Business Policy| Kurita Industries

Environmental Policy

01. Purpose of this Policy

The purpose of this Policy is to stipulate basic matters to promote the environmental improvement activities by Kurita Water Industries Ltd. (hereinafter referred to as “Kurita”) and its consolidated subsidiaries (hereinafter referred to as the “Group Companies”; “Kurita” and the “Group Companies” shall be collectively referred to as “Kurita Group”). The aim of this is to contribute to the business activities, that realize the sustainable development of society and the increase of the enterprise value of Kurita Group.

02. Definitions

Environmental improvement activities mean the activities as indicated below developed based on Kurita Group Environmental Policy (hereinafter referred to as this “Policy”):

Activities to comply with the environment-related laws and regulations of each country and region (hereinafter referred to as the “Local Laws and Regulations”) which are applicable in conducting business activities;
Initiatives to resolve international issues related to the sustainability of water and the environment through business activities; and
Disclosure of information related to A and B, and engagement with customers, business partners, employees, shareholders and investors, and local communities (hereinafter referred to as the “Stakeholders”) related to such activities.

03. Environmental Policy

A. General Provisions

Kurita Group will engage in the environmental improvement activities to achieve the three themes; “Solve issues related to water resources”, “Contribute to the realization of a decarbonized society”, and “Contribute to building a circular economy society” (hereinafter referred to as the “Shared value themes”) of the “Kurita Group’s Materiality” (hereinafter referred to as the “Materiality”) , based on the corporate philosophy, “Study the properties of water, master them, and we will create an environment in which nature and humanity are in harmony.”
Kurita Group will support the “SDGs (Sustainable Development Goals) adopted by the UN in 2015 and contribute to achieving relevant goals through the environmental improvement activities.
Kurita Group will establish systems and rules, etc. necessary for the performance of the environmental improvement activities.
Directors (Directors, Officers and other equivalent persons) and employees of Kurita Group (hereinafter referred to as the “Directors / Employees”) must actively engage in the environmental improvement activities in their respective capacities.
Kurita Group will develop Kurita Group’s unified mid-term goals and activity plans by fiscal year related to the environmental improvement activities and manage activity goals.
If any actual or alleged breach of the Local Laws and Regulations arises, the Directors / Employees of Kurita Group will immediately report the same in accordance with the established emergency communication procedures.
Kurita Group will check that business activities are being carried out appropriately in accordance with the Local Laws and Regulations.
Kurita Group will verify the effect of the environmental improvement activities on a regular basis, and utilize this for continual improvement.
Kurita Group will carry out education and training activities for the promotion of the environmental improvement activities for the Directors / Employees.
Kurita Group will disclose, in an active and fair manner, information which helps the Stakeholders to understand the environmental improvement activities.
Kurita Group will check expectations and concerns of the Stakeholders with regards to Kurita Group, and utilize the results to continually improve the environmental improvement activities.

B. Activity Policy in Value Chain

Kurita Group will procure raw materials and services by considering the impact on the environment and the possibility of recycling them, and request that business partners pay attention to reducing environmental burden associated with business activities.
Kurita Group will endeavor to “Develop and disseminate innovative products, technologies, and business models” which contribute to achieving the “Shared value themes” of the Materiality.
Kurita Group will engage in the activities to achieve the “Shared value themes” by providing customers with “CSV Business.”
For the production and transport of products, and administration, meetings and transportation associated with business activities, Kurita Group will prioritize methods which make less use of water and energy and produce less waste.
For the production and transport of products, and administration, meetings and transportation associated with business activities, Kurita Group will prioritize the implementation of optimal methods based on the “Shared value themes.”
In providing services and conducting construction work requiring local work, Kurita Group will endeavor not to give a negative impact to the environment through such work and prioritize the implementation of optimal methods which based on the “Shared value themes.”

04. System

Kurita Group will engage in the activities related to the metrics and targets of “Shared value themes” as a whole group. The Sustainability Committee receives reports from the Responsible Organizations which are set for each metric of the “Shared value themes” and manage progress. The Sustainability Committee reports the state of activities of the whole Kurita Group and expectations and concerns of the Stakeholders to the Executive Committee of Kurita.
The Responsible Organizations deploys measures to achieve the targets of the “Shared value themes” to all division of Kurita, and each division of Kurita deploys measures to the Group Companies within its jurisdiction.
Each division of Kurita and each Group Company will set a Promotion Manager*1 for the environmental improvement activities.
The Promotion Managers will promote the environmental improvement activities of the organizations they are in charge of.

*1: The Promotion Manager of any of the Group Companies which have subsidiaries will serve concurrently as the Promotion Manager of such subsidiary.

Kurita Group Occupational Health and Safety Policy

01. Objectives of this Policy

The objective of this Policy is to promote occupational health and safety initiatives continuously at Kurita Water Industries Ltd. and its consolidated subsidiaries (hereafter, the "Group companies "; Kurita Water Industries Ltd. and "Group companies" are hereafter collectively referred to as the "Kurita Group") in accordance with a policy which is common to the Kurita Group, by positioning occupational health and safety as the top priority in operating businesses, so as to ensure the occupational health and safety of officers, etc. (Directors, members of the Audit & Supervisory Board, Executive Officers, Corporate Officers, and personnel equivalent to them) and employees of Kurita Group (hereinafter referred to as, " Officers, etc. / Employees ") and create and maintain a comfortable work environment.

02. Policies

A. Compliance with laws

The Kurita Group will observe laws and regulations related to occupational health and safety which apply in each country or region where it conducts business activities.

B. Investment of management resources

The Kurita Group will strive to maintain and improve a safe, comfortable work environment by investing its management resources such as human resources, equipment, and funds.

C. Clarification of roles, authorities, and responsibilities

The Kurita Group will clarify the roles, authorities, and responsibilities of occupational health and safety organizations and occupational health and safety managers of Group companies, so as to conduct autonomous, sustained occupational health and safety activities.

D. Setting occupational health and safety targets and developing and implementing plans

The Kurita Group will have the occupational health and safety organizations of Group companies set targets for their occupational health and safety activities in accordance with business contents and regional characteristics of each company, as well as the laws and regulations which apply in each country, develop plans to achieve the targets, and implement the plans through the united efforts of employer and employees. In addition, the Kurita Group will conduct appropriate reviews based on the results of implementation and make continuous improvements.

E. Elimination and reduction of risk factors and hazards

The Kurita Group will conduct risk assessments, identify risk factors and hazards to make improvements, and eliminate or reduce the risks.

F. Education and training

The Kurita Group will provide education and training on occupational health and safety its officers, etc. / employees, and business partners and inform them thoroughly of the Occupational Health and Safety Policy and the objective, plans, and measures of its occupational health and safety activities.

03. Department in charge

The department responsible for this Policy shall be Human Resources Department Corporate Control Administration Division of Kurita Water Industries Ltd.

04. Changes, etc. to this policy

Revision and abolition of this policy shall be made in accordance with the Management Regulations for Policies and Regulations of Kurita.

A. Supplemental provision

This policy will be established and come into effect on April 1, 2018.
This Policy is in effect and were last updated on April 1, 2025.

Kurita Group Product Quality Policy

01. Objectives of this Policy

The purpose of this Policy is to set the framework for Kurita Water Industries Co., Ltd. (hereinafter referred to as "KWI") and its consolidated subsidiaries (hereinafter KWI and its consolidated subsidiaries are collectively referred to as "Kurita Group") to provide highly reliable products and services through appropriate quality activities. The aim of this is to ensure that we grow into a corporate group that is widely accepted not only by customers but also by society.

02. General Provisions

Each company of the Kurita Group will comply with the laws, rules, regulations, and social norms of each country and region applicable in its business activities and carry out quality activities.
Each company of the Kurita Group will establish necessary systems and standards for quality activities based on this Policy, secure resources, and promote appropriate quality activities.
Officers etc. (Directors, members of the Audit & Supervisory Board, Executive Officers, Corporate Officers, and personnel equivalent to them) and employees (hereinafter referred to as "Officers etc./Employees") of the Kurita Group will engage in appropriate quality activities by complying with this Policy in their business activities related to their products and services.
Officers etc./Employees of the Kurita Group will immediately report any observed or potential deviations of the quality activities from this Policy to the competent division.

03. Basic Policy

"The Kurita Group will continually provide safe and secure products and services that contribute to solving customer and societal issues, thereby winning unshakable trust."

Based on the Kurita Group's Materiality, each company of the Kurita Group will implement specific measures through the following approaches in a quality management system.

We will accurately understand the demands and expectations of our customers and delve into their backgrounds and examine any related factors, thereby striving to better understand their true needs.
We will build a system to accumulate and utilize the knowledge obtained from frontline sites (Gemba) and provide reliable products and services that are always based on the latest knowledge.
We will establish processes and standards for verifying, inspecting, and monitoring products and services, and keep records of those activities.
We will appropriately disclose information about products and services.

04. Confirmation and Improvement of Status of Quality Activities

Each company of the Kurita Group will continually confirm whether quality activities are being carried out appropriately by conducting self-inspections, having investigations done by the responsible person and his/her designee, and listening to the opinions and requests of customers, and improve the above on each occasion if any problem is identified.

05. Promotion System

Responsible Person
KWI will promote quality activities based on this Policy by the Kurita Group, with the Chief Quality Officer (CQO) as the person in charge.
System of each group company
Each company of the Kurita Group will clearly determine the quality assurance system, organizational roles, responsibilities and authorities, and engage in autonomous and continual quality activities based on this Policy.

06. Competent Division

The competent division of this Policy will be the Quality Assurance Department Supply Management Group Engineering Division of KWI.

07. Changes, etc. to this policy

KWI shall amend or abolish this Policy according to the Management Regulations for Policies and Regulations of KWI, based on trends in the laws, standards and criteria related to this Policy, and on the status of activities by the Kurita Group.

Last updated: April 1, 2024

Procurement Policy

01. General Provisions

Kurita Group will establish a system to engage in appropriate procurement activities based on Kurita Group Procurement Policy (hereinafter, "this Policy").
Each company among Kurita Group will prepare rules and regulations based on the matters set forth in this Policy and in accordance with applicable laws and regulations, etc. of each country or each region.
Directors and employees of Kurita Group must comply with this Policy and ensure that appropriate procurement activities shall be carried out throughout the supply chain.
When directors and employees of Kurita Group discover any procurement activity that is in violation of, or any event that is suspected of being in violation of this Policy, shall immediately report such activity to competent division of Kurita.

02. Procurement Policy

Kurita Group will promote social responsibility-oriented procurement activities throughout its supply chain, share the recognition with suppliers and strive for mutual prosperity based on mutual trust, as follows:

To conduct transactions in consideration of basic human rights, occupational health and safety, and preservation of the global environment in compliance with laws and regulations as well as social norms;
To provide fair and equal business opportunities to the suppliers, to conduct transactions in reliable quality, at competitive and reasonable prices, based on appropriate specifications and standards;
To procure materials and services that enables continuous and stable supply of our products and services to customers, and contribute to the sustainable development of the society; and
To forbid entering into any transaction that would benefit antisocial forces or terrorist groups.

03. Confirmation and Improvement of Status of Procurement Activities

Kurita Group will periodically conduct an audit to confirm whether the procurement activities are carried out appropriately, and improve each and every issue detected during the audit.

04. Promotion System

Promotion Officer
KWI shall assign Group Manager of the UX Group, Group Engineering Division, as the Promotion Officer, to promote appropriate procurement activities in the Kurita Group based on this Policy.
System in each group company
Each company among Kurita Group shall assign their senior manager responsible for procurement in their organization as the Promotion Officer, to promote appropriate procurement activities based on this Policy.

Kurita Group Confidential Information Management Policy

01. General Provisions

Kurita Group shall establish systems and rules that are needed to execute confidential information management in accordance with this policy.
Confidential information management at Kurita Group shall comply with the treaties, laws, rules, and regulations of the countries and regions in which Kurita Group operates, and shall be based on standards that are generally recognized to be fair and appropriate.
Kurita Group shall implement confidential information management that is shared or integrated within the Group and in accordance with this policy.
Group companies shall immediately report to Kurita in the event of an accident that may affect the businesses of Kurita Group, such as an information leak.

02. Definition of confidential information

Kurita Group defines confidential information as follows:

Information that would inconvenience or harm internal parties and external third parties if it were leaked to an unauthorized individual and improperly used by such person.
Information that would diminish the competitiveness of the company or lead to lost business opportunities for Kurita Group and its trading partners, or other losses if it were leaked to an unauthorized individual and improperly used by such person.

03. Indication and classification of confidential information

Directors and employees of Kurita Group must observe the following:

Documents, recording media, samples, and other items that contain confidential information shall have an indication to that effect.
Confidential information shall be classified into "Strictly Confidential" information, "Confidential" information, and information for "Internal Use Only," based on the level of importance of the content and the level of negative impact that would occur if it were leaked.

04. Sharing of information between Group companies

Directors and employees of Kurita Group must observe the following:

Confidential information of a third party that is obtained based on a non-disclosure agreement must not be disclosed without the approval of the other party to the agreement when it is disclosed to other companies of Kurita Group.
Classification of confidentiality specified by the origin of information must be carried over when confidential information is shared between companies of Kurita Group.

05. Confirmation of status and review of the policy

Kurita shall continuously monitor confidential information management at Kurita Group in light of this policy.
Kurita shall review this policy regularly and as needed based on the status of confidential information management and the risk of unauthorized disclosure of information at Kurita Group.

Kurita Group Personal Information Management Policy

01. Definitions

Personal information means information about a living individual and information by which a specific individual can be identified by a name, date of birth or other descriptions, etc. contained therein.

02. General Provisions

Each Kurita Group company shall build a system necessary for protecting and managing personal information and establish rules (hereinafter, "Personal Information Management Rules") that set forth rules for complying with the Personal Information Protection Laws based on Kurita Group Personal Information Management Policy (hereinafter, the "Policy").
The Personal Information Management Rules established by each Kurita Group company shall abide by rules for the handling of personal information that are established by the Policy and the Personal Information Protection Laws that are applied in each country or each region for each Kurita Group company to conduct business activities (hereinafter, "Local Laws"). If the provisions of the Policy do not conform to the Local Laws, the Personal Information Management Rules that give priority to the Local Laws shall be established.
Directors and employees of Kurita Group (hereinafter, "Directors and Employees") shall handle personal information properly in compliance with the Policy.
Kurita Group shall take the necessary actions from organizational, personal, physical and technical perspectives to manage personal information safely and appropriately.
If an incident such as the leaking of personal information occurs or if a leak is suspected, Kurita Group company involved shall immediately report it to the Information System Department of Kurita Water Industries.

03. Handling of personal information

Directors and Employees shall not obtain personal information by deception or other wrongful means.
If Kurita Group and its Directors and Employees have obtained personal information, they shall promptly notify the principal of the purpose of use, unless the purpose of use of personal information has been published in advance.
Kurita Group shall specify the purpose of use of personal information, and Directors and Employees shall handle personal information only for that purpose of use. In addition, personal information to be handled shall be limited to the minimum necessary content.
Kurita Group shall take the necessary actions to prevent the leaking of personal information, etc. based on the measures for preventing the leaking of information stipulated in Kurita Group Confidential Information Management Policy.
Directors and Employees shall strive to keep personal information accurate and up to date and shall delete the personal information without delay when it is no longer required.
Directors and Employees shall not provide personal information to a third party without obtaining the principal's consent in advance. When they provide personal information to a third party, they shall comply with the provisions of the Local Laws and the Personal Information Management Rules.
Directors and Employees shall not receive the provision of personal information from a third party, except for unavoidable cases in the course of their work.
When Kurita Group entrusts all or part of the handling of personal information to a third party, Kurita Group shall select a party to whom the handling of personal information is entrusted after confirming that the party has in place a sufficient system for protecting personal information and shall exercise necessary and appropriate management so that the personal information is managed safely by the third party.

04. Demand, etc. for the disclosure, etc. of personal information

Kurita Group shall strive to appropriately and promptly handle the reception and administration of consultations and complaints about the handling of personal information by establishing an office to protect personal information as a point of contact for responding to demand for the disclosure, revision and cessation of use of personal information and other consultations, etc.
When Kurita Group receives a demand for the disclosure, revision and cessation of use of personal information from a principal, Kurita Group shall promptly respond to the demand after confirming that the demand is made by the principal.

05. Checking and improvement of the management status of personal information

Kurita Water Industries shall regularly check the management status of personal information in Kurita Group and improve it as needed whenever a problem is identified.

Kurita Group Disclosure Policy

01. Basic Policy

Kurita Water Industries Ltd. and its consolidated subsidiaries (hereinafter the "Kurita Group," and Kurita Water Industries Ltd. on a non-consolidated basis shall be hereinafter referred to as the "Company") strive for management that respects shareholders. To facilitate its sustainable growth and enhance corporate value in the medium and long term, the Kurita Group promotes constructive dialogues with shareholders, investors and others by making fair and timely information disclosures in accordance with relevant laws and rules, while actively and fairly disclosing various kinds of information the Kurita Group deems effective for promoting an understanding of its activities.

02. Information subject to disclosure and disclosure methods

A. Legal disclosures and timely disclosures

The Company abides by and discloses information in accordance with the Companies Act, the Financial Instruments and Exchange Act and other laws and regulations (hereinafter collectively referred to as "related laws and regulations"), and rules on the timely disclosure of corporate information stipulated in the securities listing regulations of the Tokyo Stock Exchange (hereinafter referred to as "the timely disclosure rules"). Information meeting the criteria of the timely disclosure rules is promptly disclosed via the Timely Disclosure Network (TDnet) provided by the Tokyo Stock Exchange as well as on the Company's corporate website.

B. Voluntary disclosures

Even when certain information is not subject to related laws and regulations or the timely disclosure rules, the Company discloses information deemed useful for investors in making investment decisions via TDnet or the Company's website.

C. Handling of material information

In abiding by the stipulations of Article 27-36 of the Financial Instruments and Exchange Act (commonly referred to as "the Fair Disclosure Rule"), the Company does not selectively disclose to a limited number of shareholders or investors material information (facts of decision, facts of occurrence, financial information, etc.) that has not been made public and is deemed likely to have a significant influence on investors' investment decisions (hereinafter collectively referred to as "material information"). In the event that the Executive General Manager of the Corporate Control and Administration Division determines that a Company director, executive officer, or employee has unintentionally conveyed material information to a limited number of shareholders or investors, the said material information will be made public promptly. In instances, however, where it is judged inappropriate to promptly make public conveyed information deemed material information, separate measures may be taken to ensure the fairness of information disclosure in not making the material information public.

03. Enhancing the fairness of information access

The Company strives to ensure the fairness of information access for shareholders, individual investors, institutional investors in and outside Japan, analysts and others by publishing on the corporate website presentation materials and summaries of question and answer sessions used in financial results briefings, along with other material, to the extent possible. The Company also strives to expand the availability of English-language materials.

04. Information management and information disclosure system

Information management
The Executive General Manager of the Company’s Corporate Control and Administration Division is responsible for the management of the Kurita Group’s material information. The Executive General Manager of the Corporate Control and Administration Division will set up a disclosure council consisting of the departments in charge of IR/SR, Corporate Planning, Accounting, Finance, ESG and Corporate Communication and others designated by the Executive General Manager to share information regularly or as needed. Additionally, the Executive General Manager provides information necessary for dialogue to designated spokespersons.
Disclosure decisions
The Company’s Executive Committee or Board of Directors decides the timing and method of disclosure for information that meets the disclosure criteria of related laws and regulations and the timely disclosure rules. The Executive General Manager of the Corporate Control and Administration Division decides the disclosure timing and method of information that does not meet the timely disclosure rules. When disclosure decisions are made, the Executive General Manager of the Corporate Control and Administration Division consults and collaborates with the General Managers of the Control and Analysis Department, the General Affairs and Risk Management Department, the Corporate Accounting Department, the Corporate Finance Department, the Strategic Promotion Department, the Strategic Planning Department, the Governance Promotion Department, the Corporate Communication Department, and others designated by the Executive General Manager, as necessary.
Spokesperson designation
To ensure information accuracy and disclosure fairness, the designated spokespersons for investor relations and shareholder relations are the Company's President, the Executive General Manager of the Corporate Control and Administration Division, the General Manager of the Corporate Planning Department , dedicated IR/SR staff, and others designated by the Executive General Manager.

05. Earnings forecasts and forward-looking statements

The Company discloses earnings forecasts and forward-looking statements regarding medium-term management plans and other matters. Since this information is based on information available to management at the time of preparation and forecasts based on certain assumptions deemed reasonable at that time, there is a risk that actual results will be materially different from forecasts. The Company strives to disclose the reasons behind its assumptions and conceivable risks when presenting earnings forecasts and forward-looking information.

06. Silent Period

In order to prevent the leakage of undisclosed financial information, the Company has adopted a "silent period" that commences on the day following the closing date of the fiscal period and ends on the day the related financial statements are released. During this period, the Company will not respond to questions or make any comments concerning financial results or earnings forecasts for the relevant period. During the silent period, the Company will respond to any questions concerning information that has already been made public.

07. Market speculation and forecasts

In principle, the Company does not respond to speculative comments concerning the Kurita Group or comments concerning earnings forecasts or evaluations by persons unrelated to the Company. If, however, the Company determines that third-party comments will have a significant impact on the Company's stock price, information will be disclosed appropriately through TDnet.

Kurita Group Disclosure Policy (PDF: 340KB)

Amended in April 1st, 2025

08. Related information

Timely Disclosure

Kurita Group Corporate Citizenship Activities Policy

01. Basic Concept

To realize its corporate philosophy "Study the properties of water, master them, and we will create an environment in which nature and humanity are in harmony," the Kurita Group defines activities that contribute to water preservation and environmental protection and the realization of affluent lifestyles without the aim of gaining direct revenue as corporate citizenship activities, and we aim to earn trust of society and acquire new knowledge by actively and continuously focusing on such activities. The Kurita Group has set five priority areas for its corporate citizenship activities: "Promotion of science and technology," "Improvement of issues related to water resources and public health," "Fostering the next generation," "Recovery and reconstruction of disaster-stricken areas," "Revitalization of local communities," and promote corporate citizenship activities in accordance with the system, roles, and approach to corporate citizenship activities expenditures shown in the Group Guideline on Corporate Citizenship Activities.

02. Activity Policies in Each Priority Area

Promotion of science and technology
The Kurita Group will contribute to the promotion of science and technology related to water and the environment by supporting the programs of the Kurita Water and Environment Foundation, including programs to subsidize surveys and research on water and the environment and programs to support international exchange.
Improvement of issues related to water resources and public health
The Kurita Group will strive as necessary to improve issues with freshwater resources such as rivers, lakes and marshes, and seas and oceans, including collaboration with external organizations. The Kurita Group will also contribute to improvement of water access and preventing the spread of infectious diseases by providing support for the construction and repair of sanitation facilities for people facing problems with water, sanitation and hygiene.
Fostering the next generation
The Kurita Group will foster awareness of water-related issues and stimulate interest in science among children and students who will lead the next generation by holding hands-on learning events, providing on-site classes, and sponsoring contests.
Recovery and reconstruction of disaster-stricken areas
In the event of a disaster or conflict that has a significant impact on people's lives and economic activities, the Kurita Group will provide support for disaster-stricken areas.
Revitalization of local communities
As a member of the local community, the Kurita Group will contribute to the revitalization of the local community by participating in and supporting community activities such as cleaning, tree planting, and sports events.

Kurita Group Tax Policy

The purpose of this Tax Policy is to establish basic attitude and philosophy on tax operations of Kurita Water Industries Ltd. (hereinafter “Kurita”) and its consolidated subsidiaries (hereinafter, “Group company”, together with Kurita, are collectively referred to as the “Kurita Group”) in order to contribute to society and improve the corporate value by complying with tax laws and regulations of each country and regional jurisdiction in which the Group operates and fulfilling tax payment obligations.

01. Purpose of this Policy

The purpose of this Tax Policy is to establish basic attitude and philosophy on tax operations of Kurita Water Industries Ltd. (hereinafter “Kurita”) and its consolidated subsidiaries (hereinafter, “Group company”, together with Kurita, are collectively referred to as the “Kurita Group”) in order to contribute to society and improve the corporate value by complying with tax laws and regulations of each country and regional jurisdiction in which the Group operates and fulfilling tax payment obligations.

02. General Provisions

The Kurita Group establishes a structure necessary for Kurita to understand timely the status of tax operations in each group company and take proper measures in order to perform appropriate tax operations in accordance with the Kurita Group’s Tax Policy (hereinafter the “Policy”).
The Kurita Group provides necessary items in the Tax Group Guidelines in order to perform appropriate tax operations provided in the preceding paragraph.

03. Policies

A. Ensuring tax Compliance

As a global company, the Kurita Group complies with tax laws and regulations of each country and regional jurisdiction in which the Kurita Group operates together with international rules such as tax treaties and the OECD Guidelines, and fulfills tax payment obligations.

B. Prohibition of tax avoidance activities

The Kurita Group does not conduct activities for mitigating tax obligations, which deviates from the intent and purpose of tax laws and regulations, rules, and global rules such as tax treaties and the OECD Guidelines, and without business rationality.

C. Ensuring tax transparency

The Kurita Group understands the importance of accountability to the tax authorities, investors and other stakeholders by disclosing information on tax operations appropriately and strives to ensure transparency by disclosing the information on tax operations pursuant to laws and regulations.

D. Rule for tax planning

The Kurita Group makes efforts for tax efficient planning within the taxation system and strives to maintain and improve the corporate value based on tax compliance.

E. Risk management related to intellectual property

The Kurita Group strives to build and maintain trust with the tax authorities through provision of appropriate tax information and honest correspondence with tax authorities during tax inspection.

04. System of promotion & implementation

A. Promoter

The Kurita Group appoints the General Manager of Corporate Accounting Department, Corporate Control and Administration Division as a responsible person for implementation under the direction and supervision of the Chief Financial Officer in charge of accounting and finance to implement appropriate tax operations pursuant to the Kurita Group’s Tax Policy. Provided, the General Manager of Corporate Finance Department, Corporate Control and Administration Division appointed as a responsible person for implementation of this policy to Foreign Companies.

B. Implementation system

Each Kurita Group company shall recognize and set clear standard of its responsibility for implementing its own tax operations and carry out its own tax operations in accordance with the Policy.

05. Department in charge

Corporate Accounting Department, Corporate Control and Administration Division of Kurita shall be responsible for managing this Policy.

06. Changes

Any changes to this Policy shall be made in accordance with the Management Regulations for Policies and Regulations of Kurita Water Industries.

A. Supplemental provision

This policy shall be enacted and effective on December 1, 2018.
This policy shall be amended and shall take effect on April 1, 2019.
This policy shall be amended and shall take effect on April 1, 2021.

Kurita Group Intellectual Property Activities Policy

01. Purpose of this Policy

This policy sets out the basic matters concerning intellectual property activities of Kurita Water Industries Ltd. (hereinafter “Kurita”) and its consolidated subsidiaries (hereinafter “Group Companies”; Kurita and Group Companies are collectively referred to as “Kurita Group”) in order to promote the appropriate acquisition, protection and utilization of intellectual properties, and respect the intellectual properties of others. This policy aims to maximize the utilization of the intellectual properties of Kurita Group to expand business and improve profitability.

02. Definitions

In this policy, “intellectual property” or “intellectual properties” refers to any inventions, designs, works (including computer programs) and trademarks.

03. Policies

A. General Provisions

Kurita Group shall establish systems and operational rules based on this policy and promote intellectual property activities.
The intellectual property activities of Kurita Group shall be implemented in accordance with the treaties, laws, rules, and regulations of relevant countries and regions, and standards that are generally recognized to be fair and appropriate.

B. Acquisition, protection and utilization of intellectual properties

Kurita Group shall understand the importance of intellectual property in its business activities, strive to acquire and protect its valuable intellectual properties in each country and region, and promote the utilization of intellectual properties.

C. Respect the intellectual properties of others

In promoting business activities, Kurita Group shall comply with all laws and regulations related to intellectual property in each relevant country and region, as well as respect the intellectual properties of others.

D. Intellectual property management

To promote Kurita Group’s intellectual property activities smoothly and effectively, Kurita is in charge of gathering and managing information related to Kurita Group’s intellectual properties.
Kurita shall establish guidelines to manage intellectual properties and ensure that the said guidelines are implemented at Kurita Group.

E. Risk management related to intellectual property

Kurita determines the countermeasures for any intellectual property-related risk that may affect Kurita Group’s business.

04. System of promotion & implementation

A. Promoter

Kurita appoints the General Manager of the IP Strategy Department of the Innovation Division as a promoter to implement appropriate intellectual property activities based on this policy under the direction and supervision of the Executive General Manager of the Innovation Division.

B. Implementation system

The promoter shall promote intellectual property activities within the group based on this policy.
Each Group Company shall appoint an administrator for its own intellectual properties and shall cooperate with Kurita to implement appropriate intellectual property activities based on this policy.

05. Department in charge

The department responsible for this policy is the IP Strategy Department of the Innovation Division of Kurita Water Industries.

A. Supplemental provision

This policy shall be enacted and enforced on April 1, 2023.

06. Changes

Revision and abolition of this policy shall be made in accordance with the Management Regulations for Policies and Regulations of Kurita.

A. Supplemental provision

This policy shall be enacted and enforced on April 1, 2023.