Litigation and Third-Party Claims Risk
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2024.
20 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The Group reports risk events to the Risk and Compliance Committee and has established a framework to reduce litigation risk through early responses to risks under the Committee's centralised management.」
Explicitly describes reporting risk events to the Committee and centralised management, in addition to coordination with the existing legal function and external counsel. - FY2022MitigatedAnnual report
「The Group prepares for the risks of litigation and other disputes by complying with legal regulations including the Act against Unjustifiable Premiums and Misleading Representations, the Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors, and the Telecommunications Business Act, further developing its legal function and strengthening cooperation with external parties such as law firms.」
Additionally describes the development of the legal function and strengthened cooperation with external counsel as measures to address litigation and other disputes. - FY2020RestatedAnnual report
「The Group currently recognises that the Risk and Compliance Committee, established to ensure risk management and compliance, is functioning adequately. However, in such cases, depending on the nature of the litigation or other matter and the amount claimed, the Group's business, operating results and financial position may be affected.」
Reiterates the litigation and third-party claims risk and the response through the Risk and Compliance Committee. - FY2019RestatedAnnual report
「The Group currently recognises that the Risk and Compliance Committee, established to ensure risk management and compliance, is functioning adequately. However, in such cases, depending on the nature of the litigation or other matter and the amount claimed, the Group's business, operating results and financial position may be affected.」
Reiterates the litigation and third-party claims risk and the response through the Risk and Compliance Committee. - FY2018RestatedAnnual report
「The Group currently recognises that the Risk and Compliance Committee, established to ensure risk management and compliance, is functioning adequately. However, in such cases, depending on the nature of the litigation or other matter and the amount claimed, the Group's business, operating results and financial position may be affected.」
Reiterates the litigation and third-party claims risk and the response through the Risk and Compliance Committee. - FY2017First statedAnnual report
「The Group may face lawsuits or other claims if business partners, sales agents, customers or other users suffer losses due to system failures or other causes.」
Identifies the establishment of a Risk and Compliance Committee as a measure.