Internal control systems lagging behind rapid business expansion
First written in FY2024. 1 of 3 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
126 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We are developing a three-lines-of-defense structure comprising operating departments, the Risk and Compliance Management Committee and the internal audit department.」
Continues to disclose internal-control risk arising from business expansion and group management, including subsidiaries, and identifies the three-lines-of-defense structure as a response. - FY2025MitigatedAnnual report
「In preparation for business expansion, our group is strengthening internal management, including compliance systems. The Risk and Compliance Management Committee appoints a manager for each risk, conducts assessments and implements preventive measures, while internal audits seek to identify and resolve internal-control issues at an early stage.」
Specifies risk owners, assessments, preventive measures and internal audits as responses. - FY2024First statedAnnual report
「If rapid business expansion causes internal-control systems to lag behind, appropriate business operations could become difficult, potentially affecting our group’s business development, financial position and financial results.」
Identifies the possibility that internal-control systems may fail to keep pace with business expansion.