Rebuilding Internal Controls for the Financial Closing and Financial Reporting Processes
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual 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.」
As a response to deficiencies in internal controls identified in the previous fiscal year, the policy of promoting understanding among all officers and employees, establishing the internal framework, and evaluating effectiveness continues. - FY2021AdvancedAnnual 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.」
The response to deficiencies in internal controls has become more specific, moving from a policy of rebuilding the financial closing and financial reporting processes to strengthening operations, including promoting understanding among all officers and employees, establishing the necessary framework, and evaluating effectiveness. - FY2020First statedAnnual report
「The Group recognises the importance of a framework that ensures the reliability of financial reporting. It plans to rebuild the financial closing and financial reporting processes by reviewing them, actively using external experts and expanding and strengthening the skills of its accounting staff, and to make the internal controls over these processes effective in both design and operation as quickly as possible.」
Following the accounting auditor's identification of deficiencies in internal controls, a policy for the first specific rebuilding of the financial closing and financial reporting processes through review, use of external experts, and expansion and skills enhancement of the accounting staff was presented.