At the Maxell Group, one of our basic management policies is to pursue enhanced medium- to long-term corporate value through the implementation of management measures that reflect the viewpoints of all stakeholders, including shareholders and other investors, customers, and employees. Accordingly, we will expedite both management decision-making and operational implementation while simultaneously strengthening oversight systems, and thereby strengthen corporate governance.

Highlights of Fiscal 2023

　 「Strengthening Group Governance」
Digital Book viewing　「Officer Message」　by Integrated Report 2024

• Compliance
• Risk Management
• Corporate Governance

Conducting Group Internal Audits

At Maxell Group, risks are managed and considered through the Risk Management Committee with the aim of strengthening governance and enhancing corporate value. Additionally, internal audits of all Group companies are conducted every other year.
　As of March 31, 2024, Maxell Group has 4 domestic and 14 overseas consolidated subsidiaries. A breakdown of these companies is provided below. In fiscal 2023, 6 of the companies were subjected to internal audits. Improvement plans based on PDCA cycles were created in response to the issues identified during these internal audits with the aim of making necessary improvement plans to be implemented within 1 year.
　Additionally, an Internal Control Committee has been established to conduct regular monitoring of constituent committees. Issues identified during internal audits and issues raised at Internal Control Committee meetings are reported to members of the Board of Directors to facilitate improvements.

Maxell Group's consolidated subsidiary companies

Business category	Domestic	China	Asia	Europe and Americas
Manufacturing	1	3	2	-
Sales/services	-	4	3	2
Manufacturing/sales	3	-	-	-

Toward a Unified IT Infrastructure

In order to achieve our action plan of "Building effective governance in group management (deepen management)," we are integrating the IT infrastructure for our core operations in each business and Group company, and are creating an environment in which management information on sales, procurement, production, and accounting, etc. can be centrally collected and managed.
　Initiatives in the domestic Group are being carried out in three major phases, with the first two phases having been completed during the MEX23 medium-term plan period. We will continue working toward completing the integration of IT infrastructure for our core operations by fiscal 2027.

Utilizing Group-Wide Cross-Functional Organization

Maxell Group is advancing development projects through company-wide cross-functional organization that transcends organizational boundaries in order to generate group-wide synergies and expedite the launch of new businesses.
　During the MEX26 medium-term management plan period, we will prepare new businesses and achieve sustainable growth with a focus on the feature to be realized in 2030.
　Additionally, through "Yokogushi MIRAI" (Group-wide new business creation activities), we have set new KPIs in marketing and technology to maximize our synergies. In the future, we will promote activities in line with the new KPIs.

Group synergy networking events

Maximize synergies through MI (Maxell Innovation) activities (company-wide initiatives to create innovation)

Since fiscal 2019, Maxell has been implementing a project called "MI (Maxell Innovation) activities," which is aimed at sustained creation of new businesses. The project involves soliciting ideas and business proposals from employees, subjecting them to an evaluation and selection process, and promoting the creation of new businesses.
　In fiscal 2023, with the participation of external judges we held a new-business-proposal pitch contest that involved various internal and external training and activity program teams.

Holding a Pitch Contest to Maximize Technology Integration and Synergy

　

Roundtable Discussion between Outside Directors and the President　by「Integrated Report 2024」

Maxell Group is working together to steadily advance MEX26 and achieve growth