Chapter 1 Purpose
The purpose of The Tax Global Policy (hereinafter referred to as“this Global Policy”) is to establish the basic policy concerning tax for the ONO Group, ensuring thorough tax compliance and achieving a high level of transparency in tax operations.
Chapter 2 Definitions of Terminologies
Article 1 The terms used in this Global Policy are defined below.
- “Employee(s)” means directors, officers, regular employees, contract employees, and other employees of the ONO Group, including temporary staff and fixed-term employees.
- “ONO Group” means Ono Pharmaceutical Co., Ltd. and each of Subsidiaries.
- “OPHQ” means a global headquarters function of Ono Pharmaceutical Co., Ltd.
- “Subsidiary(ies)” means an entity or entities in which Ono Pharmaceutical Co., Ltd. directly or indirectly holds a majority of voting rights (more than 50%) or otherwise exercises equivalent substantial control. Indirect ownership includes all entities in a continuous chain of control, such as subsidiaries and sub-subsidiaries.
Chapter 3 Scope
This Global Policy applies to each entity of ONO Group and Employees.
Chapter 4 Basic Principle
Article 1 Introduction
The ONO Group believes that complying with tax legislation and paying taxes properly in all countries and regions where it operates will contribute to the economic and social development of each country or region. Based on this belief, the ONO Group strictly adheres to the following tax compliance policies to ensure highly transparent tax management.
Article 2 Tax Compliance
The ONO Group complies with tax legislation of the countries and regions where it operates. Also, while fully understanding the intent behind the legislation, the ONO Group pays taxes properly in every applicable jurisdiction without abusing its tax systems.
Article 3 Tax Governance
ONO Pharmaceutical’s executive in charge of accounting is responsible for tax governance of the ONO Group.
Tax operations of the ONO Group are carried out by the responsible departments at Group companies, and the overall management of important tax operations relevant to the entire Group is undertaken by the department in charge of taxes at ONO Pharmaceutical.
The ONO Group seeks to maintain an appropriate internal control system and properly prepare and manage tax-related documents including tax returns by assigning employees with specialized tax knowledge to the departments in charge of taxes or by using external tax consultants.
The ONO Group also seeks to continue making appropriate tax payments by continually investing in the training and development of employees involved in tax operations.
Furthermore, the ONO Group has established the Tax Global Policy Supplement and tax-related guidelines to enhance the effectiveness of this Global Policy and to strengthen tax governance of the ONO Group.
Article 4 Transfer Pricing
In accordance with the OECD (Organization for Economic Co-operation and Development) Transfer Pricing Guidelines and the transfer pricing taxation system of each country, the ONO Group determines transfer prices by applying an appropriate transfer pricing method based on analysis of the functions, assets, and risks of each Group company. By doing so, the ONO Group seeks to pay the right amount of tax in all countries and regions in which it operates.
In countries and regions where transfer pricing documents are required to be submitted or furnished, the ONO Group fulfils the obligation to prepare such documents.
Furthermore, the ONO Group seeks to obtain tax certainty by using an advance pricing agreement (APA), where necessary.
Article 5 Commitment against Tax Evasion through Tax Havens
The ONO Group never engages in intentional tax evasion using tax havens (countries/regions with low or no taxes).
Article 6 Relationship with Tax Authorities
The ONO Group seeks to build and maintain a relationship with tax authorities of the countries and regions in which it operates by providing tax information, etc., to the relevant tax authorities in an appropriate manner in accordance with the applicable legislation.
In cases where conflicts with tax authorities of the countries/regions in which it operates, the ONO Group seeks to achieve speedy resolution of conflicts in cooperation with the relevant tax authorities.
Article 7 Tax Planning
The ONO Group carries out tax planning aimed at enhancing corporate value on a continuous basis, while maintaining full compliance with tax legislation and tax liability in countries and regions in which it operates, as well as working to avoid double taxation.
The ONO Group’s tax planning does not aim to evade taxes. The ONO Group carries out tax planning in alignment with its business objectives and in accordance with the applicable legislation. In addition, The ONO Group does not carry out tax planning and organize an artificial tax structure without business substance to take tax incentives or generate double non-taxation.
Supplementary Provisions
This Global Policy was approved by the Management meeting on September 26, 2018, and took effect on October 1, 2018.
Revision on April 1st, 2026