Strengthening the management control system and corporate governance
First written in FY2019. 12 of 15 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「As of 27 May 2026, the Company's Board of Directors consists of 6 directors, 3 of whom are outside directors.」
The Board of Directors now comprises 6 members, including 3 outside directors. In addition, in light of the expansion of long-term ownership-type M&A, the Company expressly identifies strengthening group governance as an issue. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, there were no newly arising matters concerning business and other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes to the management control structure or corporate governance are described in this filing. - FY2024Audit continued after the audit firm's administrative sanctionAnnual report
「Taiyo Audit Corporation, the Company's accounting auditor, received an administrative sanction from the Financial Services Agency on 26 December 2023 suspending operations relating to the conclusion of new contracts for 3 months, from 1 January 2024 to 31 March of the same year. The Company decided to continue to have its audits conducted by the same auditor, having assessed its efforts to improve measures to prevent recurrence and its audit work for the Company as appropriate and rigorous.」
After disclosing the administrative sanction against its accounting auditor, the Company assessed the auditor's improvements to prevent recurrence and the performance of its audit work, and has continued its audit engagement. - FY2024AdvancedAnnual report
「The Company's Board of Directors consists of 4 directors, 2 of whom are outside directors.」
The Company discloses a structure comprising 4 directors, including 2 outside directors, including the appointment of an outside director in May 2023, thereby specifying its external oversight structure. - FY2023AdvancedAnnual report
「Fiscal year 8 (1 March 2022 to 28 February 2023): Taiyo Audit Corporation」
The accounting auditor changed from Ernst & Young ShinNihon LLC to Taiyo Audit Corporation, and the Company discloses governance operations including coordination among the Audit & Supervisory Board, internal audit and the accounting auditor. - FY2022AdvancedAnnual report
「The Company has established a Nomination and Compensation Committee in which independent outside directors constitute a majority.」
The Company specifically discloses its management control structure, including the establishment of the Nomination and Compensation Committee, the executive officer system, coordination among internal audit, the Audit & Supervisory Board and the accounting auditor, and the operation of internal controls including those at subsidiaries. - FY2022-Q2AdvancedAnnual report
「The Company has worked to establish and strengthen its internal management structure with the aim of making its VC fund business its principal business.」
The Company has advanced the establishment and strengthening of its internal management structure to operate the VC fund business as its principal business, reaching the stage of disclosing it as an independent reportable segment. - FY2021AdvancedAnnual report
「• Status of establishing an internal control framework for the corporate group in response to the increase in subsidiaries」
In response to the increase in subsidiaries, the Company expressly identifies the status of establishing an internal control framework for the corporate group as a key matter considered by the Audit & Supervisory Board. - FY2020AdvancedAnnual report
「Accordingly, we will strengthen the business execution structure by recruiting and developing outstanding personnel, strengthen and maintain systems that enable corporate governance to function effectively, ensure the appropriate operation of internal control systems to secure the propriety of business operations and the reliability of financial reporting, and thoroughly enforce compliance with laws and regulations based on sound ethical principles.」
The Company discloses specific operations of its management structure and group internal controls, including internal audits, the Audit & Supervisory Board, risk management regulations, the internal whistleblowing system and subsidiary management. - FY2020-Q2AdvancedAnnual report
「August 2019: Appointed as a director of the Company (incumbent)」
Ryosuke Ikeda (池田良介) was appointed as an outside director, resulting in a specific change in the board composition. - FY2019First statedAnnual report
「We recognise that further enhancement and strengthening of the management control structure in line with business growth and expansion is an issue in achieving sustainable growth. We believe that proactive initiatives in corporate governance are essential to becoming a company trusted by shareholders and other stakeholders.」
This includes recruiting and developing personnel, internal control, compliance with laws and regulations, and strengthening the audit and risk management frameworks.