At the KAYABA Group, the Risk Management Committee reports to the Board of Directors, and based on the Risk Management Rules, it identifies material risks the Group must address and the business units responsible for managing them, conducts risk management initiatives at each responsible business unit, and presents quarterly updates to the Board of Directors.

KYB, together with our Group companies, works on our business continuity response. Our aim is to support our customers, businesses partners, and regional communities as well as quickly restore operations. We do this through making sure all persons concerned have an accurate understanding and take the proper actions, quickly conducting first response and holding damage to people and physical objects to a minimum. We make sure they understand that acting to protect human life is the first priority in the event of a disaster, and are working to raise our level through holding various drills, such as those targeted at quickly confirming the safety of employees. We log matters noticed during drills so that they can be used to advantage, and view this as an important issue. In FY2023, we continued our annual drill assembly with eight domestic plants taking part. We go over situations likely to occur in an earthquake, and work to obtain the knowledge necessary for initial response. Also, we conduct disaster prevention measures such as fastening down equipment in preparation for a major earthquake and using our ingenuity in ways such as strengthening coordination with related departments. We work on improvement activities with our customers with a focus on damage reduction, inventories, and substitutions, aiming for the early recovery of production in terms of responding to supply.

We, Kayaba Group, have established an “Information Security Basic Policy” and appointed Information Security Management Officers at each site to ensure and strengthen information security globally.
Cyber risks continue to increase, including cyber terrorism reflecting geopolitical risks, ransomware attacks by criminal groups seeking ransom, and new cyber attacks exploiting advanced technologies such as generative AI. To respond swiftly to these threats and continuously reduce risks, we are strengthening control across the entire Kayaba Group and promoting initiatives, which is lead by our security response organization "KAYABA-CSIRT".

Main Initiatives for FY2023

• Continuous education and training for all executives and employees
• Security level-up activities based on automotive industry standard security guidelines
• Strengthening cyber attack countermeasures for the supply chain
• Conducting vulnerability assessments by third-party evaluation agencies
• Conducting cyber BCP (Business Continuity Plan) training