Risk of Delays in Internal Management Systems Relative to Business Expansion
First written in FY2021. 1 of 3 entries say "Mitigated", first in FY2022. Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Company considers it essential to further enhance its internal control systems in order to achieve additional business expansion. However, if the development of its internal control systems fails to keep pace with business expansion, appropriate business operations may become difficult, which may affect its operating results and financial condition.」
The risk that internal control systems may fail to keep pace with business expansion and the need to strengthen those systems continue to be described. - FY2022MitigatedAnnual report
「The Company has established an internal audit department reporting directly to the President and conducts internal audits in accordance with its internal audit regulations.」
To address the risk that its internal control systems may fail to keep pace with business expansion, the Company has established an internal audit department reporting directly to the President, internal controls, and a risk management framework. - FY2021First statedAnnual report
「The Company considers it essential to further enhance its internal control systems in order to achieve additional business expansion. However, if the development of its internal control systems fails to keep pace with business expansion, appropriate business operations may become difficult, which may affect its operating results and financial condition.」
The Company identifies the operational risk that may arise if the development of its internal control systems fails to keep pace with business expansion.