Tax Global Policy
1.

Introduction
The ONO Group1 believes that complying with tax legislation and paying taxes properly in all countries
and regions where it operates will contribute to the economic and social development of each country orregion.
Based on this belief, the Group strictly adheres to the following tax compliance policies to ensure highly
transparent tax management.
1

The ONO Group refers to ONO Pharmaceutical Co., Ltd. and its subsidiaries.

2.

Tax Compliance
The Group complies with tax legislation of the countries and regions where it operates. Also, while fully
understanding the intent behind the legislation, the Group pays taxes properly in every applicablejurisdiction without abusing its tax systems.

3.

Tax Governance
ONO Pharmaceutical’s executive in charge of accounting is responsible for tax governance of the Group.
Tax operations of the Group are carried out by the responsible departments at Group companies, and theoverall management of important tax operations relevant to the entire Group is undertaken by thedepartment in charge of taxes at ONO Pharmaceutical.
The Group seeks to maintain an appropriate internal control system and properly prepare and manage taxrelated documents including tax returns by assigning employees with specialized tax knowledge to thedepartments in charge of taxes or by using external tax consultants.
The Group also seeks to continue making appropriate tax payments by continually investing in the training
and development of employees involved in tax operations.

4.

Transfer Pricing
In accordance with the OECD Transfer Pricing Guidelines and the transfer pricing taxation system of
each country, the Group determines transfer prices by applying an appropriate transfer pricing method
based on analysis of the functions, assets, and risks of each Group company. By doing so, the Group seeks
to pay the right amount of tax in all countries and regions in which it operates.
In countries and regions where transfer pricing documents are required to be submitted or furnished, theGroup fulfils the obligation to prepare such documents.
Furthermore, the Group seeks to obtain tax certainty by using an advance pricing agreement (APA), wherenecessary.
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5.

Commitment against Tax Evasion through Tax Havens
The Group never engages in intentional tax evasion using tax havens (countries/regions with low or notaxes).

6.

Relationship with Tax Authorities
The Group seeks to build and maintain a relationship of trust with tax authorities of the countries andregions in which it operates by providing tax information, etc., to the relevant tax authorities in an
appropriate manner in accordance with the applicable legislation.
In cases where conflicts with tax authorities of the countries/regions in which it operates, the Group seeks
to achieve speedy resolution of conflicts in cooperation with the relevant tax authorities.

7.

Tax Planning
The Group carries out tax planning aimed at enhancing corporate value on a continuous basis, whilemaintaining full compliance with tax legislation and tax liability in countries and regions in which itoperates, as well as working to avoid double taxation.
The Group’s tax planning does not aim to evade taxes. The Group carries out tax planning in alignment
with its business objectives and in accordance with the applicable legislation. In addition, The Group does
not carry out a tax planning and organize an artificial tax structure without business substance in order totake tax incentives or generate double non-taxation.

Revised January 1, 2024

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