Risk that Internal Management Systems May Fail to Keep Pace with Rapid Business Expansion
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2023.
126 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「We will rigorously operate an appropriate internal control system to ensure the propriety of business operations and the reliability of financial reporting, and will thoroughly comply with laws and regulations based on sound ethical principles. However, if rapid business expansion creates a situation in which the establishment of a sufficient internal management structure cannot keep pace, appropriate business operations may become difficult, which could affect our group's business and operating results.」
The company reiterates the risk that the management structure may fail to keep pace with rapid business expansion while operating an internal control system and complying with laws and regulations. - FY2021RestatedAnnual report
「We will rigorously operate an appropriate internal control system to ensure the propriety of business operations and the reliability of financial reporting, and will thoroughly comply with laws and regulations based on sound ethical principles. However, if rapid business expansion creates a situation in which the establishment of a sufficient internal management structure cannot keep pace, appropriate business operations may become difficult, which could affect our business and operating results.」
The company reiterates the risk that the management structure may fail to keep pace with rapid business expansion while operating an internal control system and complying with laws and regulations. - FY2020RestatedAnnual report
「We will rigorously operate an appropriate internal control system to ensure the propriety of business operations and the reliability of financial reporting, and will thoroughly comply with laws and regulations based on sound ethical principles. However, if rapid business expansion creates a situation in which the establishment of a sufficient internal management structure cannot keep pace, appropriate business operations may become difficult, which could affect our group's business and operating results.」
The company reiterates the risk that the management structure may fail to keep pace with rapid business expansion while operating an internal control system and complying with laws and regulations. - FY2018MitigatedAnnual report
「We will rigorously operate an appropriate internal control system to ensure the propriety of business operations and the reliability of financial reporting, and will thoroughly comply with laws and regulations based on sound ethical principles.」
In response to the risk that the internal management structure may fail to keep pace with rapid business expansion, the company explicitly states its policy of operating an internal control system and complying with laws and regulations. - FY2017First statedAnnual report
「If rapid business expansion creates a situation in which the establishment of a sufficient internal management structure cannot keep pace, appropriate business operations may become difficult, which could affect our business and operating results.」
The company describes the possibility that the establishment of an internal control system may lag behind business expansion.