Management and Internal Control Risks Associated with a Short Operating History and Small-Scale Organization
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2025.
99 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group is rapidly and flexibly building an optimal organisation in line with business growth and changes, as well as increases in personnel. Although we are continuously strengthening our internal control system, if we are unable to establish an optimal internal control system in response to changes in the business or organisation, this may disrupt the Group's operations and affect future business expansion.」
While the organisation is being streamlined to match the scale of the business, the risk of establishing an internal control system capable of responding to changes in the business and organisation remains ongoing. - FY2022RestatedAnnual report
「We are rapidly and flexibly building an optimal organisation in line with business growth and changes, as well as increases in personnel. Although we are continuously strengthening our internal control system, if we are unable to establish an optimal internal control system in response to changes in the business or organisation」
The risk of establishing an organisation and internal control system to support increases in personnel and rapid business growth remains ongoing. - FY2021ReframedAnnual report
「We are rapidly and flexibly building an optimal organisation in line with business growth and changes, as well as increases in personnel. Although we are continuously strengthening our internal control system, if we are unable to establish an optimal internal control system in response to changes in the business or organisation」
The focus shifted from the previous classification of risks associated with a short operating history and a small organisation to the risk of establishing an optimal organisation and internal control system to support rapid business growth and increases in personnel. - FY2020RestatedAnnual report
「As of the end of the fiscal year ending October 2020, the Company's personnel structure consisted of 4 directors, including 3 full-time executive directors, and 68 employees, making it a small organisation.」
Although the number of employees has increased, the management and internal control risks associated with a short operating history and a small organisation remain ongoing. - FY2019First statedAnnual report
「The Company was established in November 2015 and had a short operating history, with the fiscal year ending October 2019 being its fourth fiscal year.」
The Company discloses that there is limited historical information for comparison and that, as a small organisation with 58 employees, it may not be able to strengthen its internal control system as planned.