Declaration of Partnership Building
We hereby declare that we will take the following actions to promote cooperation, coexistence, and coprosperity
with our partners in the supply chain and others seeking value creation in order to build a new partnership.
1. Seek coexistence and coprosperity across the entire supply chain and build a new type of collaboration without
regard to business scale, affiliation, etc.
We will ask our business partners to engage with their business partners (from “Tier N” to “Tier N+1”) toincrease value in the entire supply chain and aim to achieve a mutually prosperous relationship bycollaborating with each partner without regard to existing relationships and business scale. In this process, weprovide them with advice and support to assist in formulating business continuity plans (BCP) to prepare fordisasters and other emergency situations and in adopting telework to help them improve their workstyles.
(Initiatives)
We work with our business partners in digitizing business processes, for example, by introducing electronic
data interchange (EDI) and other paperless methods to achieve increased efficiency in the entire supply chain.
2. Ensure compliance with “Promotion Standards”
We will follow the “Promotion Standards” as stipulated by the Act on the Promotion of Subcontracting Smalland Medium-sized Enterprises, which provide the desirable trade practices between a large corporation andits subcontractors, and actively endeavor to change trade practices hindering new partnership building.
(1) Pricing methods
We will not demand unreasonable price cuts. We will discuss purchase prices with our subcontractors at least
once a year and we will hold a consultation with the subcontractor to set prices by giving them proper margins
and after taking appropriate actions in accordance with the Guidelines Concerning Price Negotiation forAppropriate Shifting of Labor Costs. In addition, in the event of a rise in raw material or energy costs, we aim
to pass on the entire increase in appropriate costs. When executing a contract that sets prices, we will
expressly describe terms and conditions in writing and deliver them to the subcontractor.
(2) Payment terms
We are making payments to subcontractors in cash within 60 days of the billing date in accordance with theAct against Delay in Payment of Subcontract Proceeds, etc. to Subcontractors and will continue to comply with
relevant laws and regulations.
(3) Intellectual property and know-how
We conduct transactions based on the "basic principles" and "contract templates" set out in the "Guidelines
for Intellectual Property Transactions." Unless there is reasonable cause, we will not demand the conclusionof unilateral non-disclosure agreements nor take advantage of our superior position to force the disclosure ofknow-how, or the transfer of intellectual property rights without compensation.
(4) Burdens of workstyle reforms
To ensure that our business partners can adopt improved workstyles, we will not place orders demanding
expedited delivery times or request specification changes at short notice to subcontractors without properly
bearing costs. In the event of an emergency or disaster, we will not unilaterally force subcontractors to shoulder
all burdens of transaction and will try to maintain the trade relationship as much as possible upon resumptionof operation.
3. Other
We will keep our CSR Procurement Policy and the Lasertec Code of Conduct posted on our website andconduct business in a fair, just, and honest manner.
August 16, 2024
Tetsuya Sendoda
Representative Director
President & Chief Executive Officer
Lasertec Corporation