Partnership Building Declaration
Our company commits to the following activities in an effort to build a new partnership with the companies in our supply chain and advance our cooperation and mutual prosperity.
1. Mutual Prosperity Throughout the Entire Supply Chain and New Cooperation Surpassing Current Scopes and Chains
Working with our direct suppliers, we will appeal to suppliers further along the supply chain (from Tier N to Tier N+1) to increase the added value of the entire supply chain, thereby generating mutual prosperity with our direct suppliers. In conjunction, we will support and advise our suppliers in developing work-from-home capabilities and business continuity plans (BCP) in accordance with the work style reform movement.
〇 Development of new projects through open innovation.
〇 Business optimization through sharing and visualization of information throughout our supply chain.
2. Adherence to Standards of Promotion
We will adhere to the Standards of Promotion set by the Supplier and Medium-Small Size Company Promotion Law for proper business practices with startup companies and suppliers and actively work to correct practices that prevent the building of partnership with them. We will also heed the following items in order to engage in proper business practices with all companies regardless of strength or size.
1. Price Determining
We will not demand improper decreases in costs. When determining pricing, we will respond to requests for negotiation from our suppliers and negotiate pricing to reflect increased costs and ensure an appropriate profit for the supplier. All contracts including those made during such negotiations will be written and issued between the parties.
2. Managing Costs of Molds
We will promote the disposal of unnecessary jigs and coils, both considered as molds, and will not demand suppliers to stock and manage molds without compensation in accordance with the contracts between the companies.
3. Payment Methods
We will make payments to suppliers in cash whenever possible.
4. Intellectual Property and Know How
We will not demand one-sided non-disclosure agreements or disclosure of know-how or intellectual property without compensation.
5. Burdens of Work Style Reform
We will not demand goods, services, or changes in specifications with short lead time that may cause inappropriate increase in costs and inhibit the supplier from engaging in work style reform. In the case of natural disasters, we will not place one-sided burden on our suppliers and will work with them to continue our business relations upon reopening.
〇 We will request and negotiate reasonable costs based on data and market value.
July 2, 2020
|Fuji Electronics Industry Co., Ltd.||Hiroko Watanabe, President|