Establishing Management Systems and Internal Controls for Consolidated Subsidiaries
First written in FY2023-Q2. 3 of 7 entries say "Restated". Latest entry: FY2026.
Japan Data Science Consortium moved to the "Worse" side of this theme in 2024, 2 years before the typical company in this theme (2026).
The whole theme swung hardest in 2024: 4 of 16 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The company is developing and operating measures to prevent recurrence, including adopting segregation of duties and an employee rotation system, preparing management ledgers, establishing approval rules and strengthening internal control functions.」
Following misconduct by a former employee of a consolidated subsidiary, the company has established and implemented measures to prevent recurrence, including segregation of duties, employee rotations, management ledgers, approval rules and stronger internal controls. - FY2025-H1WorsenedAnnual report
「The Company recorded expenses related to investigating the facts surrounding misconduct by a former employee of a consolidated subsidiary as expenses related to a special investigation.」
The risk related to internal controls and management systems at a consolidated subsidiary materialised in the form of misconduct by a former employee and the recording of investigation expenses. The Company also recorded ¥56.418 million in estimated additional corporate taxes under income taxes. - FY2024-Q3RestatedAnnual report
「The Group has 2 subsidiaries, 株式会社ファイナンス・プロデュース and メールカスタマーセンター株式会社. As these subsidiaries have been consolidated subsidiaries of the Group for only a short period, their management systems may fail to keep pace with rapid business growth in the future.」
The Company continues to disclose the risk that the management systems of its 2 consolidated subsidiaries may fail to keep pace with business growth. - FY2024-Q2WorsenedAnnual report
「The Group has 2 subsidiaries, 株式会社ファイナンス・プロデュース and メールカスタマーセンター株式会社. As these subsidiaries have been consolidated subsidiaries of the Group for only a short period, their management systems may fail to keep pace with rapid business growth in the future.」
The risk related to establishing management systems has expanded from 1 company, Finance Produce, to 2 companies, including メールカスタマーセンター. - FY2023RestatedAnnual report
「Although the Company’s administrative division is working to strengthen its management systems, including internal controls, inadequate management systems could affect the Group’s business and results through violations of laws and regulations or deficiencies in procedures related to licenses and approvals.」
The Company continues to disclose the risk that Finance Produce’s management systems, following its consolidation as a subsidiary, may fail to keep pace with business growth. - FY2023-Q3RestatedAnnual report
「The subsidiary has been a consolidated subsidiary of the Group for only a short period and is also small in scale, so its management systems may fail to keep pace with rapid business growth in the future.」
The Company continues to disclose the risk that, because the period since the subsidiary became consolidated is short, its management systems may fail to keep pace with business growth. - FY2023-Q2First statedAnnual report
「The subsidiary has been a consolidated subsidiary of the Group for only a short period and is also small in scale, so its management systems may fail to keep pace with rapid business growth in the future. Although the Company’s administrative division is working to strengthen its management systems, including internal controls, inadequate management systems could affect the Group’s business and results through violations of laws and regulations or deficiencies in procedures related to licenses and approvals.」
The Company has disclosed the risk that, at the newly consolidated Finance Produce, management systems may fail to keep pace with business growth, potentially leading to violations of laws and regulations or deficiencies in licensing and approval procedures.