Risk of administrative sanctions for violations of laws, licenses, permits, or regulations
First written in FY2017. 3 of 7 entries say "Restated". Latest entry: FY2023.
Shimadzu moved to the "Worse" side of this theme in 2021, 5 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 4 of 13 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Group ensures the effectiveness of compliance by working to prevent compliance issues through education and awareness activities, including group training and e-learning, to disseminate and instill the provisions of the relevant regulations; monitoring compliance with the laws and regulations described above in a timely manner; and establishing consultation and whistleblowing channels both inside and outside the company, along with a reporting system for when issues arise.」
Measures addressing the risk of violations of laws and regulations continue through training, monitoring, consultation and reporting channels, and reporting systems. - FY2023-Q3RestatedAnnual report
「Regarding 5 inappropriate acts concerning the maintenance and inspection of X-ray equipment at medical institutions in Kumamoto Prefecture identified at Shimadzu Medical Systems Corporation, a subsidiary engaged in the sale and maintenance of medical equipment products, the Company took the matter seriously and, effective 1 September 2022, established an external investigation committee comprising outside experts and commissioned it to conduct an objective and thorough investigation and recommend measures to prevent recurrence.」
The 5 cases of improper conduct involving the inspection and maintenance of X-ray equipment in Kumamoto Prefecture, along with the investigation by the external investigation committee and its consideration of measures to prevent recurrence, continue to be reported. - FY2023-Q2MaterialisedAnnual report
「It has also been found that 5 cases of improper conduct occurred during the inspection and maintenance of X-ray equipment at medical institutions in Kumamoto Prefecture by Shimadzu Medical Systems Corporation, a subsidiary engaged in the sale and maintenance of medical equipment products, among other activities.」
In connection with legal and compliance risks, 5 improper acts were identified during the maintenance and inspection of X-ray equipment in Kumamoto Prefecture. The main text does not state that any administrative action or other measure was taken. - FY2021ReframedAnnual report
「The company is subject to various domestic and overseas laws and regulations, including trade control regulations, anti-bribery laws and regulations, and antitrust laws and regulations, as well as government licensing and regulatory requirements, and is working to ensure compliance.」
Specific areas covered by legal and regulatory risks are identified, including export control and security trade management, anti-bribery measures and antitrust laws and regulations. - FY2020RestatedAnnual report
「The Group ensures the effectiveness of compliance by working to prevent compliance issues through education and awareness activities, including group training and e-learning, to disseminate and instill the provisions of the relevant regulations; monitoring compliance with the laws and regulations described above in a timely manner; and establishing consultation and whistleblowing channels both inside and outside the company, along with a reporting system for when issues arise.」
The Company continues to present measures addressing the risk of violations of laws and regulations through training, monitoring, consultation and reporting channels, and reporting systems. - FY2018-Q1MaterialisedAnnual report
「The company was subject to a 3.5-month suspension from designated bidding by the Ministry of Defense beginning 9 June 2017 due to improper conduct in repair contracts with the Ministry of Defense in its aircraft equipment business.」
Regarding risks associated with deficiencies in legal and compliance procedures, specific incidents have occurred involving improper conduct under a repair contract with the Ministry of Defense and a 3.5-month suspension from designation. - FY2017First statedAnnual report
「If our understanding of laws and regulations is inadequate or we fail to respond appropriately to unexpected changes, we may be found to have violated applicable laws, resulting in losses from fines or administrative penalties, business suspensions, or other sanctions that could affect the Group’s operating results and financial position.」
First systematic description of the risks of inadequate compliance with domestic and overseas laws, permits, and regulations, including fines, administrative penalties, and business suspension.