Group-Wide Risk Management and Internal Whistleblowing System
First written in FY2016. 9 of 13 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2024: 4 of 27 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The committee met 2 times during the fiscal year and, following a redefinition of the risks to be covered, identified 6 items as short-term issues for the Group and risks with a significant impact on the Company as a whole: legal and regulatory compliance risk, supply chain risk, information security risk, quality assurance risk, occupational health and safety risk, and geopolitical risk.」
The Risk Management Committee’s identification of 6 key risks and responses through control-owning departments and sub-themes continues. - FY2025AdvancedAnnual report
「The committee met 3 times during the fiscal year and, following a redefinition of the risks to be covered, identified 6 items as short-term issues for the Group and risks with a significant impact on the Company as a whole: legal and regulatory compliance risk, supply chain risk, information security risk, quality assurance risk, occupational health and safety risk, and geopolitical risk.」
Following the redefinition of risks, the Risk Management Committee identified 6 key risks and moved to the stage of addressing them through control-owning departments and sub-themes. - FY2024AdvancedAnnual report
「The committee met 3 times during the fiscal year, considered how to establish methods for monitoring key risks across the Group, responded to unauthorized access to the Group’s network by a third party in January 2023 and to an investigation by the Mexican government into violations of workers’ rights at a Mexican subsidiary. The latter matter was addressed appropriately and has already been resolved.」
The Risk Management Committee’s activities progressed to establishing methods for monitoring key Group-wide risks, responding to unauthorized access and addressing the workers’ rights issue at the Mexican subsidiary. - FY2023AdvancedAnnual report
「The Risk Management Committee met 23 times during the fiscal year and, in relation to matters such as Group-wide business strategy, reviewed the business portfolio and business strategies, organized and reviewed the Group company structure and the functions of each company, and followed up on progress in business structural reform.」
Risk management and internal control operations progressed to 23 meetings of the Risk Management Committee, responses to unauthorized network access, and improvements to internal audits and the internal whistleblowing system. A policy was also disclosed to rename the committee the Risk Management Committee from the following fiscal year. - FY2022AdvancedAnnual report
「The Risk Management Committee met 8 times during the fiscal year. It shared information on risk management and response cases in each business unit. Because the Company’s Automotive business unit has a base in Ukraine, it intensively considered crisis response in Ukraine toward the end of the fiscal year.」
The Company disclosed the Risk Management Committee’s annual activities and its intensive consideration of crisis response relating to the Ukrainian base. In addition, the Internal Audit Office and Internal Control Office were integrated into the Audit Department in April 2022. - FY2021AdvancedAnnual report
「The committee met 23 times during fiscal 2020 and implemented various measures to strengthen the risk management framework in cooperation with the Corporate Governance Promotion Office established in April 2020.」
In addition to the Risk Management Committee’s operating results, the Company disclosed efforts to strengthen the risk management framework in cooperation with the Corporate Governance Promotion Office. - FY2020AdvancedAnnual report
「The committee met 26 times during fiscal 2019 and confirmed the implementation status of corrective and recurrence-prevention measures relating to an inappropriate matter involving quality control in some of the Group’s products announced in August 2018, as well as investigated and considered responses to the impact of the COVID-19 pandemic on business activities.」
The Risk Management Committee’s activities were disclosed as 26 meetings, with quality issues and the COVID-19 pandemic addressed as actual agenda items. The Internal Audit Office, with 7 members, also conducted thematic audits, while the Internal Control Office conducted operational audits of 8 departments and 6 companies. - FY2019AdvancedAnnual report
「The 6 members of the Audit Department conducted audits of 15 departments and 14 companies, respectively, in fiscal 2018. Effective 1 April 2019, the Company established an Internal Audit Office, an organization completely independent of the departments subject to audit and reporting directly to the Representative Director and President, and commenced operations with 5 staff members.」
Internal audit coverage increased from 10 departments and 14 companies to 15 departments and 14 companies. In addition, an independent Internal Audit Office reporting directly to the President was launched with a staff of 5. - FY2018AdvancedAnnual report
「In fiscal 2017, the Company audited 10 departments and 14 companies, respectively.」
Specific annual internal audit results were disclosed. In addition, a three-party audit liaison council comprising the Audit and Supervisory Committee, the accounting auditor and the Audit Department has been established as a formal quarterly meeting. - FY2017RestatedAnnual report
「The Company has established a Risk Management Committee, which considers risks common across the Group, develops the compliance framework and operates the internal whistleblowing system.」
The management structure based on the Risk Management Committee, compliance and the internal whistleblowing system is reiterated. - FY2016First statedAnnual report
「The Company has established a Risk Management Committee, which considers risks common across the Group, develops the compliance framework and operates the internal whistleblowing system.」
The Risk Management Committee, compliance framework and internal whistleblowing system serve as Group-wide management tools.