Delay in establishing internal management systems due to rapid expansion
First written in FY2016. 14 of 16 entries say "Restated". Latest entry: FY2022-Q3.
126 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「During the 3rd quarter of the current consolidated cumulative period, there were no material changes in the matters related to the business and accounting conditions described in this quarterly report, including the occurrence of major risks that management recognizes could materially affect the consolidated companies’ financial position, operating results or cash flows, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2021MitigatedAnnual report
「Our group will work to reduce this risk by establishing an appropriate organizational structure and allocating personnel in line with the expansion in scale.」
Explicitly identified building an organizational structure and allocating personnel in line with business growth as measures addressing delays in developing the internal control structure. - FY2020RestatedAnnual report
「We will ensure the appropriate operation of internal control systems to secure the propriety of operations and the reliability of financial reporting, as well as thorough compliance with laws and regulations based on sound ethical principles. However, if rapid business expansion causes the development of an adequate internal control structure to fall behind, it could make appropriate business operations difficult and affect our group's business and operating results.」
Continues to disclose the risk that development of the internal control structure may not keep pace with rapid business expansion, together with its operating policies for internal controls and legal compliance. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2018RestatedAnnual report
「If rapid business expansion causes the development of an adequate internal control structure to fall behind, it could make appropriate business operations difficult and affect our business and operating results.」
Continues to identify the risk that development of the internal control structure may not keep pace with rapid business expansion. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2017RestatedAnnual report
「If rapid business expansion causes the development of an adequate internal control structure to fall behind, it could make appropriate business operations difficult and affect our business and operating results.」
Continues to identify delayed development of the internal control structure amid rapid expansion as a risk. - FY2017-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk that development of the internal control structure may lag behind rapid expansion. - FY2016First statedAnnual report
「If rapid business expansion causes the development of an adequate internal control structure to fall behind, it could make appropriate business operations difficult and affect our business and operating results.」
Identifies as a separate risk the possibility that development of the internal control structure may not keep pace with the speed of business expansion.