Compliance risks in Japan and overseas
First written in FY2018. 2 of 5 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2025: 6 of 38 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Based on the findings and recommendations of the special investigation committee's investigation report, the Group has formulated measures to prevent recurrence and is working to establish effective corporate governance and strengthen compliance, including strengthening group controls and management systems and thoroughly implementing compliance education.」
Following inappropriate conduct by a subsidiary in prior years, the Group is advancing measures to prevent recurrence based on the findings and recommendations of the special investigation committee, as well as strengthening group controls and management systems and compliance education. - FY2024MaterialisedAnnual report
「It was confirmed that the then representative director of Ｍ’ｓエージェンシー placed advertising orders without orders from the Company and, after struggling to make the payments, resorted to clearly fraudulent measures, including concealing, altering and fabricating invoices as a temporary expedient.」
A special investigation committee confirmed the concealment, alteration and fabrication of invoices relating to advertising orders at a domestic subsidiary, and the potential risks concerning compliance and social credibility materialized. - FY2022RestatedAnnual report
「The Group recognizes compliance with laws and regulations as an extremely important corporate responsibility and is working to ensure thorough compliance.」
The Group continues its policy of ensuring compliance with the diverse laws and regulations applicable in Japan and overseas. - FY2019-Q3MaterialisedAnnual report
「It was discovered that inappropriate sales transactions and accounting practices had been carried out in transactions relating to the cross-border e-commerce business for China within the Group's Global Brand Business Division.」
The potential risks relating to compliance with domestic and overseas laws and regulations materialized as inappropriate sales practices and accounting treatment in cross-border e-commerce transactions for China. - FY2018First statedAnnual report
「Because the Group handles a wide range of products in Japan and overseas, the relevant laws and regulations are extensive. Specifically, these include the Companies Act, tax laws, various industry-specific laws, the Antimonopoly Act, intellectual property laws, the Subcontract Act, the Act against Unjustifiable Premiums and Misleading Representations, the Basic Act on Consumer Policies, laws relating to electronic commerce, the Specified Commercial Transactions Act and various laws and regulations of the countries in which the Group operates overseas.」
The Group identifies violations of domestic and overseas laws and regulations, misconduct, and damage to social credibility and brand value associated with its diverse products and overseas operations as risks.