Failure of internal management functions accompanying rapid business expansion and diversification
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
126 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The group’s business is growing rapidly, and the functions required of it are also expanding. To achieve continued growth, the group considers it an important management issue to strengthen its internal management framework for appropriately identifying and controlling management risks.」
The company continues to regard strengthening its internal management framework in response to rapid business growth and diversification as a key challenge. - FY2023RestatedAnnual report
「The group’s business is growing rapidly, and the functions required of it are also expanding. To achieve continued growth, the group considers it an important management issue to strengthen its internal management framework for appropriately identifying and controlling management risks.」
The company continues to recognize the challenge of strengthening risk management, internal audit and governance functions, together with the risk of deficiencies in the internal management framework accompanying rapid business growth and diversification. - FY2022First statedAnnual report
「If corporate governance fails to function effectively as the business expands and diversifies rapidly, the group may be unable to conduct its operations appropriately, which could affect its business results.」
The company newly explicitly identified the risk that internal management, financial reporting, compliance with internal regulations and governance may not function adequately in response to rapid business expansion and diversification.