Strengthening Internal Control Operations and the Risk Management Framework
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2022. Latest entry: 2026-08-27.
35 other companies' latest entry also says "Advanced".
- 2026-08-27AdvancedGovernance
「Based on the results of this analysis and evaluation, the Board of Directors will work to increase the diversity of its members and deepen discussions that contribute to medium- and long-term strategies and the enhancement of corporate value. The Board will also continue initiatives such as training tailored to directors' needs and strive to further improve its effectiveness.」
The company conducted an evaluation of the Board of Directors' effectiveness and identified member diversity, deeper discussions and director training as future initiatives. - FY2025RestatedAnnual report
「Our internal audit function includes an Internal Audit Office with 3 members reporting directly to the Representative Director and President. Based on the annual audit plan, it primarily conducts operational audits covering compliance, the appropriateness of order amounts and execution budgets, and ordering and payment operations. The results are reported to the Representative Director and President and the Board of Directors. For audited divisions, the office identifies areas for improvement, requests reports on the measures taken and the status of improvements, and conducts follow-up audits as necessary.」
The company continues to operate with 3 members in the Internal Audit Office, an annual audit plan, reporting to the Board of Directors, follow-up on improvements and re-audits as necessary. - FY2024AdvancedAnnual report
「Our internal audit function includes an Internal Audit Office with 3 members reporting directly to the Representative Director and President. Based on the annual audit plan, it primarily conducts operational audits covering compliance, the appropriateness of order amounts and execution budgets, and ordering and payment operations. The results are reported to the Representative Director and President and the Board of Directors. For audited divisions, the office identifies areas for improvement, requests reports on the measures taken and the status of improvements, and conducts follow-up audits as necessary.」
The disclosure specifies that the Internal Audit Office has 3 members and details its operations, from the annual audit plan and reporting audit results to the Board of Directors through follow-up on improvements and, where necessary, repeat audits. - FY2023AdvancedAnnual report
「On 22 November 2022, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. To further strengthen the supervisory function of the Board of Directors, enhance corporate governance and increase corporate value, we have established a framework that includes the Audit and Supervisory Committee and the Internal Audit Office.」
Following the change to a company with an Audit and Supervisory Committee, the disclosure describes the operating framework, including coordination among the Board of Directors, the Audit and Supervisory Committee, the Internal Audit Office and the accounting auditor. - FY2022AdvancedAnnual report
「Upon approval at the 69th Annual General Meeting of Shareholders held on 22 November 2022, we changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. As statutory bodies under the Companies Act, we have established the General Meeting of Shareholders, the Board of Directors, the Audit and Supervisory Committee and an accounting auditor, as well as an Internal Audit Office reporting directly to the Representative Director and President to conduct day-to-day audits.」
The company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee and is restructuring its oversight and audit framework, including the Internal Audit Office. - FY2020RestatedAnnual report
「The Internal Audit Office continuously conducts internal audits to verify the execution of operations in each division and ensure compliance. The audit results are reported to the President and the Board of Corporate Auditors.」
The disclosure continues to describe verification of operational execution and compliance through internal audits, together with the reporting framework to the President and the Board of Corporate Auditors. - FY2018RestatedAnnual report
「To ensure efficient business execution, we have established various rules governing business execution, including rules on working conditions, organization, segregation of duties, approvals and resolutions, as well as various business workflows. We have established a basic policy for developing an internal control system and, through internal audits, work to ensure the effectiveness and efficiency of operations, the reliability of financial reporting, compliance with laws and regulations relating to business activities, and the safeguarding of assets.」
The disclosure describes the framework comprising business rules and workflows, the basic policy for internal controls, and internal audits covering operational effectiveness, financial reporting, legal compliance and asset safeguarding. - FY2016First statedAnnual report
「We will enhance the development and operation of internal controls and strengthen the risk management framework.」
The development and operation of internal controls and the strengthening of the risk management framework are expressly identified as measures to be addressed.