Internal Control and Communication Risks in Multinational Organizations
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Updated workforce and site structure following the change in the scope of consolidationAnnual report
「The Japanese parent company has ６ employees and the overseas consolidated subsidiaries have 268. As a manufacturing company, we place the highest priority on our production sites, and ２ of the ７ directors of the Japanese parent company are stationed in South Korea.」
Following the exclusion of WCP from consolidation, the 274 consolidated employees comprise 6 at the Japanese parent company and 268 at overseas consolidated subsidiaries, updating the multinational organization structure centered on South Korea. - FY2025Updated organizational structure following the change in the scope of consolidationAnnual report
「The Group plans to increase its workforce and further strengthen its internal control systems as the business expands, while enhancing communication across the Group as it operates in multiple countries. However, if it is unable to secure the necessary personnel, fails to respond appropriately and sufficiently to strengthen its internal control systems, or is unable to communicate promptly across the Group due to disruptions to communication channels between countries, its governance may cease to function effectively, which could affect the execution of operations and business expansion.」
Following the change in the scope of consolidation, the consolidated subsidiaries are WSK and the Hong Kong subsidiary, and the consolidated workforce is 314. The disclosure of internal control and communication risks associated with the multinational organization continues. - FY2022Updated Group workforce and site structureAnnual report
「The Japanese parent company has 16 officers and employees, the Korean subsidiary has 1,388, the Chinese subsidiary has ５, and the Hungarian subsidiary has １. As a manufacturing company, we place the highest priority on our production sites, and ２ of the ７ directors of the Japanese parent company are stationed in South Korea.」
The disclosure describes the workforce deployment across Japan, South Korea, China and Hungary, including ２ of the 7 directors stationed in South Korea, updating the structure of the multinational organization. - FY2021Updated Group workforce and site structureAnnual report
「The Japanese parent company has 18 officers and employees, the Korean subsidiary has 1,316, and the Chinese subsidiary has ５. As a manufacturing company, we place the highest priority on our production sites, and ２ of the ５ directors of the Japanese parent company are stationed in South Korea.」
The breakdown of the 1,321 employees, their deployment across the Japanese parent company, South Korea and China, and the directors stationed in South Korea were disclosed, updating the structure of the multinational organization. - FY2019RestatedAnnual report
「The Group plans to increase its workforce and further strengthen its internal control systems as the business expands, while enhancing communication across the Group as it operates in multiple countries. However, if it is unable to secure the necessary personnel, fails to respond appropriately and sufficiently to strengthen its internal control systems, or is unable to communicate promptly across the Group due to disruptions to communication channels between countries, its governance may cease to function effectively.」
Against the backdrop of the organization expanding to 1,046 employees, the disclosure continues to address governance risks relating to staffing, internal controls and international communication, as well as the policy for addressing them. - FY2018RestatedAnnual report
「If the Group is unable to secure the necessary personnel, fails to respond appropriately and sufficiently to strengthen its internal control systems, or is unable to communicate promptly across the Group due to disruptions to communication channels between countries, its governance may cease to function effectively, which could affect the execution of operations and business expansion.」
Governance risks relating to staffing, internal controls and international communication across the organization spanning Japan, South Korea and China continue to be disclosed. - FY2017RestatedAnnual report
「If the Group is unable to secure the necessary personnel, fails to respond appropriately and sufficiently to strengthen its internal control systems, or is unable to communicate promptly across the Group due to disruptions to communication channels between countries, its governance may cease to function effectively, which could affect the execution of operations and business expansion.」
The disclosure continues to describe governance risks arising from deficiencies in staffing, internal controls and international communication across the organization spanning Japan, South Korea and China. - FY2016First statedAnnual report
「If the Group is unable to secure the necessary personnel, fails to respond appropriately and sufficiently to strengthen its internal control systems, or is unable to communicate promptly across the Group due to disruptions to communication channels between countries, its governance may cease to function effectively, which could affect the execution of operations and business expansion.」
The disclosure describes the risk of inadequate internal control systems and international communication across the organization spanning the Japanese parent company and its Korean and Chinese subsidiaries.