Strengthening the Organizational Structure and Internal Control Framework
First written in FY2020. 6 of 10 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「We have established a Board of Directors and will promptly identify and address any violations of laws, regulations, the Articles of Incorporation or other requirements.」
The company operates a structure comprising 2 independent outside directors among 4 directors, 3 Audit & Supervisory Board members who are all external, a dedicated Head of the Internal Audit Office, a Compliance and Risk Management Committee, and a reporting framework to the Board of Directors. The Board of Directors met 23 times during the fiscal year. - FY2025AdvancedAnnual report
「In addition, we appointed a dedicated Head of the Internal Audit Office in January 2025. We have also made it mandatory to report to the Board of Directors and the Audit & Supervisory Board when signs of misconduct or other issues are detected during internal audits.」
As a response following the external investigation committee's findings, the company appointed a dedicated Head of the Internal Audit Office and clearly established a reporting obligation to the Board of Directors and the Audit & Supervisory Board. It has also developed a structure comprising multiple Representative Directors, an Audit & Supervisory Board consisting mainly of external officers, and multiple risk-reporting lines. - FY2025-H1AdvancedAnnual report
「We will appoint multiple representative directors to ensure the effectiveness of mutual checks among the representative directors. Maruoka Tomoya (丸岡智也氏), who was elected director at the extraordinary general meeting of shareholders held on 3 September 2024, has become Representative Director and CEO, and Sogano Tatsuya (曽我野達也氏) has become Representative Director and COO.」
Following the identification of issues with internal controls and governance, the company established a structure with multiple Representative Directors serving as CEO and COO, giving concrete organizational form to mutual checks among senior management. - FY2023MaterialisedAnnual report
「The report of the external investigation committee points out that effective internal controls and governance had not been established and that sufficient checks and supervisory functions had not been performed when adopting the accounting treatment in question.」
Following the previously disclosed policy of developing the organizational and internal management structure, the company disclosed the external investigation committee's finding that internal controls and governance had not functioned effectively in connection with the accounting treatment for the SPC in the EV charging business. - FY2022Update to board compositionAnnual report
「The Board of Directors comprises 5 directors, including 4 outside directors registered as independent directors, and meets twice a quarter in principle, with extraordinary meetings held as necessary.」
4 of the 5 directors are independent outside directors. The company has disclosed a management framework that includes the executive officer system, Audit & Supervisory Board, Compliance and Risk Management Committee and Internal Audit Office. - FY2022-Q1AdvancedAnnual report
「In the EV charging business, we have made upfront investments, including building an organizational structure by expanding recruitment mainly of engineers and sales personnel and conducting active marketing, to launch and promote the business, and have accumulated orders.」
In connection with launching the EV charging business, we expanded recruitment of engineers and sales personnel and built the organizational structure. - FY2021AdvancedAnnual report
「The Board of Directors comprises 8 directors, including 5 outside directors registered as independent directors. We have also introduced an executive officer system to strengthen the Board of Directors' decision-making and supervisory functions and to separate and streamline business execution.」
The company disclosed a structure in which 5 of its 8 directors are independent outside directors, with an Audit & Supervisory Board, Management Executive Committee, Compliance and Risk Management Committee, and Nomination and Compensation Committee, among others. - FY2020First statedAnnual report
「By delegating authority to executive officers and accelerating decision-making, we are working to improve management efficiency and strengthen organizational capabilities.」
We are developing our management framework through the executive officer system, the Compliance and Risk Management Committee, internal audits, a hotline and the recruitment of specialized personnel.