Risk of reputational damage from legal and regulatory violations and misconduct
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 8 of 54 companies on the "Worse" side.
70 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Group is committed to compliance-based management and endeavors to comply with laws and regulations concerning the Antimonopoly Act, the Subcontract Act, the Act against Unjustifiable Premiums and Misleading Representations, and other matters. It actively conducts internal training sessions, primarily through the Risk Management Committee and Internal Control Committee, and encourages participation in external seminars.」
The company continues to respond through compliance with laws and regulations, training conducted by the Risk Management Committee and Internal Control Committee, and external seminars. - FY2022RestatedAnnual report
「The Group is committed to compliance-based management and endeavors to comply with laws and regulations concerning the Antimonopoly Act, the Subcontract Act, the Act against Unjustifiable Premiums and Misleading Representations, and other matters. It actively conducts internal training sessions, primarily through the Risk Management Committee and Internal Control Committee, and encourages participation in external seminars.」
The company has reconfirmed its response through compliance with laws and regulations, training conducted by the Risk Management Committee and Internal Control Committee, and external seminars. - FY2020First statedAnnual report
「The Group is committed to compliance-based management and endeavors to comply with laws and regulations concerning the Antimonopoly Act, the Subcontract Act, the Act against Unjustifiable Premiums and Misleading Representations, and other matters. It actively conducts internal training sessions, primarily through the Risk Management Committee and Internal Control Committee, and encourages participation in external seminars. However, if problems arise as a result of misconduct or illegal acts by employees or business partners, the Group may incur substantial costs, including damage to its social standing and compensation payments, which could have a material impact on its financial results.」
The company has identified for the first time as a major risk the risk of reputational damage and damages claims arising from violations of the Antimonopoly Act, the Subcontract Act, the Act against Unjustifiable Premiums and Misleading Representations, and other laws, as well as misconduct by employees and business partners.