Decline in Governance Functions Due to Changes in the External Environment, etc.
First written in FY2021. 4 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Group recognizes strengthening corporate governance as an important management priority for the sustainable enhancement of corporate value and continues to work to improve its effectiveness. Specifically, based on its response to the Corporate Governance Code, the Group is strengthening its oversight functions through Board of Directors effectiveness evaluations, the use of outside directors and more active discussions, among other measures.」
Explicitly describes Board of Directors effectiveness evaluations, the use of outside directors, more active discussions, and stronger internal control and compliance systems as measures to address the risk of declining governance effectiveness. - FY2024-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported regarding the risk of declining governance effectiveness due to changes in the external environment and other factors. - FY2024-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported regarding the risk of declining governance effectiveness due to changes in the external environment and other factors. - FY2023RestatedAnnual report
「To ensure effective governance, we are working to strengthen governance functions by responding to the Corporate Governance Code and promoting more active discussions by the Board of Directors, among other measures.」
Continues to address the risk of declining governance effectiveness due to changes in the external environment through responses to the Corporate Governance Code and more active Board of Directors discussions. - FY2023-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported regarding the risk of declining governance effectiveness due to changes in the external environment and other factors. - FY2022MitigatedAnnual report
「To ensure effective governance, we are working to strengthen governance functions by responding to the Corporate Governance Code and promoting more active discussions by the Board of Directors, among other measures.」
Describes responding to the Corporate Governance Code, promoting more active Board of Directors discussions and providing compliance training as measures to address the risk of declining governance effectiveness due to changes in the external environment. - FY2021First statedAnnual report
「If an unforeseen situation arises due to changes in future businesses or the external environment, the effectiveness of governance could decline, leading to compliance risks such as violations of laws and regulations. As a result, governance risks could have a material impact on the operating results and other aspects of the Group.」
For the first time, explicitly identifies the potential decline in governance effectiveness and resulting compliance risks as major governance risks.