Ethics, Legal Compliance and Company-wide Risk Management Framework
First written in FY2016. 8 of 12 entries say "Advanced", first in FY2018. Latest entry: FY2026.
74 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In 2025, we conducted an identification and assessment of the “priority risks” for the seventh phase. The primary objective of the seventh phase was to identify and assess risks that could impede the achievement of the medium-term management objectives for fiscal 2026–2028 across the entire Group, following the process below.」
For the priority risks in the seventh phase, we conducted a company-wide identification and assessment covering 110 items and developed a specific framework for managing risks that could impede achievement of the fiscal 2026–2028 medium-term plan. - 2026-05-25AdvancedGeneral Meeting of Shareholders
「② 「倫理・コンプライアンス規程」に基づき、不正の早期発見に努め、不祥事について調査、原因・責任究明および事案解決を行い、再発防止策を実施しています。」
倫理・コンプライアンス委員会、内部通報、再発防止策に加え、当期の運用状況として委員会開催や不祥事対応の実施を具体的に記載している。 - FY2023AdvancedAnnual report
「In 2022, we conducted an identification and assessment of the “priority risks” for the sixth phase. The primary objective of the sixth phase was to identify and assess risks that could impede the achievement of the medium-term management objectives for fiscal 2023–2025 across the entire Group, following the process below.」
Regarding risk management, we conducted a company-wide identification and assessment covering 118 items in the sixth phase and developed a specific framework for prioritizing risks that could impede achievement of the fiscal 2023–2025 plan. - FY2023-Q2AdvancedAnnual report
「As a result, the temporary suspension of certification for the design, development and manufacture of products other than resin products produced at the Nagoya facility was lifted as of 28 October 2022.」
As a response to the quality and compliance issues, there was concrete progress in lifting the temporary suspension of ISO 9001 certification. The company also reported completion of re-registration for product categories subject to UL certification. - FY2023-Q1RestatedAnnual report
「Based on the recommendations in the investigation report published by the committee of outside experts on 12 April 2022, the group will implement measures to prevent recurrence and make every effort to restore the trust of customers and society at large.」
In response to the quality and compliance issues, the company continues to pursue a policy of implementing measures to prevent recurrence based on the recommendations of the committee of outside experts, re-registering UL certifications, reacquiring ISO 9001 certification and lifting the temporary suspension. - FY2022AdvancedAnnual report
「The company has established a Quality Assurance Division to promote the development and oversee the effectiveness of the quality assurance framework across the entire Toray Group, and has worked to strengthen compliance awareness.」
In addition to establishing the Quality Assurance Division in response to the quality data falsification issue, the company received the investigation report from the committee of outside experts concerning the UL certification issue, and indicated that it would formulate and implement specific measures to prevent recurrence, with the Board of Directors and other bodies overseeing progress. - FY2022-Q3AdvancedAnnual report
「The company will establish a committee of outside experts to conduct a further thorough investigation and determine the causes.」
Following improper conduct related to third-party certification registration for resin products, the company specified a response involving the establishment of a committee of outside experts to conduct an additional investigation and determine the causes. - FY2021AdvancedAnnual report
「The company has established a framework for responding promptly when risks rapidly materialize or a crisis occurs, with a dedicated organization overseeing risk management during normal operations and immediate response in the event of a crisis.」
In addition to the existing enterprise-wide risk management framework, the company has specified a structure under which a dedicated organization oversees responses to rapidly materializing risks and crises. - FY2019RestatedAnnual report
「To give effect to its management philosophy, the company seeks to establish a system for conducting operations lawfully and efficiently by developing an internal control system in accordance with the following basic policies. This system appropriately covers the establishment of its organization, formulation of rules and regulations, transmission of information, and monitoring of business execution.」
The company continues to maintain an enterprise-wide framework comprising the Ethics and Compliance Committee, Risk Management Committee, whistleblowing, internal controls over financial reporting and subsidiary management, among other functions. - FY2018AdvancedAnnual report
「The company conducted a comprehensive investigation of quality data across the group and confirmed that there were no legal violations or cases affecting the safety of customers' products. The company has begun measures to ensure the effectiveness of quality assurance operations across the group and is strengthening compliance, including quality assurance.」
Following the rewriting of inspection data at a subsidiary, the company began investigating quality data across the group, implementing quality assurance measures, strengthening communication with customers, and reporting to the Board of Directors and Audit & Supervisory Board members. - FY2017RestatedAnnual report
「To give effect to its management philosophy, the company seeks to establish a system for conducting operations lawfully and efficiently by developing an internal control system in accordance with the following basic policies. This system appropriately covers the establishment of its organization, formulation of rules and regulations, transmission of information, and monitoring of business execution.」
The company continues to develop frameworks covering the Ethics Committee, code of conduct, whistleblowing, enterprise-wide risk management, internal controls over financial reporting and subsidiary management. - FY2016First statedAnnual report
「To give effect to its management philosophy, the company seeks to establish a system for conducting operations lawfully and efficiently by developing an internal control system in accordance with the following basic policies. This system appropriately covers the establishment of its organization, formulation of rules and regulations, transmission of information, and monitoring of business execution.」
The company lists frameworks covering the Ethics Committee, code of conduct, whistleblowing, risk management and internal controls over financial reporting.