust.
• We disclose management information appropriately and proactively to enhance management transparency.
• We establish policies under a compliance promotion framework with clearly defined responsibilities, and conduct ongoing awareness activities and training.
• We manage risks in all corporate activities in preparation for changes in the environment both within and outside the Group.
• We aim to become a company that permanently grows and develops by improving management efficiency and securing appropriate profits.

Business Ethics

• With a strong ethical commitment to neither engage in nor tolerate misconduct, we drive all corporate activities forward and take strict action against violations.
• We have a clearly defined Employee Code of Conduct and carry out corporate activities with integrity and sound judgment.

Stakeholders

Occupational Health and Safety

• We comply with the laws and regulations of each country and region, and actively engage in occupational health and safety initiatives.
• We provide a fair and safe working environment for all employees and strive to maintain and improve it.
• We place the highest priority on the safety and mental and physical health of our employees, providing a safe and comfortable work environment.
• We identify, evaluate, and address risks in the workplace, and respond quickly and appropriately in the unlikely event of an emergency.

Whistleblowing

• We provide an environment in which employees and stakeholders can report legal violations or ethically problematic conduct through the Whistleblowing System.
• We ask that anyone who becomes aware of any suspicious behavior or signs of corruption report it promptly through the Whistleblower System.
• We promptly and fairly investigate whistleblower reports and take appropriate action.
• We protect the anonymity of whistleblowers and ensure they do not face any disadvantages or retaliation.

Business

Product Development

• We propose high-value products and services, contributing to the resolution of societal issues by addressing our customers' challenges.
• We strive for advanced technological development based on a deep understanding of the market and technology, aiming to create unique products and services.
• We are committed to the development, production, and sales of products that prioritize resource and energy conservation as well as the reduction of environmental impact.
• To earn our customers' trust and ensure safety, we take responsibility for all processes—from design to after-sales service—and deliver high-quality products and services.

Quality Management

• We are committed to maintaining and continuously improving quality in accordance with our quality management system.
• We strictly adhere to conformity standards and established criteria and do not allow fabrication or falsification of any data.
• We promptly report and address any quality-related doubts or issues that may arise, and maintain highly reliable service by utilizing the resources of the entire Group.

Compliance with Competition Laws

• We comply with the competition laws (antitrust laws) of each country and region, and do not permit any conduct that hinders fair and free competition.
• We do not tolerate unfair restraint of trade, such as cartels and bid rigging, or acts of abuse of a dominant market position.
• We do not permit any actions that violate competition laws, including resale price restraints and tying sales.

Fair Trade

• We comply with the unfair competition prevention laws and regulations of each country and region, and will not permit any conduct that unreasonably interferes with the business activities of other companies.
• We ensure that strict action will be taken against illegal activities in any and all transactions.
• We prohibit the abuse of a superior position and strive to build fair and transparent relationships with our stakeholders.
• We support the framework of the international collaboration on security, including non-proliferation of weapons of mass destruction, and ensure that transactions are conducted with by clear identification of counterparties and the intended use.
• We do not tolerate any inappropriate entertainment or gifts with business partners, or any relationship with antisocial forces.
• We hope that all stakeholders will share the Hioki Group Policy and work together with us towards its implementation.

Asset Management

Security

• We strive to enhance office security by identifying, assessing, and addressing security risks, while promoting awareness and ensuring continuous education and improvement.
• We strictly manage personal information in accordance with the laws and regulations of each country and region.
• We recognize that confidential information acquired through corporate activities is a valuable asset, and we will foster a corporate culture of high security awareness.
• We establish an information security policy under a security framework with clearly defined responsiblities, and manage and operate information assets responsibly.

Intellectual Property

• We recognize intellectual property is a vital asset and encourage inventions that drive solution-focused.
• We promote the acquisition of intellectual property rights and contribute to the enhancement of brand value through the effective utilization of acquired rights.
• We strictly manage our intellectual property, know-how, and technical information in accordance with the laws and regulations of each country and region.
• We respect the intellectual property rights of others and ensure thorough investigation and measures to prevent any infringement of those rights.

Finance/Tax

• We maintain a balanced and robust financial foundation by appropriately managing financial and non-financial information.
• We implement appropriate financial practices in accordance with laws and accounting standards.
• We strive to realize our corporate philosophy of "Contribution to Society" through appropriate tax payments in compliance with the tax systems of each country.
• We ensure transparency in financial information and enhance corporate credibility through appropriate information.