Securing personnel and delays in establishing internal control systems in a small organization
First written in FY2016. 9 of 12 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2024: 15 of 108 companies on the "Worse" side.
96 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「If securing personnel or developing capabilities does not proceed as planned in line with the Group's future business expansion, this may affect the company's business and operating results.」
The company continues to identify securing personnel and developing capabilities, as well as delays in establishing internal control systems in a small organization, as risks. - FY2020-Q3RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No significant changes are considered to have occurred with respect to securing personnel and delays in establishing internal control systems. - FY2019MitigatedAnnual report
「The inappropriate accounting treatments in prior fiscal years were caused by a lack of a sense of responsibility among the company's officers and senior management, and a lack of compliance awareness among its officers and employees. Accordingly, after redefining the qualities required of representative directors, directors and audit & supervisory board members, the company selected and appointed individuals possessing those qualities.」
The company states that, after the previously identified personnel and internal control issues actually materialized, corrective measures were implemented through redefining the qualities and responsibilities required of officers and employees, appointments and training. - FY2019-Q4WorsenedAnnual report
「The company recognizes that these circumstances resulted from a lack of a sense of responsibility and compliance awareness, an immature governance structure and the loss of effectiveness of internal checks and balances, as well as deficiencies in business processes and the financial closing and reporting processes.」
The personnel and internal control issues previously identified as risks materialized as specific events involving inappropriate accounting and the designation of the company's shares as a security under supervision. - FY2019-Q2RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes are considered to have occurred with respect to securing personnel and delays in establishing internal control systems in a small organization. - FY2018RestatedAnnual report
「The Group plans to strengthen its business execution structure through recruitment and capability development in line with future business expansion. However, if securing personnel or developing capabilities does not proceed as planned, this may affect the company's business and operating results.」
The company continues to identify securing personnel and developing capabilities, as well as delays in establishing internal control systems in a small organization, as risks. - FY2018-Q4RestatedAnnual report
「There were no material changes during the nine months ended December 31 to the business and financial issues that the Group needs to address as a priority.」
No significant changes are considered to have occurred with respect to securing personnel and delays in establishing internal control systems in a small organization. - FY2018-Q3RestatedAnnual report
「There were no material changes during the second quarter of the current consolidated cumulative period to the issues that the Group needs to address.」
No significant changes are considered to have occurred with respect to securing personnel and delays in establishing internal control systems in a small organization. - FY2018-Q2RestatedAnnual report
「There have been no material changes in the issues that the Group must address during the cumulative consolidated first quarter.」
No significant changes are considered to have occurred with respect to securing personnel and delays in establishing internal control systems in a small organization. - FY2017-Q3RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes are considered to have occurred with respect to securing personnel and delays in establishing internal control systems in a small organization. - FY2017-Q2RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes are considered to have occurred with respect to securing personnel and delays in establishing internal control systems in a small organization. - FY2016First statedAnnual report
「The company recognises that it needs to further strengthen its internal control systems to accommodate future business expansion. However, if the establishment of internal control systems appropriate to the scale of its business is delayed, its business and results of operations may be affected.」
The company identifies delays in recruitment, capability development and internal management as risks to expanding the business, developing new businesses and expanding globally from a small organizational base.