Strengthening Internal Controls, Risk Management and Regulatory Compliance
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Group Internal Audit Office has been established with 4 members, including its head.」
The internal control and risk-management framework has been made more specific, including audits by the Group Internal Audit Office of each department, subsidiary, store and distribution center, follow-up on improvement plans, and reporting to the Board of Directors. - FY2022RestatedAnnual report
「The Group Compliance Committee is composed of members from across the organization and, in principle, meets once every 3 months. It shares information on violations reported through the whistleblower hotline or by the officer responsible for compliance, recommends measures to prevent the recurrence of compliance violations, formulates corporate rules, supervises the exclusion of transactions with antisocial forces and other parties, considers important issues relating to compliance-based management, and makes recommendations to the Board of Directors concerning the operation of the company.」
The company continues to operate its internal control framework through the Group-wide compliance and risk management committees. - FY2021AdvancedAnnual report
「The company regards ensuring rigorous business ethics and legal compliance, and developing and strengthening its internal control systems and risk-management framework, as fundamental to corporate governance.」
The company has specifically described the operating framework for internal controls and risk management under the holding-company structure, including the Group Compliance Committee, Group Risk Management Committee and Group Internal Audit Office. - FY2020First statedAnnual report
「The company regards the development and strengthening of its internal control systems and risk-management framework as fundamental to corporate governance.」
The company states that business ethics and legal compliance, internal controls, and the development and strengthening of its risk-management framework are fundamental governance policies.