Formulation and implementation of measures to prevent recurrence, led by the Business Reform Department

「Compliance Promotion Office」

「The Compliance Committee met 2 times during the fiscal year to ensure thorough legal compliance.」

「「コンプライアンス規程」に基づき、役員・部門長・子会社社長で構成されるコンプライアンス委員会及びコンプライアンス推進会議を定期的に開催し、年度活動計画や各部門・子会社の活動状況の報告、社外講師による講話などを行いました。また、コンプライアンスに関するｅラーニング受講、コンプライアンスチェックシートによるアンケート実施など、グループ全体でのコンプライアンス意識の醸成に努めるとともに、コンプライアンス相談窓口の利用方法・相談者の保護について周知を図りました。」

「The Compliance Committee met 2 times during the fiscal year to ensure thorough legal compliance.」

「The Board of Directors, Management Committee, and Board of Corporate Auditors met at the frequency described in ②(b) above. The Compliance Committee met 2 times during the fiscal year to ensure thorough legal compliance. In March 2021, we updated the TAKADA Group Code of Conduct and worked to further foster compliance awareness throughout the group.」

「Based on a resolution of the Board of Directors meeting held on 30 July 2019, the Governance Committee was abolished effective 31 July of the same year.」

「To actively promote compliance-based management, we have established a Compliance Committee chaired by the president and composed of officers and department heads. We have also established a Compliance Promotion Office reporting directly to the president to plan and formulate matters for the committee to undertake and promote, and to handle secretariat functions.」

「During the consolidated fiscal year, we made it our top priority to enhance corporate value while thoroughly embedding and operating the measures formulated in the previous consolidated fiscal year to prevent the recurrence of inappropriate accounting practices and transactions.」

「Under these circumstances, the Group is working with the improvement of corporate value as its top priority by thoroughly embedding and operating measures to prevent recurrence of the inappropriate accounting treatment and transactions identified in the previous consolidated fiscal year.」

「Under these circumstances, the Group is working with the improvement of corporate value as its top priority by thoroughly embedding and operating measures to prevent recurrence of the inappropriate accounting treatment and transactions identified in the previous consolidated fiscal year.」

「We are making the enhancement of corporate value our top priority by thoroughly embedding and operating the measures formulated to prevent the recurrence of inappropriate accounting practices and transactions identified in the previous consolidated fiscal year.」

「Based on the policy for formulating these measures to prevent recurrence, namely “rebuilding management and control functions at a company-wide level across departments,” “transitioning to a company structure based on fundamental principles in accordance with laws and regulations,” and “implementing and embedding business reform initiatives with an awareness of objective third-party perspectives,” we are working as one to achieve structural reform and legal compliance and are fully committed to our business so that such misconduct never occurs again.」

「Measures to prevent recurrence comprise the following 3重点項目: “rebuilding corporate governance functions,” “initiatives to foster compliance awareness,” and “rebuilding highly transparent business processes.” We implemented each initiative based on these重点項目. In light of the status of the rebuilding undertaken to embed the measures by the end of December 2016, we began operating them, including monitoring, in January 2017.」

「The policy for formulating measures to prevent recurrence consists of “rebuilding management and control functions at a company-wide level across departments,” “transitioning to a company structure based on fundamental principles in accordance with laws and regulations,” and “implementing and embedding business reform initiatives with an awareness of objective third-party perspectives.” Measures to prevent recurrence comprise the following 3重点項目: “rebuilding corporate governance functions,” “initiatives to foster compliance awareness,” and “rebuilding highly transparent business processes.” By reliably implementing each initiative based on these重点項目, we will work to rebuild internal controls so that the measures become firmly established.」

「Under these circumstances, our group will make the promotion of specific measures to prevent recurrence our top priority in working to restore corporate value.」

「In response, on 9 July 2016, our group established the Business Reform Department as an organisation for formulating and implementing highly effective measures to prevent recurrence. We will take seriously the recommendations of the Independent Committee regarding measures to prevent recurrence, based on the facts identified and the analysis of their causes, and will formulate and implement specific measures led by the Business Reform Department.」