Preventing Recurrence of Violations and Strengthening Compliance in Response to an Antitrust Issue
First written in FY2016. 21 of 26 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「・Full implementation of measures to prevent recurrence of violations of the Antimonopoly Act, and thorough compliance with other laws and regulations」
The company continues to treat the full implementation of measures to prevent recurrence of violations of the Antimonopoly Act and thorough compliance with laws and regulations, as set out in its 2024-2026 medium-term management plan, as key initiatives. - FY2024RaisedAnnual report
「(Restoring the confidence and trust of stakeholders) ・Full implementation of measures to prevent recurrence of violations of the Antimonopoly Act, and thorough compliance with other laws and regulations」
In the 2024-2026 medium-term management plan, the wording was strengthened from implementing the previous recurrence-prevention measures to their "full implementation," and compliance with other laws and regulations was also explicitly stated. - FY2023-Q3RestatedAnnual report
「The company deeply regrets that its claims were not accepted in this litigation. At the same time, without allowing the fact that such violations occurred to fade from memory, the entire company will continue working to ensure the reliable implementation of measures to prevent recurrence, promote compliance-based management, and eliminate illegal conduct thoroughly.」
Even after its claims were not accepted by the Supreme Court, the company states that it will not allow the violations to fade from memory and will continue reliably implementing measures to prevent recurrence and promoting compliance-based management. - FY2023-Q2RestatedAnnual report
「The company will continue explaining its position and seeking a fair judgment. At the same time, without allowing the fact that such violations occurred to fade from memory, the entire company will continue working to ensure the reliable implementation of measures to prevent recurrence, promote compliance-based management, and eliminate illegal conduct thoroughly.」
Alongside its appeal to the Supreme Court and other actions, the company continues to state that it will reliably implement measures to prevent recurrence, promote compliance-based management, and eliminate illegal conduct thoroughly. - FY2023-Q1RestatedAnnual report
「The company will continue explaining its position and seeking a fair judgment. At the same time, without allowing the fact that such violations occurred to fade from memory, the entire company will continue working to ensure the reliable implementation of measures to prevent recurrence, promote compliance-based management, and eliminate illegal conduct thoroughly.」
While pursuing further appeals and other actions in the Antimonopoly Act-related litigation, the company states that it will not allow the violations to fade from memory and will continue reliably implementing measures to prevent recurrence and promoting compliance-based management. - FY2022RestatedAnnual report
「Since the discovery of these violations, the company has been working to ensure the reliable implementation of measures to prevent recurrence and to eliminate illegal conduct thoroughly. Going forward, it will continue promoting compliance-based management across the entire company without allowing the fact that such violations occurred to fade from memory.」
The company states that it will not allow the violations of the Antimonopoly Act to fade from memory and will continue reliably implementing measures to prevent recurrence and promoting compliance-based management. - FY2022-Q3RestatedAnnual report
「The company will explain its position and continue seeking a fair judgment in the appeal proceedings. At the same time, without allowing the fact that such violations occurred to fade from memory, the entire company will continue working to ensure the reliable implementation of measures to prevent recurrence, promote compliance-based management, and eliminate illegal conduct thoroughly.」
Alongside continuing its arguments in the appeal proceedings, the company continues to state that it will reliably implement measures to prevent recurrence, promote compliance-based management, and eliminate illegal conduct thoroughly. - FY2022-Q2RestatedAnnual report
「The company will explain its position and continue seeking a fair judgment in the appeal proceedings. At the same time, without allowing the fact that such violations occurred to fade from memory, the entire company will continue working to ensure the reliable implementation of measures to prevent recurrence, promote compliance-based management, and eliminate illegal conduct thoroughly.」
Alongside continuing its arguments in the appeal proceedings, the company continues to state that it will reliably implement measures to prevent recurrence, promote compliance-based management, and eliminate illegal conduct thoroughly. - FY2020AdvancedAnnual report
「The company takes the fact that these violations occurred very seriously and, based on the report and recommendations of the investigation committee established in August 2019 and composed of external experts, is developing and implementing more effective measures to prevent recurrence. The entire company will continue working to eliminate illegal conduct thoroughly, prevent recurrence of the violations, promote compliance-based management, and restore trust at an early date.」
Following the report and recommendations of the investigation committee of external experts, the company moved to the stage of developing and implementing measures to prevent recurrence. - FY2020-Q3RestatedAnnual report
「The company takes these orders very seriously and has established an investigation committee, including external experts with no interests in the company, to conduct an objective review and examination of the facts and causes relating to this matter and measures to prevent recurrence. The entire company is undertaking various initiatives to prevent recurrence of violations of the Antimonopoly Act.」
The investigation committee, including external experts, continues to verify the facts, identify the causes, and evaluate and examine measures to prevent recurrence. - FY2020-Q2AdvancedAnnual report
「The company takes these orders very seriously and has established an investigation committee, including external experts with no interests in the company, to conduct an objective review and examination of the facts and causes relating to this matter and measures to prevent recurrence. The entire company is undertaking various initiatives to prevent recurrence of violations of the Antimonopoly Act.」
Following receipt of the cease-and-desist order and surcharge payment order, the company moved to the stage of establishing an investigation committee, including external experts, to verify the facts, identify the causes, and evaluate and examine measures to prevent recurrence. - FY2020-Q1Toward strengthening legal compliance following receipt of the ordersAnnual report
「On 28 February 2017, the company was subject to an on-site inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act in connection with the setting of the selling prices of asphalt mixtures sold nationwide. The company subsequently fully cooperated with the Commission's investigation, but on 30 July 2019 received from the Commission a cease-and-desist order and a surcharge payment order under the Antimonopoly Act. The company takes these orders very seriously, and all officers and employees will continue working to ensure even stricter compliance with laws and regulations and to restore trust at an early date.」
The description of the company's response has changed from cooperation with the Japan Fair Trade Commission's investigation to stricter legal compliance and restoring trust following receipt of the cease-and-desist order and surcharge payment order. - FY2019RestatedAnnual report
「The Company takes these facts extremely seriously and will continue to fully cooperate with the Japan Fair Trade Commission’s ongoing investigation. The entire Company will work to prevent any recurrence of violations and promote compliance-based management as part of efforts to completely eliminate unlawful conduct, while striving to restore trust at an early date.」
The company continues to state that it will fully cooperate with the Japan Fair Trade Commission's investigation, prevent recurrence of the violations, promote compliance-based management, and restore trust at an early date. - FY2019-Q3RestatedAnnual report
「The Company takes these facts extremely seriously and will continue to fully cooperate with the Japan Fair Trade Commission’s ongoing investigation. The entire Company will work to prevent any recurrence of violations and promote compliance-based management as part of efforts to completely eliminate unlawful conduct, while striving to restore trust at an early date.」
The company continues to state that it will fully cooperate with the Japan Fair Trade Commission's investigation, prevent recurrence of the violations, promote compliance-based management, and restore trust at an early date. - FY2019-Q2RestatedAnnual report
「The Company takes these facts extremely seriously and will continue to fully cooperate with the Japan Fair Trade Commission’s ongoing investigation. The entire Company will work to prevent any recurrence of violations and promote compliance-based management as part of efforts to completely eliminate unlawful conduct, while striving to restore trust at an early date.」
The Company continues to express its commitment to fully cooperating with the Japan Fair Trade Commission’s investigation, preventing any recurrence of violations, promoting compliance-based management and restoring trust at an early date. - FY2019-Q1RestatedAnnual report
「The Company takes these facts extremely seriously and will continue to fully cooperate with the Japan Fair Trade Commission’s ongoing investigation. The entire Company will work to prevent any recurrence of violations and promote compliance-based management as part of efforts to completely eliminate unlawful conduct, while striving to restore trust at an early date.」
The Company continues to express its commitment to fully cooperating with the Japan Fair Trade Commission’s investigation, preventing any recurrence of violations, promoting compliance-based management and restoring trust at an early date. - FY2018-Q3RestatedAnnual report
「The Company takes these facts extremely seriously and will continue to fully cooperate with the investigation, while all officers and employees work to ensure even stricter compliance with laws and regulations and strive to restore trust at an early date.」
The Company continues to uphold full cooperation with the investigation related to the Antimonopoly Act, strict compliance with laws and regulations and the early restoration of trust. - FY2018-Q2RestatedAnnual report
「The Company takes these facts extremely seriously and will continue to fully cooperate with the investigation, while all officers and employees work to ensure even stricter compliance with laws and regulations and strive to restore trust at an early date.」
The Company continues to uphold full cooperation with the investigation related to the Antimonopoly Act, strict compliance with laws and regulations and the early restoration of trust. - FY2018-Q1RestatedAnnual report
「The Company will sincerely fulfill its responsibilities as “a company that creates the foundations of daily life and contributes to the development of prosperous local communities” by further strengthening its efforts to ensure safety and quality, protect the environment and maintain compliance, thereby meeting the trust placed in it by society and working to sustainably enhance corporate value.」
The Company reiterates its policy of further strengthening its compliance initiatives. - FY2017RestatedAnnual report
「The Company takes these facts extremely seriously and will continue to fully cooperate with the ongoing investigation, while promoting further strengthening of the compliance framework, as well as preventing any recurrence of violations, as part of efforts to completely eliminate unlawful conduct, and striving to restore trust at an early date.」
The Company continues to express its commitment to fully cooperating with the investigation related to the Antimonopoly Act, preventing any recurrence of violations, strengthening the compliance framework and restoring trust. - FY2017-Q3RestatedAnnual report
「The Company takes this situation extremely seriously and will continue to fully cooperate with the ongoing investigation. At the same time, all officers and employees will work together to prevent any recurrence of violations and further strengthen the compliance framework as part of efforts to completely eliminate unlawful conduct, while striving to restore the trust of stakeholders.」
The Company continues to uphold full cooperation with the ongoing investigation, prevention of recurrence of violations, strengthening of the compliance framework and restoration of trust. - FY2017-Q2RestatedAnnual report
「The Company takes this situation extremely seriously and will continue to fully cooperate with the ongoing investigation. At the same time, all officers and employees will work together to prevent any recurrence of violations and further strengthen the compliance framework as part of efforts to completely eliminate unlawful conduct, while striving to restore the trust of stakeholders.」
The Company continues to uphold full cooperation with the ongoing investigation, prevention of recurrence of violations, strengthening of the compliance framework and restoration of trust. - FY2017-Q1RestatedAnnual report
「The Company takes this situation extremely seriously and will continue to fully cooperate with the investigation, while all officers and employees work to ensure even stricter compliance with laws and regulations.」
The Company continues to cooperate with the investigation into the antitrust issue and ensure compliance with laws and regulations. - FY2016First statedAnnual report
「The Company takes this situation extremely seriously. The Board of Directors has once again adopted a resolution for the complete elimination of unlawful conduct, and the Company is implementing various measures to ensure compliance with laws and regulations. Going forward, the entire Company will continue working to prevent any recurrence of violations and further strengthen its compliance framework, while striving to restore trust.」
The statement covers a Board of Directors resolution, measures to ensure compliance with laws and regulations, prevention of recurrence, strengthening of the compliance framework and restoration of trust.