Strengthening Internal Controls and Corporate Governance
First written in FY2017. 7 of 11 entries say "Advanced", first in FY2018. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the current fiscal year, the Audit & Supervisory Committee met 13 times」
Following the transition to a company with an Audit & Supervisory Committee, the Audit & Supervisory Committee met 13 times and conducted reviews and made recommendations concerning internal controls, information security and governance. - FY2025AdvancedAnnual report
「During the current fiscal year, the Audit & Supervisory Board, before the transition to a company with an Audit & Supervisory Committee, met 4 times, while the Audit & Supervisory Committee met 10 times」
Following the transition to a company with an Audit & Supervisory Committee, the company disclosed that the Audit & Supervisory Board met 4 times and the Audit & Supervisory Committee met 10 times, along with specific activities to review internal controls, information security and governance. - FY2024Transition from a company with a board of corporate auditors to a company with an Audit and Supervisory CommitteeAnnual report
「At the Annual General Meeting of Shareholders held on 20 September 2024, amendments to the Articles of Incorporation providing for the transition to a company with an Audit & Supervisory Committee were approved. Accordingly, the company changed from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee as of the same date.」
The company changed its governance structure to a company with an Audit & Supervisory Committee, creating a structure aimed at strengthening oversight and accelerating decision-making and business execution through the delegation of authority to directors. - FY2023AdvancedAnnual report
「As an advisory body to the Board of Directors, we have established a Nomination and Compensation Committee to ensure fairness, transparency and objectivity in the process for nominating directors and determining their compensation. The Nomination and Compensation Committee comprises 3 or more members selected by the Board of Directors, and a majority of its members are independent outside directors.」
The composition requirements for the Nomination and Compensation Committee were specified. The committee met 2 times during the current fiscal year to deliberate on executive compensation, the executive structure for the following fiscal year and beyond, and employee education policies for developing successors. - FY2021AdvancedAnnual report
「During the current fiscal year, we focused on reviewing and following up on the development of the internal control framework, its operating status, telework and business operations amid the COVID-19 pandemic, and the framework and effectiveness of governance in response to the Corporate Governance Code.」
In addition to rechecking the operation of internal controls, the company identified its response to the Corporate Governance Code and improvements in governance effectiveness as key matters for review during the current fiscal year. - FY2020RestatedAnnual report
「Going forward, we intend to identify operational risks and develop a framework for appropriate risk management. We will strengthen our compliance framework through measures including the development of an internal control system for financial reporting and regular internal audits, while also enhancing corporate governance functions through audits by the audit & supervisory board members.」
The company continues to strengthen its management and governance framework through risk management, internal controls, internal audits and audits by audit & supervisory board members. - FY2019AdvancedAnnual report
「We believe that having outside officers comprise more than half of the officers enables the external management oversight function to operate effectively.」
The company specifically described its oversight and audit framework comprising 2 outside directors and 3 outside audit & supervisory board members, and its cooperation with the internal audit department and accounting auditor. - FY2018AdvancedAnnual report
「To ensure transparency and fairness in corporate management, we have established the “Basic Policy on the Internal Control System” and operate our internal control system based on this policy.」
In addition to operating its internal control system based on the basic policy, the company described specific governance and management frameworks, including the Risk Management Committee, an internal reporting system, internal audits and audits by audit & supervisory board members. - FY2017First statedAnnual report
「Going forward, we intend to identify operational risks and develop a framework for appropriate risk management. We will strengthen our compliance framework through measures including the development of an internal control system for financial reporting and regular internal audits, while also enhancing corporate governance functions through audits by the audit & supervisory board members.」
The company is strengthening its management and governance framework by combining risk management, internal control over financial reporting, internal audits and audits by audit & supervisory board members.