Torishimaʼs Sunstainability

Torishimaʼs PURPOSE for Society
Drawing on Torishima's Strengths and Technology,
We will Contribute to a Sustainable Society
by Connecting Lifestyles, Lives, and the Future.

Updated March 2024

Torishima Pump Mfg. Co., Ltd.

Contents

CEO Message ................................................................................ 3
Our Credo ..................................................................................... 4
Sustainability Policy........................................................................ 6
Torishima’s Value Creation .............................................................. 8
Initiatives to Achieve the SDGs ........................................................ 9
Environment ............................................................................... 14
Climate Change Measures (TCFD) .............................................. 14
Environmental Policy (ISO14001) ............................................... 23
Protecting a Sustainable Planet .................................................. 25
Society ....................................................................................... 30
Quality・Supply Chain Management (ISO9001) ........................... 30
HR Management (ISO45001) ..................................................... 34
Social Contribution ................................................................... 47
Governance................................................................................. 52
Compliance ............................................................................. 52
Corporate Governance Structure ................................................ 59
Directors and Executive Officers ................................................. 60
BCP ........................................................................................ 652

CEO Message

As the world faces various challenges such as climate change, demographic
issues, water and food shortages, energy crises, infectious diseases, poverty,
and conflicts, initiatives to solve social issues are gaining momentum,
including the Sustainable Development Goals (SDGs) that have been adopted
by the United Nations and ESG management.
In response to these challenges, we have redefined what Torishima can do andwhat it exists for, and we call it “Torishimaʼs Purpose for Society.”
Kotaro Harada
Representative Director, CEO

Torishimaʼs Purpose for Society：
Drawing on Torishimaʼs strengths and technology, we will contribute toa sustainable society by connecting lifestyles, lives, and the future.
Since its founding in 1919, Torishima has continued to provide the heart of society, pumps, for morethan 100 years to Japan and more than 100 other countries worldwide. Just like the human heart,pumps are not visible from the outside, but they are constantly moving and play an important role infacilities such as water and wastewater facilities, irrigation facilities, stormwater drainage facilities,
power plants, and other water and electricity infrastructure that is essential to human life.
Meanwhile, it is estimated that as much as 30% of the energy used in Japan is consumed by pump
operations, which highlights the importance of addressing energy saving with pumps to build a carbonneutral society. Since its founding, Torishima has consistently pursued the manufacture of highly
efficient pumps. Since FY2009, the company has continued to promote energy efficiency with pumps
under our Go Green with Pumps initiatives.
The global energy market is undergoing a paradigm shift, where thermal power plant fuels are shiftingfrom coal to next-generation energy sources that do not emit CO2. To accelerate this trend, Torishima
has begun research and development of new pumps for next-generation energy sources and took partin a demonstration project of ammonia co-firing at a thermal power plant in 2022. Looking even further
ahead, we are now working proactively to develop hydrogen pumps.
We believe that in either area, it is people who can solve these issues, so we have set “maximize
employeesʼ energy: human resource development and DE&I” as one of our key management issues(materiality).
As a company that will continue to evolve and become an indispensable part of society, Torishima will
strive to achieve sustainable growth in the global market.

3Our Credo

The Corporate Philosophy

Never lose the public trust, even if monetary loss proves unavoidable.
The Torishima Group has consistently accorded highest priority to winning and maintaining thecustomerʼs solid trust – a commitment etched in the Companyʼs business creed. Trust is somethingthat is built up over time. Unlike financial debts that can be repaid and allow the recommencementwith a clean slate, once a customerʼs trust is lost, it takes years to restore; and in some instances it
may be beyond recovery altogether, thereby serving a fatal blow to a companyʼs survival.

The Mission

Passion for our Products and Services.
Evolving to meet the demands of an ever changing world.

The Vision4

１．Teamwork
Combining our skills to achieve our common goal

２．Diversity
Embracing diversity to achieve success and maximize our global presence

３．Professional
Fulfill our duties and responsibilities to provide the best service possible

４．Clarity
Working with integrity, transparency and sense of social
Responsibility

５．Enthusiasm
Our success is linked to our passion and enthusiasm throughout our organization

６．Innovation
Never stop challenging to provide creative solutions to our customers

5Sustainability Policy

The Torishima Group (hereinafter referred as "We", "Torishima" or "Group") has established our"Mission" and "Vision" based on our "Corporate Philosophy", which is the cornerstone of ourcorporate activities, and is promoting these with the keyword "EVOLUTION". In addition to this,we have established a Sustainability Policy, summarized below, with the aim of developing,
together with all stakeholders, the realization of a sustainable world through conservation andgiving all due attention to protecting the global environment through our business activities.
While playing an active role in building a sustainable society, as noted by the United Nations
Sustainable Development Goals (SDGs), we will continuously expand our corporate values
through the supply of products and services that solve social issues with a final objective of being
an “indispensable company to society".
November 12, 2021
Torishima Pump Mfg. Co., Ltd.
Board of Directors Resolution

１．Efforts to address social issues through businessWe will work on important issues, common toall, such as environmental conservation andthe creation of a safe and secure living
infrastructure. We will also focus on global
warming and water pollution by promoting
energy saving designs and disaster prevention
mitigation technologies. To do this, we willcontinue to develop high efficiency pumpproducts & implement smart maintenance technology, resulting in overall energy conservation.

２．Fostering trust from society
The trust of society is gained through consistent corporate activities that meetsocial demands, such as legal compliance, fair competition, quality products andmaintenance procedures. We also focus on appropriate information disclosure,ensuring information security, and establishing a crisis management system. We
will continue to carry out our business in accordance with our "Compliance Code of Conduct,"which are the guidelines for the aforementioned activities to maintain society's trust. We will6

also strengthen our corporate governance and management foundation, to demonstrate that
we are fully committed to maintaining society's trust.

３．Respect for human rights
We will respect the human rights of all stakeholders regardless of
individual attributes such as age, gender, nationality, and social
status. We will strive to create a work environment that is rewarding
for our entire 3staff, no matter where they are located. Employee
safety is of paramount importance to our management team.

4.

Contribution to the local community
We will maintain active and open communication with our local
communities and endeavor to provide those activities to contribute tothem, such as; education and cultural projects, environmental
conservation, and support for employees ʻvolunteer activities.

5.

Human resource development
The source of corporate sustainability is "people", and the growth ofeach individual is the foundation of the Torishima's future. Throughthe implementation of various training and educational projects, weare committed to developing the skills of our employees. We will also
undertake CSR training to raise awareness of compliance in these areas. In order for our
employees to continuously improve and maintain motivation, we will strive to develop a fair
and transparent personnel system to maximize the potential of our employees.

7Torishimaʼs Value Creation

Torishima's Value Creation Process8

Initiatives toAchieve the SDGs

At Torishima Group, we are committed to achieving the SDGs as part of creating asustainable world. From among the 17 goals and 169 targets, we have identified
and are actively pursuing issues in our business domain.

About SDGs
The SDGs, referred to as the Sustainable Development Goals, are a set of common goals for internationalsociety. Adopted in 2015 through unanimous consent of 193 members of the United Nations, the SGDs arecomprised of 17 goals and 169 targets to be achieved worldwide by the year 2030. It aims to realize asustainable, diverse, and inclusive society where no one is left behind.

Torishima Groupʼs Initiatives
Addressing environmental issues through business
Sustainable Development
Goals

Torishima Groupʼs Initiatives
Activities

We contribute to sustainable food production by
End hunger, achieve foodsecurity and improved

Products and Services

・Pumps for water pumping,providing agricultural pumps and building stabledrainage etc.

and efficient irrigation systems.

(irrigation, agriculture)nutrition and promotesustainable agriculture.

9Addressing environmental issues through business
Torishima Groupʼs Initiatives

Sustainable Development
Goals

Activities
We contribute to forming a sustainable water
cycle through the supply of pumps for water
infrastructure.

lakes, groundwater, etc., and treat it to drinking
water levels)
・Water pumping stations (pump clean water tosustainable management ofwater and sanitation for all

・Pumps for water intake,transfer, distribution, supply
etc.（water works）
・Pumps for sewage transfer,

・Water purification plants (intake water from rivers,

Ensure availability andProducts and Services

municipalities and households)
・Sewage treatment plants (treat sewage fromhouseholds, factories, etc., to a safe state anddischarge into rivers and the ocean)・Seawater desalination plants (intake seawater andpass it through reverse osmosis (RO) membranes
using high-pressure pumps to produce fresh
water)

sludge etc.（sewage treatment
plants）
・Pumps for rainwater drainage（rainwater drainage
facilities）
・Pumps for seawater intake,filtered water, RO highpressure, seawater intake,water transfer（desalination
plants）
・Recognized as a GNT (Global
Niche Top) company for RO
high pressure pumps

・Our high technological capability allows us to offer
a full lineup of pumps for thermal power plants
and pumps for renewable energy (geothermal,
biomass). In addition, we develop pumps forammonia and hydrogen, which are expected to be
next-generation energy sources, and enhancing
Ensure access to affordable,
reliable, sustainable andmodern energy for all

the functionality of our products to contribute to astable supply of power plants.
・For all pumps, the latest CFD (computational fluid
dynamics) analysis is applied to improve pumpefficiency, thereby reducing power consumption
and CO2 emissions.

10

・Pumps for boiler feed, boiler
circulation, condensate, coolingwater etc.（power plants）
・Go Green with Pumps Japanʼs
Minister of Economy, Trade andIndustry (METI) Prize in the
Energy Conservation Grand
Prize for Go Green with Pumps

Addressing environmental issues through business
Torishima Groupʼs Initiatives

Sustainable Development
Goals

Activities

・We contribute to infrastructure building by
Build resilient

providing EPC and pumps for water and wastewater

infrastructure, promotefacilities, as well as pumps for power plants andinclusive and sustainableseawater desalination.

industrialization and foster

・Using proprietary technologies, we have developed

innovation

pumps to combat climate change and contribute to

Products and Services

・METI Recommended TR-COM:
Rotating Equipment Monitoring
System TR-COM

building cities more resilient to flood damage.
・We provide IoT and AI-based smart maintenance
Make cities and humanservices to address the issues of population decline

vortex prevention ring、Pump

and technology succession at pump facility sites.

with integrated submersible

settlements inclusive, safe,

motor etc.

resilient and sustainable・Through energy efficiency measures and the use ofgreen power in our factories and offices, we aim toachieve carbon neutrality by FY2029.
・We will strive to reduce the carbon footprint of ourentire supply chain by calculating and reducing
supply chain emissions (Scope 1, 2, and 3). We will
also concurrently
informing suppliers of our environmental policy andseeking their understanding and support.
Ensure sustainableconsumption andproduction patterns

・Double-suction bellmouth and・Our manufacturing operations strive to conserve
resources, minimize waste, recycle, and properly
manage chemical substances.
・We comply with environmental laws, regulations,and other requirements to which we agree, as wellas establish and follow internal rules andregulations.
・We constantly seek to improve our environmental
management system to enhance our environmental
performance.

11Addressing environmental issues through business
Torishima Groupʼs Initiatives

Sustainable Development
Goals

Activities

Products and Services

・We contribute to measures against climate change
through our Go Green with Pumps activity,
informing people that they can significantly reduce
power consumption and CO2 emissions byreviewing the specifications of their pumps.

・Received Japanʼs Minister of

・We are developing new pumps for clean energyTakeurgentactiontocombat climate change andits impacts

sources that do not emit CO2, such as ammonia
and hydrogen.
・We contribute to disaster prevention and mitigation

Economy, Trade and Industry(METI) Prize in the Energy
Conservation Grand Prize for Go
Green with Pumps

by offering pumps for climate change
countermeasures to protect stormwater drainage
pumping stations from flooding.

Building public trust
Sustainable Development Goals

Torishima Groupʼs Initiatives

・Strengthening corporate governance
Promote peaceful and inclusive societies forsustainable development, provide access tojustice for all and build effective, accountable

・Ensuring compliance・Strengthening risk management
・Strengthening supply management

and inclusive institutions at all levels

Respect for human rights
Sustainable Development Goals

Torishima Groupʼs Initiatives
・Company cafeteria (meals provided by dietitian)・In-house medical clinic

Ensure healthy lives and promote
well-being for all at all ages

・Support for various medical examinations
・Infection control measures
・Promotion of female activities
・In-house childcare center
・Creating a comfortable workplace for all, including maternity leave,

Achieve gender equality andchildcare leave, family support, and shortened working hours for

empower all women and girls

childcare

12

Contribution to local communities
Sustainable Development Goals

Torishima Groupʼs Initiatives

・We offer visiting classes to elementary schools in the surrounding
Ensure inclusive and equitable quality

areas.

education and promote lifelong learning
opportunities for all
・Using proprietary technologies, we have developed pumps tocombat climate change and contribute to building cities more
Make cities and human settlements inclusive,

resilient to flood damage.

safe, resilient and sustainable

Human resource development
Sustainable Development Goals

Torishima Groupʼs Initiatives

・Internal education program
Ensure inclusive and equitable quality education

・Providing DX training to all employees

and promote lifelong learning opportunities forall
・Promoting work-life balance
・Creating an environment considerate of the religious beliefs ofPromote sustained, inclusive and sustainableeconomic growth, full and productive
employment and decent work for all

employees (setting up prayer rooms and providing halal food)・Creating a comfortable workplace for all, including maternity leave,
childcare leave, family care leave, and shortened working hours

13

Environment

Climate Change Measures

Climate change is a very critical issue facing us today. Torishima has long been committed
to reducing its environmental impact and addressing climate change in our business
operations and the products and services we supply. Furthermore, one of the key issues(materiality) in our Medium-Term Management Plan, Beyond 110, is addressing energy
issues while working toward carbon neutrality.

Compliance with the recommendations of the Task
Force on Climate-Related Financial Disclosure (TCFD)In May 2023, Torishima concurred with the recommendations of the Task Force on ClimateRelated Financial Disclosures (TCFD). Under the TCFD recommendations, companies areencouraged to disclose climate-related information that has potential financial impacts on
their company in four pillars: Governance, Strategy, Risk Management, and Metrics andTargets. Torishima will continue to enhance its climate change-related information disclosureand conduct business operations in an even more environmentally friendly manner, thereby
contributing to realizing a sustainable society and further increasing its corporate value.

14

GovernanceCorporate governance structure

Torishima

believes that addressing climatechange issues through our pump business is
not only an important social demand but
also an opportunity to create new business.
To achieve this, we have created a system inwhich the Board of Directors meets once a
year to discuss key issues (materiality)
regarding sustainability and receive reports
from the executive side on decisions madeand the implementation status of thebusiness plan
As the highest consultative body on the executive level, the Executive Committee, led by
the COO (Chief Operating Officer), is composed of Executive Officers and other members
and serves as a forum to discuss the status of the development of environmentallyfriendly products and new market development in each business segment to address ourimportant business challenges: addressing energy efficiency issues to realize adecarbonized society, building a safe and secure society, and building new manufacturing
and services through the use of data and AI, as well as to monitor the implementation of
the business plan approved by the CEO.
During the Executive Committee meetings, the Executive Officer in charge of the Corporate
Division provides information on climate-related laws, regulations, and other disclosure
requirements to form a consensus on selecting and prioritizing items to be addressed. Astargets, metrics, and risk management related to environmental management are crossdepartmental matters, the Sustainability Promotion Team, established under the Executive
Officer in charge of the Corporate Division, examines such matters and submits them to the
Executive Committee for deliberation through the Executive Officer in charge of the
Corporate Division.
The Environment Committee mainly discusses policies to reduce CO₂ emissions andrationalize

electricity

consumption

atfactories,

gives

instructions

andsharesthedevelopment status of environmentally friendly products with the Sustainability Promotion
Team, and then receives reports from the team.

15

Meeting bodies
Meeting body

Leading members

Key roles in climate change

Frequency of
meetings

・Deliberations on selection of key
Board ofDirectors

Directors(including outside directors)

issues・Supervising the implementation

In principle,
once a monthof business strategies
・Discussing important matters

Director and COO
Executive(Chief Operating Officer), allCommittee

Executive Officers

for deliberation, including
strategies, major action plans,＊CEO attends as an observer.

and risk management measures

Approximately
once a week

・Proposal to President and CEO・Verifying implementation

Division managers (Executive
Officers) and department
Environment
Committee

status of environmental
activities at factories andsharing target values

managers of production,
development design, and sales
divisions(Reducing CO₂ emissions,improving energy efficiency for

Twice a year

electricity, etc.)＊CEO and COO attend as

・Sharing the development statusobservers.

of environmentally friendly
products

Division manager (Executive
Officer) of corporate division,・Identifying relevant regulations

department managers andand customer behavior trends

Sustainability

section managers of legal, HR,

Promotionand environmental departments

requirements, etc., of external＊

review organizations

Team

Finance and business・Identifying disclosure

・Reporting to the Executive

department managers

Committee

attend depending on thematter.

16

Approximately
once a month(Held asneeded)Strategy
Scenario analysis process
Torishima carries out scenario analysis using the following steps, aiming to assess financial andbusiness impacts under different scenarios and evaluate our strategyʼs resilience to climate-relatedrisks and opportunities.
Classification

Scenario overview

Major reference scenarios

A scenario where policies and regulations are
implemented to achieve a decarbonized
1.5°C/

society that limits the global temperature

Below 2°C

increase from the pre-industrial era to lessscenario

than 2°C.

・IPCC RCP2.6、SSP1-2.6
・IEA NZE 2050

Transition risk is high, but physical risk is low
compared to the 4°C scenario.
A scenario that assumes that the announced
targets, such as national targets in the Paris
Below 4°C
scenario

Agreement, will be achieved. No new policies
or regulations will be introduced, leading to acontinuous increase in global energy-derived

・IPCC RCP8.5、SSP5-8.5
・IEA WEO 2022 STEPS

CO2 emissions. Transition risk is low, butphysical risk is high.

Scenario analysis steps
Step.1
Identifying and parameterizing critical climate-related risks and opportunities
・Identify climate-related risks and opportunities
・Assess critical risks and opportunities
・Set parameters related to critical risks and opportunities▼

Step.2
Setting climate-related scenarios
・Taking into account the information in Step1,identify scenarios that are closely related to existing
scenarios・Establish climate-related scenarios(societal vision)▼

Step.3
Assessing the financial impact of each scenario
・Analyze the financial impact of each scenario established in Step2based on the key climaterelated risks/opportunities and related parameters specified in Step1

17

▼
Step.4
Assessing the resilience of the strategy to climate-related risks and opportunities
and consider further measures to address them・Assess the resilience of Torishimaʼs strategy to climate-related risks and opportunities
・Explore further measures to address.

Financial impact associated with climate-related risks/opportunities andTorishimaʼs actions
１．Transition Risk
Business impact
Classification

Details

Time
frame

＊1

1.5℃/
Below

4℃

Torishimaʼs action/Resilience

2℃・Reduce CO₂ emissions by
reducing electricity use,
introducing solar power
Policyand
Legal

Increase in costs associated withapplication of carbon taxes andother carbon pricing

generation, and increasing the
Short tolong term

MediumMediumratio of purchased electricity
generated from renewableenergy sources
・Collaborate with suppliers to
reduce CO₂ emissions in the
future・ Expand orders for biomass

Decrease in demand for existing
Marketproducts due to growing demand

Short tofor low-carbon and decarbonizedlong term

MediumMediumproducts

and geothermal power
generation as substitutes forthermal power generation
・ Reduce CO₂ emissions by

Decrease in order opportunities
Reputation

due to selective behavior ofcustomers caused by inadequate
response to climate change

reducing electricity use,
introducing solar power

Mediumto longterm

MediumMediumgeneration, and increasing
the ratio of purchased
electricity generated fromrenewable energy sources*1 Short-term: less than 5 years; Medium-term: 5 to 10 years; Long-term: more than 10 years

18

２． Physical Risk
Business impact
Classification

Details

Time
frame

＊1

1.5℃/
Below

4℃

Torishimaʼs action/Resilience

2℃・Diversify the supply chain
as a measure against
procurement risks
associated with extreme
Profit decrease due to damage toweather conditions, etc.

production facilities and delays in・Enhance wind and flood
damage resistance bymaterial procurement andAcuteconstruction work triggered by the

Short tofrequency and severity of extreme

long term

Small

Small

implementing BCP
measures for the head

weather phenomena, such as

office building andtorrential rains and large-scale

repairing and reinforcing

typhoons

aging factory buildings
・Enter into an agreementwith fellow pump
manufacturer for disaster
relief production*1 Short-term: less than 5 years; Medium-term: 5 to 10 years; Long-term: more than 10 years

19３． Opportunity
Business impact
Classification

Time

Details

frame

＊1

1.5℃/
Below

4℃

Torishimaʼs action/Resilience

2℃・Supply boiler feed pumps
to biomass power plants

Increase in(Japan)demand for・Supply hot water pumps topumps forbiomass power

Short toplants andmediumhigh-efficiency
Increase in demandfor decarbonization,
Products
andServices

renewable energy,

geothermal power plants
Medium

Small

term

(Japan and overseas)・Introduce Eco-Pumps tothe market, offering world-

waste

leading efficiency

incineration

・Develop pumps for high-plantsefficiency waste
incineration plants

and energy-efficienttechnologies due to・Promote initiatives throughchanges in theparticipation in Japanʼs firstenergy mix as per

20% ammonia co-firing power

government policy

Increase indemand forpumps forammonia andhydrogen power

generation
・Develop new products

Mediumto longMedium Medium

termthrough industry-academia
collaboration and partnerships
with cutting-edge technology
companies

plants・Acquire British and Australianservice companies to enter
new markets
・Conduct sales activities for
new areas with potential
MarketIncrease in demand for pumps for

Mediumseawater desalination plants due toto long

water shortages

term

demand growth in the future
Large

Large

・Establish differentiation
through the development ofhigh-efficiency, highperformance pumps*1 Short-term: less than 5 years; Medium-term: 5 to 10 years; Long-term: more than 10 years

20Business impact
Classification

Details

Time
frame

＊1

Torishimaʼs

1.5℃/
Below

4℃

action/Resilience

2℃
・Contribute to disasterprevention and mitigation
through proprietary
technologies such as pumps
with a double-suction

Increase in demand for pumps
Resiliencethat integrate disaster mitigation

Short totechnology as social infrastructure

long term

Smallresilience is strengthened

Smallbellmouth and vortex
preventing ring＊2 andpumps with an integrated
submersible motor＊3
・Expand pumps that address
climate change to theoverseas market*1 Short-term: less than 5 years; Medium-term: 5 to 10 years; Long-term: more than 10 years*2 Pumps capable of lowering water levels and increasing drainage volume as a measure to increase drainage volume ina short period during torrential rains, etc.
*3 Pumps that can operate even in the event the pumping station is flooded

21

Risk Management
In response to climate change issues, the Risk Management Committee receives reports from theSustainability Promotion Team established in the Corporate Division and identifies risks such aslegal regulations surrounding climate change issues (e.g., carbon tax). The executive officer incharge of the Corporate Division then reports to the Executive Committee, which carries out risk
assessments.
For matters deemed high-risk by the Director and COO, who chairs the Executive Committee, theofficer in charge of the relevant department formulates an action plan and executes it in theirdepartment. With the support of the Sustainability Promotion Team, officers self-inspect whether
the risk measures are functioning effectively on a practical level and periodically report on the
progress to the Executive Committee.

Metrics and Targets
Targets for reducing greenhouse gas emissions
FY2029
Scope 1 and 2: Virtually zero for the entire group (Scope 3 target values are under consideration)[Overview of reduction measures]
・Reducing power consumption in factories (electric furnace for casting, compressor, and test
power)
・Increasing ratio of purchased electricity generated from renewable energy sources
・Updating electrification of facilities using fossil fuels

ICP (ICP on capital investment)
Currently under consideration for introduction by the end of FY2023----------------------------------------------------------------「ESG Data」
URL：https://www.torishima.co.jp/en/ir/results/esg/

22

Environment

Environmental Policy(ISO14001)

Torishima Environmental Policy
Philosophy
Through Torishima pumps and other eco-friendly products, we supply environmentally sustainablesystems that are engineered to enrich living environments everywhere. We conduct production
activities so as to be in harmony with environmental demands, and we offer products that haveminimal environmental loads. In this way, we are working to bring about developmentally
sustainable societies that can support a healthy global environment well into the future.

Activities
To put the foregoing philosophy into practice, we undertake the following activities:
1.

We develop and supply highly efficient, environmentally friendly pumps and provide
maintenance services for them in order to contribute to customersʼ energy savings.

2.

We develop and supply wind power and hydropower generation systems that use naturalenergy sources. This contributes to a reduction of CO2 emissions.

3.

We aim to be carbon neutral by fiscal 2029 through the use of energy saving methods andgreen power in running plants and offices.

4.

We seek to preserve natural resources, reduce waste, recycle, and properly manage chemical
substances throughout our production activities, based on environmental assessment results.

5.

We strive to reduce our carbon footprint throughout the entire supply chain by informing
suppliers of our environmental policy and obtaining their understanding.

6.

We comply with environmental laws, regulations, and other applicable obligations. We also
formulate and comply with our own in-house rules.

7.

We continually strengthen our environmental management systems in order to raise
environmental performance.
1st April 2021
TORISHIMA PUMP MFG. CO., LTD.
Representative Director,CEO
Kotaro Harada

23

ISO14001
Since 1999, Torishima has been seeking to preserve the environment by proactively acquiring ISO
14001 (Environmental Management System) certification for branch offices and subsidiaries aswell as the headquarters.

24

Environment

Protecting a Sustainable Planet

Efforts to Address Climate ChangeWith the advance of global warming, the world is now faced with extreme heat waves, frequent
torrential rains, and rising sea levels to the point where it cannot maintain its current state. Aninternational plan, the Paris Agreement, was adopted in 2016 to “hold the increase in the global
average temperature to well below 2°C above pre-industrial levels and pursue efforts to limit thetemperature increase to 1.5°C above pre-industrial levels.”
In October 2020, Japan also announced its Carbon Neutral Declaration, aiming for decarbonization
by 2050. Torishima, as a socially responsible company, is also working to reduce its environmental
impact and address climate change, both in our business operations and the products and services
we provide.

1. Torishimaʼs initiatives in business operations
At Torishimaʼs Head Office & Works building located in Takatsuki
City, Osaka, we are working to reduce emissions of (1) carbon
dioxide, (2) industrial waste, and (3) Class I Designated Chemical
Substances in our production operations. Regarding resource andenergy input, we are monitoring our use of energy, as converted
to crude oil equivalent, and water and working to reduce ourconsumption of both.
For detailed figures, please refer to ESG Data
https://www.torishima.co.jp/en/ir/results/esg/
Torishima also attained the ZEB Oriented rating standard for our Head Office & Works building,with 100% of the electricity used originating from renewable energy sources.
Since October 2022, Kyushu Torishima, which manufactures EcoPumps, has also been using green power for both manufacturing
processes and all electricity used in the office. Eco-Pumps are
high-efficiency pumps that are distinct from general-purpose
pumps, and their basic concept is to contribute to energy
efficiency in manufacturing processes by significantly reducing
both power consumption and CO2 emissions.

25Procuring 100% Renewable Purchased PowerThis factory building is powered 100% (approx. 1.25 kWh) by renewableenergy sources such as biomass, wind, and solar power generation, which issupplied through the Renewable Energy ECO Plan provided by the Kansai
Electric Power Company, Incorporated.

Achieved ZEB Oriented Certification
A ZEB (Net Zero Energy Building) aims to provide a
comfortable room environment while also achieving net zeroenergy consumption for its annual primary energy input andoutput. With recent developments such as the focus on SDGs
(Sustainable Development Goals) and the need to further
reduce energy consumption, the definition of ZEB has been
expanded to include a new class of building called ZEB
Oriented. ZEB Oriented refers to buildings with a total floorarea of 10,000 m2 or more that have achieved an energy
efficiency rate for their specific application but that use
Design Primary Energy Consumptionof this building: 41% reduction
Issued January 25th 2021 Third party
certification based on notification by the
Ministry of Land, Infrastructure and Transport.

unevaluated technologies. The head office factory uses
ingenious ways to reduce energy consumption by more than
40%. It achieves this through building plans such as eaves
on the south side and stairwells, restrooms, and storage atthe east and west ends of the building where airtemperatures fluctuate most. It also adopts state-of-the art technologies such as external air
volume control based on CO2 concentration, a natural ventilation system, and a desiccant air
conditioning system

26

２．Torishimaʼs initiatives in products and services“Go Green with Pumps“ initiatives to reduce energy
consumption and environmental impact
Pumps play an indispensable role in peopleʼs lives and industrial
development, but they also account for a large percentage of energy
consumption due to the significant number of units in operation and theiroperating hours. They reportedly consume about 30% of all electricity usedin Japan.
Therefore, we have been carrying out “Go Green with Pumps” initiatives with our
Eco-Pumps since fiscal 2009 to communicate that energy consumption can be
reduced in pumping operations. In fiscal 2014, Torishima received the Minister of
Economic, Trade, and Industry Prize (Business Model Category), the mostprestigious award in the Energy Conservation Grand Prize (Product and Business
Model Category) for our “Go Green with Pumps” initiatives.

Providing flooding countermeasures, disasterprevention, and mitigation
Climate change has led to frequent heavy rains that cause
extensive damage. Torishimaʼs unique pumping technology
helps prepare against the frequent torrential rains caused byextreme weather.
When torrential rain hits, drainage pump stations are subjected to large volumes of rainwater flow
over short periods. As a result, more pumps are being replaced or added to increase capacity.
However, if pumping volume increases without changing the shape and dimensions of existing
pump sumps, the water flow within the sump will increase, causing vortices that can damage thepumps. Torishimaʼs vortex prevention technology is more effective than conventional anti-vortex
baffles (civilengineering) This newtechnology can
suppress vortex within
the pump, so it
eliminates the need to
install the conventionalanti-vortex baffles andreduces civilengineering costs.

27

Pump with integrated submersible motor
In recent years, record-breaking torrential rains and large typhoons have flooded pumping
stations, rendering pumps inoperable and increasing the damage caused by floods that thestations are meant to protect against. Torishima supplies pump and motor integrated into one
unit. Even when flooded, the pumps can operate underwater and continue providing drainage.
By integrating the pump and motor into a single unit, installation is simplified and earthquake
resistance is improved.

Development of pumps dedicated to ammonia, hydrogen, and other nextgeneration energy sources
Leveraging our advanced
technologies cultivated throughthe manufacture of pumps forthermal power generation, we
also manufacture and supply alarge number of pumps forrenewable energy applications
such as geothermal and biomass
power generation, both in Japanand overseas. In particular,
boiler feed pumps for biomass
power generation are highly
competitive, accounting for
approximately 90% of thedomestic market share.

28

Since FY2021, public and private sectors have been jointly promoting an ammonia co-firingdemonstration project as a CO2 reduction technology for thermal power plants, in which
Torishima is scheduled to supply pumps. There are high expectations for next-generation energy
sources such as ammonia and hydrogen, which do not emit CO2, and large centrifugal pumps
play an indispensable role in transporting large volumes of liquefied ammonia/hydrogen. As oneof the top manufacturers, Torishima is committed to this mission and plans to conduct Japanʼsfirst performance test of pumps for hydrogen using actual liquids by the end of FY2023.
In June 2023, we proposed “Development of Large-flow, High-pressure, and High-efficiency
Liquefied Hydrogen Boosting Pumps” to NEDOʼs* “Development of Technologies for Large-scale
Hydrogen Supply Chain Establishment” program, which was accepted. We are leading the way
by moving forward with full-scale product development for commercialization.
＊NEDO: New Energy and Industrial Technology Development Organization

Development of fish-friendly pumps
The European eel has a long history as an edible fishsince ancient times, but in recent years it has been
listed as an endangered species. While major factors
include over-harvesting and disturbance of ecosystems
due to industrialization, the population decline is also
said to be partly due to eels being sucked into pumps
at pumping stations along their migratory route. In
response, Torishima has developed a fish-friendly
pump with modified impellers that allow eels to swim
straight out of the pump even if they are sucked in. As a result, more than 90% of eels sucked
into these pump are able to pass through alive.

29

Society

Quality・Supply Chain Management(ISO9001)
Quality Management System
Basic Quality Philosophy
Earning customer trust, providing satisfaction

Quality Policy
1.

We place top priority on abiding by laws, regulations, and rules, and on giving customers safety
and reliability.

2.

In order to provide customers with products and services of value, we make proposals andrespond with a clear understanding of customersʼ needs and expectations.

3.

We clarify and execute all items stipulated in contracts with customers.

4.

We constantly create and improve on quality in all processes.

5.

We set quality targets, and plan and implement the concrete measures to realize these targets.

6.

To ensure that non-conforming products and customer complaints never happen, we conduct
thorough design review and initial-product quality control.

7.

In the case of non-conforming products, we respond appropriately and thoroughly.

8.

In the case of non-conforming products or customer complaints, we analyze them from a rangeof viewpoints to ensure they never happen again.

9.

We systematically develop employeesʼ capabilities as part of fostering them into self-directedindividuals.

10. We constantly improve our quality management system to ensure its maximum

effectiveness.
1st April 2020

TORISHIMA PUMP MFG. CO., LTD.
Representative Director, CEO
Kotaro Harada30

ISO9001
Torishima has been certified as ISO 9001 compliant, the international
standard for quality management systems, since 1997. This assures ourcustomers that we deliver high quality products, and engineering andmaintenance services that satisfy their needs and earn their trust. Whilemaintaining ISO 9001 certification, we are also constantly working to
improve Torishimaʼs quality management system.

Procurement Policies
Torishima Pump Mfg. Co., Ltd. and the Torishima Group have established the Sustainability Basic
Policy to play an active role in building the “sustainable society” that is the aim of the SDGs and toincrease corporate value through global environmental conservation activities, contribution to asafe and secure living infrastructure, and sound business activities.
In order to fulfill these responsibilities, we need smooth coordination and cooperation throughout
our supply chain, and thus it is essential to ensure that we work together with our business
partners toward common goals.
Based on this idea, we have established “Torishima Group Procurement Policies” to define our basic
ideas and stance. We will continue to provide products and services that satisfy our customers
while improving our social responsibilities by strengthening our business partnership on a basis ofmutual understanding.

Procurement Policies
１．Transparent and impartial transactions
１）In accordance with the principles of the SDGs, we will provide all business partners with
opportunities for competition in a transparent and impartial manner if it is judged to bereasonable from the perspectives of laws, safety, rights protection, quality, delivery periods,
costs, management stability, etc.
２）In the selection of business partners, we will make fair judgments based on economic
rationality.
３）We will work together with our business partners for mutual harmony and benefit on an
equal basis. We will not force them to undertake unfair trading practices by abusing adominant bargaining position.

31

２．Compliance１）We will comply not only with relevant domestic laws and regulations but also with relevant
overseas laws and regulations that are applicable to Japan and our company, take measuresagainst noncompliance such as disuse of conflict minerals, and protect the human rights of all
people including workers.
２）We will protect the personal information, intellectual property, and trade secrets of all
stakeholders.
３）We will continue the system improvements and education to prevent injustice and inequality
in our transactions. Whether it is legal or not, we prohibit our employees from having
inappropriate relationships and contacts with our business partners that violate social norms.
４）We will not have any relationship with antisocial forces.

３．Coexistence, co-prosperity, and sustainable development
１）We will give priority to recycled products and products with low environmental impact in our
selection of materials with the aim of promoting green procurement. We will also actively
accept proposals for products and services that help us cultivate harmonious relationships
with society and local communities or that contribute to the environmental protection
activities of our stakeholders.
２）We will actively select business partners who not only provide quality products or services
but also willingly work to improve the quality of their products. To that end, we will discuss
the price and delivery date of products and services based on reasonable judgment.
３）We will place importance on the costs incurred in maintenance and management after
procurement and the environmental impact, as well as the price.
４）We will sincerely respond to proposals for products and services that improve the safety andhealth of employees in our company and yours.

Requests to Our Business Partners
１．

Compliance with laws and social norms

Our business partners are requested to comply with the relevant laws, regulation, and social norms
in the countries and regions where they conduct business activities, including the following:１） Thorough compliance with relevant laws and regulations (antitrust laws, commercial laws,
subcontract laws, foreign exchange laws, personal information protection laws, copyrightlaws, etc. of each country and region)
２） Prohibition of bribery to any interested party (offering illegal gratuities, payoffs,
consideration, monetary or non-monetary benefit)

２．Respect for human rights and occupational health and safety
Our business partners are requested to observe the following policies in order to respect basic
human rights and make efforts to provide safe and, clean working environments. With regard to
the handling of conflict minerals, our business partners are requested to follow our guidelines
separately specified.

32１）Prohibition of forced labor, inhumane treatment (slavery included), human trafficking, childlabor, and discrimination
２） Payment of decent wages, management of working hours, respect for employeesʼ right toorganize, etc.
３） Provision of safe, clean working environments.

３．Environmental considerations
Our business partners are requested to regard the environmental efforts as an importantmanagement issue, to promote the creation of products in harmony with the environment, and topromote the following initiatives.
１） The consolidation of and improvement in environmental conservation systems (control andreduction of company emissions of CO2 and hazardous chemical substances, etc.)
２） Procurement of parts and raw materials with low environmental impact, which reduces theuse of hazardous chemical substances (green procurement)
３） Promotion of environmental conservation activities (formulation of environmental policies,
system maintenance, environmental education, etc.)
Procurement Department,
Torishima Pump Mfg. Co., Ltd.

33

Society HR Management
Diversity and Inclusion

Human Rights Policy
We, Torishima Group consisting of Torishima Pump Mfg. Co., Ltd and its subsidiaries, arecommitted to act in accordance with our Sustainability Policy as a member of civil society. We
fully recognize that respecting human rights is a major responsibility of a company. We areaware and in agreement that it is obvious that all business enterprises are expected to create anenvironment in which individual human rights and personality are respected.
To ensure that the human rights of all people affected by the business activities of the Torishima
Group are not violated, we herewith establish this Human Rights Policy. We will promote all
efforts to adhere to international human rights standards.
。

1. Principle
We adhere to the principles of the International Bill of Human Rights and the ILO Declaration on
Fundamental Principles and Rights at Work. We also respect and adhere to the following;• the United Nations Guiding Principles on Business and Human Rights and the Ten Basic
Principles of the UN Global Compact Human Rights.
• Universal Declaration of Human Rights• International Covenant on Civil and Political Rights• International Covenant on Economic, Social and Cultural Rights

2. Scope of the Human Rights Policy
This policy applies to all officers and employees of the Torishima Group. In addition, we willcontinue to encourage Torishimaʼs business partners to respect and be aware of our policy.

3. Important Human Rights issues
We will respect basic human rights, promote diversity, and strive to develop and utilize diverse
human resources.
We do not discriminate based on race, religion, age, gender, disability, ideology, etc.
We do not accept modern slavery, regardless of its form, such as forced labor or child labor.
We do not tolerate acts that cause physical or mental pain, such as harassment of any kind.
We respect individual privacy and handle personal information with the utmost care.
In each region where we conduct business activities, we will comply with the domestic laws andregulations of each country.

34

4. Human Rights Due Diligence
By building a system of human rights due diligence, we will identify issues and make efforts toprevent and mitigate thereof.

5. Whistle-blowing system
We have established a whistle-blowing system available for all employees. This ensures that any
and all instances that violates or is likely to violate laws and regulations is discovered quickly andcan be dealt with appropriately. In addition, we protect the anonymity of whistleblowers ensuring
they can be treated fairly.

6. Dialogue with Stakeholders
In promoting this Policy, we will engage in dialogue and consultation with stakeholders.

7. Awareness and Education
We will inform all officers and employees of this Human Rights Policy and provide them withappropriate education so that the Policy shall be clearly implemented.
November 10, 2022
Torishima Pump Mfg. Co., Ltd.
Board of Directors Resolution

Basic Policy for Environmental Improvement
Respecting each individualʼs personality, individuality, and diversity, Torishima recognizes theimportance of creating an environment that encourages employees to take on challenges without
fear of failure and continue to grow to the full extent of their abilities. Taking the utmost care toprotect the privacy of our employees, we will ensure a safe workplace free of harassment, a safe
working environment free from hazards and harmful substances, and a healthy and energetic work
environment that will maximize employeesʼ energy.
November 10, 2022
Kotaro Harada
Representative Director, CEO
Torishima Pump Mfg. Co., Ltd.

35

Work-Life Balance
Aiming to promote a healthy work-life balance, Torishima is committed to thoroughly managing
employee working hours and offers various programs, support, and learning opportunities.

Initiatives for the Next Generation Act andthe Act on Promotion of Womenʼs Career Advancement
1. Act for Measures to Support the Development of the Next Generation (NextGeneration Act)

The Act stipulates the duties of the national government, local governments, companies, andthe public in order to create an environment in which children who will lead the next
generation can be born and raised in healthy environments.

2. Act on the Promotion of Womenʼs Participation and Career Advancement in the
Workplace (Act on the Promotion of Womenʼs Career Advancement)

The Act clarifies the responsibilities of the national government, local governments, andgeneral employers to encourage them to implement the active participation andadvancement of female workers in the workplace.

3. Initiatives by Torishima Pump Mfg. Co., Ltd.
Based on the Next Generation Act and the Act on Promotion of Womenʼs Career
Advancement, Torishima has formulated a general employer action plan to create aworkplace environment where all employees can fully demonstrate their individuality andabilities.

System for Balancing Work and Childcare

In-house childcare center
We have an in-house day-care center in the company housing. The nursery can take care ofchildren from 6 months to 5 years old, and is also linked with a nearby kindergarten.

36

Maternity leave
Prenatal leave may be taken from 6 weeks (14 weeks for twins or more) prior to the expected dateof delivery.

Childcare leave
Those who live with and care for a child under one year of age may take childcare leave. In addition,
those who meet certain conditions may take childcare leave for the required number of days until
the child reaches the age of two.

Family support
Employees raising a child up to the sixth grade of elementary school may take special paid leavein units of one day or half a day for up to five days per year when necessary to care for the child.

Child nursing care leave
Employees who are taking care of a child who has not yet started elementary school may takeup to five days (10 days for two or more children) of unpaid leave per year, in addition to annual
paid leave, for the childʼs injury, illness, immunization, medical checkups, etc.

Spousal maternity leave
Up to three days of special paid leave in the event of the birth of a child by a spouse.

Shorter working hours for childcare
Employees raising children up to the end of the sixth grade of elementary school may work
shorter hours.

Telecommuting system
With the aim of promoting more flexible balancing of work and family/personal life (childcare, nursing
care, etc.), those who meet certain conditions may work from home.

Acquisition of “Kurumin” Certification from the
Ministry of Health, Labour and Welfare
On July 19, 2017, Torishima Pump Mfg. Co. Ltd. acquired “Kurumin” certificationfrom the Osaka Labour Bureau of the Ministry of Health, Labour and Welfare as acompany that provides an environment that allows our employees to work andraise children. Torishima has not only established an environment that makes it easy for employees
to take childcare leave in addition to leave before and after childbirth, but has also established a
daycare on company premises and is proceeding with other child-rearing support initiatives. We willcontinue to be a company that understands and respects the importance of work-life-balance foreach and every one of our employees.

37System for Balancing Work and Nursing Care
Nursing care leave
We have an in-house day-care center in the company housing. The nursery can take care ofchildren from 6 months to 5 years old, and is also linked with a nearby kindergarten.

Nursing care leave (without pay)
Employees who care for or otherwise take care of a family member in need of nursing care areentitled to take unpaid leave, in addition to annual paid leave, up to five days in a year for one
family member or up to ten days for two or more family members.

Shorter working hours for nursing care
Employees who care for a family member in need of nursing care may work shorter hours.

Telecommuting system
With the aim of promoting more flexible balancing of work and family/personal life (childcare,nursing care, etc.), those who meet certain conditions may work from home.

38

Society

HR Management

Employee Education and Training

Basic Policy for Human Resource Development
Our human resources are the greatest asset we have to solve social issues through our business.
Guided by our Mission, “Passion for our Products and Services. Evolving to meet the demands of anever-changing world,” we will strive to foster human resources capable of self-growth by practicing
our Vision, EVOLUTION (Teamwork/Diversity/Professional/Clarity/Enthusiasm/Innovation), in aself-directed manner.
As a part of our efforts to develop human resources, Torishima offers various training programs,
including job rotation to foster employees with diverse experience, innovative thinking, andexceptional adaptability, rank-based training to acquire necessary knowledge and skills, andspecialized training. To ensure sustainable growth of corporate value, we believe it is important for
all employees to experience growth and to have a sense of fulfillment and pride in their work. To
this end, we will continuously work to ensure that both the company and our employees thrive
together.
November 10, 2022
Kotaro Harada
Representative Director, CEO
Torishima Pump Mfg. Co., Ltd.

Employee Education and Training
Torishima actively offers wide-ranging educational opportunities
to our employees, such as technical training about pumps andon-the-job training for new employees, as well as distancelearning, e-learning, and seminars to improve employeesʼ skills.
We also help employees obtain national qualifications including
Professional Engineer qualifications.

39Descriptions of in-house education initiatives (Excerpts)
Education category

Level-based education

Qualifying
examination

Other
education

Overview

Developing education programs according toposition classifications, such as new employee
education and new manager training

Technologicaleducation

Helping employees acquire engineer qualifications
including Professional Engineer qualifications

Skill
education

Providing annual courses in preparation, mainly for
written and practical tests for proficiency
examinations

ESG training

Providing all employees with education on laws andregulations including antitrust laws, subcontract
laws, insider trading regulations, and information
security laws

DX education

Develop DX leaders by equipping them with theknowledge and skills necessary to become digital
innovators

Pump Classes at
Elementary
Schools

Organizing local elementary school visits to give aclass about pumpOverseas
On-SiteTraining

Visiting the Torishima Group’s overseas business
sites

40

Society HR Management
Health Management

Health Management
Torishima traditionally regards human resources as “valuable assets” and applies continuous effort
to create comfortable, safe, and healthy working environments for our employees.

１．Physical health support①Established an in-house medical office②Conduct regular health checkups and comprehensive medical examinations, and provide healthguidance by industrial physicians③Provide nutritionally balanced lunches planned by registered dietitians at low prices in the head
office cafeteria④Completely separate smoking areas from non-smoking areas (Strict smoking ban inside thehead office)⑤Established an occupational health and safety management system based on ISO 45001⑥Raise awareness of accident prevention through cardiopulmonary resuscitation (AED)
workshops and traffic safety seminars

２．Mental health support①Conduct annual stress checks for all employees②Provide telephone consultation services through a mental health consultation desk

３．Work/life balance①Thoroughly control working hours②Introduce hourly paid leave system, and make efforts to improve the utilization rates of annual
paid leave, family support, maternity leave, and childcare leave③Support for balancing work and childcare or nursing care

４．Creating comfortable workplaces①The workplace environment was dramatically improved with the temperature, humidity, andCO2 management upgrades in the head office factory building which were completed in March
2021.
②In the head office factory building, the split-level, no-wall floor plan has eliminated interior
walls between departments to facilitate inter-floor movement and interaction between people,

41

and the newly introduced free address seats and cafe areas also foster an enhanced sense ofunity and communication among employees.
③Staggered working hours have been introduced to the sales department of the head office④Paperless practices, information sharing, and online meetings have enabled working practices
that are not bound by the location such as free address seating and telecommuting.

５．Infection control measures①Workplace vaccination for employees and their families at the head office②In the head office cafeteria, thorough hand disinfection with alcohol-based agent, sitting every
other seat, and taking lunch breaks at different times by department③Utilization of work from home and online meetings

Systems for a Healthy Mind and Body
Company cafeteria
We have a company cafeteria at our headquarters plant toprovide our employees with affordable, delicious meals thatare nutritionally balanced. We also provide halal meals in
consideration of Muslim employees. For locations other thanthe headquarters plant, we provide a meal allowance.

In-house clinic
There is a medical clinic in the head office building that can beused at any time. An industrial physician also makes regularhouse calls.

Various medical checkups (physical examination subsidies)
Company subsidies are provided for various medical examinations, such as periodic healthcheckups and physical examinations.

42Society HR Management
Work Environment (ISO45001)

Safety and Health Policy
Basic Philosophy
Torishima contributes to society through business activities that include the development andmanufacture of pumps and related products. At the same time, we regard creating a safe, healthy
environment—one where employees can work free of worries and where their health is maintainedor even enhanced—as the basis of our QCD (quality, cost, and delivery) actions. We have thus
formulated a basic policy on safety and health and are building a culture of safety and health thataims for a virtuous cycle. And we seek to be a vibrant company that continues to grow forever.

Basic Policy
１．We are building an occupational safety and health management system based on ISO 45001
and aim to raise the level of safety and health through ongoing improvement activities.
２．We identify hazardous factors in the workplace through risk assessments and takecountermeasures on an ongoing basis so that we can reduce risks to an absolute minimum.
３．We comply with all safety and health-related laws and regulations and company standards inan effort to further our safety and health management.
４．We seek to create a comfortable workplace for everyone concerned by ensuring effective
communication among Torishima employees and among other people working at Torishimasites.
５．We strive to prevent incidents and aim for zero accidents and disasters by raising employeesʼ
awareness of safety and health through education and training.
６．In executing safety and health activities, we invest the appropriate management resources andimplement effective improvements on an ongoing basis.
1st April, 2022
Kotaro Harada
Representative Director, CEO
Michihiko Ohie
OHSMS General Manager

43

ISO45001
Torishima has been certified for the ISO 45001 occupational health and safety management
standard so that it can work with employees and other relevant personnel to build a safe work
environment.

Improving Health and Safety Standards
As part of our efforts to improve safety and health standards (to prevent industrial accidents at ourfactories), Torishima carries out safety patrols, near-miss activities, 5S initiatives, safety and healtheducation, safety measures based on risk assessments, and in-house safety and healthconventions. Torishima also holds a monthly Partner Company Safety and Health Conference toenhance safety and health activities with partner companies stationed at the Torishima Head Office& Works building. Our sales offices also hold District Safety Conferences with partner companies.
Working together with our subcontractors, we are striving to improve our technical expertise andraise awareness of safety and health issues.

44Specific initiatives
Near-miss activities
As demonstrated by Heinrichʼs Law of 1:29:300, behind every serious accident are 29 minor
incidents and 300 near-miss unsafe behaviors and unsafe conditions. In FY2022, initiatives toproperly address near-misses were implemented to make risks more visible. Improvements andupgrades have been put in place based on these initiatives, ensuring safer workplaces andimproved operations.
Added centerline to aisle

BeforeAfter

Frequent near-misses involving collisions

Traffic lines for forklifts have been

established and they also serve as

occurred during simultaneous forklift

guides when backing up trailers, sotransport operations.

accidents have been prevented andworkability has been substantially
improved.

Safety measures based on risk assessment
Our safety measures are designed to prevent accidents by identifying risks that could lead to hazards
or harmful outcomes from factory equipment and operating procedures.

By installing forklift markers, workers can easily see how deep theforks are inserted under the load to prevent the load from collapsing.
Illuminating the area around the forklift during operation alert workers
in the vicinity, preventing them from coming into contact with theforklift.

Example of forklift safety measures

45

Protective fences have been installed around assembly robots toprevent contact with workers, and interlocks have been installed toautomatically stop machines if the doors are unintentionally opened.

Example of safety measures for processing machinery

Safety and health education
Torishima is committed to improving safety and health standards by implementing not only
technical measures, such as maintenance and improvement of equipment and work environments,
but also human resource measures, such as acquisition and improvement of skills and knowledge
through training, employee education, and awareness programs.
In FY2022, an on-site examination for forklift loading and unloading
certificate sponsored by the Land Transportation Safety & Health
Association was conducted at the Head Office & Works building.
After obtaining the forklift certificate, we continue to set an example
of safe operation and improve our instructor skills.

2D code-based health checks and protective equipment inspection records
Torishima has introduced 2D codes that can be scanned with acompany-issued smartphone so that health checks and inspection
records of protective equipment can be easily and quickly conducted
as part of a daily routine.

46

Society

Social Contribution

As a corporate citizen, Torishima is actively involved in social contribution activities to create asustainable society and to ensure harmony with local communities and society as a whole.

Local Contributions
Torishima Hall: An Arts and Culture Theater in Takatsuki
Torishimaʼs head office is located in the municipality of Takatsuki
in Osaka Prefecture. In March 2023, the city opened the
Takatsuki Arts Theater, a new culture center to replace theformer Citizenʼs Hall. The centerpiece of this facility, and destined
to become a household name among local residents, will be a
1,500-seat main theater called Torishima Hall, following ourcompanyʼs selection under a naming rights agreement.

Takatsuki Arts Theater

In addition, as a Takatsuki-based company, we organize factory
tours for local people, co-sponsor the Takatsuki City Half
Marathon and Takatsuki Citizensʼ Sports Day, and run a booth at
the Takatsuki Industry Festival so as to promote culture, art, andsports in local communities.

Takatsuki City Half Marathon

Roadside greening and cleanup
When we constructed our new head office factory, we also
improved the perimeter walls by planting trees and shrubs
along them. This has created a more pleasant path for locals
who travel daily along the roads around our facility.
After the COVID-19 pandemic, we resumed ourenvironmental patrols around the Head Office & Worksbuilding, which had continued for over a decade. We inspect

47

for illegal dumping that could damage the cityscape, and our employees clean the area twice amonth.

Yodo River (Takatsuki City area) and Akuta
River cleanup
The Yodo River, which flows from Lake Biwa, runs
through Osaka and empties into Osaka Bay. As part of
the Yodo River Basin Integrated Beautification Action,
we take part in cleanup activities along the Yodo River(Takatsuki City area) and Akuta River. Held every year
before the natural ayu runs upstream, this event helps
to conserve the waterfront environment and improve
public manners.

Saga Prefecture—The Morikawakaito Project
Torishima is closely associated with Saga Prefecture as
the birthplace of the late Ryuhei Harada, the patriarchof the company. In Saga Prefecture, the heavy damage
caused by the 2017 torrential rains in northern Kyushu
sparked the launch of the Morikawakaito Project toraise awareness of environmental conservation amongresidents of the prefecture and to reevaluate therelationship between forests, rivers, oceans, andpeople. In 2022, Torishima signed an Agreement on
the Development of Mountain Forests and Environmental Preservation as part of the project.

Over

the next 10 years until 2032, a 1,015-square-meter plot of land in the 21st Century Prefectural
Forest (Fuji Town, Saga City) will be designated as Mount Torishima for forest conservation
activities such as planting broadleaf trees and clearing undergrowth. At the agreement signingceremony, Saga Prefecture Governor Yoshinori Yamaguchi expressed his support for the project,commenting that “it is the very aim of the project to have companies that play a role in flood
prevention of rivers and other areas in the prefecture to take part through forests.

Sendai City—Hirose River 10,000 People ProjectWith the aim of making it so that many citizens can enjoy the Hirose River, the symbol of Sendai,
activities to protect the natural environment are being developed with the concept that “10,000
people represent 1% of the one million population of Sendai. As a member of the organizing
committee, Torishima participates in cleanup and other activities.

48

In addition, as Miyagi Smile Supporters, we also takepart in activities such as cleaning Miyagi Prefecturemanaged facilities (roads, rivers, beaches, parks,etc.) and greening work, playing a role in community
development with the participation of local residents
to increase the sense of affection and pride in thecommunity in which we live.

Education Support
Visiting classes for elementary and junior high school students
Torishima offers visiting classes for elementary and juniorhigh school students each year in neighboring areas ofour branch offices. Entitled Learning about Pumps,
elementary school students visit various regional pumping
stations to observe pumps in action and learn about theimportance of pumps and water.
We also collaborate with junior high schools as a part of acareer learning program. Our aim is to provide students
with an experience that they would not normally receivein the classroom, covering everything from gathering
information to organizing, analyzing, and presenting
information, while familiarizing them with the role of

Educational workshop about pumps forelementary school students at a drainage
pumping station where Torishima pumps
are in operation

pumps and cultivating their communication andexploration skills through teamwork.

Support for Disaster-Affected Areas
Volunteer Activities in Disaster Areas
In recent years, we have witnessed an increase in the number of disasters caused by large-scale
earthquakes, typhoons, torrential rain, etc. that result in the loss of human lives and enormous
damage to social life. As part of our support activities for the disaster-stricken areas, Torishima
dispatches employee volunteers. In addition, when water infrastructure facilities are damaged by49

disasters such as typhoons and torrential rain, we make all-out efforts to quickly determine theextent of damage to pump facilities and restore them.

Restoration work at a flooded drainage pumping station after torrential rain

Local Contributions by Overseas Group Companies
Our overseas group companies also recognize the importance of CSR together with their business
operations, encouraging employees in their respective regions to take initiative in social
contribution activities.

Education support and disaster relief volunteer work in Indonesia
Torishima Indonesia invites nearby orphanages twice a year, during Ramadan (the fasting month of
the Islamic calendar) and on employee training trips, to donate school supplies and provide
academic support so that all members of the local community can receive an education. In theevent of a major earthquake or other disaster, we dispatch volunteers to assist those affected andprovide medical supplies, food, clothing, and other necessities.

Visiting an orphanage

Support for the areas affectedby the 2022 earthquake in Cianjur, West Java

50

Education support in India
Recognizing that education of people experiencing
poverty is the best CSR, Torishima India has been
repairing and donating school supplies to schools
attended by the deprived and schools for linguistic
minorities. Although those schools receive partial
government funding, it is insufficient to ensuresustainability. Since 2016, Torishima India has
begun repairing and donating to schools and is
now working with its sixth school, with further
plans to support more
schools.

Donation of playground equipment for elementary
schools. The smiles on the childrenʼs faces were
the best gift we could receive.

51

GovernanceCompliance

Compliance Code of Conduct
Torishima Pump Mfg. Co., Ltd. (hereinafter referred to as “the Company” or “we”) has beenpromoting its business under the Corporate Philosophy “Never lose the public trust, even ifmonetary loss proves unavoidable.” It is vital to our organization that we never lose the trust ofsociety. If this trust is ever lost it can take a long time to recover and could result in severe
damage to our organization. Therefore, the spirit inspired by this philosophy leads us to ensurecompliance.

I. Purpose
Our officers and employees are fully committed to embracing our Code of Conduct. We hereby
revise this Compliance Code of Conduct in order to transform our Vision (a.k.a. “EVOLUTION”
stipulated to commemorate the 100th anniversary of our founding) into concrete actions in linewith the spirit of this “Corporate Philosophy”.

II. Business Activities
Based on our Sustainability Policy, we respect human rights and work on social issues as acorporate entity that is trusted by all stakeholders, including local communities. We are focused oncontributing towards a sustainable society by utilizing our human resources that support these
activities and we will contribute to a peaceful global environment wherever possible.
１． We (executives and employees of the Torishima Group) comply with environment-related
laws and regulations as well as our Environmental Policy in our business activities, and act
with a sense of self awareness. At each stage, from sales to design, procurement,
production, distribution, and service, we consider the impact on the environment and work
to reduce environmental impact and prevent pollution. We set appropriate environmental
objectives and targets for the environmental impact of our business activities and products.
We regularly review those objectives and targets in order to make continuous improvements
to create a sustainable cultural living environment.

52

２． In the course of our research and development, pump design and pump station design, ourtechnology and approach always considers the environmental impact and therefore, we
strive to be as environmentally friendly as we possibly can be. We respect intellectual
property rights and strive to achieve customer satisfaction by accurately and fully
understanding the needs of our customers.
３． At sites such as manufacturing and plant facilities, we strive to continuously improve productquality and provide better products in accordance with our Quality Policy. We also focus on
giving top priority to safety and preventing occupational accidents. We work to properly treat
industrial waste and reduction thereof, and give due consideration to the surrounding
environment.
４． When conducting sales, we act in good faith from the other party's point of view. We strive
to provide information to customers, understand their needs, and make every effort toobtain customer satisfaction. We negotiate appropriate terms & conditions when concluding
contracts and adhere to these contract conditions to complete our projects to the satisfactionof our customers.
５． When procuring materials, etc., we engage in fair transactions with our business partners,
aiming for coexistence and co-prosperity from a fair standpoint in accordance with our
Procurement Policy. We also aim, where possible, for green procurement in order toconserve the global environment through the reduction of greenhouse gasses as well as
ensuring there is no infringement on fundamental human rights.
６． In logistics and import/export, we optimize the logistics system, work on environmental
measures, and optimize cost management.

III.

Relationship with stakeholders

１． The Companyʼs executives faithfully perform their duties to shareholders and promotemanagement with an awareness of the legal functions and responsibilities of the General
Meeting of Shareholders, the Board of Directors, and the Audit and Supervisory Committee.
We value investor relations (IR) with our shareholders and other investors, and strive toearn trust by disclosing information in an appropriate and timely manner regarding
management policies, business activities, products, etc., while handling insider information
carefully. We endeavor to promote understanding of our management and business activities
through appropriate and timely disclosure of information.
２． In conducting our business activities, in a spirit of sincerity and fairness we treat ourcustomers respectfully and strive to provide products and services that meet the legitimate
needs of our customers. We also value appropriate communication with business partners sothat such communication will contribute to the development of society.
３． We value appropriate communication with local residents and communities, and actively
promote social contribution activities such as supporting employee volunteer activities. We
strive to contribute to the development of society through appropriate interaction with local
communities.

53

４． We recognize that "people" are an integral part of a companyʼs composition. We therefore
value diversity of human resources, and invest management resources to develop
employeesʼ capabilities that can lead to strengthening competitiveness as a corporate entity.
Based on the policy of human resource development and environmental improvement
thereof, we aim to be a business entity where all employees can work safely, energeticallyand with peace of mind, regardless of gender, race, religion, age, or values. We fully
encourage our employees to demonstrate their abilities and achieve self-realization, and to
maximize the vitality of our employees through our business activities.
５． In accordance with our Human Rights Policy and through dialogue with all stakeholders
inside and outside the Company, we strive to respond appropriately to any negative impacts
on human rights that our business may cause.

IV. Fair, Transparent and Free Competition
１．We conduct business activities based on the principle of fair, transparent and freecompetition within the market economy. In our business activities, we comply with relevantlaws and regulations such as the Anti-Monopoly Act and Fair Competition Code, and engage
in fair and free competition in the market. Furthermore, we comply with the following:a. We do not engage in collusion, cartels, or other arrangements with competitors that
may affect the selling price of our products. In addition, we do not participate in anygroups or meetings that may make such arrangements on unreasonable restraints.
b. Against parties to whom we provide technology or engage in joint research anddevelopment, we do not unreasonably limit the business activities of such parties
except when we pursue our legitimate purpose including legitimate exercise of ourintellectual property rights, etc., and protection of our confidential information.

V. Elimination of Relationships with Anti-Social Forces
１． We do not have any kind of relationship whatsoever with anti-social forces and groups thatthreaten the order or safety of civil society.

VI. Corporate Accounting and Assets
１．In corporate accounting, we accurately perform, record, and maintain our transactions inaccordance with generally accepted accounting principles and practices. In addition, we
comply with the Companies Act, Financial Instruments and Exchange Act, Foreign ExchangeAct, Corporate Accounting Principles, and other laws and regulations related to accounting.
２． We use management accounting methods to analyze our business performance, and strive
to grasp the actual financial status, control actual versus budget progress, prevent
fraudulent accounting, and improve the accuracy of business plans.

54

３． We use our funds, goods, and other assets only for the performance of our assigned duties.
In addition, we do not take or use them for ourselves or for third parties. In addition, we donot make unreasonable expense claims or use our official authority to provide convenience
to ourselves or third parties.
４． We follow applicable internal procedures in using and preserving the Company assets.
５． We always are aware of and comply with tax laws in our business activities.

VII.

Intellectual Property

１．We recognize that the results (including inventions, utility models, designs, copyrighted
works, trademarks, know-how, technical information, etc.) generated from research anddevelopment and other work are valuable assets (intellectual property) of the Company andcomply with the following:a. We record and protect the results properly, and they are not disclosed to anyone
without following the prescribed procedures and follow all legal guidelines. In addition,
we do not use the results that belong to the Company for the interest of ourselves or
third parties, regardless of during our tenure of office or after resigning.
b. If we obtain results that fall within the scope of our business, we handle themappropriately and promptly, such as notifying the Company without delay. In addition,
we seek the grant of a patent or any other form of intellectual property rights based on
the results that belong to the Company and proceed with designated application andregister procedure appropriately and promptly.
c. We respect the intellectual property rights of others; we do not obtain the results or
confidential information of others by illegal means, nor do we illegally use them for our
research / development and other business. Neither do we use them without theconsent of the rights holders, even if the results nor relevant information werelegitimately obtained.

VIII. Information Security Control
１．The Companyʼs executives establish an information security control system in order toprevent insider trading, leakage of personal information, and leakage of confidential
information of the Company, etc.
２．We comply with insider trading regulations stipulated in the Financial Instruments andExchange Law, and if we come to know material facts related to the business of theCompany, our subsidiaries, or our business partners in the course of our duties, etc., we donot, either personally or in the course of business trade such securities until they are publicly
announced through certain procedures. We do not disclose any undisclosed material facts
subject to insider trading regulations, or confidential information such as business andtechnical information of the Company or our subsidiaries to outside parties. Even within our

55

organization, we handle such undisclosed information on a need to know basis for businesspurposes.
３．In accordance with the personal information protection regulation of the Company, we treat
the personal information of our executives, employees, customers, etc. confidentially, and do
not disclose it to anyone outside the Company without their consent. Also, even within ourorganization, we handle such information on a need to know basis for business purposes.
４．If a third party offers to provide information that is considered to be confidential informationof a person other than the third party, we do not receive such information unless we canconfirm that; the third party is the rightful owner of the information, and their action to
obtain or disclose the information is not fraudulent.
５．We promote the proper and effective use of our computer equipment and other internal
information processing systems, and do not use them for illegal purposes. In addition, we
properly control electronic information and prevent the leakage, theft, destruction, virus
infection, and other damage of confidential information. In case any possible damage is likely
to be incurred, we address the case in accordance with internal procedures and report it to
our IT Control Office and local police office where appropriate depending on the seriousnessof the incident.

IX. Conflicts with Personal Interests
１．The Companyʼs executives comply with regulations regarding restrictions on competitivetransactions, self-dealing, and transactions with conflicts of interest stipulated in the
Companies Act without seeking personal greed. We comply with regulations on stock tradingby executives and employees as stipulated by the Financial Instruments and Exchange Act.
２．We do not treat our customers (including business partners) and their personnel favorably or
inappropriately on the grounds of special relationships with ourselves, other executives,
employees, or their relatives. In cases where we suspect any special interests with them, we
consult with our supervisor in advance and take the best action for the benefit of theCompany.
３．We handle personal affairs in a clear and fair manner including but not limited to hiring,evaluation, transfer, promotion, additional education, etc. We do not treat individuals
favorably on the grounds of special relationships. All personnel are treated fairly and equal.
４．We maintain fair relationships with customers and other companies in the same industry, andwe do not illegally nor unfairly receive, request or promise benefits (money, goods,
entertainment, conveniences, etc.) by taking advantage of our official position or authority.

X. Legal Compliance and Document Control
１．We comply with not only the laws of Japan, but also the laws and regulations of each regionof our overseas group bases, as well as the contents of international laws applicable to ourbusinesses, etc.

56

２．In addition to laws and regulations and this Code, we abide by rules and ethical compliancestandards voluntarily enacted by the Tokyo Stock Exchange and other public bodies, ourarticles of incorporation established through appropriate procedures, the Companyʼs internal
rules (regulations, codes, operational procedures) and manuals, etc.
３．When concluding contracts or making any kind of agreement with customers, business
partners, or other parties, we properly examine and negotiate terms based on relevant laws
and regulations as well as the perspective of fairness and reasonableness.
４．We conclude contracts in accordance with the relevant regulations by following proper
procedures. We properly create, handle, store or dispose documents (including thoserecorded on electromagnetic recording media) in accordance with the relevant regulations.
５．At each of the Overseas Group Companies' Bases we implement this Code in accordance withapplicable local laws.

XI. Whistle-Blowing System to Ensure Compliance
１． In case we discover an act that violates or may violate laws and regulations and thus breachthis Code and the Companyʼs internal regulations, we promptly report it through the chain ofcommand, or consult and report to the contact windows inside and outside the Company as
stipulated by the Whistle-blowing system, then conduct fact finding and take appropriate
corrective measures by our own initiative.
２． Under no circumstances do we retaliate against or treat unfairly any person who consults orreports in good faith. We ensure to protect such persons while we take appropriate
punishment/disciplinary action against those who commit violations in accordance withapplicable laws etc. and employment regulations.
３． In the unlikely event that an act that conflicts with compliance takes place, we promptly
correct it, take measures to prevent recurrence, disclose information, and fulfill our
accountability to stakeholders.

Supplementary provision
1. Definition"Torishima Group": Refers to Torishima Pump Mfg. Co., Ltd. and its subsidiaries.
"Overseas Group Companies' Bases": Corporations or branches established under foreign
laws.
"Whistleblowing system": In Japan, it is a system that is mandated by the Whistleblower
Protection Act (revised and enforced on June 1, 2022) and isoperated based on the Companyʼs "Whistle-blowing Regulations".
In the context of whistleblowing in the Overseas Group Companiesʼ
base, it refers to the whistle-blowing system established based on
the local laws of each site and operated in accordance with theinternal rules established by each base.

57

2. Effective date This code was issued on April 1, 2003.
This code was partially revised on September 1, 2007.
This code was partially revised on December 1, 2021 (deletion of referrals, etc.).
This code was partially revised on December 14, 2022 upon the resolution of the Board of
Directors. (content update)Compliance Structure
Torishima has established a Compliance Committee to carry out the following duties

１． Develop legal and ethical compliance systems for Torishima and its subsidiaries, which
together make up the Torishima Group.
２． Provide guidance and advice to business execution divisions regarding the results of internal
audits of corporate ethics.
３． Provide guidance and advice regarding educational planning and activities related tocorporate ethics.
４． Provide guidance and advice to the internal consultation service regarding whistle-blowing.

58

GovernanceCorporate Governance Structure

Corporate Governance Structure
Effective from FY2023, Torishima has reorganized its management structure, separating managerial
and executive duties under the CEO/Co-COO structure and strengthen the governance structure of
the entire Torishima Group.
By welcoming female and non-Japanese members to the Board of Directors, we strive to oversee
management from diverse perspectives.
The Audit & Supervisory Committee has a majority of Outside Directors serving as Audit &Supervisory Committee members, who cooperate with the accounting auditors and the Internal Audit
Department to conduct appropriate audits.
Various committees, such as the Nomination and Remuneration Committee and the Compliance
Committee, also support the Board of Directors by providing professional advice and other assistance.
Under the new management structure, we will pursue appropriate corporate governance adapted to
the globalized business environment.

59GovernanceDirectors and Executive Officers

Directors

As of 28th June 2023

Since being appointed president andrepresentative director in June 2006, Mr. Harada

Representative
Directorhas demonstrated strong leadership at the core of

Kotaro Harada

Torishimaʼs management. He plays anCEOindispensable role in raising corporate value overthe medium and long term.
Mainly engaged in business operations relating tothe overseas business, Gerry Ashe has worked to

Director,
Deputy CEO

strengthen the Companyʼs global business. He

Gerald Ashecontributes to the improvement of the mid- andlong-term corporate value of the Company Grouputilizing his experience and knowledge to support
the CEO in overall management as a Director.
Mainly engaged in sales at the overseas business,
Alister Flett has worked to strengthen the
Companyʼs global business. Since April 2023, he

Alister Fletthas been promoting the Companyʼs global
business through overseas transactions andstrengthening production systems as CO-COO.

Director,

Besides his main duties in engineering, Mr.

CO-COO

Hamu was in charge of planning anddeveloping new products, boosting
Torishimaʼs overseas marketing capabilities,
and establishing the Companyʼs foundation

Koichiro Hamu

as head of areas including R&D, global sales,
and administration. Since April 2023, he has
been leading mainly domestic market
development and quality improvement as COCOO.

60

Mr. Fukudaʼs career in accounting, general affairs,
and internal auditing is strengthening Torishimaʼs
corporate governance. He also played a role in the
Director

startup and growth of the Chinese subsidiary.

Yutaka Fukuda

Using his experience and knowledge, hecontribute to raising corporate value over the
medium and long term.
Having worked in top management positions
including managing director and possessing a
wealth of experience and knowledge in runningcompanies and a vast network of personalconnections, Mr. Iue provides the Torishima Group
with valuable opinions and advice on

Toshimasa Iue

management. As a member of the Nomination
and Remuneration Committee, he is involved in
the selection of the Company's executive
candidates and the determination of executive
remuneration and other matters from an objective

Outsideand neutral standpoint.

Director

As a business owner, Rieko Ueda has beenworking on the promotion of work-life balance andwomenʼs activities. She provides valuable opinions
and suggestions on the management of theCompany Group as an outside Director. As a

Rieko Ueda

member of the Nomination and Remuneration
Committee, she is involved in the selection of theCompany's executive candidates and thedetermination of executive remuneration andother matters from an objective and neutral
standpoint.
Mr. Sumi has mainly worked in the Administration

Director(Member ofAudit andDivision and in a support role for Audit andSupervisory Committee members. Utilizing his

Haruhisa Sumi

experience and knowledge, he contributes toSupervisory

raising corporate value over the medium and long

Committee)

term as a director and member of the Audit andSupervisory Committee.

61As a lawyer, Mr. Akiyama possesses expertise andbroad experience in corporate law andgovernance. From an objective perspective,
independent of Torishimaʼs management
members, he provides sound proposals and advice

Hiroshi Akiyama

to the companyʼs Board of Directors. As chairmanof the Nomination and Remuneration Committee,
he is involved in the selection of the Company's
executive candidates and the determination of
executive remuneration and other matters froman objective and neutral standpoint.
With a wealth of experience and specialized
knowledge in taxes, finance, and accounting
garnered through years as a certified public

Outsideaccountant, Mr. Yamamoto brings an objective,

Director(Member ofAudit andoutside perspective to the Company and provides

Soji Yamamoto

valuable proposals and advice. As a member of
the Nomination and Remuneration Committee, heSupervisory

is involved in the selection of the Company's

Committee)

executive candidates and the determination of
executive remuneration and other matters froman objective and neutral standpoint.
Mr. Abe has expert knowledge and abundant
experience of finance cultivated while working formany years as a banker. He has also held
positions as General Manager of a Compliance
Division and as an Outside Auditor. The Company

Yuji Abe

expects that he will provide us with usefulproposals and advice at the Companyʼs Board of
Directors meetings from an objective standpoint
being independent of the management. Therefore
he was selected as Outside Director who is amember of the Audit and Supervisory Committee.

62

Directors' Skills Matrix
１．

Directors who are not members of Audit and Supervisory Committee

Name

Kotaro Harada

○

○

○

○

Gerald Ashe

○

○

○

○

Alister Flett

○

○

○

○

Koichiro Hamu

○

○

○

Toshimasa Iue○

Rieko Ueda

○

○

○
○

○

○

Yutaka Fukuda

２．

○

○

○

○

○

○

○

○

○

Directors who are members of the Audit and Supervisory Committee

Name

Haruhisa Sumi
Hiroshi Akiyama○

Soji Yamamoto○

Yuji Abe

63

○

○

○

○

○

○

○

○

○

○

Executive Officers
Alister Flett
Chief

Responsible for Global-Sector Division, Production Division,
Information System Office
General Manager of Engeneering Division,Operating
Officers

As of 1st April 2024

Koichiro Hamu

Responsible for Business Development Department,
Public-Sector Division, Private-Sector Division,
Quality Management Department

Yoshinori Hirusawa

General Manager of Private-Sector Division

Yasuo Yanagawase

General Manager of Public-Sector Division

Mitsuhiko Ohie

General Manager of Production Division

Takuya Ono

General Manager of Global-Sector Division

Managing
Executive
Officers

Koichiro Hirata
Takuaki Tasaki

Executive
Officers

Koichi Takenaka
Takashi Hara
Hideki Tsukahara

General Manager of Administration Division,
General Manger of Administration Department
Deputy General Manager of Production Division,
General Manager of Production Management Department
Deputy General Manager of Production Division,
General Manager of Pump Manufacturing Department
Deputy General Manager of Engineering Division
Deputy General Manager of Private-Sector Division,
General Manager of Sapporo Private-Sector Sales Department

Akifumi Ishizaki

Deputy General Manager of Public-Sector Division,

Akihiro Wada

General Manager of Quality Management Department

64

Governance
BCP

Business Continuity Plan (BCP)
To fulfill our social responsibility as a company, Torishima is developing a business continuity plan
(BCP) to ensure business continuity and early recovery in the event of a natural disaster or other
unforeseen event.

Integrated disaster drills in preparation for a large-scale disaster

Large-scale disaster (earthquake and fire) emergency drills are conducted annually in November. To
ensure the safety of employees in the event of a large-scale disaster, to verify the initial response
system, and to strengthen cooperation with the local fire department, all departments at the Head
Office are actively engaged in drills.

Safety verification system introduced

As work styles diversify, emergency procedures for action are changing. In 2022, we introduced asystem at Group companies in Japan to simultaneously collect and compile employee safety status
information in the event of a disaster or other such emergency. This system allows employees
working from home, on business trips, or at construction sites to quickly and efficiently identify where
they are and whether there is any damage, thereby preventing information confusion. In 2022, a
comprehensive disaster drill at our Head Office incorporated training that included the use of thesafety verification system.

65

State-of-the-Art Building Is Green and Disaster-ReadyAs the nerve center of Torishima, the head office factory was designed to keep people safe andsecure: to protect employee lives and property in times of disaster and ensure that we continue
supporting our customersʼ business at all times. For example, earthquake resistance is such thatfacilities can continue operating even in the event of an earthquake registering 6+ on the Japaneseseismic intensity scale. The building exterior is also strong enough to withstand a major typhoon.
And with backup water and electricity supply facilities, the head office factory can continuefunctioning fully during disasters. As well, the head office factory is powered 100% by renewableenergy sources. Our new head office factory has therefore achieved carbon neutrality.

66