Management Framework under the Internal Audit, Compliance, and Risk Management Committees
First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2026.
Tokyo Board Industries moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2022: 3 of 27 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「This arose in connection with fraudulent conduct by an employee of a consolidated subsidiary.」
The document states that fraudulent conduct by an employee of a consolidated subsidiary occurred in connection with the previous internal audit, compliance and risk management framework, resulting in a ¥26.334 million loss related to the fraud. - FY2022RestatedAnnual report
「The Group has established Risk Management Regulations to address risks including compliance, reputational, operational and disaster risks, and regularly convenes the Risk Management Committee to identify risks across the Group and consider measures to prevent their occurrence.」
The management framework comprising the Risk Management Regulations, Risk Management Committee, Compliance Committee, Internal Audit Office and coordination among the three parties continues. - FY2021MitigatedAnnual report
「We will promote understanding of the importance of internal control among all officers and employees of the Company and its subsidiaries, establish an internal structure that enables the efficient operation of internal control over financial reporting, and appropriately assess its effectiveness.」
A remediation policy has been presented to address the deficiencies in internal control identified in the previous fiscal year by promoting understanding among all officers and employees, establishing an internal structure and assessing effectiveness. - FY2020WorsenedAnnual report
「In connection with the consolidated financial statements for the consolidated fiscal year ended, the Group received notification from its accounting auditor of deficiencies in internal control.」
In addition to the previous description of the internal audit, compliance and risk management framework, the document states that the accounting auditor identified deficiencies in internal control. - FY2019RestatedAnnual report
「The Group has established Risk Management Regulations to address risks including compliance, reputational, operational and disaster risks, and regularly convenes the Risk Management Committee to identify risks across the Group and consider measures to prevent their occurrence.」
In addition to the Risk Management Regulations, Risk Management Committee, Compliance Committee, Internal Audit Office and whistleblowing system, the document provides details of risk management including subsidiaries and an audit framework based on coordination among the three parties. - FY2018RestatedAnnual report
「The Group has established Risk Management Regulations to address risks including compliance, reputational, operational and disaster risks, and regularly convenes the Risk Management Committee to identify risks across the Group and consider measures to prevent their occurrence.」
The management framework comprising the Risk Management Regulations, Risk Management Committee, Compliance Committee, Internal Audit Office and whistleblowing system continues to be described. - FY2017RestatedAnnual report
「The Group has established Risk Management Regulations to address risks including compliance, reputational, operational and disaster risks, and regularly convenes the Risk Management Committee to identify risks across the Group and consider measures to prevent their occurrence.」
The Group-wide management framework comprising the Risk Management Regulations, Risk Management Committee, Compliance Committee, Internal Audit Office and whistleblowing system continues to be described. - FY2016First statedAnnual report
「The Group has established Risk Management Regulations to address risks including compliance, reputational, operational and disaster risks, and regularly convenes the Risk Management Committee to identify risks across the Group and consider measures to prevent their occurrence.」
An internal control framework comprising the Risk Management Regulations, Risk Management Committee, Compliance Committee, Internal Audit Office and whistleblowing system is described.