In moving towards the realisation of a sustainable society,
the Noritsu Koki Group has identified 4 corporate materialities.


We have set targets and developed a Materiality Action Plan
for achieving our identified material issues.

Materiality Relevant affiliated companies Our actions Goals
for FY2022
for FY2023
Contribution to society and community through business operations
Shaping the future and making a positive contribution to create a prosperous society and enrich people’s lives through manufacturing products that society needs
TB・AT・JL Conducting quality audits, identifying issues to be addressed, and finding solutions To create a quality control policy and improve our existing framework Developed a quality control policy

Set standards for a quality management reporting process to the Board
To monitor Group response to customers in regards to any quality issues
NK Providing continuous support for local communities and their culture Carried out various business activities which made a contribution to local communities
TB・AT・JL Investing in research and development to create new technology and associated values R&D investment of ¥3.3 billion Invested ¥3.4 billion in R&D R&D investment of ¥4 billion
Enhancing our supply chain framework to make it more environmentally and socially friendly
TB・AT・JL Providing eco-friendly products To build a medium-to-long term plan to develop eco-friendly products Finalised a new eco-friendly product development plan To make efforts to be environmentally conscious in relation to new eco-friendly products throughout their entire life cycle
NK・TB・AT・JL Reducing greenhouse gas emissions (Scope 1,2) by 37% (compared to FY2019's) in 2030 To calculate greenhouse gas emissions produced by each of the affiliated companies and develop an action plan to reduce them Calculated actual Group greenhouse gas emissions

Developed a greenhouse gas emissions reduction plan※For actual Group greenhouse gas emissions, click here
To implement the greenhouse gas emissions reduction plan
TB・AT・JL Establishing our supply chain framework and promoting risk mitigation To create a procurement policy (including human rights, labour, environment, and corruption prevention) Developed a procurement policy To inform all our key suppliers about our procurement policy
Establishing robust corporate foundations for supporting our business
Creating inclusive workplaces where diversity is respected and all employees work proactively, successfully, and in a future-facing fashion
NK・TB・AT・JL Providing diversity and inclusion education training To create a human rights policy and its ground rules to be adopted at all workplaces Developed a human rights policy

Created a human rights training programme for FY2023 and onwards

Designed a framework to carry out human rights due diligence
To provide human rights training annually or more often
NK・TB・AT・JL Promoting health and productivity management To create a health and productivity management policy and improve our existing employees' wellbeing support system Developed a health management policy

Designed a monitoring and support system
To monitor the level of health and productivity management being promoted

To respond to challenges based on the monitoring results
NK・TB・AT・JL Improving practices in developing talent, skills, a proactive mindset and leadership of all employees at all levels To create a human resource development policy and a system to promote educational opportunities for employees Developed a human resource development policy

Designed a system to support the implementation of education and training aligning with the policy
To provide an average of 22.4 hours of training per employee per year
Enhancing our sound corporate governance framework for sustainable growth
NK・TB・AT・JL Promoting more diverse and flexible working practices To improve the current working environment and conditions depending on company type, employment and tasks Developed a new way of working in the wake of COVID-19

Developed a monitoring process to measure the promotion of different categories of diverse and flexible working practices
To monitor the level of diverse and flexible working practices being promoted

To respond to challenges based on the monitoring results
NK Assessing board effectiveness and providing more information about the assessment result Carried out an assessment of board effectiveness To address issues based on the assessment results of FY2022

To continue to assess board effectiveness
NK・TB・AT・JL Providing information security training to all employees at all levels To provide training annually or more often Carried out information security training (once) To provide information security training annually or more often
  • *Company names indicated above are those as of end February 2023.
  • *Full names of the abbreviated company names are shown below.
    NK:Noritsu Koki Co., Ltd.
    TB:Teibow Co.,Ltd.
    AT:AlphaTheta Corporation
    JL:PEAG, LLC dba JLab


We have identified our materialities by conducting our materiality assessment based on the
following processes with cross group co-operation and the help of external advisory experts.

Identify potential
social issues
and impacts

Working to incorporate diverse stakeholder expectations, we used 11 different globally-recognised sustainability standards such as ESG disclosure guidelines, evaluation criteria provided by ESG evaluation agencies, and codes of conduct. We performed an analysis on sector-specific material issues and identified 31 potential social issues that impact our business in order to define our materiality.

  • *1 GRI Standards, SASB Standards
  • *2 DJSI (RobecoSAM), FTSE, MSCI
  • *3 SDGs, ISO26000, Ten Principles of the UNGC, OECD Guidelines for Multinational Enterprises
  • *4 World Economic Forum(WEF)“Measuring Stakeholder Capitalism”, “Resolving Societal Issues Through Innovation — Listings of Societal Issues” FOR CO-CREATING THE FUTURE
Assess and
prioritise material

The 31 social issues selected in Step 1 were evaluated and weighted using a scoring method, incorporating the views of stakeholders and Group businesses, and prioritised according to the following criteria.

  • 1) Stakeholder Input: assessment based on the relative interests and importance of stakeholders by external advisory experts and scholars.
  • 2) Business Impact and Values: reassessing the evaluation scores provided by our 3 major group businesses based on the business impact and values of the Noritsu Koki Group.

As a result, we identified 15 social issues that matter the most to our business and stakeholders.

Define materiality

The 15 potential social topics selected in Step 2 were clustered into groups on the basis of our MVV and business model. We refined a list of core corporate material issues that could highly affect our business.
Having had insightful feedback from external advisory experts and far-reaching discussions with senior management including our CEO, we integrated them into 4 significant material topics that need to be addressed and worked on as a group.

Determine and
disclose the

We designed a materiality matrix and validated the credibility of the identified 4 material issues. Approved by the Board of Directors, we finally defined them as the Noritsu Koki Group’s materialities.



We designed the materiality matrix using “Priority for stakeholders” and “Priority for business”.
We selected topics with high scores (i.e. indicating the level of priority) for the social issues that our Group needs to address.