Strengthening Internal Controls
First written in FY2016. 2 of 6 entries say "Advanced", first in FY2017. Latest entry: FY2023.
Phil Company moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
2 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「In addition, the recognition of allowances for doubtful accounts related to uncollectible or delayed collection of receivables at a consolidated subsidiary, announced in October 2023, brought to light inadequate governance in the investment and financing management framework.」
The company stated that inadequate governance in the investment and financing management framework came to light following uncollectible or delayed collection of receivables at a consolidated subsidiary and the recognition of allowances for doubtful accounts, thereby specifying the issues in its management framework. - FY2021RestatedAnnual report
「To this end, we will work to further strengthen our internal control framework by coordinating primarily with the Corporate Management Division, the Internal Audit Office and external partner organizations.」
The company continues to coordinate among the Corporate Management Division, the Internal Audit Office and external partner organizations to improve operating efficiency, manage risk and ensure legal compliance during the growth investment phase. - FY2019AdvancedAnnual report
「To this end, we will work to further strengthen our internal control framework by coordinating primarily with the Corporate Management Division, the Internal Audit Office and external partner organizations.」
The company has shifted from a framework centered on the Corporate Management Department to one centered on the Corporate Management Division, and has set out further strengthening its internal control framework through coordination with the Internal Audit Office and external partner organizations. - FY2018RestatedAnnual report
「To this end, we will work to strengthen our internal control framework by coordinating primarily with the Corporate Management Department, the Internal Audit Office and external partner organizations.」
The company continues to strengthen its internal control framework to improve operating efficiency and risk management as it grows, and to enhance credibility against the backdrop of misconduct in the real estate industry. - FY2017AdvancedAnnual report
「To ensure the proper conduct of operations, the Board of Directors resolved the “Basic Policy on the Establishment of an Internal Control System,” and the company is currently operating its internal control system based on that policy.」
The Board of Directors adopted the Basic Policy on the Establishment of an Internal Control System, and the company has moved to operating under that policy. - FY2016First statedAnnual report
「The Group is in a growth phase and recognizes that strengthening its internal management systems for more efficient operations and risk management is an important priority. Accordingly, the Group will continue working to strengthen its internal management systems, led by the Corporate Management Department in cooperation with the Internal Audit Office and external support organizations, to ensure the fairness and transparency of management.」
In response to the operational efficiency and risk management challenges associated with its growth phase, the company has set out cooperation among the Corporate Management Department, Internal Audit Office and external support organizations.