Yaskawa Group Code of Conduct stipulates that we will thoroughly comply with laws and regulations and our company rules, and conduct appropriate tax affairs. In order to put this into practice, we operate tax policy as follows.

Basic Policy

Yaskawa Group fully recognizes that a company is a member of society, and believes that it is essential to conduct business with integrity and fairness and to make trust relationship with society.
In tax affairs, we will properly pay taxes by thoroughly complying with tax laws, thereby contributing to the advancement of society and the well-being of humankind and enhancing corporate value. We will fully understand the laws and regulations of each country and region in which each group company conducts business and ensure thorough compliance.

Proper Tax Payment

Yaskawa Group strives to thoroughly comply with tax laws and regulations and to properly pay taxes. At the same time, we do not apply preferential tax treatment that deviates from the intent of the tax law, conduct deliberate tax avoidance activities, or conduct tax planning for the purpose of any other tax avoidance.

Transfer Pricing Taxation

International transactions of Yaskawa Group will be conducted at arm’s length prices in accordance with the “Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations” of OECD. We prepare appropriate transfer pricing documents in accordance with each country’s transfer pricing taxation system.

Relationship with Tax Authorities

Yaskawa Group will respond in good faith to tax administration procedures and the provision of information in tax examinations, and strive to build and maintain sound and favorable relationships with tax authorities.

Transparency

Yaskawa Group has determined that unifying accounting standards within the Group will contribute to improving the accuracy of Group management, and has voluntarily applied International Financial Reporting Standards (IFRS) which is the global standard for accounting standards. In accordance with IFRS and the Financial Instruments and Exchange Act, we prepare financial reports.
The financial reports are available for review on our website, and we have included the breakdown of deferred tax assets and liability for tax matters in this document in accordance with laws and regulations.