Establishing the Internal Control Framework Enhancement Committee as a Standing Committee and Verification by External Experts
First written in FY2016. 11 of 16 entries say "Restated". Latest entry: 2026-08-21.
- FY2026RestatedAnnual report
「The Committee for Strengthening the Internal Control System has invited external experts with no interest in the Company, namely 1 attorney and 1 certified public accountant, to serve as external committee members. From an objective third-party perspective, they deliberate on and review the status of management risk and compliance controls and the substance of contracts for individual transactions, and the results are reported to the Board of Directors each time.」
The Company continues to have the Committee for Strengthening the Internal Control System, including external attorneys and certified public accountants, conduct reviews and report to the Board of Directors. - FY2025RestatedAnnual report
「The Committee for Strengthening the Internal Control System has invited external experts with no interest in the Company, namely 1 attorney and 1 certified public accountant, to serve as external committee members. From an objective third-party perspective, they deliberate on and review the status of management risk and compliance controls and the substance of contracts for individual transactions, and the results are reported to the Board of Directors each time.」
The Company continues to have the Committee for Strengthening the Internal Control System, including external attorneys and certified public accountants, deliberate on and review matters and report to the Board of Directors. - FY2024RestatedAnnual report
「The Committee for Strengthening the Internal Control System has invited external experts with no interest in the Company, namely 1 attorney and 1 certified public accountant, to serve as external committee members. From an objective third-party perspective, they deliberate on and review the status of management risk and compliance controls and the substance of contracts for individual transactions, and the results are reported to the Board of Directors each time.」
The Company continues to have a committee including external attorneys and certified public accountants deliberate on and review matters and report to the Board of Directors. - FY2024-Q1AdvancedAnnual report
「In view of the fact that this loan constituted a related-party transaction involving a conflict of interest, the Company conducted a thorough prior review by the Committee for Strengthening the Internal Control System of the necessity of the loan, the appropriateness of the transaction terms and the likelihood of recovery. In addition, based on the committee's review, the extraordinary meeting of the Board of Directors carefully considered and deliberated on the matter, resolved to approve the loan and proceeded with its execution.」
A specific example was presented in which the ¥1.1 billion loan to カタリスト株式会社, including the extension of its repayment deadline, was executed following a prior review by the Committee for Strengthening the Internal Control System and deliberation and approval by an extraordinary meeting of the Board of Directors. - FY2023-Q1AdvancedAnnual report
「In view of the fact that this loan constituted a related-party transaction involving a conflict of interest, the Company conducted a thorough prior review by the Committee for Strengthening the Internal Control System of the necessity of the loan, the appropriateness of the transaction terms and the likelihood of recovery. In addition, based on the committee's review, the extraordinary meeting of the Board of Directors carefully considered and deliberated on the matter, resolved to approve the loan and proceeded with its execution.」
A specific example was presented in which the ¥1.1 billion related-party loan to カタリスト株式会社, headed by the Company's representative director, was executed following a prior review by the Committee for Strengthening the Internal Control System and deliberation and approval by an extraordinary meeting of the Board of Directors. - FY2022RestatedAnnual report
「The Committee for Strengthening the Internal Control System has invited external experts with no interest in the Company, namely 1 attorney and 1 certified public accountant, to serve as external committee members. From an objective third-party perspective, they deliberate on and review the status of management risk and compliance controls and the substance of contracts for individual transactions, and the results are reported to the Board of Directors each time.」
The Company continues to have the Committee for Strengthening the Internal Control System, including external attorneys and certified public accountants, deliberate on and review matters and report to the Board of Directors. - FY2021RestatedAnnual report
「The Committee for Strengthening the Internal Control System has invited external experts with no interest in the Company, namely 1 attorney and 1 certified public accountant, to serve as external committee members. From an objective third-party perspective, they deliberate on and review the status of management risk and compliance controls and the substance of contracts for individual transactions, and the results are reported to the Board of Directors each time.」
The Company continues to have a committee including external attorneys and certified public accountants deliberate on and review matters and report to the Board of Directors. - FY2020RestatedAnnual report
「The Committee for Strengthening the Internal Control System has invited external experts with no interest in the Company, namely 1 attorney and 1 certified public accountant, to serve as external committee members. From an objective third-party perspective, they deliberate on and review the status of management risk and compliance controls and the substance of contracts for individual transactions, and the results are reported to the Board of Directors each time.」
The Company continues to have a committee including external attorneys and certified public accountants deliberate on and review matters and report to the Board of Directors. - FY2019RestatedAnnual report
「The Committee for Strengthening the Internal Control System has invited external experts with no interest in the Company, namely 1 attorney and 1 certified public accountant, to serve as external committee members. From an objective third-party perspective, they deliberate on and review the status of management risk and compliance controls and the substance of contracts for individual transactions, and the results are reported to the Board of Directors each time.」
The Company continues to have the Committee for Strengthening the Internal Control System, including external attorneys and certified public accountants, deliberate on and review matters and report to the Board of Directors. - FY2017RestatedAnnual report
「The Committee for Strengthening the Internal Control System has invited external experts with no interest in the Company, namely 1 attorney and 1 certified public accountant, to serve as external committee members. From an objective third-party perspective, they deliberate on and review the status of management risk and compliance controls and the substance of contracts for individual transactions, and the results are reported to the Board of Directors each time.」
The Company continues to operate a system under which a committee including external attorneys and certified public accountants meets at least once a month, reviews transactions, risks and compliance, and reports to the Board of Directors. - FY2017-Q2AdvancedAnnual report
「In view of the fact that this loan constituted a related-party transaction involving a conflict of interest, the Company conducted a thorough prior review by the Committee for Strengthening the Internal Control System of the necessity of the loan, the appropriateness of the transaction terms, the adequacy of the collateral and the likelihood of recovery. In addition, based on the committee's review, the Board of Directors carefully considered and deliberated on the matter, resolved to approve the loan and proceeded with its execution.」
A specific case was presented in which the permanent Committee for Strengthening the Internal Control System conducted a prior review of a loan to the representative director and president that constituted a related-party transaction involving a conflict of interest, covering its necessity, terms, collateral and likelihood of recovery, after which the Board of Directors deliberated and passed a resolution based on that review. - FY2016First statedAnnual report
「In July 2014, the Company decided to establish the Transaction Approval Committee, later renamed the Committee for Strengthening the Internal Control System. Beginning with its first meeting on 18 September 2014, the committee has met at least once a month.」
A system under which external committee members who are attorneys and certified public accountants conduct monthly reviews covering approval of new business partners, the substance of contracts, management risks and compliance.