Materiality

Identification and review of materiality

We have investigated and considered the importance of various social issues from the perspectives of both the Hagiwara Electric Group's business environment and its stakeholders, and identified four Materiality (issues of significance) in 2021. Subsequently, materiality was reviewed in light of changes to the business environment and our medium-to-long-term management strategy. In June 2024, the Board of Directors adopted a resolution to establish four new materiality issues.
Going forward, while we continue to leverage the foundation established and results achieved through our previous initiatives, we will establish main topics linked to our new materiality issues. We will also take on the challenge of expanding our sustainability activities in coordination with the measures set forth in our medium-term management plan, and we will continue to engage in dialogue with our stakeholders with the aim of increasing medium-to-long-term corporate value by enhancing our sustainability-related initiatives.

Materiality of Hagiwara Electric Group

The Process of Identifying Materiality

Step 1: Identify social issues that the Hagiwara Electric Group needs to contend with

Based on the issues and objectives that the Hagiwara Electric Group is currently contending with, we exchanged opinions while referring to various guidelines to identify and organize social issue topics as well as management issue topics related to Sustainable Development Goals (SDGs), Environment, Social, and Governance (ESG), etc. that should be pursued in the future.

Step 2: Narrow these issues down to the most significant issues

Materiality and the most significant topics were selected from among the items identified in step 1 after discussions by senior management and the Board of Directors, based on the following perspectives and taking into account the degree of impact on company management and the degree of significance for society and stakeholders.

  • Society expectations, customer expectations, and the Hagiwara Electric Group’s aspirations for the future
  • The solving of customer problems, the creation of value, and objectives for contributing to future-oriented social development through our business, within the scope of the Hagiwara Electric Group’s business models and business domains
  • Our medium-term management plan (Make New Value 2023) and our medium- and long-term growth strategy
  • Environment, Social, and Governance (ESG) measures that need to be strengthened for the Hagiwara Electric Group to improve corporate value

Step 3: Decide on Materiality

Approved at a meeting of the Board of Directors of Hagiwara Electric Holdings Co., Ltd. in August 2021.

Step 4: Review of Materiality

Through efforts led by our Sustainability Committee, we have reviewed our materiality with respect to changes to the business environment and our medium-to-long-term management strategy, and we have established four new materiality issues as a result. This action was approved at a meeting of the Board of Directors of Hagiwara Electric Holdings Co., Ltd. held in June 2024.

Materiality will be reviewed as necessary in light of changes in the business environment and social trends, including the period when the Hagiwara Electric Group’s medium-term management plan is formulated.