Delays in Developing the Internal Management System in Response to Business Expansion
First written in FY2022. 1 of 3 entries say "Mitigated", first in FY2023. Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Group recognizes the need to further enhance its internal control framework to support its future business operations and expansion.」
Continues to identify delays in establishing the internal control framework as a risk associated with business expansion. - FY2023MitigatedAnnual report
「Through the Board of Directors and other internal meetings, including the Management Committee, Risk Management Committee and Compliance Committee, the Group discusses the identification of risks and the prioritization of risks requiring attention, and reflects the results in its management strategies and plans.」
While retaining the risk of delays in establishing the internal control framework as the business expands, the Group has specified risk identification by the Board of Directors, Management Committee and various committees, and the reflection of these risks in its plans. - FY2022First statedAnnual report
「The Group recognizes the need to further enhance its internal control framework to support its future business operations and expansion. The Group plans to enhance and strengthen its internal control framework in line with the expansion of its business scale, but any delay in establishing an internal control framework appropriate to the scale of the business could affect the Group's financial condition and operating results.」
While planning to enhance and strengthen the internal control framework in line with business expansion, the Group identifies delays in implementation as a risk.