Operational Risks in Handling Collected Funds
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022ReframedAnnual report
「However, even under such a strict control framework, damage to the trust placed in us could result in claims for damages and disruption to business activities due to post-incident responses, potentially affecting our business performance.」
Regarding operational risk in handling collected funds, the company explicitly identifies, in addition to loss of trust and an impact on business performance, the potential disruption to business activities caused by claims for damages and post-incident responses. - FY2019RestatedAnnual report
「Because our business involves the important task of handling money, including collected funds, we maintain strict controls to avoid operational risk. However, even under such a strict control framework, errors by our officers or employees could damage the trust placed in us and otherwise affect our business performance.」
The company reconfirms the risk that errors by officers and employees in operations handling collected funds could affect trust and business performance. - FY2018RestatedAnnual report
「Because our business involves the important task of handling money, including collected funds, we maintain strict controls to avoid operational risk. However, even under such a strict control framework, errors by our officers or employees could damage the trust placed in us and otherwise affect our business performance.」
The company reconfirms the risk that errors by officers and employees in operations handling collected funds could affect trust and business performance. - FY2017First statedAnnual report
「Because our business involves the important task of handling money, including collected funds, we maintain strict controls to avoid operational risk. However, even under such a strict control framework, errors by our officers or employees could damage the trust placed in us and otherwise affect our business performance.」
The company explicitly identifies errors by officers and employees in operations handling collected funds, and their potential impact on trust and business performance, as an operational risk separate from system failures.