SUSTAINABILITY
Sustainability Policy
As the one and only agent playing the sound of the next generation, the NexTone Group continually expands the business of managing and promoting the use of music copyrights and the business of supporting rights holders and creators to ensure the appropriate collection and distribution of music copyright licensing fees and support, thereby contributing to the creation of a rich society, further development of the music culture and industry, and realization of a sustainable and better society.
ESG Initiatives
Environment
| Materiality | |
|---|---|
| Promotion of digital transformation | We contribute to the reduction of the environmental burden of the Company and its customers promoting the conservation of energy and resource and saving space, by improving the operational efficiency of the Company and its customers through the use of IT technology. |
Since its founding, the NexTone Group has not only promoted the digitization of statements, etc., to be provided to copyright holders but also engaged in efforts to reduce the burden on the environment for rights holders and users by developing and providing its proprietary Web management/analysis systems for raising business efficiency and saving labor, such as “PlayN,” “croass” and “Contents Passport.”
The Group is also promoting such efforts as reduction of electricity usage by introducing an electronic contracting system and promoting remote work and a free-address workplace.
Social
| Materiality | |
|---|---|
| Sustainable development of the music culture and industry | We support the development of the music culture and industry by providing reliability and convenience to musical works rights holders and users, contributing to the creative cycle. |
| Development and utilization of human resources | We create a desirable workplace by promoting diversity and giving consideration to human rights and the working environment, while nurturing and utilizing professional specialists in copyrights, systems, etc. in our various departments. |
The NexTone Group engages in efforts to solve social issues by making donations to promote growth of the music industry, providing educational organizations with knowledge on copyrights and entertainment, promoting diversity, and paying attention to human rights and the labor environment.
For its employees, NexTone provides support to achieve the best work-life balance by offering the option of remote working and a friendly environment for employees to take leave for childbirth, child rearing, nursing, medical treatment and other reasons for themselves and their families.
Human capital indicators
The table can be viewed by scrolling horizontally.
| Indicators | As of March 31, 2024 (non-consolidated) |
As of March 31, 2024 (consolidated) |
Targets |
|---|---|---|---|
| Proportion of women in management positions | 22.6% | 19.0% | 30% or more by fiscal 2026 |
| Gender wage gap | 68.6% | 67.3% | 75% or more by fiscal 2026 |
| Utilization of childcare leave by men | 100% | 60.0%* | 75% or more |
| Utilization of paid leave (including carry-over from the previous fiscal year) |
51.2% | 50.1% | 60% or more by fiscal 2026 |
* Some of our Group companies have adopted their own flexible working arrangements, such as flextime and work-from-home schemes, and they each encourage work styles that enable a balance between working and caring for children.
Governance
| Materiality | |
|---|---|
| A highly reliable system | We secure and maintain a highly reliable system by regularly renewing copyright processing and other systems with a conscious awareness of system risks. |
| Enhancing governance | We achieve sustainable growth in corporate value by strengthening corporate governance and enhancing transparency to achieve balance between growth-oriented investing and risk management. |
The NexTone Group recognizes that, for lasting corporate growth, it is important to ensure the soundness and transparency of management and fulfill its social responsibilities as a corporate citizen.
With that recognition, the Group designates the enhancement of corporate governance as an important managerial issue and strives to reinforce the management system to ensure that its officers and all employees achieve efficient execution of business operations through such efforts as securing independent officers, promoting the appointment of female directors and establishing the compensation committee.
