Takenaka Group Tax Policy

The Takenaka Group promotes “quality management” with each member keeping in mind our Corporate Philosophy that fundamentally forms the undercurrent of Takenaka Corporation, and we realize our Group CSR vision by pursuing our Corporate Code of Conduct as a behavioral guideline.
In order to achieve this vision, our Group, as a responsible corporate citizen, fulfills its social responsibility and public mission to properly pay taxes in accordance with tax-related laws in each jurisdiction and international rules. Under our Group message "Dreams into reality for a sustainable future," we act with high transparency and ethics, and contribute to sustainable development in each country and region where we operate.

Our Group strives to improve and enhance the "quality of overall corporate activities," as well as build and operate a corporate governance system, which is based on the concept of accumulating social value by earning the trust of customers and the public at large.
With regard to tax governance, a finance officer, who is responsible for establishing a structure that appropriately addresses tax-related affairs, builds and maintains a network that enables the sharing of tax-related reporting and control within the Company and the Group. This is done either directly or indirectly through the responsible function at the Head Office.
In addition, our Group reports tax-related matters to management as necessary, examines decision-making and changes in business environments in light of tax compliance, and duly conducts tax management by an executive team that provides instructions for maintaining and improving tax compliance.
We aim for appropriate daily operations by accurately complying with internal rules under administration of each function such as finance and accounting departments, and with support from external experts where necessary.
In addition, we educate and raise awareness among our employees so that they can perform their jobs in a precise manner, and we continuously cultivate tax experts and expand their numbers. We also maintain and improve tax compliance by consulting corporate and independent auditors, and liaising with an internal audit department concerning tax-related issues and prevention measures for noncompliance.

Our Group utilizes tax incentives in each jurisdiction when they are available in the normal course of business activities to achieve the most appropriate tax burden. We do not engage in any artificial or unethical behavior in order to wrongly avoid our tax burden or any conduct that may breach the legislative intent of international and domestic laws.
----We do not use tax havens.----

When tax law is unclear, there are multiple options of interpretation, or any uncertainty is foreseen, our Group minimizes tax risks by prior consultations with external professionals and tax authorities where necessary and as early as possible.

Our Group strives to maintain sound relationships with tax authorities through good faith and fact-based explanations. When any erroneous filing becomes apparent, we promptly rectify any errors and take appropriate measures.