Organizations need to take an ethical action toward society and it is fundamental for fulfilling their social responsibilities. The organizations that wrongfully profit from their fraudulent acts cannot be said to fulfill their social responsibilities. Tasks for fair operating practices include fair competition, the promotion of social responsibility in the value chain and the prevention of corruption.
J. Front Retailing puts the “promotion of high quality management for healthy growth and development” in JFR Group Compliance and Risk Management Manual and the Manual advocates “fair, transparent and appropriate corporate activities, the maintenance of fair relations with business partners, which allow mutual growth, and the promotion of high quality management for healthy growth and development.”
Specifically, we strive to comply with various relevant laws and regulations regarding fair trade, including the Antimonopoly Act, the Subcontract Act, the Act against Unjustifiable Premiums and Misleading Representations, insider trading regulations, the appropriate disclosure of corporate information and the severance of relations with antisocial forces.
We make a basic transaction contract with each business partner based on prior agreement while educating and enlightening all employees so that they understand and comply with relevant laws and regulations, including the Fair Trade Commission notification to large-scale retailers, the Subcontract Act and the Act against Unjustifiable Premiums and Misleading Representations, based on the fair trade manual developed by the Japan Department Stores Association.
Recently, we introduced e-learning on compliance to provide training and increase awareness more efficiently.
We provide financial data, important decisions and information related to shareholders meetings to relevant authorities including the Finance Bureau and the Tokyo Stock Exchange in a timely manner and promptly disclose such information on our website as needed. We also deliver IR information by email magazines to help investors in their investment activities. Concerning major store renovations and hot promotions and products, we issue press releases to the media in a timely manner.Prohibition of insider trading
Companies in J. Front Retailing Group have set rules for preventing insider trading under the Financial Instruments and Exchange Act to prevent all executives and employees from handling shares in an improper manner and raise their awareness by displaying posters and by other measures.Severance of relations with antisocial forces
We have declared that we will sever all relationships with antisocial forces in accordance with the regulations of local governments and seek guidance from police authorities and others to review our trade practices.