Embedding compliance awareness across the Group and strengthening risk management
First written in FY2016. 11 of 23 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-10.
The whole theme swung hardest in 2025: 8 of 75 companies on the "Worse" side.
50 other companies' latest entry also says "Advanced".
- FY2026ReframedAnnual report
「The ESG Committee changed its name to the Sustainability Committee on 6 March 2026.」
The former ESG Committee was renamed the Sustainability Committee, and the framework was reorganized into a company-wide sustainability and risk management framework, including reviews of risks, materiality areas and KPIs. - FY2025AdvancedAnnual report
「As shown in the risk management framework diagram, the Group has established a risk management framework consisting of 3 lines.」
For risk management, the Company specified a three-lines model comprising the responsible departments and Group companies as the first line, the Risk Management Subcommittee and ESG Committee as the second line, and the Internal Audit Office as the third line. - FY2024-Q3AdvancedAnnual report
「On 3 October 2023, we announced the “Notice Regarding Misconduct by an Employee of a Consolidated Subsidiary.” The company’s internal investigation committee, chaired by an external attorney, investigated the facts surrounding the misconduct, and on 21 December of the same year received the committee’s final investigation report, including recommendations for measures to prevent recurrence. Going forward, we will take the occurrence of this misconduct seriously and implement measures to prevent recurrence.」
Following the establishment of the Investigation Committee and commencement of its investigation disclosed in the previous quarter, the Company received the final investigation report and presented its policy for implementing measures to prevent recurrence. - FY2024-Q2AdvancedAnnual report
「An internal Investigation Committee chaired by an external attorney was established on 5 September 2023, its investigation was conducted, and an interim report was received dated 10 November 2023.」
In response to misconduct by an employee of a consolidated subsidiary, the Company established an Investigation Committee chaired by an external attorney, conducted the investigation and received an interim report. - FY2023AdvancedAnnual report
「The ESG Committee meets twice a year to formulate basic policies and specific action plans for ESG activities, including responses to climate change, review activity results, and deliberate on initiatives.」
The framework responsible for compliance, internal controls and risk management was translated into operations involving twice-yearly deliberations by the ESG Committee, reviews of activity results, reporting to the Board of Directors, and communication to business divisions and Group companies. - FY2021AdvancedAnnual report
「With respect to compliance, internal controls and risk management, the ESG Committee formulates and implements a group-wide action plan, while the Audit and Supervisory Committee members and the Internal Audit Office conduct audits in accordance with their respective audit regulations, thereby strengthening the effectiveness of the internal control system. The Company is also working to develop and enhance its control environment by strengthening its whistleblowing system and implementing matters resolved by the Board of Directors concerning the establishment of an internal control system under the Companies Act and other applicable laws.」
The Company disclosed the operation of its control framework, including the ESG Committee's group-wide action plan, audits by the Audit and Supervisory Committee members and the Internal Audit Office, and the strengthening of its whistleblowing system, replacing the previous response led by the CSR Committee and other bodies. - FY2020-Q3RestatedAnnual report
「By thoroughly implementing recurrence-prevention initiatives, the company will work to restore trust and become a sustainably growing company capable of meeting the expectations of its customers and society.」
The Company expressed its continued commitment to preventing recurrence and restoring trust, but added no new specific measures. - FY2019AdvancedAnnual report
「With respect to compliance, internal controls, and risk management, the CSR Committee formulates and implements company-wide action plans, while the Audit & Supervisory Committee members and the Internal Audit Office conduct audits in accordance with their respective audit regulations to strengthen the effectiveness of the internal control system.」
For compliance, internal controls and risk management, the Company specified a group-wide action plan led by the CSR Committee, together with an audit framework involving the Audit and Supervisory Committee members and the Internal Audit Office. - FY2018-Q3RestatedAnnual report
「These causes resulted from inadequate compliance and internal controls. We sincerely regret this and are working on measures to prevent recurrence with the aim of becoming a “new Toa Corporation that earns customers’ trust through technology and quality.”」
The Company identified inadequate compliance and internal controls as the cause and reiterated its commitment to continuing to implement measures to prevent recurrence. - FY2018-Q2RestatedAnnual report
「These causes resulted from inadequate compliance and internal controls. We sincerely regret this and are working on measures to prevent recurrence with the aim of becoming a “new Toa Corporation that earns customers’ trust through technology and quality.”」
The Company explicitly identified inadequate compliance and internal controls as the cause and reiterated its commitment to continuing to implement measures to prevent recurrence. - FY2018-Q1RestatedAnnual report
「The causes of these misconduct incidents were inadequate compliance and internal controls. We sincerely reflect on what occurred and will steadily implement measures to prevent recurrence, with the aim of becoming a “new Toa Corporation that earns customers’ trust through technology and quality.”」
The Company explicitly identified inadequate compliance and internal controls as the cause and reiterated its commitment to continuing measures to prevent recurrence. No specific new measures were added. - FY2017ReframedAnnual report
「We will continue to work diligently on measures to prevent recurrence and commit to improvement: building systems that “prevent misconduct” and transforming our culture into one that “does not engage in misconduct”: building a “do-not-do” culture」
Efforts to embed compliance awareness and strengthen risk management were organized under two frameworks, “systems that prevent misconduct” and a “do-not-do culture,” and positioned as changes under the medium-term management plan. - FY2017-Q3RestatedAnnual report
「Increasing the number of projects covered by TFT activities from 20 to 30 annually」
The number of projects covered by TFT activities and specific measures to strengthen management included in the plan to implement measures to prevent recurrence were described, as in the previous disclosure. - FY2017-Q2AdvancedAnnual report
「Increasing the number of projects covered by TFT activities from 20 to 30 annually」
Under the plan to implement measures to prevent recurrence, specific initiatives were established, including a new review team for new construction methods and technologies, greater worksite visibility using web cameras and other tools, 6 specialist subcommittees, information sharing between branches and worksites, compliance training, a whistleblowing system including external attorneys, CSR internal audits, and reviews of authority regulations, personnel systems and the construction cost management system. The number of projects covered by TFT activities will increase from 20 to 30 annually. - FY2017-Q1AdvancedAnnual report
「The overview of the measures to prevent recurrence compiled by the Investigation Committee is as follows: ・Strengthening reviews of development technologies ・Improving visibility at worksites ・Sharing information from worksites ・Strengthening the Company's TFT activities (Task Force Team: a special team formed at head office across technical departments to address specific issues) ・Reforming directors' awareness and enforcing compliance ・Rebuilding the internal control system ・Revising regulations governing authority and other policies and systems」
Specific measures to prevent recurrence were listed for strengthening technology reviews, sharing worksite information, TFT activities, directors' awareness, internal controls and relevant policies and systems, and implementation is progressing. - FY2016First statedAnnual report
「Embed throughout the Group a mindset that places compliance first in conducting corporate activities.」
As part of its response following the misconduct, the Company set out measures to embed awareness among all employees and enhance and strengthen its risk management framework.