Corporate Governance Through Outside Officers and Three-Way Audits
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: 2026-07-02.
The whole theme swung hardest in 2023: 3 of 24 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- 2026-07-02RestatedGovernance
「Board of Directors Consultation Audit and Supervisory Committee Nomination and Compensation Directors (excluding Audit External Committee directors serving as Audit and Supervisory accounting Committee members) directors auditor Recommendation (Coordination) (Requests for assistance) (Accounting audit) President Internal Control Committee Management Committee Operational audit Each organization Internal Audit Office Subsidiaries (Coordination)」
The audit framework involving the Audit and Supervisory Committee, the external accounting auditor and the Internal Audit Office, together with their mutual coordination, is reaffirmed in the diagram. - FY2026The means of coordination under the three-way audit framework have been specified as monthly reports and exchanges of views.Annual report
「As part of its audits of directors' execution of their duties, the Audit and Supervisory Committee independently monitors and verifies the development and operation of the internal control system. To coordinate with the Internal Audit Office, it receives monthly reports on internal audit results and other matters from the office and exchanges views with it, thereby seeking to strengthen the audit function.」
In addition to the policy for a three-way audit framework comprising the Audit and Supervisory Committee, internal audits and financial statement audits, the Company specifically describes coordination through monthly reports on internal audit results and exchanges of views. - FY2024RestatedAnnual report
「In addition to audits by the Audit and Supervisory Committee and financial statement audits required under the Companies Act, the Financial Instruments and Exchange Act and other legislation, the Company has adopted a three-way audit framework that includes internal audits, with each function working together to enhance corporate governance.」
The Company reaffirms the three-way audit framework comprising Audit and Supervisory Committee audits, financial statement audits and internal audits, together with coordination among them. - FY2022RestatedAnnual report
「In addition to audits by the Audit and Supervisory Committee and financial statement audits required under the Companies Act, the Financial Instruments and Exchange Act and other legislation, the Company has adopted a three-way audit framework that includes internal audits, with each function working together to enhance corporate governance.」
The Company reaffirms the three-way audit framework comprising Audit and Supervisory Committee audits, financial statement audits and internal audits, together with coordination among them. - FY2021RestatedAnnual report
「In addition to audits by the Audit and Supervisory Committee and financial statement audits required under the Companies Act, the Financial Instruments and Exchange Act and other legislation, the Company has adopted a three-way audit framework that includes internal audits, with each function working together to enhance corporate governance.」
The Company reaffirms the three-way audit framework comprising Audit and Supervisory Committee audits, financial statement audits and internal audits, together with coordination among them to enhance corporate governance. - FY2019The corporate governance structure was changed to reflect the transition to a company with an Audit and Supervisory Committee.Annual report
「In addition to audits by the Audit and Supervisory Committee and financial statement audits required under the Companies Act, the Financial Instruments and Exchange Act and other legislation, the Company has adopted a three-way audit framework that includes internal audits, with each function working together to enhance corporate governance.」
The corporate governance framework has changed from an explanation based on the conventional Audit & Supervisory Board Member audit system to one describing a three-way audit framework that includes Audit and Supervisory Committee audits. - FY2018First statedAnnual report
「In addition to audits by Audit & Supervisory Board Members and financial statement audits required under the Companies Act, the Financial Instruments and Exchange Act and other legislation, the Company has adopted a three-way audit framework that includes internal audits, with each function working together to enhance corporate governance.」
In addition to the Board of Directors and Audit & Supervisory Board, which include 2 outside directors and 2 outside Audit & Supervisory Board Members, the Company has adopted a three-way audit framework in which internal audits and financial statement audits are coordinated with each other.