The Pigeon Group (hereinafter referred to as the “Group”) consists of Pigeon Corporation (hereinafter referred to as the “Company”) and 25 consolidated subsidiaries, and operates its business through the Global Head Office (GHO), which oversees all Group companies, and four business segments: Japan Business, China Business, Singapore Business, and Lansinoh Business. In order to achieve medium- and long-term growth and improve profitability of the Group, we have been focusing on the key issues of the Group, such as how to make governance work both “offensively” and “defensively” in the Group management, how to optimize the business portfolio, and how to implement effective Group governance. We believe that these are important issues for the Group, and we have made “strengthening group governance” a specific issue.

The Pigeon Group has been implementing compliance-related measures with a focus on the following three pillars: 1) Formulate (revise) and　implement compliance-related rules, 2) compliance education, and 3) compliance monitoring. We are examining and implementing these measures to 1) prevent compliance violations and 2) detect and resolve compliance violations as soon as possible.

Pigeon has formulated the Rules for Risk Management, which systematically stipulate the Pigeon Group's risk management responses, and are committed to effective risk management. We have established a framework that facilitates the collection of risk-related information across the entire Group, implements necessary controls, and enables swift response to risk issues by each segment.

The Pigeon Group considers its customers, suppliers, government and local governments, local communities, employees, and shareholders as stakeholders who are deeply involved in its business activities. Based on the opinions and evaluations obtained through active communication with various stakeholders, we strive to identify issues and reflect them in our business activities in order to promote higher quality activities and enhance corporate value.