Establishing a risk management framework aligned with the business risk profile
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2023.
44 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The Risk Management Committee deliberates on (1) monitoring principal risks, (2) reviewing principal risks in light of changes in the business characteristics and risk profile of the group, and (3) considering necessary measures to address risks and verifying their implementation.」
The company explicitly described the Risk Management Committee's monitoring and review of principal risks, verification of countermeasures and reporting to the Board of Directors. It also described monitoring early warning signs of risks, including climate change risk, making the operating details more specific than the previous comprehensive management approach. - FY2020RestatedAnnual report
「The company identifies its principal risks as inventory risk, reputational risk, liquidity risk, business risk, operational risk and risks at group companies. It has established the necessary risk management framework and management methods, including reporting and monitoring systems, and manages risks both comprehensively and individually.」
The company continues to identify, assess and mitigate risks across the group, and describes a management framework covering the classification of principal risks, reporting and monitoring, and regular reviews. - FY2018RestatedAnnual report
「Based on the FPG Group Basic Risk Management Regulations, the company manages risk across the entire group, including its subsidiaries, and is working to establish and enhance risk management frameworks at its subsidiaries.」
The company describes the identification, assessment, management and mitigation of risks, as well as ongoing monitoring across the entire group, including its subsidiaries, as part of its continuing management framework. - FY2017RestatedAnnual report
「The company held meetings of the Compliance Committee to deliberate on compliance with laws, regulations and internal rules, and reviewed its compliance framework as necessary. Based on the Basic Risk Management Regulations, it also identified and assessed risks across the group, including its subsidiaries, and worked to manage and mitigate them.」
The company reported the holding of Compliance Committee meetings and the identification, assessment, management and mitigation of group-wide risks as its operating results for the year. - FY2016First statedAnnual report
「<Strengthening the organisational foundation> ・Formulation and execution of a new management strategy ・Establishment of a risk management framework aligned with the business risk profile ・Improvement and reinforcement of the information infrastructure」
As a measure to strengthen the organisational foundation under the new medium-term management plan, the company identified the establishment of a risk management framework tailored to the business's risk characteristics.