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Governance

Compliance

Compliance

Compliance Subcommittee

  • The Compliance Subcommittee was established as a subsection of the Compliance and Risk Management Promotion Committee. What was the Fair Trade Promotion Subcommittee until the previous fiscal year widened its scope in FY2021 to include laws, ethics, and social norms, based on our views on compliance.
    To enhance the effectiveness of its activities, the Subcommittee holds “plenary meetings” at the beginning and the end of each term to set out the term’s policies and review the activities of the past term, “monthly meetings” to share accurate knowledge and operational practices related to our priority themes, and “focus reviews” to enhance daily management at the frontlines of business and prevent any accidents from happening.

  • Compliance promotion system

    Compliance promotion system

Our views on compliance

  • The Isetan Mitsukoshi Group believes that it is essential that employees incorporate compliance into their values, awareness, and actions, and practice it to observe laws, ethics, social norms, and the like.
    For that purpose, the Group has established “the Isetan Mitsukoshi Group Standards of Corporate Ethical Behavior” as a code of conduct for officers and employees. The Group seeks to maintain and improve compliance systems to ensure the trust of society, in addition to working to share the Standards throughout the company. The Group also works to make compliance in everyday businesses known to all employees by posting the Compliance Guidebook, which outlines laws and guidelines for ethical actions that should be observed in relation to customers, business partners, and employees, on the Intranet.

  • Our views on compliance

Enhancing compliance in our relationships with stakeholders

(1) Customers: Initiatives for the protection of personal information

We have established and released for employees “a Privacy Policy” for the proper management and legitimate use of personal information received from customers. The Group meets the expectations of its customers and earns their trust in this way. The Group has also established “The Regulations on handling Personal Information,” under which the Group ensures proper use of personal information and protects and manages it strictly.

(2) Shareholders: Establishment of “The IR Policy”

We have established and published “The IR Policy” to earn the trust and understanding of shareholders and investors through its investor relations activities. The goals of the Group are, based on this policy, to disclose information fairly and improve communication.

(3) Local communities: Response to antisocial forces

“The Basic Policy on internal control systems” and “the Isetan Mitsukoshi Group Procurement Policy” state that the Group will have no relationship with antisocial forces, reject undue claims from them, and prevent damage which may be caused by them.

(4) Business partners: Establishment and application of systems promoting fair trade

We have established “The Isetan Mitsukoshi Group Anti-Bribery Policy” and “The Guidelines on Fair Trade,” under which we promote the establishment of systems to ensure that we remain a group of companies that competes fairly and freely and continues to extensively contribute to society.

(5) Employees: Establishment and operation of a whistleblowing hotline

We have established “The Regulations on Group Hotline” to promptly identify unfair actions and the like, and to make improvements in such cases. We have provided the Group Hotline, a system where external expert firms and law offices receive reports on unfair actions to protect whistleblowers from any unfair treatment.

DFF Inc., 三越伊勢丹HDS 総務統括部 総務企画部, 三越伊勢丹HDS 財務・IR統括部 広報・IR部, 三越伊勢丹HDS 総務統括部 コンプライアンス部, 三越伊勢丹HDS 秘書室, 三越伊勢丹HDS 取締役会室 監査委員会運営部, 三越伊勢丹HDS 人事統括部 グループ人事部, 三越伊勢丹HDS リスクマネジメント室, 三越伊勢丹HD チーフオフィサー室経営企画DIV, 三越伊勢丹ヒューマン・ソリューションズ 人財開発事業部, 三越伊勢丹 総務人事部労務・人事企画DIV

Initiatives for proper representation in the media used for appeal

MI Card Co., Ltd.  received an order to take measures based on the Act against Unjustifiable Premiums and Misleading Representations  (misleading representation of superiority and greater advantages) from the Consumer Affairs Agency  on July 8, 2019, for having made partially improper representation in its membership campaigns for the MI Card and the Gold Card.
In response, the company is working on initiatives to prevent the recurrence company-wide, in addition to providing training and education to all employees.
Other companies in the Group are also making efforts to provide proper and accurate representation (information) to customers, in other words, to strengthen and fully enforce compliance by applying internal rules and manuals to representation in the media used for appeals and the like.

Compliance Guidebook posted on the Companys intranet

The Isetan Mitsukoshi Group includes compliance-related content at training sessions for new employees and newly appointed managers, etc. Furthermore, the Compliance Guidebook, which is a booklet that lays out laws and social norms to be observed by all employees in a manner that is easy to understand, has been posted on the Companys intranet.

[Examples of content]

  • Providing safe and reassuring products
  • Protecting personal information
  • Respect for human rights
  • Prohibition of harassment
  • Creating a positive work environment
  • Insider trading
  • Preventing connections with antisocial forces
  • Prohibition of bribery
  • Dealing fairly with our suppliers
  • Intellectual property rights
  • Ensuring the safety of customers and employees
DFF Inc., 三越伊勢丹HDS 総務統括部 総務企画部, 三越伊勢丹HDS 財務・IR統括部 広報・IR部, 三越伊勢丹HDS 総務統括部 コンプライアンス部, 三越伊勢丹HDS 秘書室, 三越伊勢丹HDS 取締役会室 監査委員会運営部, 三越伊勢丹HDS 人事統括部 グループ人事部, 三越伊勢丹HDS リスクマネジメント室, 三越伊勢丹HD チーフオフィサー室経営企画DIV, 三越伊勢丹ヒューマン・ソリューションズ 人財開発事業部, 三越伊勢丹 総務人事部労務・人事企画DIV

三越伊勢丹HDS 総務統括部 総務企画部, 三越伊勢丹HDS 財務・IR統括部 広報・IR部, 三越伊勢丹HDS 総務統括部 コンプライアンス部, 三越伊勢丹HDS 秘書室, 三越伊勢丹HDS 取締役会室 監査委員会運営部, 三越伊勢丹HDS 人事統括部 グループ人事部, 三越伊勢丹HDS リスクマネジメント室, 三越伊勢丹HD チーフオフィサー室経営企画DIV, 三越伊勢丹ヒューマン・ソリューションズ 人財開発事業部, 三越伊勢丹 総務人事部労務・人事企画DIV, 三越伊勢丹HD 内部監査室 内部統制部, 三越伊勢丹 総務人事グループ人事部, 三越伊勢丹 人事統括部 人材開発部, 三越伊勢丹 総務人事グループ労務・人事企画部, 三越伊勢丹HD 総務統括部グループ人事部, 三越伊勢丹 ストアクリエイショングループ, 三越伊勢丹HDS 取締役会室 取締役会運営部

三越伊勢丹HDS 総務統括部 総務企画部, 三越伊勢丹HDS 財務・IR統括部 広報・IR部, 三越伊勢丹HDS 総務統括部 コンプライアンス部, 三越伊勢丹HDS 秘書室, 三越伊勢丹HDS 取締役会室 監査委員会運営部, 三越伊勢丹HDS 人事統括部 グループ人事部, 三越伊勢丹HDS リスクマネジメント室, 三越伊勢丹HD チーフオフィサー室経営企画DIV, 三越伊勢丹ヒューマン・ソリューションズ 人財開発事業部, 三越伊勢丹 総務人事部労務・人事企画DIV, 三越伊勢丹HD 内部監査室 内部統制部, 三越伊勢丹 総務人事グループ人事部, 三越伊勢丹 人事統括部 人材開発部, 三越伊勢丹 総務人事グループ労務・人事企画部, 三越伊勢丹HD 総務統括部グループ人事部, 三越伊勢丹 ストアクリエイショングループ, 三越伊勢丹HDS 取締役会室 取締役会運営部

Isetan Mitsukoshi Group Anti-Bribery Policy

Isetan Mitsukoshi Group Anti-Bribery Policy

To fully ensure compliance, the Isetan Mitsukoshi Group is taking measures against bribery, and does not permit any benefits gained through bribery nor any other dishonest means.
This Policy stipulates that no monetary amounts, rewards, advantages or other kinds of benefits shall be supplied to public servants or private executives or employees for the purpose of gaining unfair benefit either inside or outside of Japan.

In addition to the stipulations of the Japanese Criminal Code and the Unfair Competition Prevention Act of Japan, and in consideration of the tightening of restrictions, in both Japan and other countries, on regulatory measures against corruption, such as the US Foreign Corrupt Practices Act and the UK Bribery Act 2010, the Isetan Mitsukoshi Group broadly prohibits the supplying of dishonest benefits to public servants and other individuals of proportionate standing either inside or outside of Japan.

Isetan Mitsukoshi Group Anti-Bribery Policy
    • Monetary sums, rewards, advantages or other kinds of benefits shall not be supplied, offered nor promised to public servants or other individuals of proportionate standing for the purpose of gaining unfair benefits, either inside or outside of Japan. Additionally, no monetary sums, rewards, advantages nor other kinds of benefits shall be supplied, offered or promised to private executives or employees of business partners.
    • We will maintain and manage an organizational system required to prevent bribery and continue to regularly train and educate officers and employees on the prevention of bribery.

Toshiyuki Hosoya
Director, President and CEO
June 25, 2021

Guidelines on Fair Trade

We, the Isetan Mitsukoshi Group, and our staff must properly recognize that our group companies are in a superior position in transactions with many of our trading partners, and must also bear the responsibility of allowing our customers to purchase products, etc., in reliance with the information that we provide.
Under this understanding, and with the objectives of the group adhering to fair and free competition, as well as a fair existence that continues to contribute broadly to society, we shall comply with the following Basic Policy on Fair Trade as well as the 11 Principles of Fair Trade Compliance.

Basic Policy on Fair Trade

(Conducting fair and transparent transactions)

  • We shall adhere to fair and free competition, and in addition, shall conduct fair and transparent transactions with all of our stakeholders, including customers and trading partners. We must not unfairly place any burden or loss, etc., on trading partners that should be borne by us, and must not take unfair gain from our trading partners.

(Provision of appropriate information on products and services)

  • We shall endeavor to provide our customers with the appropriate information on products and services, so that they are able to make accurate decisions.

(Compliance with laws and regulations, and social ethical codes)

  • We shall comply and respect the spirit of all relevant laws, regulations, and social ethical codes, including the Antimonopoly Act, the Act Against Delay in Payment, etc., to Subcontractors, the Act against Unjustifiable Premiums and Misleading Presentations, the Unfair Competition Law, the JAS Law, and the Food Hygiene Management Act.

The 11 Principles of Fair Trade Compliance

1 Prohibition of unfair returns

With the exception of where there is a defect in a purchased product, where a product was not ordered, or where conditions for return were agreed with the trading partner beforehand, we shall not return the products that we have purchased from our trading partners.

2 Prohibition of unfair discounting

With the exception of where there is a defect in a product, or where a product was not ordered, we shall not ask our trading partners to reduce the price of the products we have purchased.

3 Prohibition of refusal of receipt of private brand (PB) products, etc.

With the exception of where there is a defect in a product, or where a product is different to the one ordered, etc., we shall not refuse receipt of products we have ordered from our trading partners with special standards, designs, or models, etc., including private brand (PB) products and manufacturing consignment products.

4 Prohibition of inertia selling

We shall not ask trading partners to purchase the products or to use the services that we have specified contrary to the desire of the trading partner, including having a person involved in the purchase of products at the purchasing department or sales department, or a person engaged in the purchase of miscellaneous goods, etc., recommend a trading partner to purchase our company's products.

5 Prohibition of unfair requesting and use of dispatched sales personnel

If we make a request to send a member of our sales personnel to a trading partner, we shall provide a comprehensive explanation and hold sufficient discussions beforehand.
We shall not send personnel without the prior consent of the trading partner, and shall not make unfair use of the employees, etc., of a trading partner, such as have them perform business outside of that relating to the sale of the product that they are purchasing.

6 Prohibition of unfair requests for funding, etc.

If we ask a trading partner for funding, we shall provide a detailed explanation and hold sufficient discussion beforehand on the amount, use, and calculation basis, etc., based on our prescribed proposal document.
We must not request funding that is not in the direct interest of the trading partner, and we shall not ask for funding in excess of a reasonable range.
Outside of such funding, we shall not request any economic benefits, such as money from our trading partners, which would not normally be borne by them.

7 Prohibition of disadvantageous handling

We must not provide disadvantageous handing to trading partners, such as stopping transactions or delaying payments, on the grounds of a trading partner not having complied with an unfair request made by a group company such as that prescribed in these Principles, or on the grounds of a trading partner having notified a government agency such as the Fair Trade Commission of the fact of the performance of an unjust act by a group company.

8 Prohibition of other unfair trading conditions

We must not conduct transactions under conditions that are significantly disadvantageous to our trading partners, and must not unilaterally change trading conditions.

9 Prohibition of the provision of unfair gifts

We must not provide excessive gifts that exceed the legally prescribed maximum amount and total amount prescribed by law as a means for soliciting customers.

10 Provision of appropriate information and prohibition of misrepresentation

We shall provide the appropriate information on our products and services so that our customers are able to make accurate decisions.
We shall not make displays that mislead customers as a means to solicit customers.

11 Prohibition of unfair trading restrictions

We must not perform any act that restricts regular competition, such as agreeing with a competitor on the price, quantity, trading partner, and contractor, etc., for products and services.

Established April 1, 2008
Amended April 1, 2017
DFF Inc., 三越伊勢丹HDS 総務統括部 総務企画部, 三越伊勢丹HDS 財務・IR統括部 広報・IR部, 三越伊勢丹HDS 総務統括部 コンプライアンス部, 三越伊勢丹HDS 秘書室, 三越伊勢丹HDS 取締役会室 監査委員会運営部, 三越伊勢丹HDS 人事統括部 グループ人事部, 三越伊勢丹HDS リスクマネジメント室, 三越伊勢丹HD チーフオフィサー室経営企画DIV, 三越伊勢丹ヒューマン・ソリューションズ 人財開発事業部, 三越伊勢丹 総務人事部労務・人事企画DIV