ASICS Procurement Policy

【Procurement philosophy】

ASICS will execute the procurement process at a minimum cost through innovative changes of procurement customs and methods in order to pursue the ASICS Corporate Philosophy of, “Provide valuable products and services through sport to all our customers”. ASICS shall strive to achieve and continue its procurement process in cooperation with authorized suppliers across the world as our business partners.

【Procurement basic policy】

ASICS defines the following basic policies in order to execute our procurement mission in daily operations.

1. CSR procurement

・ASICS shall comply with the laws and social norms and ask all authorized suppliers to comply with applicable laws and standards for healthy workplace including environmental protection and human rights.

2. Conflicts of interest and prevention of unfair business practices

・ASICS officers and employees or their family must not engage in the procurement process with a supplier whose relatives engage suppliers’ management.

・ASICS officers and employees that are involved in procurement process must not accept any gifts or benefits beyond the bounds of socially accepted limits.

3. Pursue economic rationality by engaging in open and transparent processes

・ASICS shall execute a fair supplier selection by utilizing open competitive bidding.

・ASICS shall always provide opportunities to competitive suppliers all over the world.

・ASICS shall promote the consolidation of suppliers and standardization of purchasing goods and specifications.

4. Partnership

・ASICS and suppliers shall continually suggest and consult with each other for cost savings and quality improvement opportunities.

・ASICS and suppliers shall collaborate to establish a crisis management system for supply chain and its maintenance.

・ASICS and suppliers shall drive implementation of electronic transaction, three-way match (purchase orders, statement of delivery, invoice) and business efficiency for strengthening governance.