Risk management framework emphasizing transparency
First written in FY2017. 4 of 8 entries say "Restated". Latest entry: FY2025.
- FY2025AdvancedAnnual report
「The Health and Safety Committee and the RA (risk assessment) Promotion Subcommittee assess general risks, including climate change and environmental matters, in cooperation with the relevant departments, and report to the Board of Directors.」
In addition to oversight by the Internal Audit Office and Internal Control Office, the company specifically describes the operation under which the Health and Safety Committee and RA Promotion Subcommittee assess environmental and other risks, including climate change, and report to the Board of Directors. - FY2024Consideration of a structure for overseeing sustainability-related risks and establishing a committeeAnnual report
「Specifically, the company has established an Internal Audit Office to conduct audits from a risk management perspective, while the Internal Control Office centrally manages the assessment and prioritization of management risks. The Internal Audit Office and Internal Control Office also handle sustainability-related activities concurrently with their other duties, and the company is considering establishing an independent organization, including a committee chaired by the Representative Director and President, as a future issue.」
The Internal Audit Office and Internal Control Office concurrently handle sustainability-related activities and centrally oversee the assessment and prioritization of management risks. The company also identifies establishment of an independent organization or committee chaired by the Representative Director and President as an issue for consideration. - FY2023RestatedAnnual report
「To comprehensively manage company-wide risks, the company has established Management Risk Management Regulations, and the President is responsible for establishing and maintaining the management risk management system. The President directs the Internal Audit and Internal Control Office to analyze and assess management risks and develop response measures, and requests each operating division to implement those measures.」
The company continues to maintain a company-wide management structure comprising the Management Risk Management Regulations, the President's responsibility, analysis and assessment by the Internal Audit and Internal Control Office, and implementation of response measures by the operating divisions. - FY2022Development of a company-wide risk management structureAnnual report
「To comprehensively manage company-wide risks, the company has established Management Risk Management Regulations, and the President is responsible for establishing and maintaining the management risk management system. The President directs the Internal Audit and Internal Control Office to analyze and assess management risks and develop response measures, and requests each operating division to implement those measures. A Quality Control Office has been established for product quality issues, and a Health and Safety Committee for occupational health and safety matters; each implements risk response measures. For responses to emergencies, the company has established Emergency Response Regulations. The Administration Department has jurisdiction over these matters and will establish an emergency response headquarters as necessary to take the required action.」
In addition to the previous explanation of mutual oversight by Audit & Supervisory Board Members and directors, the company now specifically describes a company-wide risk management system including the Management Risk Management Regulations, the Internal Audit and Internal Control Office, the Quality Control Office, the Health and Safety Committee, the Emergency Response Regulations, and the emergency response headquarters. - FY2021RestatedAnnual report
「We recognize the importance of establishing a highly transparent management structure. Audit & Supervisory Board members oversee the directors' management decisions and business execution, while directors oversee the execution of their respective responsibilities and manage operations in accordance with internal rules and regulations.」
The company continues to maintain a risk management structure comprising mutual oversight by the Audit & Supervisory Board Members and directors and management of business execution based on internal regulations. - FY2019RestatedAnnual report
「We recognize the importance of establishing a highly transparent management structure. Audit & Supervisory Board members oversee the directors' management decisions and business execution, while directors oversee the execution of their respective responsibilities and manage operations in accordance with internal rules and regulations.」
The company continues to maintain a risk management structure comprising mutual oversight by the Audit & Supervisory Board Members and directors and management of business execution based on internal regulations. - FY2018RestatedAnnual report
「We recognize the importance of establishing a highly transparent management structure. Audit & Supervisory Board members oversee the directors' management decisions and business execution, while directors oversee the execution of their respective responsibilities and manage operations in accordance with internal rules and regulations.」
The company continues to describe mutual oversight by the Audit & Supervisory Board Members and directors, and management of business execution based on internal regulations, as its risk management structure. - FY2017First statedAnnual report
「We recognize the importance of establishing a highly transparent management structure. Audit & Supervisory Board members oversee the directors' management decisions and business execution, while directors oversee the execution of their respective responsibilities and manage operations in accordance with internal rules and regulations.」
The risk management framework is described as mutual oversight by Audit & Supervisory Board members and directors, together with management of business execution under internal rules.