Internal Auditing and Internal Control Assessment by the Inspection Department
First written in FY2018. 3 of 9 entries say "Advanced", first in FY2020. Latest entry: FY2026.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「If the proposals on the partial amendment to the Articles of Incorporation and the election of 3 directors who are Audit & Supervisory Committee members are approved and adopted at the annual general meeting of shareholders scheduled for 23 June 2026, the company will transition to a company with an Audit & Supervisory Committee on the same date.」
While maintaining the audit and reporting framework of the Internal Audit Department, the company plans to change the parties responsible for coordinating audits and internal controls and the support structure in line with the planned transition from an Audit & Supervisory Board to an Audit & Supervisory Committee. - 2026-05-26AdvancedGeneral Meetings of Shareholders
「Regarding the results of internal audits, the company discloses the status of internal audits at internal audit reporting meetings comprising full-time directors and division heads, and submits internal audit reports to the president. Internal control evaluations are also reported to the Board of Directors as appropriate.」
The company describes in detail its procedures for internal audit reporting meetings, submitting reports to the president and reporting internal control evaluations to the Board of Directors. - FY2025Planned change in the number of Internal Audit Department members due to the appointment of a full-time Audit & Supervisory Board memberAnnual report
「For internal audits, the 3-member Internal Audit Department, which reports directly to the president, conducts internal audits based on the annual internal audit plan. If this proposal is approved and adopted and the individual is appointed as a full-time Audit & Supervisory Board member, the Internal Audit Department will have 2 members.」
The company specified that the Internal Audit Department had 3 members at the end of the fiscal year, but is expected to have 2 members if Emi Nitta (新田恵美) of the Internal Audit Department is appointed as a full-time Audit & Supervisory Board member. The submission of internal audit reports to the president, review meetings held by the executive meeting, and reporting of internal control assessments to the executive meeting and the Board of Directors will continue. - FY2024AdvancedAnnual report
「For internal audits, the 3-member Internal Audit Department, which reports directly to the president, conducts internal audits based on the annual internal audit plan. Internal audit reports are submitted to the president, and the status of internal audits is disclosed at internal audit review meetings comprising participants from the executive meeting. Internal control assessments are also reported to the executive meeting and the Board of Directors as appropriate.」
The Internal Audit Department reporting directly to the president increased from 2 to 3 members. The description covers the recipient of internal audit reports, review meetings held by the executive meeting, and reporting of internal control assessments to the executive meeting and the Board of Directors. - FY2022RestatedAnnual report
「For internal audits, the 2-member Internal Audit Department, which reports directly to the president, conducts internal audits based on the annual internal control assessment plan. The results are disclosed at internal audit review meetings comprising participants from the executive meeting, and internal audit reports are submitted to the president. Internal control assessments are also reported to the Board of Directors as appropriate.」
The framework of audits by the 2-member Internal Audit Department reporting directly to the president, internal audit review meetings, and reporting to the president and the Board of Directors continues. - FY2021ReframedAnnual report
「For internal audits, the 2-member Internal Audit Department, which reports directly to the president, conducts internal audits based on the annual internal control assessment plan. The results are disclosed at internal audit review meetings comprising participants from the executive meeting, and internal audit reports are submitted to the president. Internal control assessments are also reported to the Board of Directors as appropriate.」
The framework is described as audits by the 2-member Internal Audit Department reporting directly to the president, internal audit review meetings, and reporting to the president and the Board of Directors, replacing the previous description involving the Inspection Department. - FY2020AdvancedAnnual report
「For internal audits, the 5-member Inspection Department, which reports directly to the president, conducts inspections and other activities covering head office divisions and sales offices based on the annual inspection plan and internal control assessment plan. The results are disclosed at inspection review meetings comprising participants from the executive meeting, and inspection reports are submitted to the president. Internal control assessments are also reported to the Board of Directors as appropriate.」
The Inspection Department reporting directly to the president increased from 4 to 5 members, while inspections of head office divisions and sales offices, inspection review meetings, and reporting to the president and the Board of Directors continued. - FY2019RestatedAnnual report
「For internal audits, the 4-member Inspection Department, which reports directly to the president, conducts inspections and other activities covering head office divisions and sales offices based on the annual inspection plan and internal control assessment plan. The results are disclosed at inspection review meetings comprising participants from the executive meeting, and inspection reports are submitted to the president. Internal control assessments are also reported to the Board of Directors as appropriate.」
The internal audit framework of inspections of head office divisions and sales offices by the Inspection Department reporting directly to the president, inspection review meetings, and reporting to the president and the Board of Directors has been reaffirmed. - FY2018First statedAnnual report
「For internal audits, the Inspection Department, which reports directly to the president, conducts inspections and other activities covering head office divisions and sales offices based on the annual inspection plan and internal control assessment plan. The results are disclosed at inspection review meetings comprising participants from the executive meeting, and inspection reports are submitted to the president. Internal control assessments are also reported to the Board of Directors as appropriate.」
The internal audit framework consists of inspections of head office divisions and sales offices by the Inspection Department reporting directly to the president, inspection review meetings, and reporting to the president and the Board of Directors.