Deficiencies in the Management of Conflicts of Interest and Related-Party Transactions with the Parent Company Group
First written in FY2016-Q2. 4 of 6 entries say "Restated". Latest entry: 2026-03-24.
5 other companies' latest entry also says "Restated".
- 2026-03-24RestatedGovernance
「When conducting transactions with a controlling shareholder or other related parties, we obtain advice from lawyers or third-party institutions as necessary and take measures to ensure the fairness of the transaction terms and content. We also deliberate carefully and make decisions through the Board of Directors, responding appropriately so as not to harm the interests of minority shareholders.」
For transactions with JN Group, which became an other affiliated company, the company described measures to ensure fairness, including obtaining advice, Board deliberation and minority-shareholder protection. - FY2020RestatedAnnual report
「We have established rules and guidelines for managing related-party transactions, and transactions with related parties are submitted to the Board of Directors for prior approval.」
The Board of Directors’ prior approval procedures under the rules and guidelines for managing related-party transactions, together with confirmation of appropriateness by internal audit, continue to be applied. - FY2017RestatedAnnual report
「We have established rules and guidelines for managing related-party transactions, and transactions with related parties are submitted to the Board of Directors for prior approval.」
The rules and guidelines for related-party transactions and the Board of Directors’ prior approval procedures continue to be applied. - FY2016MitigatedAnnual report
「For transactions with the parent company, we obtain advice and guidance from the Management Oversight Committee before seeking the Board of Directors’ prior approval. The Internal Audit Office also confirmed the appropriateness of related-party transactions as a priority audit item.」
Control procedures for transactions with the parent company are being operated, consisting of advice and guidance from the Management Oversight Committee, prior approval by the Board of Directors, and confirmation by internal audit. - FY2016-Q3RestatedAnnual report
「Deficiencies were identified in the development and compliance status of internal rules, including instances in which transactions with the parent company group were approved by the Board of Directors without prior deliberation by the Management Oversight Committee.」
Deficiencies in the prior deliberation of transactions with the parent company group and in the operation of internal rules are restated as part of the contents of the Tokyo Stock Exchange’s notice. - FY2016-Q2First statedAnnual report
「Deficiencies were identified in the development and compliance status of internal rules, including instances in which transactions with the parent company group were approved by the Board of Directors without prior deliberation by the Management Oversight Committee.」
It is stated that transactions with the parent company group were in fact approved without prior deliberation.