Management Structure Overhaul, Repayment and Measures to Prevent Recurrence Following Misconduct
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Through the establishment of a Code of Ethics Declaration and Code of Conduct, the creation of internal reporting channels and the provision of compliance education, the Company is ensuring management transparency and fairness and building a robust foundation to support sustainable growth.」
The Company continues its efforts to prevent recurrence and improve transparency through ethics initiatives, internal reporting and compliance education following the misconduct. - FY2023AdvancedAnnual report
「Following improper incidents identified in FY2022, including fraudulent claims for subsidies related to staff allocation, the Company has been working to establish a Code of Ethics Declaration, revise its Code of Conduct, expand its internal reporting channels, conduct company-wide compliance training, and revise its personnel evaluation system to emphasize compliance with laws and regulations. It operates its business based on the belief that pursuing fairness and integrity, security and trust, and thorough transparency is an essential prerequisite for sustainable growth.」
As measures taken following the misconduct, the Company has specifically disclosed its Code of Ethics Declaration, revisions to its Code of Conduct, expansion of internal reporting channels, company-wide training and revisions to its personnel evaluation system. - FY2022First statedAnnual report
「As a result, the Group has made payments of refunds and other amounts and taken measures to prevent recurrence. It also revamped its management structure to clarify responsibility, 2 directors resigned, and the Representative Director and President's compensation was reduced.」
Following the misconduct, the Company made payments of refunds and other amounts, implemented measures to prevent recurrence, revamped its management structure, accepted the resignations of 2 directors, and reduced the compensation of the Representative Director and President.