Measures to Prevent Recurrence Following Misconduct at 上海フコク and Strengthening of Internal Controls Across the Group
First written in FY2025. 1 of 3 entries say "Advanced", first in 2026-06-02. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AchievedAnnual report
「Following the discovery in November 2024 that a former employee of a consolidated subsidiary had misappropriated funds through improper accounting, we formulated and implemented measures to prevent recurrence aimed at rebuilding the subsidiary's management system and improving and strengthening internal controls over the group companies, including that subsidiary. As of the end of the current consolidated fiscal year, however, we determined that the company's internal control over financial reporting was effective.」
Regarding measures to prevent recurrence and improvements to internal controls following the misconduct at 上海フコク, significant deficiencies requiring disclosure had been remediated as of the end of the current consolidated fiscal year, and internal control over financial reporting was determined to be effective. - 2026-06-02AdvancedGeneral Meetings of Shareholders
「During the fiscal year, we considered preventing a recurrence of the misconduct that occurred at a subsidiary in the previous fiscal year to be an urgent priority. The committee met 12 times during the year, and the measures were implemented as planned.」
The company discloses that its Internal Control Enhancement Committee met 12 times during the year and implemented measures to prevent a recurrence of the misconduct at Shanghai Fukoku. - FY2025First statedAnnual report
「To rebuild the management system of 上海フコク and improve and strengthen our management system for 上海フコク, we have been considering specific measures to prevent recurrence in line with the recommendations for preventing recurrence.」
The company has formulated measures including eliminating petty cash and checks, segregating payment operations and introducing double checks, changing or rotating personnel within 3 years, training, monthly reporting by the board of directors, quarterly reviews by headquarters, and strengthening the Internal Audit Office.