Strengthening Internal Controls and Compliance Following Misconduct
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The company has established an Internal Audit Office as an organization directly reporting to the representative director, president and CEO, staffed by 2 dedicated personnel. ... It also conducts regular audits of subsidiary operations to understand their actual conditions and pursue improvements.」
The Internal Audit Office is operated with 2 dedicated staff, with its responsibilities for auditing subsidiaries, reporting to the Board of Directors and the Audit and Supervisory Committee, and coordinating with the accounting auditor explicitly stated. - FY2021AdvancedAnnual report
「The company has established a Risk Management and Compliance Committee chaired by Representative Director and President Goto Takahiro (後藤 孝洋), with full-time directors, executive officers and department heads serving as members.」
The operation of the committee responsible for overall risk management, addressing individual issues and compliance training has been expanded to cover group-wide risk management and subsidiary management. - FY2020AdvancedAnnual report
「The company has established a compliance consultation desk within its Legal Affairs Department and an internal whistleblowing channel (compliance helpline) at its external legal counsel's law firm. After informing officers and employees of these channels, the company operates and manages them to promptly identify problematic conduct and address it.」
To strengthen internal controls and compliance following the misconduct, the company established an internal consultation desk and an internal whistleblowing channel at an external law firm, creating a specific framework for early identification of problematic conduct. - FY2019First statedAnnual report
「• Strengthen compliance awareness and training for officers • Improve and strengthen checks on the process leading up to officers' expense payments and the appropriateness of the amounts paid • Strengthen internal audits」
Following the misconduct, the company identified officer training, the expense approval process, checks on the appropriateness of expenditures, and internal audits as measures to prevent recurrence.