Risks of violations of laws and regulations in various countries, environmental regulations, competition policies, and internal controls
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 6 of 38 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Led by the Ethics and Compliance Committee, a company-wide committee, we will promote measures to deter risks from the perspectives of motive, opportunity and rationalization, foster an organizational culture that prevents misconduct, and promote the use of internal whistleblowing systems and AI tools, thereby deepening ethics and compliance activities across our group and thoroughly instilling compliance awareness.」
As measures following the quality and certification issues, the company describes combining the Ethics and Compliance Committee, internal whistleblowing systems, the use of AI tools and enhanced internal controls to prevent and deter recurrence. - FY2023-Q2MitigatedAnnual 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 internal control and quality management issues, the temporary suspension of ISO9001 certification has been lifted. The revocation and re-registration of certification for resin products and the implementation of measures to prevent recurrence continue to be disclosed. - FY2023-Q1WorsenedAnnual report
「On 12 July 2022, we received notice that the ISO9001:2015 certification for the quality management system covering the design, development and manufacture of resin products produced at TORAY INDUSTRIES,INC.'s Nagoya Operations and Chiba Plant would be revoked, while certification for the design, development and manufacture of non-resin products produced at the Nagoya Operations under the same quality management system would be temporarily suspended.」
Regarding internal control and legal compliance risks, the company states that it received notice of the revocation and temporary suspension of ISO9001 certification in connection with the UL certification issue. Action is required to regain certification and lift the suspension. - FY2022MaterialisedAnnual report
「In fiscal 2021, improper conduct related to UL certification registration was discovered involving certain resin products sold by our company and UL, a U.S. independent safety science organization.」
Risks involving violations of the laws and regulations of each country and internal controls materialized in a specific case involving the manufacture and sale of UL certification test samples and products with compositions that differed from those at registration. - FY2019RestatedAnnual report
「Our group works to establish and maintain internal control systems and comply with applicable laws and regulations. However, if these laws and regulations are amended, including through the introduction of new environmental regulations or environmental taxes or changes in corporate tax rates, or if we are found to have violated any laws or regulations, our group's operating results and financial position may be adversely affected.」
The company continues to address risks related to the laws and regulations, environmental regulations, taxation, competition policies and internal controls of each country through internal controls. - FY2018RestatedAnnual report
「Our group works to establish and maintain internal control systems and comply with applicable laws and regulations. However, if these laws and regulations are amended, including through the introduction of new environmental regulations or environmental taxes or changes in corporate tax rates, or if we are found to have violated any laws or regulations, our group's operating results and financial position may be adversely affected.」
The company continues to describe the risks related to the laws and regulations, environmental regulations, taxation, competition policies and internal controls of each country, as well as its response through the development of internal controls. - FY2017RestatedAnnual report
「Our group is subject to various laws and regulations in the countries and regions where it operates, including those concerning the environment, commercial transactions, labor, intellectual property rights, taxation and foreign exchange, as well as investment-related licenses and permits, import and export regulations, and competition policies under antitrust laws.」
The company continues to identify risks related to the laws and regulations, environmental regulations, taxation, competition policies and internal control violations of each country as major risks. - FY2016First statedAnnual report
「Our group is subject to various laws and regulations in the countries and regions where it operates, including those concerning the environment, commercial transactions, labor, intellectual property rights, taxation and foreign exchange, as well as investment-related licenses and permits, import and export regulations, and competition policies under antitrust laws.」
The company lists regulatory changes, violations of laws and regulations, administrative sanctions, tax adjustments by tax authorities, employee misconduct and deficiencies in internal controls over financial reporting.