Preventing Recurrence of Improper Accounting and Restoring Corporate Ethics and Transparency
First written in FY2018. 5 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 1 of 8 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company established the “Faltec Group Code of Conduct” and will promote compliance with laws, regulations and internal rules by everyone belonging to the company and its group.」
The company continues its system for corporate ethics and recurrence prevention, combining the group code of conduct, internal audits, whistleblowing, and risk management and compliance committees. - FY2024RestatedAnnual report
「The company established the “Faltec Group Code of Conduct” and will promote compliance with laws, regulations and internal rules by everyone belonging to the company and its group.」
The company continues its system for corporate ethics and recurrence prevention, combining the group code of conduct, internal audits, whistleblowing, and risk management and compliance committees. - FY2022RestatedAnnual report
「The company established the “Faltec Group Code of Conduct” and will promote compliance with laws, regulations and internal rules by everyone belonging to the company and its group.」
The company continues its system for corporate ethics and recurrence prevention, combining the group code of conduct, internal audits, whistleblowing, and risk management and compliance committees. - FY2021RestatedAnnual report
「The company established the “Faltec Group Code of Conduct” and will promote compliance with laws, regulations and internal rules by everyone belonging to the company and its group.」
The company continues its system for preventing recurrence and promoting corporate ethics, combining the group code of conduct, internal audits, whistleblowing, and risk management and compliance committees. - FY2019RestatedAnnual report
「The group continues to implement measures to prevent a recurrence of the inappropriate accounting practices identified in the previous fiscal year, as well as」
In addition to continuing to implement recurrence-prevention measures, the company describes its systems for risk management committees, a compliance committee, internal audits and whistleblowing. - FY2018First statedAnnual report
「Regarding the inappropriate accounting, the company conducted an investigation through a team of external experts with no interests in the company. The investigation clarified the motives and facts surrounding the inappropriate accounting, among other matters, and on 23 March 2018 the company formulated and announced measures to prevent a recurrence.」
The company describes an investigation by external experts, the formulation and announcement of recurrence-prevention measures, cooperation with TPR CO.,LTD., enhancement of group corporate governance, and thorough legal and regulatory compliance as specific responses.