Risk of inadequate management oversight following delegation of authority to overseas subsidiaries
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2026.
127 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As the foundation of our system for ensuring that subsidiaries conduct their operations appropriately, each company generally holds a board meeting once a month, as well as extraordinary board meetings as necessary.」
The company has reaffirmed its management framework for the group, including overseas subsidiaries, comprising monthly board meetings at each company, monthly financial reporting, overseas dispatches, J-SOX audits and internal audits. - FY2021RestatedAnnual report
「As the foundation of our system for ensuring that subsidiaries conduct their operations appropriately, each company generally holds a board meeting once a month, as well as extraordinary board meetings as necessary.」
The company has reaffirmed its group management framework, including monthly board meetings, monthly financial reporting, overseas dispatches, visits by the president and J-SOX audits, for management of the group including overseas subsidiaries. - FY2020MitigatedAnnual report
「In addition, the President and Representative Director reports to the Board of Directors based on the monthly financial reports received from subsidiaries. Where necessary, directors are also dispatched overseas to become directly involved in management, and the President and Representative Director visits one of the subsidiaries each month.」
Regarding the risk of managing overseas subsidiaries, the company described specific control systems, including monthly financial reporting, dispatch of directors, monthly visits by the president and J-SOX audits. - FY2017First statedAnnual report
「We operate efficiently by delegating a certain level of authority to subsidiaries. However, delegation of authority may also make it difficult to fully implement growth strategies and management control systems, potentially affecting our group’s operating performance and financial condition.」
The company stated the risk that, in a group generating approximately 70% of sales overseas, it may be challenging to balance delegation of authority to regional subsidiaries with control by headquarters.