Nishimura & Asahi Law Office and FRONTEO Hold "Economic Security Initiative"

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2022.02.02 Press release

--To the press -

Nishimura & Asahi Law Office and FRONTEO Hold "Economic Security Initiative"

84% of business people who responded to the questionnaire recognized economic security as "an issue that should be tackled right now"

FRONTEO Inc.
Masahiro Morimoto, President and CEO
2-12-23 Konan, Minato-ku, Tokyo
(Code number: 2158 TSE Mothers)

Nishimura & Asahi Law Office (Location: Chiyoda-ku, Tokyo) and FRONTEO Inc. (Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, hereinafter FRONTEO) have a deep knowledge of economic security on January 1. Inviting a lecturer, we held a lecture "Economic Security Initiative" on the theme of economic security solutions utilizing the outline of the legal system, due diligence, and AI.

(From left) Nishimura & Asahi Law Office of Counsel Jie Ono, Liberal Democratic Party Member of the House of Representatives Akira Amari, FRONTEO President / CEO Masahiro Morimoto, Director / AI Solution Business Management and President's Office Mari Yamamoto

 

This lecture is intended for directors and executive officers of Japanese companies operating globally, as well as executives of the legal affairs, compliance department, procurement department, materials department, and purchasing department related to economic security. is.In addition to presenting risk measures that Japanese companies should be aware of regarding economic security in the laws and regulations of the United States and China, we position corporate economic security measures as an opportunity for new growth strategies and explain strategic efforts.・ The purpose is to raise.

 

Realization of "security" by "economy", such as the establishment of departments bearing the word "economic security" in various companies and ministries and agencies in response to the intensifying global situation such as the battle for technological hegemony between the United States and China in recent years. The movement to aim for is spreading.

 

Reflecting this situation, the lecture received numerous inquiries from business people in various fields immediately after the announcement of the event, and about 800 people registered for participation.Of these, about half were listed companies with annual sales of 1,000 billion yen, and about XNUMX% were related to departments such as legal affairs and trade management related to corporate security issues.

In addition, in the questionnaire collected after the event, 84% of the respondents answered that they "recognize that it is a problem that should be tackled right now" * 1 for the economic security problem, and the interest of business people in this problem. The result confirms the rise of.

On the other hand, more than half of the respondents * 2 have not yet decided when to tackle economic security measures, and it seems that many companies are interested in this issue but have not yet made concrete efforts. It was an answer.

 

* 1 "We are considering countermeasures for problems that should be tackled right now" (25.26%), "Problems that should be tackled right now, but we are currently collecting information" (38.95%) "Already aware of the problems , Taking measures ”(20.00%)

* 2 Regarding economic security efforts, 51.58% answered "Undecided", 3% started within 17.89 months, 6% within 3.16 months, and 3.16% after XNUMX year.

 

In the opening speech, Attorney Masaru Ono of Nishimura & Asahi Law Office of Counsel gave a positive opportunity for economic security to reform previous corporate governance, review the global value chain, and rebuild business and supply chains. Pointed out that it can also be.He emphasized that it is necessary to take a proactive shift to aggressive management by strategically grasping the movements of each country and the situation of the company, rather than considering the problem as a mere regulation or risk.

 

Following this, Akira Amari, a member of the Liberal Democratic Party, who was invited as a special guest, gave a keynote speech, stating that the construction of economic security would determine the fate of the country. It can be a weapon of the Liberal Democratic Party and sometimes destroy the country and the company. From the opposite point of view, if it is well equipped, it will protect the company and deter the country. " He emphasized the importance of working together on this issue.

 

Akira Amari, member of the House of Representatives giving a keynote speech

 

 

In Session XNUMX, Kazuho Nakajima, a partner of Nishimura & Asahi Law Office, explained economic security-related regulations in the United States and China, as well as risks and countermeasures that Japanese companies should be aware of.

 

In Session XNUMX, the partner, Masahiro Heike, discussed trends in economic security-related regulations and points to keep in mind when conducting supply chain risk surveys, which are becoming more necessary in light of these trends. ..

 

In Session XNUMX, Mari Yamamoto, a director from FRONTEO who is in charge of the AI ​​solution business and general manager of the president's office, will take the stage to demonstrate the use of AI such as supply chain network and shareholder-controlled network analysis as examples of using AI for economic security. I explained that it is possible to visualize the situation surrounding a company and support the formulation of an optimal management strategy by introducing actual examples.

 

In the closing speech, Masahiro Morimoto, President and Chief Executive Officer of FRONTEO, said, "High-tech solutions are indispensable for analyzing huge and complex networks such as substantial shareholder control and supply chains. Extensive information gathering and We would like to contribute to solving this problem by providing advanced information analysis as a package. "

Closing speech by Morimoto

 

FRONTEO has been holding study sessions inviting experts every month since April 21, and following this initiative, FRONTEO will continue to provide information to corporate personnel regarding strategic initiatives for economic security measures. We plan to continue to provide, make recommendations, and provide explanations.

In addition, by expanding the functions of the network analysis system "Seizu Analysis" equipped with AI "Looca Cross", we support the discovery of information that companies want to know in a short period of time and the decision-making for strategic planning related to economic security. I will come.

 

Click here for more information on FRONTEO's economic security solutions.https://osint.fronteo.com/

 

■ About Nishimura & Asahi Law Office https://www.nishimura.com

Nishimura & Asahi is Japan's largest international law firm that provides one-stop services of the highest level of legal services in close cooperation with more than 18 domestic and foreign lawyers at 700 bases around the world.

Nishimura & Asahi has a basic mission of realizing a prosperous and just society based on the rule of law, and promises "Leading You Forward" to all concerned parties, and develops clients and society. Will contribute to.

 

FRONTEOabout URL: https://www.fronteo.com/

FRONTEO uses the in-house developed AI engine "KIBIT", "conceptencoder", and "Looca Cross" specializing in natural language processing to extract meaningful and important information from a huge amount of text data, and is used by companies. A data analysis company that supports business. Since its establishment in August 2003, it has been expanding globally to Japan, the United States, South Korea, and Taiwan, with a focus on legal tech businesses such as "e-discovery (electronic discovery)" and "digital forensic investigation" that support corporate international litigation. Has been deployed.Based on the AI ​​technology cultivated in the legal tech business, we expanded the business field to the life science field, business intelligence field, and OSINT from 8, and created by using AI to "turn text data into knowledge". We contribute to solving various corporate issues such as drug support, dementia diagnosis support, financial, personnel, and sales support. Listed on TSE Mothers on June 2014, 2007. January 6, 26 Obtained a first-class medical device manufacturing and sales license (permit number: 2021B1X13).The capital is 13 thousand yen (as of March 1, 10350).

 

* FRONTEO, KIBIT, and concept encoder are registered trademarks of FRONTEO in Japan.