IDEC Corporation has enacted the Regulations for Legal Compliance pertaining to Authorized Export Affairs and established a logistics management setup aimed at achieving compliance with the Customs Act and related legislation. As a result, we obtained approval by Osaka Customs as an "Authorized Exporter*1" based on the Authorized Exporters' Program on April 27, 2009 and received the letter of notification of authorization on May 12, 2009.
Looking forward, in addition to physical distribution management as an Authorized Exporter, we will seek to further strengthen compliance and improve the quality of security trade control in tandem with our overseas Group companies. Through these actions, we will enhance the credibility of the IDEC Group in international transactions.
*1 An enterprise that has been authorized as an exporter outstanding in the area of compliance in the Authorized Exporters' Program that was introduced by the Government of Japan with the goal of speeding up procedures in step with the growing sophistication of international physical distribution. Through receiving designation as an Authorized Exporter, merits can be anticipated in terms of speeding-up export affairs and so on.