Corporate Philosophy

Corporate Philosophy

Management Philosophy

Focusing on the needs of users in the field, we dedicate ourselves to satisfying our customers by supplying them with products, services, and information that have true value, while contributing to the creation of a prosperous society.

Business Vision

In order to create a recycling-based society that is friendly to people and the environment, we intend to provide our customers around the world with innovative solutions that incorporate our creative wisdom and know-how.
Through activities that maximize customer value, we aim to achieve lasting growth and become a leading global brand.

Action Policies

SPIRIT

With a management philosophy that is dedicated to satisfying customers and contributing to society, all of our actions must meet that philosophy.

  1. (1) SIMPLE

    We think simply at all times.
    To satisfy our customers, we constantly consider what can be done for the community and society.The important thing is to simply judge a situation from a position of fairness.In doing so, we clarify our issues and objectives, making it possible to move forward without any doubts.In short, we simply act.
  2. (2) SPEED

    Speed is important for us.
    Rooted in society, our business is constantly changing. We remain attentive to everything, ascertaining the changes and quickly acting accordingly. That is what improves customer satisfaction and forms our basis for moving society. For us, it is about quickly making our decisions and acting on them.
  3. (3) OPEN

    We continue to be open.
    Regardless of nationality, race, beliefs or gender, we respect each other’s human rights and individuality. Our objective is to actively create a friendly workplace that actively allows self expression. The new values and free ideas that originate from such a workplace expand our future potential. It is our intention to continue creating an atmosphere for free-flowing relationships.
  4. (4) COMMUNICATION

    We actively engage in communication.
    As our environment changes with every moment, it is important to indicate the direction to be taken by the team. For that purpose, we constantly listen to the voices around us and communicate to share information. An individual’s information is disseminated to the team and objectives are adjusted to expand our potential. With that in mind, we actively listen and communicate.
  5. (5) CHALLENGE

    We do our best when facing a challenge.
    We challenge difficult issues and find solutions through repeated trial and error. Even if we may not be able to overcome a current problem, continually challenging it can lead to a solution. That is why we never falter in our resolve nor do we find satisfaction in current situations. We will continue challenging whatever we may face in the future.
  6. (6) PASSION

    We do not give up no matter what happens.
    Whatever difficult situation we face, we take pride in our work and see to its completion. We proceed with a strong will and passion, because they are the driving force of the times. We must always be enterprising, learning from our failures and never grow complacent with our success. It is up to us to keep our passion burning.
  7. (7) UNIQUE

    We value our individuality.
    There are those things that only we can do; that only we can think of. Unique ideas are born from an unfettered free spirit. We recognize the values, integrate them and refine our individuality accordingly. In doing so, we will continue to be a unique corporation.
  8. (8) INNOVATION

    We will continue to change.
    Our successes such as the skills we accumulate and our innovative solutions are boundto lose their value over time.That is why we must always look ahead and undertake the establishment of new benchmarks.We must avidly pursue innovation and attempt to top our past performances.

Code of Conduct

The Kobelco Construction Machinery’s Code of Conduct represents its Group’s corporate compliance philosophy and guideline by integrating the Company’s “Corporate Code of Ethics” and “Corporate Code of Behavior” in itself.

1.Objectives and Applicability of the Code

This Code of Conduct will establish rules of appropriate action in accordance with the action policies of “Simplicity,” “Speed” and “Openness” when conducting corporate activities based on Kobelco Construction Machinery Management Philosophy.
All officers and employees of Kobelco Construction Machinery, its affiliates and subsidiaries will be required to observe this Code in performing all daily corporate activities.
This Code must be observed in the pursuit of each current corporate activity area but the Code does not necessarily cover all applicable behaviors. As for acts which are not prescribed in this Code, it is expected that employees shall review the management philosophy, action policies and fundamental principles, which are the foundation of our corporate activities, to formulate the appropriate action based on the code policies. This Code of Conduct shall be revised periodically to appropriately reflect changes in social conditions, legal amendments and/or other reason to warrant revision.

2.Fundamental Principles

  1. (1)In every corporate activity, all relevant laws and Company regulations including this Code of Conduct shall be observed, and there shall be no deviation from the corporate ethics and social morals. (Foreign Exchange and Foreign Trade Act, Securities and Exchange Act, Act for the Regulation of Political Funds, Public Office Election Act, all rules and regulations to prohibit bribery and corruption, rules and regulations related to environmental conservation, etc. )
  2. (2)In every aspect of corporate activity, human rights shall be respected, and discrimination based on race, gender, occupation, age, nationality, social status, religion, physical disability, language, place of origin, or sexual minority including LGBT shall be prohibited.
  3. (3)In every corporate activity, fair trade practices shall be observed with each of our stakeholders. (Observance of the Prohibition of Private Monopolization and Maintenance of Fair Trade Act, and the Act against Delay in Payment of Subcontract Proceeds, Etc. toward Subcontractors)
  4. (4)All business practices shall always be based on high ethical standards, and antisocial behavior shall never be condoned, nor any practices that will damage the honor and credit of the Company.
  5. (5)The Company shall always strive to supply the safest products with attention to the conservation of the global environment, and will provide services and information in a timely manner that satisfy customers and meet their demands.

3.Justice and Fairness in Corporate Activities

  1. (1)Relationships with Customers and Business Partners including Dealers and Designated Service Shops
    In sales activities, arbitrary manipulation of markets through bid rigging, cartels and other illegal acts will never be tolerated. The Company will never conduct any illegal transactions under the laws including the Commercial Code, the Anti-Monopoly Act, etc. by forcing specified business partners to accept prices and/or designate quantities, nor implement false transactions.
    Business shall be conducted with partners fairly and ethically on an equal basis, and will not discriminate against partners nor unfairly restrict their business activities.
    The Company shall not engage in any malfeasances that may damage the Company through illegal transactions caused by collusion and bid rigging, nor violate rules.
    The Company will properly control gift-giving, entertainment of customers and business partners for the objective of sales promotion in frequency and amounts with respect to accepted social practices and international standards.
    The Company shall strictly prohibit sales activities using false information and/or exaggerated advertisements that will harm our reputation with customers.
  2. (2)Relationships with Our Suppliers
    Relationships with Our Suppliers
    The Company will negotiate properly to determine suppliers and prices fairly while giving equal opportunities to all partners in the procurement of materials and services.
    In pursuit of procurement operations, the Company shall not require partners to offer benefits and/or favors by taking advantage of its position nor engage in any questionable business practices.
    For entertaining partners and/or giving and receiving gifts, the Company shall practice caution in insuring that it does not deviate from sound common sense.
  3. (3)Relationships with Shareholders
    The Company shall work to maximize profits for our shareholders from the perspective of stable and long-term management. Based on the relevant laws, the Company shall willingly disclose information in a timely manner on our business activities and corporate information for just and fair business practices.
    The Company shall never engage in insider-trading, neither using information of the Company and its affiliates nor information of business partners obtained through operations and transactions.
  4. (4)Political and Administrative Relationships
    Observing the Act for the Regulation of Political Funds and the Public Offices Election Act, the Company will never illegally offer endowments and political donations. In accordance to relevant laws, we will appropriately conduct transactions with public offices and local governments by eliminating collusion and improper personal relationships.
  5. (5)Social Relationships
    Recognizing their role as a corporate spokesperson, each employee shall make every effort to accurately convey the policies of the Company’s management in order to earn the public’s trust. The Company shall sincerely welcome opinions and requests from the community and reflect them in our business activities.
    The Company shall never establish any relationships with antisocial organizations including racketeers and/or gangsters.
    For development and manufacture of products, the Company shall be attentive to environmental conservation by focusing on the conservation of resources, energy saving, enhancing recyclability, and reducing waste and harmful substances while observing relevant laws and regulations.
    To enhance and maintain good relationships with local communities, the Company will proactively participate in community activities and offer support to them.
  6. (6)Overseas Business Activities
    Following international rules in the Company’s overseas business activities, the Company will promote localization of management as much as possible while respecting that country’s society, culture and customs.

4.Corporate Activities Promptly Responding to Customers and Current Social Needs

  1. (1)Development and Manufacture of Products
    Developing creative products with a focus on emerging customer and social needs as well as potential future generation needs, the Company will provide products, services and information toward the betterment of daily lives and communities in a timely manner.
    With rational production approaches focusing on safety, conservation of resources, energy savings and environmental considerations, we will manufacture quality products under the perfect quality control system to provide them at proper prices with stability in mind.
  2. (2)Customer Support
    The Company shall establish a 24-hour customer support system for prompt and steady operation for customer support activities with an emphasis on three elements: speedy response, smooth parts supply, and communication with customers.
    In the event of product malfunction or safety considerations, the Company shall promptly take appropriate action to reduce the damage and/or risk through cooperation with all individuals involved whether in or out of the Company. The Company will take the necessary steps to prevent recurrence of the problem.

5.Disclosure and Information Systems

  1. (1)The Company shall manage systems and organizations to prevent confidential information leaks with regard to every business activity. The Company shall also legally collect information from competitors and other companies.
  2. (2)The Company shall disclose development and research achievements as intellectual property in accordance with international rules. The Company shall promote the utilization of these achievements for technological development and popularization. In addition, the Company shall respect the intellectual property rights of other companies.
  3. (3)The Company shall disclose information in a timely manner to our stakeholders in accordance with relevant laws. The Company shall properly handle information obtained from other persons.
  4. (4)The Company shall build efficient internal and external information systems through the full utilization of advanced information network systems. The Company shall also make every effort to prevent misuse of these systems for theft and/or falsification of data, as well as the use of the internet and mobile terminals for private gain and interest.

6.Creation of a Free and Magnanimous Company Atmosphere that Is Open yet Maintaining Discipline

  1. (1)Employees shall act rationality and display common sense as businesspersons, understanding that each individual is responsible for their role, which is responsible for development of the Company and the happiness of the individuals.
  2. (2)The Company shall promptly and proactively convey all management information required for fulfillment of employees’ duties to enhance awareness of each individual’s participation in management. Management shall make every effort to directly hear the opinions and views for reflection.
  3. (3)Respecting individual’s rights, personalities and characteristics, the Company shall work to eliminate discrimination against gender, age, post, careers, nationality, physical disability, language, religion and place of birth in personnel affairs, working condition, our words and deeds.
  4. (4)The Company shall create a corporate atmosphere where the spirit to challenge is encouraged without the fear of failure, and will establish a personnel system to fairly assess the capabilities and achievements of each employee.
  5. (5)The Company shall endeavor to create a comfortable and safe work environment, in which employees feel comfort and affluence, while working to improve work conditions.
  6. (6) In the Company’s daily activities, employees shall learn good manners as businesspeople (neat appearance, proper greetings, appropriate response to callers, human relations at the worksite, creating proper business documents, appropriate behavior outside the Company, social customs, etc.) in the effort to create good human relations for the smooth fulfillment of operations.