Compliance Violations and Damage to Credibility Caused by Internal Control Deficiencies
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the internal control system established by our group fails to function effectively, resulting in compliance violations, materialization of major loss risks or impairment of disclosure reliability, we could lose the trust of stakeholders all at once, affecting our group's performance.」
The company continues to recognize the risk of compliance violations and loss of trust caused by ineffective internal controls. - FY2023First statedAnnual report
「If the internal control system we have established fails to function effectively, resulting in compliance violations, materialization of major loss risks or impairment of disclosure reliability, we could lose the trust of stakeholders all at once, affecting our performance.」
The company is strengthening and enhancing compliance, risk management and its internal control system.