Risk Management

Meiko has created a set of Crisis Management Regulations, and also BCP Basic Policy and Emergency Manual thereunder, which assume a variety of risks associated with environments,disasters, quality and information security. We have also created a Business Continuity Plan(BCP) for each of our factories to minimize impact on the customer’s production plan in preparation for emergencies. As a measure to prevent information related crises, we have set up a server at the Yamagata Factory as well as at Headquarters and we constantly back up our data to the additional server. In the event of a disaster or accident, we will immediately set up an Emergency Headquarters led by the President & CEO, and we have prepared an organization to determine the cause,assess the situation and take comprehensive future measures, to quickly cope with risk and prevent reoccurrence.

Risk Management

Many risks could potentially affect the Meiko’s operating environment, including risks of natural disasters such as earthquakes and tsunamis, changes in the management environment such as currency fluctuations and changes in macroeconomic conditions, and country risk at overseas bases relating to politics, economics, and infrastructure.Meiko has created the Business Continuity Plan (BCP) for each site in preparation for emergencies. These plans describe various measures against relevant risk factors,ranging from a consideration of risk prevention measures to post-disaster recovery work. We also reinforce our risk management system through ERM (Enterprise Risk Management) activities.

Introduction of employee safety confirmation system

We introduced a safety confirmation system for all employees in Group companies in Japan, as well as employees stationed overseas, in order to confirm the safety of employees and convey information in the event of an earthquake with a seismic intensity of 5 lower or higher, or other disasters or accidents. We perform company-wide educational training twice a year to ensure effective use of the system in the event of disasters.

Information security initiatives

Meiko conducts business impact analyses of various risk factors, and creates manuals for each site setting the recovery time objective (RTO) and simulating initial emergency response systems. We will continue to regularly perform BCP reviews as well as simulation drills, equipment and supply preparation, and employee awareness raising in order to ensure that BCP can be carried out smoothly.