Distribution of Added Value to Stakeholders
As the social responsibility of the Teijin Group, we place importance on maintaining a profit through our business, and distributing the resulting added value to stakeholders in an appropriate manner.
Corporate Code of Conduct
Coexistence with the global environment
The Teijin Group aspires to ensure society´s sustainable development, to exist in harmony with the natural environment and to cherish nature and life.
Contribute to society and support the development of local communities
The Teijin Group contributes through its business operations to the development of the economy of the countries or regions in which it locates its bases. In addition, from the perspective of promoting mutually beneficial coexistence with society, the Teijin Group conducts appropriate activities to contribute to society as a responsible corporate citizen, and actively participates in and supports the fields of science, education, culture, and athletics, as well as preservation of the environment, prevention of disasters, and rescue operations.
In conducting its operations, the Teijin Group respects the interests of its stakeholders, including shareholders, employees, customers, suppliers, local community residents and others, and strives to engage in dialogue with them. In addition, with the exception of trade secrets and other confidential information, the Teijin Group is committed to disclosing publicly, in an appropriate manner, any information that is both related to its operations and important to society.
Respect the personality and individuality of employees
The Teijin Group respects the personality and individuality of its employees and accepts their diversity including nationality, gender, religion and attributes. The Teijin Group also secures safe and comfortable working environments, while encouraging its employees to realize an affordable and fulfilling lifestyle.
Distribution Results in FY2016
The added value obtained in FY2016 was distributed to major stakeholders as follows.
The total amount of added value was calculated by subtracting expenses for transportation, R&D, marketing promotion and tenancy, tariffs, depreciation, and other selling, general and administrative expenses (SGA) from gross operating profit (net sales minus cost of sales), and adding independently calculated social contribution expenses and environmental preservation expenses.
These final two expenses are included in either other SGA or manufacturing costs. Additionally, social contribution expenses include the use of company facilities by local residents and services provided by employees converted to a monetary value. For distribution of added value, the stakeholder classification is listed as "local communities."
Distribution of Added Value to Stakeholders
|Stakeholders||Amount (billions of yen)||Breakdown||Remarks|
|Shareholders||10.8||Dividend||Figures are shown in financial statements (in the Dividends table of the Consolidated Financial Statements Summary for the year ended March 31, 2016).|
|Employees||60.0||Salaries/wages, bonuses and retirement allowances||Figures are shown in financial statements (Amounts of left-side line items that are included in selling, general and administrative expenses in the Consolidated Statements of Income). Note that the amounts shown on the left do not include personnel expenses that are calculated as part of manufacturing costs.|
|Creditors (financial institutions)||2.2||Interest paid||Figures are shown in financial statements (Interest expenses in the Consolidated Statements of Income)|
|Administrative organizations (national and local governments)||12.0||Taxes paid, such as corporation, local and business taxes||Figures are shown in financial statements (Corporate tax, residence tax, and business tax, in the Consolidated Statements of Income for the year ended March 31, 2016)|
|Local communities||0.9||Monetary donations, and article donations, free renting of company facilities, and services provided by employees converted to a monetary value using the Nippon Keidanren (Japan Business Federation) method.||Calculated by the CSR Planning and Promotion Department|
|Company (Teijin Limited)||41.3||Increase in retained earnings||Figures are shown in financial statements (Difference in retained earnings between current and previous fiscal years, in the Consolidated Balance Sheets)|
|The environment||5.2||Expenses for environmental preservation||Calculated by the CSR and Compliance Department|
Percent Allocation of Added Value to Stakeholders
Trends in Added Value Distribution to Stakeholders
Teijin Group´s stakeholders