Inadequate internal management systems accompanying business expansion
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024AdvancedAnnual report
「For important matters that could affect the performance and management status of its subsidiaries, the company receives regular reports from the relevant subsidiaries and, as necessary, refers those matters to its Board of Directors for deliberation.」
Following the conversion of foufou into a subsidiary, the company expanded its internal control system to the group level through regular reporting by subsidiaries, group-wide crisis management, and internal audits and compliance training for subsidiaries. - FY2023RestatedAnnual report
「We will promote further enhancement of our internal control system by establishing a common understanding within the company of the importance of governance and strengthening our administrative and internal audit structures in line with future business expansion.」
The company has reiterated its policy of strengthening its administrative and internal audit structures in response to business expansion. - FY2022First statedAnnual report
「If the company cannot establish an internal control system in a timely manner to respond to the expansion and changes in its business, and corporate governance does not function effectively」
The company states that it will enhance its internal control system by strengthening the administrative and internal audit functions.