Establishment and Operation of a Group Internal Control System
First written in FY2016. 7 of 10 entries say "Advanced", first in FY2017. Latest entry: FY2026.
80 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We have established a system under which Group companies submit applications and reports to us concerning budgets, capital expenditure, risk management, compliance status and other matters. In fiscal 2025, as part of efforts to strengthen compliance with laws and regulations and prevent misconduct across the Group, we are strengthening risk management and governance by distributing cards to all employees listing reporting channels and examples of reports, and by establishing a new reporting channel for our suppliers, in order to further improve the effectiveness of our internal whistleblowing system.」
Strengthened the Group's internal control and whistleblowing framework by distributing cards listing reporting channels to all employees and establishing a new reporting channel for suppliers. - FY2025AdvancedAnnual report
「In fiscal 2024, as part of efforts to strengthen compliance with laws and regulations and measures to prevent misconduct across the Group, we sought to improve the risk management framework by checking how the internal whistleblowing systems of each Group company were being used.」
Checked the use of internal whistleblowing systems at each Group company and advanced measures to strengthen compliance, misconduct prevention and the risk management framework. - FY2024AdvancedAnnual report
「In fiscal 2023, we checked the development and operation of internal controls designed to ensure the reliability of the Group's financial reporting, and recommended and guided measures to strengthen the framework for early detection and remediation of deficiencies. We also proceeded with preparations for the revised Internal Control Reporting System, which will take effect on 1 April 2024.」
Advanced checks on internal controls over financial reporting, guidance on the early detection and remediation of deficiencies, and preparations for the revised Internal Control Reporting System. - FY2021AdvancedAnnual report
「We have established a system under which Group companies submit applications and reports to us concerning budgets, capital expenditure, risk management, compliance status and other matters. In fiscal 2020, we surveyed the operation of internal whistleblowing systems at overseas Group companies and reviewed those systems, further strengthening the internal management frameworks of Group companies.」
Surveyed the operation of internal whistleblowing systems at overseas Group companies and reviewed the systems. Continued to strengthen the monitoring framework following overdue accounts receivable at the UK subsidiary. - FY2020AdvancedAnnual report
「In April 2020, we established a Compliance Center as part of measures to prevent the recurrence of the issue of overdue accounts receivable at Daido Metal Europe LTD. This integrated our internal control and governance functions, thereby strengthening and reinforcing the Group's global governance and global compliance frameworks.」
Following accounting errors at a UK subsidiary, a Compliance Center was established, moving toward an integrated framework for internal control and governance. - FY2020-Q3RestatedAnnual report
「The Group recognizes the importance of internal controls over financial reporting and will implement the following improvements to ensure the proper operation of internal controls and prevent recurrence.」
Following accounting errors at a UK subsidiary, the company continues to describe measures to prevent recurrence, including clearing accounts receivable, customer credit management through monthly meetings, and strengthening the monitoring framework. - FY2020-Q1Discovery of accounting errors and measures to prevent recurrenceAnnual report
「The Group recognizes the importance of internal controls over financial reporting and will implement the following improvements to ensure the proper operation of internal controls and prevent recurrence.」
Following accounting errors at a UK subsidiary, the company presented specific improvement measures, including proper clearing of accounts receivable, customer credit management through monthly meetings, and strengthening the monitoring framework for the subsidiary. - FY2018AdvancedAnnual report
「An Internal Control Promotion Center was established within the Compliance Unit to develop and operate the internal control system relating to financial reporting and to develop and enhance the corporate governance framework.」
Established an Internal Control Promotion Center, clarifying the organizational structure responsible for developing and operating internal controls over financial reporting and the corporate governance framework. - FY2017AdvancedAnnual report
「The Compliance Unit and the Corporate Planning Center are designated as the departments responsible for the Group's internal control system, and the development and operation of internal control systems at Group companies are also being promoted.」
Describes the dissemination of internal control policies to Group companies, monthly reporting, and the operation of application and reporting systems for budgets, capital expenditure, risk management and other matters. - FY2016First statedAnnual report
「The Compliance Unit and the Corporate Planning Center are designated as the departments responsible for the Group's internal control system, and the development and operation of internal control systems at Group companies are also being promoted.」
Specifies the department responsible for internal control across domestic and overseas Group companies, as well as the operating policy.