Reform and overhaul of the management framework following the discovery of misconduct by the head of the Accounting Department
First written in FY2018-Q3. 3 of 6 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「In terms of management, the Company is making every effort to strengthen corporate governance and raise compliance awareness among all employees so that misconduct such as that discovered in the previous fiscal year never occurs again.」
Against the backdrop of the misconduct discovered in the previous fiscal year, the Company continues to strengthen corporate governance and raise compliance awareness among all employees. - FY2019-Q3RestatedAnnual report
「In terms of administrative controls, even after submitting to the Tokyo Stock Exchange in August a report on the status of improvements describing corrective measures and other actions to prevent a recurrence of the misconduct by the head of the accounting department discovered last year, we continue to work diligently to strengthen corporate governance and raise compliance awareness among all employees.」
Following the submission of the improvement status report in August, the Company continues to strengthen corporate governance and raise compliance awareness to prevent recurrence. No new completion milestone is indicated. - FY2019-Q2AdvancedAnnual report
「The Company also submitted an improvement status report to the Tokyo Stock Exchange on 23 August, setting out improvement measures to prevent recurrence, and will continue to implement the improvement measures described in the report consistently and reliably.」
The Company states that it has moved to the stage of submitting an improvement status report to the Tokyo Stock Exchange and continuing to implement the improvement measures described in the report. - FY2019-Q1RestatedAnnual report
「Under these circumstances, following the discovery of misconduct by the head of the accounting department, the Company has continued to implement improvement measures to prevent recurrence.」
The Company states that it continues to implement improvement measures to prevent recurrence following the discovery of misconduct by the head of the accounting department. No new completion milestone is indicated. - FY2018AdvancedAnnual report
「Following the discovery of misconduct by the former head of the accounting department, the Company will establish the facts, correct prior-year financial results, submit an improvement report, and undertake improvement measures to prevent recurrence based on the implementation schedule, with unwavering determination.」
The Company states that, after establishing the facts regarding the misconduct and correcting prior-year financial results, it submitted an improvement report and is undertaking measures to prevent recurrence based on the implementation schedule. - FY2018-Q3First statedAnnual report
「Under these circumstances, following the discovery of misconduct by the head of the accounting department, the Company has been pursuing efforts to establish the facts, correct prior-year financial results, and formulate and implement measures to prevent recurrence. The Company continues to work as one to reform and overhaul its management structure and related systems.」
For the first time, the Company expressly states that, following the discovery of misconduct by the head of the accounting department, it is working to establish the facts, correct prior-year financial results, formulate and implement measures to prevent recurrence, and reform and overhaul its management structure and related systems.