Risk of Ineffective Internal Controls Covering Subsidiaries and Affiliates
First written in FY2025. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Internal Audit Department audits the propriety of operations at our company and its subsidiaries from an independent standpoint and audits the development and operating status of the internal control system, including internal controls over financial reporting. From fiscal 2025, to strengthen and standardize internal controls across the Group, the Audit Department of our company centrally conducts operational and accounting audits of all Group organizations and companies.」
As measures to address internal control risks, operates the Internal Control, Compliance, Business Risk, Information Security and Sustainability committees, and from fiscal 2025 centralized operational and accounting audits of the entire Group under the Audit Department. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes or new developments from the descriptions in the securities report for the previous fiscal year.」
States that there have been no significant changes or new developments regarding the risk of ineffective internal controls, including at subsidiaries and affiliated companies. - FY2025First statedAnnual report
「If internal controls do not function effectively, we may be unable to ensure the appropriateness of business operations, which could affect the Group's business results and corporate reputation.」
Failure of internal controls covering subsidiaries and affiliates is identified as a standalone key risk, with the Internal Control Committee, Compliance Committee, Business Risk Management Committee, and Information Security Committee cited as the response framework.