Nitto Group Report 2017

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1Nitto Group Report 2017Corporate PhilosophyEditing PolicyEditing PolicyThe Nitto Group compiles its nancial and non-nancial information in the form of the Nitto Group Report, which is then published to inform every stakeholder of the overall picture of the Nitto Group and its business undertakings over the previous scal year. Since this volume is compiled with a broad spectrum of readers in mind, only the topics deemed most important are covered. Please refer to our corporate website for more details and relevant information.To celebrate the rst centennial of our founding in October 2018, we have once again included the proud history of our company and messages for the future in the Nitto Group Report 2017. We would be delighted if this report can help readers to understand how the Nitto Group became what it is today and where it is headed going forward.This report is available in Japanese, English and Chinese, and can be found on our website.ScopeThe report covers the business activities of the 106 companies of the Nitto Group, which include 103 consolidated subsidiaries and 2 afliates, as of March 31, 2017.Time PeriodFiscal 2016 (April 1, 2016 - March 31, 2017)Some performance and activities from periods other than the above are also included.Reference Guidelines•This report has been compiled in accordance with the Core option of the G4 Sustainability Reporting Guidelines issued by the Global Reporting Initiative (GRI).•The International Integrated Reporting Framework of the International Integrated Reporting Council (IIRC) has also been referred to.The Nitto Way Concrete Thoughts and Actions■We place safety before everything else•Achieve zero accidents and injuries.•All employees must work together to establish a safe and secure workplace.■Amaze and inspire our customers•Exceed customers’ expectations to have them say, “This is exactly what we wanted!”•Work with customers and create new societal values.•Customer satisfaction brings value to our stakeholders.■Anticipate and leverage change•Go to the eld to sense changes in society and the market.•Rapidly link sensed changes to actions.•Rene our strengths, and aim to become the company customers want to consult with rst.■Take on challenges for new value creation•Continue to take on challenges, even if we fail in the short-term, rather than do nothing for fear of failure.•Embrace change, exercise curiosity, and take the rst step forward.■Act promptly and follow through on your decisions with determination•Take the rst step forward and then think while advancing.•Share information openly, have equal and fair discussions, and if a decision is made, work together as a team to bring out the best possible result. •Always make efforts to ensure frank and open communication beyond organizational boundaries and roles.■Transform ourselves constantly•Anticipate challenges, implement reforms, and bring about growth in the spirit of Mu-Gen-Dai.•Keep changing. Change leads to opportunity and growth.•Challenge ourselves to improve our future. Changes in each of us lead to growth of the entire organization. ■Have an attitude of integrity, and understand and respect diversity•Take actions based on integrity and modesty to build relationships of respect and trust with stakeholders.•Appreciate the diversity of our global team. Accept and respect others.Contribute to customers’value creationwith innovative ideasCorporate Philosophy