Investigations, Organizational Restructuring, and Employee Training in Response to Inappropriate Accounting Practices
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As stipulated in the measures to prevent recurrence following the series of misconduct by former employees and others discovered in November 2021, the entire Company is working on various initiatives, including strengthening compliance awareness among management and employees.」
The Company continues to implement measures to prevent recurrence following misconduct by former employees and others, strengthen compliance awareness and reinforce its internal management framework. - FY2022Scope expanded from responding to accounting fraud to strengthening compliance, including misconduct by former employeesAnnual report
「The Group takes seriously the misconduct by former employees discovered in November 2021, and will implement measures to prevent recurrence while thoroughly reinforcing compliance awareness and further strengthening its internal management framework.」
In addition to addressing the previous improper accounting, the scope of measures was expanded to preventing recurrence following misconduct by former employees and strengthening compliance awareness and the internal management framework. - FY2020RestatedAnnual report
「The Group will strengthen internal controls to prevent improper accounting, while promoting employee training and the development of a compliance framework to ensure thorough legal compliance.」
The Company continues to strengthen internal controls, provide employee training and develop its compliance framework following the improper accounting. - FY2018RestatedAnnual report
「The Group will strengthen internal controls to prevent improper accounting, while promoting employee training and the development of a compliance framework to ensure thorough legal compliance.」
The Company reiterates its policy of continuing to strengthen internal controls, provide employee training and develop its compliance framework following the improper accounting. - FY2017First statedAnnual report
「The Company conducted an investigation through an in-house investigation team that included external experts, examining the motives and facts relating to the improper accounting, the amount of its impact on the Company's consolidated financial statements and measures to prevent recurrence. In October 2016, the Company issued an investigation report, and in November 2016 implemented improvements including organisational restructuring and personnel changes as part of its measures to prevent recurrence. It also promoted employee training and the development of a compliance framework to ensure thorough legal compliance, and continues to implement measures to prevent recurrence.」
The Company implemented investigations including external experts, an investigation report, organisational restructuring and personnel changes, employee training, and development of a compliance framework as measures to prevent recurrence.