Risk Management System and Process

Risk Management System

GEESYS’s business divisions and affiliated companies are responsible for managing risk related to their business activities as a part of their business duty, developing appropriate risk management systems, and implementing risk countermeasures. Additionally, significant risks, such as those related to business plans and large-scale investments, are reported at the Executive Committee as appropriate to facilitate the sharing of information. The internal auditing divisions conduct regular audits to confirm whether or not risk management is being properly performed at each business division and affiliated company.

Risk Management Process

When annual budgets are formulated, business divisions and affiliated companies understand and evaluate risks related to their business activities. Policies and countermeasures in response to risks (aversion, mitigation, relocation, retention, and so forth) are considered based on their impact on management and frequency of occurrence, and each division and affiliated company appoints a person in charge of policy and countermeasure execution. We also conduct mid-year progress checks at the end of the second quarter of each fiscal year to improve and effectively implement risk countermeasures.

Strengthening Our Business Continuity Capabilities

In order to uphold its social responsibilities as a company, GEESYS aims to continue core operations even if natural disasters, accidents, and other unexpected events occur by providing a stable supply of high-performance, high quality products and services required by its customers.

• Fire safety and disaster-preparedness initiatives
• Procurement BCP
• IT risk reduction
• Responding to COVID-19

Measures to Prevent Infringement of Intellectual Property Rights

As part of our intellectual property activities, we employ a system to monitor other companies’ patents on a daily basis to prevent any inadvertent infringement of patents held by third parties. To prevent infringement, we also conduct compliance program training. We also conduct compliance training for employees as part of our effort to prevent infringements. With respect to our own technologies, we actively acquire patent rights to protect our business. GEESYS continues to address overseas intellectual property issues and implement measures against counterfeit products to minimize business risks related to intellectual property