Strengthening Global Management, Accounting, Finance and Disclosure Infrastructure
First written in FY2016. 5 of 8 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 6 of 19 companies on the "Worse" side.
16 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The accounting functions of the business divisions and domestic group companies were placed under the supervision of our company's accounting function, and our company was also made responsible for personnel matters.」
The company separated the accounting and business management functions and introduced dual reporting lines for the CFO and head of accounting, eliminated the NIAP exception application process, and introduced quarterly reviews and compliance declarations. - FY2020-Q1AdvancedAnnual report
「NIDEC has applied IFRS 16, “Leases,” beginning with the current first-quarter consolidated accounting period.」
The company applied IFRS 16 beginning with the first quarter and recognized right-of-use assets of ¥25,211 million and lease liabilities of ¥25,618 million. It is making specific progress in developing global accounting and finance infrastructure. - FY2019AdvancedAnnual report
「In addition, as part of efforts to strengthen internal controls over financial reporting, we separated the Chief Performance Officer (CPO) and Chief Financial Officer (CFO) positions and newly established the Global Performance Management Department, with the aim of establishing a global CFO structure and strengthening the independence of the Accounting Department.」
The company implemented specific organizational measures for its global management control, accounting, finance and disclosure infrastructure, including separating the CPO and CFO positions and establishing the Global Performance Management Department. - FY2019-Q1AdvancedAnnual report
「NIDEC has applied the following standards beginning with the current first-quarter consolidated accounting period.」
Beginning with the first quarter, the company applied IFRS 15, “Revenue from Contracts with Customers,” and introduced the five-step approach to revenue recognition. - FY2018RestatedAnnual report
「As a global company, we will continue to further enhance the group's management control structure, accounting standards, financial position and management information disclosure structure in accordance with global standards.」
The company reaffirmed its efforts to strengthen global management control, accounting, finance and disclosure infrastructure. - FY2017RestatedAnnual report
「As a global company, we will continue to further enhance the group's management control structure, accounting standards, financial position and management information disclosure structure in accordance with global standards.」
The company reiterated in its annual report its efforts to strengthen global management control, accounting, finance and disclosure infrastructure. - FY2017-Q1AdvancedAnnual report
「NIDEC has applied IFRS beginning with the current consolidated fiscal year, from 1 April 2016 to 31 March 2017. The annual consolidated financial statements for the current consolidated fiscal year are the first consolidated financial statements prepared in accordance with IFRS, and the date of transition to IFRS is 1 April 2015.」
The company established group accounting policies and a framework for preparing IFRS-compliant financial statements, and moved to the implementation stage for global accounting and disclosure infrastructure. - FY2016First statedAnnual report
「We will continue to further enhance the group's management control structure, accounting standards, financial position and management information disclosure structure in accordance with global standards.」
As a global company, the company is developing the foundations for management control, accounting, finance and information disclosure.