Materiality
Materiality and KPIs
Materiality Matrix
The 24 materiality factors were mapped according to the two axes of “degree of impact on society” and “degree of impact on our company” to create a materiality matrix. We identified 11 items shown in the top right of the matrix as material issues.
FY2024 review
All Directors and Operating Officers with a title, including Outside Directors, participated in the CSR Committee, which is chaired by the President, and they reviewed material issues and set fiscal 2025 targets based on the actual results in fiscal 2024 for each material issue.
Materiality matrix
3 Categories
Concrete efforts related to important issues
The NOF Group has classified 11 identified materiality items into three categories and is taking action by linking them to concrete business activities. For each materiality item, a lead division and responsible division are assigned, and specific indicators and targets (KPIs) are set as we undertake initiatives.
We will enhance the sustainability of the NOF Group and society as a whole with the aim of realizing the NOF VISION 2030.
Category1 Provide new values to realize a prosperous and sustainable society
Targeting the three prioritized business fields, we will aim to offer new value by combining the core technologies we have cultivated through our diverse business development.
Category2 Strengthen the business foundation
As well as building a corporate culture that accepts diversity of values, we will appropriately identify changes in the environment and technological progress and enhance our resilience.
Category3 Promote Responsible Care activities
By securing the environment, safety, and health in all processes, from product development and manufacture to disposal, we will aim to be a corporate group that is trusted by the whole of society.
KPIs
Provide new values to realize a prosperous and sustainable society
Results（FY2024）
| Materiality | Goals (KPIs) | FY2024 | |||
|---|---|---|---|---|---|
| Numerical targets | Target year |
Results | Details of major initiatives | ||
| Innovation through businesses | R&D investment (NOF group) |
¥25.6 billion 3-year cumulative total |
2025 | ¥7.9 billion 2-year cumulative total： ¥15.2 billion achievement rate of 59% |
Enhancement of R&D capabilities
|
| Number of patent applications (NOF) |
500 3-year cumulative total |
2025 | 221 2-year cumulative total： 382 achievement rate of 76% |
||
| Contribute to the Life/Healthcare field | Net sales of strategic products* in the Life/Healthcare field (NOF group) |
15% increase compared to FY2022 results |
2025 | 11.7% increase |
|
| Contribute to the Environment/Energy field | Net sales of strategic products* to the Environment/Energy field (NOF group) |
15% increase compared to FY2022 results |
2025 | 43.7% increase |
|
| Contribute to the Electronics/IT field (smart society) |
Net sales of strategic products* in the Electronics/IT field (NOF group) |
15% increase compared to FY2022 results |
2025 | 15.6% increase |
|
Goals（FY2025）
| Materiality | Goals (KPIs) | FY2025 | ||
|---|---|---|---|---|
| Numerical targets | Target year |
Details of major initiatives | ||
| Innovation through businesses | R&D investment (NOF group) |
¥25.6 billion 3-year cumulative total |
2025 |
Enhancement of R&D capabilities
|
| Number of patent applications (NOF) |
500 3-year cumulative total |
2025 | ||
| Contribute to the Life/Healthcare field | Net sales of strategic products* in the Life/Healthcare field (NOF group) |
15% increase compared to FY2022 results |
2025 |
|
| Contribute to the Environment/Energy field | Net sales of strategic products* to the Environment/Energy field (NOF group) |
15% increase compared to FY2022 results |
2025 |
|
| Contribute to the Electronics/IT field (smart society) |
Net sales of strategic products* in the Electronics/IT field (NOF group) |
15% increase compared to FY2022 results |
2025 |
|
Among the products in the three prioritized business fields outlined in our vision (Life/Healthcare, Environment/Energy, Electronics/IT), strategic products refer to products for which we pursue customer satisfaction and incorporate new functions and technologies to deliver superiority over competitors, or products we aim to develop into core offerings of our future business divisions
Strengthen the business foundation
Results（FY2024）
| Materiality | Goals (KPIs) | FY2024 | |||
|---|---|---|---|---|---|
| Numerical targets | Target year |
Results | Details of major initiatives | ||
| Create a comfortable workplace ・Employee engagement |
Utilization rate of annual paid leave | 75% or more (NOF) |
2025 | 79.1% |
|
| Overall employee engagement score (NOF) |
50.0 or more | 2025 | 50.0 |
|
|
| Better performance of human resources ・Human resources development ・Diversity |
Investment for human resources development (training costs) (NOF) |
Over 2.5-fold compared with FY2022 |
2025 | 2.2-fold |
|
| Rate of hiring of female new graduates recruited for career-track positions (NOF) |
30% or more | Every year | 38.0% |
|
|
| Ratio of female management-level employees (NOF) |
Over 3-fold compared to FY2021 |
2030 | 1.3-fold |
|
|
| Percentage of employees with disabilities (NOF) |
3.0% or more | 2030 | 2.65% end of March 2025 |
|
|
| Pay gap ratio between male and female full-time employees |
75% or more (NOF) |
2030 | 72.6% |
|
|
| Rate of male employees utilizing childcare leave (NOF) |
100% | 2030 | 95.7% |
|
|
| Rate of hiring of mid-career workers for executive and career-track positions (NOF) |
25% or more | Every year | 47.4% |
|
|
| Promotion of CSR-based procurement |
Coverage rate of CSR questionnaire (based on value of purchases) (NOF) |
85% or more | 2025 | 92% cumulative total over 2025 plan |
|
| Improvement requests via interviews to target suppliers in order to firmly establish CSR-based procurement (based on number of companies) (NOF) |
85% or more | 2025 | 96% cumulative total over 2025 plan |
|
|
| Resilience enhancement |
BCP education and training hours (NOF Group) |
Total of 4,000 hours or more |
Every year | Total of 7,000 hours or more |
|
Goals（FY2025）
| Materiality | Goals (KPIs) | FY2025 | ||
|---|---|---|---|---|
| Numerical targets | Target year |
Details of major initiatives | ||
| Create a comfortable workplace ・Employee engagement |
Utilization rate of annual paid leave | 75% or more (NOF) (5 domestic consolidated companies) |
2025 |
|
| Overall employee engagement score (NOF) |
50.0 or more | 2025 |
|
|
| Better performance of human resources ・Human resources development ・Diversity |
Investment for human resources development (training costs) (NOF) |
Over 2.5-fold compared with FY2022 |
2025 |
|
| Rate of hiring of female new graduates recruited for career-track positions (NOF) |
30% or more | Every year |
|
|
| Ratio of female management-level employees (NOF) |
Over 3-fold compared to FY2021 |
2030 |
|
|
| Percentage of employees with disabilities (NOF) |
3.0% or more | 2030 |
|
|
| Pay gap ratio between male and female full-time employees |
75% or more (NOF) (5 domestic consolidated companies) |
2030 |
|
|
| Rate of male employees utilizing childcare leave (NOF) |
100% | 2030 |
|
|
| Rate of hiring of mid-career workers for executive and career-track positions (NOF) |
ー | ー | ー | |
| Promotion of CSR-based procurement |
Coverage rate of CSR questionnaire (based on value of purchases) (NOF) |
85% or more | 2025 |
|
| Improvement requests via interviews to target suppliers in order to firmly establish CSR-based procurement (based on number of companies) (NOF) |
85% or more | 2025 |
|
|
| Resilience enhancement | BCP education and training hours (NOF Group) |
Total of 4,000 hours or more |
Every year |
|
Promote Responsible Care activities
Results（FY2024）
| Materiality | Goals (KPIs) | FY2024 | |||
|---|---|---|---|---|---|
| Numerical targets | Target year |
Results | Details of major initiatives | ||
| Response to climate change | CO₂ emissions (Domestic Group) |
40% reduction |
2030 | 132,900 tons/year 25.3% reduction compared with FY2013 |
|
| Carbon neutrality (NOF group) |
Aim for achievement | 2050 | |||
| Chemical safety | Emissions of substances subject to PRTR Act after revision in FY2021 (Domestic Group) |
under 170 tons/year |
Every year |
135 tons/year |
|
| Promote occupational safety and health | Number of lost workday-involving accidents (Domestic Group) |
0 | Every year |
5 accidents occurred |
Through the participation of all personnel and risk anticipation
|
Goals（FY2025）
| Materiality | Goals (KPIs) | FY2025 | ||
|---|---|---|---|---|
| Numerical targets | Target year |
Details of major initiatives | ||
| Response to climate change | CO₂ emissions (Domestic Group) |
40% reduction compared with FY2013 |
2030 |
|
| Carbon neutrality (NOF group) |
Aim for achievement | 2050 | ||
| Chemical safety | Emissions of substances subject to PRTR Act after revision in FY2021 (Domestic Group) |
under 170 tons/year |
Every year |
|
| Promote occupational safety and health | Number of lost workday-involving accidents (Domestic Group) |
0 | Every year |
Through the participation of all personnel and risk anticipation
|
