Inadequate internal control systems amid rapid business expansion
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
126 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The group is working to strengthen its internal control systems. However, if rapid business expansion causes the development of adequate internal control systems to fall behind, appropriate business operations may become difficult, which could affect the group’s business and results of operations.」
The company continues to disclose the risk that the development of internal control systems may fail to keep pace with rapid business expansion. - FY2024First statedAnnual report
「The group recognizes that effective corporate governance is essential to achieving sustainable growth in corporate value and that it must ensure the propriety of operations, the reliability of financial reporting, and thorough compliance with laws and regulations based on sound ethical standards. The group is working to strengthen its internal control systems. However, if rapid business expansion outpaces the development of adequate internal control systems, appropriate business operations may become difficult, which could affect the group’s business and results of operations.」
The company explicitly identified the possibility that the development of internal control systems may fail to keep pace with rapid business expansion as a new risk that could affect business operations and results of operations.