Strengthening Risk Management, Internal Controls and Compliance
First written in FY2016. 7 of 10 entries say "Advanced", first in FY2017. Latest entry: FY2026.
- FY2026Continuing audits of the Company and its subsidiaries with a 4-person internal audit officeAnnual report
「With respect to internal audits, we have established an Internal Audit Office under the direct authority of the President (4 members as of June 2026) to audit operations in each department and business location. Based on the annual audit plan, the Internal Audit Office conducts operational audits of the Company and its subsidiaries and evaluates internal controls over financial reporting under the Financial Instruments and Exchange Act.」
The disclosure states that the Internal Audit Office had 4 members as of June 2026 and conducts operational audits of the Company and its subsidiaries and evaluates internal controls over financial reporting. - 2026-06-04RestatedGeneral Meetings of Shareholders
「With respect to risk management, the Internal Control Committee identifies significant risks facing the Company and responds appropriately according to their significance.」
The Company reaffirmed its ongoing identification of significant risks and responses to them by the Internal Control Committee as part of its operations during the current fiscal year. - FY2024AdvancedAnnual report
「With respect to internal audits, we have established an Internal Audit Office under the direct authority of the President (5 members as of June 2024) to audit operations in each department and business location. During the consolidated fiscal year, the office conducted audits at 84 locations, representing approximately 55% of the Company's business locations, including those of consolidated subsidiaries, and reports the audit results monthly to the Representative Director and President and the full-time Audit and Supervisory Committee Member.」
The 5-person Internal Audit Office audited 84 locations, or approximately 55% of business locations including consolidated subsidiaries, and disclosed its practice of reporting monthly. The disclosure also states that 3 internal auditors are employed, providing specific details of the internal control operating framework. - FY2022AdvancedAnnual report
「The Company has entered into an internal audit agreement with its subsidiaries. The Company's Internal Audit Office conducts internal audits of the Company and its subsidiaries, reports the results to the responsible departments and their heads, and provides guidance and advice on measures to improve internal controls to those departments and their heads as necessary.」
In addition to the existing Internal Controls Committee, Compliance Committee and Internal Audit Office, the disclosure provides specific details of an internal audit agreement with subsidiaries and a framework for reporting subsidiary loss risks to the Board of Directors. - FY2021AdvancedAnnual report
「With respect to internal audits, we have established an Internal Audit Office under the direct authority of the President (6 members as of June 2021) to audit operations in each department and business location. The office audits the appropriateness, effectiveness and legality of compliance with the Company's rules and other regulations and of overall operations, reports to the President and the Audit and Supervisory Committee, and makes recommendations and provides corrective guidance to relevant departments as necessary.」
The disclosure states that the Internal Audit Office under the direct authority of the President has 6 members and specifies the continuing operating framework, including reporting to the Audit and Supervisory Committee and corrective guidance to relevant departments. - FY2020AdvancedAnnual report
「With respect to internal audits, we have established an Internal Audit Office under the direct authority of the President (5 members as of June 2020) to audit operations in each department and business location. The office audits the appropriateness, effectiveness and legality of compliance with the Company's rules and other regulations and of overall operations, reports to the President and the Audit and Supervisory Committee, and makes recommendations and provides corrective guidance to relevant departments as necessary.」
The disclosure specifies a 5-person Internal Audit Office and provides specific details of the internal control operating framework, including reporting to the Audit and Supervisory Committee and corrective guidance. - FY2019AdvancedAnnual report
「In addition to establishing an Internal Controls Committee headed by the President as the person responsible for internal controls to ensure the effectiveness and efficiency of operations and the reliability of financial reporting, we have established a Compliance Committee chaired by the President to promote compliance and ensure appropriate business operations, and are enhancing our risk management framework.」
The disclosure clarifies the accountability structure for the person responsible for internal controls and the Compliance Committee, and provides specific details of the operating framework for internal controls and risk management, including an additional reporting line to the Audit and Supervisory Committee. - FY2018AdvancedAnnual report
「In addition to establishing an Internal Controls Committee to ensure the effectiveness and efficiency of operations and the reliability of financial reporting, we have established a Compliance Committee to promote compliance and ensure appropriate business operations, and are enhancing our risk management framework. We have also established an Internal Audit Office under the direct authority of the President (6 members as of June 2018), which audits the appropriateness, effectiveness and legality of compliance with the Company's rules and other regulations and of overall operations, reports to the President and Audit & Supervisory Board Members, and makes recommendations and provides corrective guidance to relevant departments as necessary.」
The disclosure describes in specific terms, including the number of personnel, the structure for audits and corrective guidance provided by the Internal Audit Office under the direct authority of the President, in addition to the Internal Controls Committee and Compliance Committee. - FY2017AdvancedAnnual report
「In addition to establishing an Internal Controls Committee, we have established a Compliance Committee to promote compliance and ensure appropriate business operations, and are enhancing our risk management framework.」
In addition to the existing policy of strengthening controls, the disclosure describes specific structures including the Internal Controls Committee, Compliance Committee, Legal Department and Internal Audit Office. - FY2016First statedAnnual report
「We will enhance risk management, develop and expand internal controls, strengthen the activities of the Compliance Committee, and reinforce our corporate governance initiatives.」
The Company has indicated that it will continuously strengthen risk management, internal controls, the Compliance Committee and governance as measures to reinforce its corporate structure and operating base.