Strengthening Controls through the Compliance Committee and Internal Audit
First written in FY2016. 4 of 5 entries say "Advanced", first in FY2019. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「The Internal Audit Office is responsible for internal audits and comprised 3 people as of the date of filing this document. Its specific duties include investigating the actual state of our group's business operations and asset management in accordance with the Internal Audit Regulations, reporting the results directly to the president, the Board of Directors once every 3 months and the Board of Corporate Auditors once every 2 months, and providing appropriate guidance. Internal audits are conducted to safeguard company assets, improve management efficiency and prevent fraud, accidents and other incidents before they occur.」
The operation of internal audits by 3 people in the Internal Audit Office, with reports to the Board of Directors every 3 months and the Board of Corporate Auditors every 2 months, was detailed. - FY2024AdvancedAnnual report
「During the most recent 1-year period, the Internal Audit Office prepared an annual audit plan and, based on that plan, conducted operational audits of our company and its subsidiaries. For matters identified in the audits, we recommended that the relevant departments make improvements and required them to submit a “Response to Corrective Measures.” At the next internal audit, we check the implementation status of the improvements described in the response, thereby ensuring that corrective measures are implemented and working to prevent recurrence.」
The disclosure detailed the Internal Audit Office's follow-up process of auditing our company and subsidiaries, obtaining submissions of responses to corrective measures and checking improvement status at the next audit. - FY2023AdvancedAnnual report
「During the most recent 1-year period, the Internal Audit Office prepared notices of internal audit execution and, based on them, conducted operational audits covering all departments, including our subsidiaries. For matters identified in the audits, we recommended that the relevant departments make improvements and required them to submit a “Response to Internal Audit Improvement Requirements.” At the next internal audit, we check the implementation status of the improvements described in the response, thereby ensuring that corrective measures are implemented and working to prevent recurrence.」
The disclosure specified that the Internal Audit Office operates with 4 people and conducts company-wide and subsidiary audits, issues improvement requirements, obtains written responses and follows up at the next audit. - FY2019AdvancedAnnual report
「During the most recent 1-year period, the Corporate Planning Department prepared an internal audit plan and, based on that plan, conducted operational audits covering all departments, including our subsidiaries. For matters identified in the audits, we recommended that the relevant departments make improvements and required them to submit a “Response to Internal Audit Improvement Requirements.” At the next internal audit, we check the implementation status of the improvements described in the response, thereby ensuring that corrective measures are implemented and working to prevent recurrence.」
The operation of internal audits was detailed, from company-wide and subsidiary audits by the Corporate Planning Department through improvement requirements and follow-up at the next audit. - FY2016First statedAnnual report
「As an advisory body to the Board of Directors, we have established a Compliance Committee comprising at least 2 directors, at least 1 corporate auditor, the heads of the General Affairs and Business Operations divisions, and persons approved by the Board of Directors. The committee holds regular meetings once every 6 months and extraordinary meetings as necessary, thereby strengthening the compliance framework of our group.」
The composition of the Compliance Committee and regular meetings every 6 months were specified to strengthen legal compliance and the operation of internal controls.