Society

Labor-Management Relations

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NOF has concluded a union-shop agreement with the NOF Labor Union. All the employees who fall within the scope of union membership under the agreement belong to the union. Of all employees, 70.8% belong to the labor union (as of March 31, 2026, including seconded employees).

Collective bargaining agreements

The collective bargaining agreement concluded with the NOF Labor Union stipulates that labor and management representatives must consult in advance when implementing management measures affecting union members’ employment or reviewing working conditions due to business restructuring or other reasons. The agreement also stipulates matters related to collective bargaining and labor-management councils, wage revisions and bonuses (lump-sum payments), human resources, and health and safety maintenance. Under the union-shop agreement, we strive to build a labor-management relationship based on mutual trust. For example, if large-scale workforce adjustments become unavoidable, we will hold advance consultations with the labor union in accordance with the collective bargaining agreement. The collective bargaining agreement also sets procedures for collective bargaining and labor-management council meetings for such consultations, including written notice and mutual agreement on the date, time, and location. Requests for advance consultation are made with sufficient time allowed for discussion. When dismissing an employee, we provide at least 30 days’ advance notice in accordance with laws and regulations, except where the Labor Standards Inspection Office has approved an exemption from dismissal notice. If notice is not provided at least 30 days in advance, dismissal notice allowance is paid.

Major labor-management councils [Covered organizations：NOF]

　

Council Frequency
Central Labor-Management Council The council holds meetings twice a year, which are attended by members of the collective bargaining committee chaired by the President, and members of the NOF Labor Union’s Central Executive Committee. The attendees share their perceptions of business performance and deliberate on management issues.
Central Labor-Management Safety Council The council holds meetings four times a year to share perceptions of the status of occupational safety and to exchange opinions on ensuring and improving occupational safety (two of the meetings per year are attended by collective bargaining committee members and members of the NOF Labor Union’s Central Executive Committee, while the remaining two meetings are attended by the Company’s occupational safety personnel, the General Manager of the Human Resources & General Affairs Department, labor relations personnel, and members of the NOF Labor Union’s Central Executive Committee).
Council Between Human Resources & General Affairs Department and
Central Executive Committee		 The council holds meetings 10 times a year, attended by the General Manager of the Human Resources & General Affairs Department, labor relations personnel, and members of the NOF Labor Union’s Central Executive Committee. The attendees share their perceptions of business performance and deliberate various company-wide labor-management issues, including the issue of enhancing employees’ work-life balance.
Business Division Labor-Management Council The council holds meetings twice a year, attended by business division general managers and other division executives, as well as members of the NOF Labor Union’s business division-related branch committee. The attendees share their perceptions of business performance and deliberate on management measures.
Labor-Management Councils
at each business site		 In principle, the councils hold meetings every month, attended by the Regional Manager, human resources personnel, and NOF Labor Union branch committee members, to share recognition concerning issues and performance related to labor, health maintenance, safety, etc. at each site, and discuss labor-management issues, including the issue of enhancing employees’ work-life balance.