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Security Export Control

Approach

The IHI Group has established its Security Export Control Compliance Program to properly implement security export control for the purpose of maintaining peace and security in Japan and the international community, and conducts strict export controls to prevent products and technologies from leading to the development of mass destruction weapons or excessive stockpiles of conventional weapons.
The IHI Group strives to comply with not only the Foreign Exchange and Foreign Trade Act (FEFTA) of Japan, but also the local regulations of where our overseas group companies are located and applicable extraterritorial regulations. This helps reduce the risk of legal violations and as a result, potential administrative sanctions.

Policy

Security Export Control Compliance Program

The IHI Group has launched the following as the principle in its Security Export Control Compliance Program.

  • The IHI Group does not export goods and/or transfer technology subject to control, even as an intermediary trade transaction, directly or indirectly to restricted countries or regions in violation of FEFTA without obtaining the license from the authorities.
  • The IHI Group does not re-export goods or re-transfer technologies controlled by applicable extraterritorial regulations without obtaining the permission from the relevant authorities or following the required procedures.

Governance

IHI Security Export Control Committee

The IHI Group has set up its own Security Export Control Committee chaired by the Representative Director and composed of Committee members (Managers selected from each division, business area, and corporate divisions), and the secretariat (Economic Security Division). At the Committee, the Committee members conduct transaction screenings, audit security export control practices, share the latest information about relevant laws and regulations, and implement awareness-raising and educational activities. In fiscal 2024 this Committee meeting was held three times, sharing audit results, management concerns, and security export control conditions including the situation not only in Japan but also overseas, and horizontally disseminating them to enhance management quality throughout the IHI Group.

Security Export Control Structure

IHI Security Export Control Committee

Committee Chairperson Representative Director
Members Managers selected from each division, business area, and corporate divisions
Secretariat Economic Security Division
Number of meetings convened in FY2024 3

Risk Management

Security Export Control Screening

The IHI Group has established a transaction screening system to thoroughly and appropriately screen transactions according to their content. After its transaction division proposes screening for all transactions, each division and business area objectively review them for validity and legality. Concerning highly sensitive cases or ones which require approval from the Ministry of Economy, Trade and Industry, the representative director screens the case, and the transaction cannot proceed unless approved.

Security Export Control Screening System

Education/Awareness Building

The IHI Group provides security export control education for its employees at each specific level. The content of the training corresponds with the employee’s role. Furthermore, the Group promotes STC Expert/STC Legal Expert certification acquisition, sponsored through the third-party organization.
Security export control requires comprehensive and precise understanding of complex laws and regulations. The Group strives to ensure each employee understands these laws and regulations and properly addresses security export control.

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