Development of the Internal Control, Compliance and Risk Management Framework
First written in FY2016. 4 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 15 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Based on the Basic Policy on the Development and Establishment of Internal Controls resolved by the Board of Directors on 26 May 2006 and the Basic Policy on the Establishment of an Internal Control System resolved by the Board on 23 May 2023, as revised on 7 November 2025, the company has resolved the following.」
The company states that it revised its Basic Policy on the Internal Control System on 7 November 2025. It continues to maintain the Risk Management Committee, 8 subcommittees, internal audit and its compliance framework. - FY2025SoftenedAnnual report
「For deliberation and approval concerning risk mitigation, the Risk Management Committee holds regular meetings, in principle, twice a year,」
The stated frequency of regular Risk Management Committee meetings has changed from 4 times a year to, in principle, twice a year. The framework for risk assessment, control activities, residual risk assessment and reporting to the Board of Directors continues. - FY2024RestatedAnnual report
「The company also recognises that, to strengthen the management oversight function and improve the soundness of management, self-assessments through the establishment of an internal control system and legal and regulatory compliance checks by internal audit are becoming increasingly important.」
The company continues to maintain its approach to oversight and management through internal controls, self-assessments, internal audit, compliance and the Risk Management Committee. - FY2023ReframedAnnual report
「At a meeting of the Board of Directors held on 26 May 2006, the company resolved the following Basic Policy on the Development and Establishment of Internal Controls. At a Board meeting held on 23 May 2023, the title was changed to Basic Policy on the Establishment of an Internal Control System.」
The title of the Basic Policy on Internal Controls was changed to Basic Policy on the Establishment of an Internal Control System. The framework involving internal controls, internal audit, the Risk Management Committee and its subcommittees continues. - FY2022RestatedAnnual report
「For deliberation and approval concerning risk mitigation, the Risk Management Committee holds regular meetings 4 times a year. It considers potential new risks and, for identified risks, deliberates and approves the assessment of inherent risks, the determination of control activities, the assessment of their effectiveness, the assessment of residual risks and the priority of risk responses, and reports the results to the Board of Directors as appropriate.」
The company continues to maintain a framework under which the Risk Management Committee meets 4 times a year to assess inherent risks, control activities, residual risks and response priorities. - FY2020AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 May 2006, the company resolved the following Basic Policy on the Development and Establishment of Internal Controls (partially revised at a Board meeting held on 29 June 2020).」
The company states that it partially revised its Basic Policy on Internal Controls at a Board of Directors meeting held on 29 June 2020. It also describes in detail a framework under which the Risk Management Committee meets 4 times a year to assess inherent risks, control activities and residual risks. - FY2019AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 May 2006, the company resolved the following Basic Policy on the Development and Establishment of Internal Controls (partially revised at a Board meeting held on 16 May 2019).」
The company states that it partially revised its Basic Policy on Internal Controls at a Board of Directors meeting held on 16 May 2019. - FY2018RestatedAnnual report
「For risks arising in business operations, the company has established a Risk Management Committee and 8 specialist subcommittees: the Management Risk Subcommittee, Labour and Occupational Health and Safety Subcommittee, Compliance Subcommittee, Disaster Prevention Risk Subcommittee, Environmental Risk Subcommittee, Quality Control Subcommittee, Information Systems Subcommittee, and Employment and Human Resources Risk Subcommittee.」
The company continues to maintain a framework for prevention, mitigation and remediation through internal controls, internal audit, compliance and the Risk Management Committee. - FY2017RestatedAnnual report
「The company also recognises that, to strengthen the management oversight function and improve the soundness of management, self-assessments through the establishment of an internal control system and legal and regulatory compliance checks by internal audit are becoming increasingly important.」
The company has reaffirmed its commitment to strengthening management oversight through internal controls, self-assessments, internal audit and compliance checks. - FY2016First statedAnnual report
「The company recognises that, to strengthen the management oversight function and improve the soundness of management, self-assessments through the establishment of an internal control system and legal and regulatory compliance checks by internal audit are becoming increasingly important.」
The company places emphasis on oversight, prevention and remediation through internal audit, the Compliance Subcommittee and the Risk Management Committee.