Group Management and Oversight Respecting Subsidiary Autonomy
First written in FY2016. 2 of 4 entries say "Advanced", first in FY2018. Latest entry: FY2026.
43 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company also requires its subsidiaries to establish three-year management plans (business plans), holds quarterly reporting meetings to exchange views on their progress and other matters, and requires its prior approval for certain material management matters.」
The frequency of progress reviews for the subsidiaries' business plans was increased from once semiannually to once quarterly. - FY2018AdvancedAnnual report
「During the current fiscal year, the Company held 2 reporting meetings to exchange views on the progress and other matters relating to action plans established by its subsidiaries, and required the subsidiaries to submit monthly reports as well as additional reports as necessary.」
The Company disclosed that it held 2 reporting meetings during the year on its subsidiaries' action plans and received monthly reports from them. - FY2017RestatedAnnual report
「In addition, subsidiaries are required to establish annual plans, or action plans, and a reporting meeting is held once every six months to exchange views on their progress and other matters. Certain important management matters also require the Company's prior approval.」
While respecting the autonomy of its subsidiaries, the Company continues to manage them through annual plans, semiannual reporting meetings, prior approvals and audits. - FY2016First statedAnnual report
「In addition, under the Regulations for the Management of Affiliated Companies, subsidiaries are required to obtain the Company's prior approval when undertaking certain important management matters. We have also established a framework for checking in advance the risk of losses at subsidiaries by requiring monthly reports on profit and loss and other matters.」
The framework combines prior approval, monthly reports, semiannual reporting meetings and audits of subsidiaries by the Audit Department.