Rebuilding Group Governance Following Fuji Xerox's Improper Accounting
First written in FY2017. 6 of 7 entries say "Advanced", first in FY2018. Latest entry: FY2025.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The filing company's employee count increased by 377 from the end of the previous fiscal year because FUJIFILM Corporation's IT division was transferred to FUJIFILM Holdings Corporation to centralize the group's IT functions.」
As part of the restructuring of group governance, the company transferred the IT function to centralize IT operations, marking progress through an increase in the number of employees at the holding company. - FY2025-H1AdvancedAnnual report
「During the interim consolidated accounting period, the number of employees of the filing company increased by 370 from the end of the previous fiscal year to 1,191. This increase resulted from the transfer of FUJIFILM Corporation's IT division to FUJIFILM Holdings Corporation to centralize the group's IT functions.」
Regarding the rebuilding of group governance, the company transferred FUJIFILM Corporation's IT division to the holding company to centralize IT functions, implementing an organizational restructuring that increased the filing company's employee count by 370. - FY2021-Q3AdvancedAnnual report
「During the cumulative third-quarter period, the number of employees of the filing company increased by 420 from the end of the previous fiscal year to 648. This increase resulted from an organizational restructuring that integrated the corporate divisions of FUJIFILM Corporation and FUJIFILM Business Innovation Corp. into FUJIFILM Holdings Corporation, with the aim of further promoting the unification of policies and business processes, eliminating duplicate work, sharing human resources, and strengthening governance from the perspective of the group as a whole.」
Regarding the rebuilding of group governance, the company integrated the corporate divisions of FUJIFILM Corporation and FUJIFILM Business Innovation into the holding company and is further advancing the unification of policies and business processes and the sharing of personnel. - FY2021-Q2AdvancedAnnual report
「In the status of the filing company, the number of employees of the filing company during the cumulative second-quarter period increased by 395 from the end of the previous fiscal year to 623. This increase resulted from an organizational restructuring that integrated the corporate divisions of FUJIFILM Corporation and FUJIFILM Business Innovation Corp. into FUJIFILM Holdings Corporation, with the aim of further promoting the unification of policies and business processes, eliminating duplicate work, and sharing human resources to strengthen governance from the perspective of the group as a whole.」
Regarding the rebuilding of group governance following the accounting improprieties, the company integrated the corporate divisions of FUJIFILM Corporation and FUJIFILM Business Innovation into the holding company and is advancing the unification of policies and business processes and the sharing of personnel. - FY2019AdvancedAnnual report
「To further strengthen group governance, the company has promoted the development of an IT environment enabling monitoring of the operating status of group companies, internal audits by the company's audit department covering all group companies, and the introduction of an internal whistleblowing system allowing all directors, officers and employees of the group to report directly to the company's dedicated compliance department.」
Regarding the rebuilding of group governance following the accounting improprieties, the company expanded its control measures to include IT monitoring of group companies, group-wide internal audits, and an internal whistleblowing system for all directors, officers and employees. - FY2018AdvancedAnnual report
「In particular, in the accounting area, the company integrated the accounting departments of the company, FUJIFILM Corporation and FUJIFILM Business Innovation Corp., thoroughly improved the revenue recognition and receivables management processes, tightened lease accounting standards, and provided accounting compliance training for the CEOs and CFOs of all group companies.」
Regarding the rebuilding of group governance following the accounting improprieties, the company integrated the accounting departments of 3 companies, improved revenue recognition and receivables management, tightened lease accounting standards, and provided training for CEOs and CFOs. - FY2017First statedAnnual report
「Specifically, the company will strengthen group governance and increase transparency in business processes by integrating certain head-office and management functions of FUJIFILM Business Innovation Corp. into the company, further expanding personnel exchanges within the group, including among senior executives, and reviewing and rebuilding internal controls relating to FUJIFILM Business Innovation Corp. and its subsidiaries, including reporting systems to the company.」
The company has, for the first time, specified measures to prevent recurrence, including integrating certain head-office functions of Fuji Xerox, expanding personnel exchanges, and reviewing and rebuilding internal controls, including reporting systems.