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GSI Creos (8101) · InitiativeRestated

Strengthening the Internal Control System and Risk Management Framework

First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2023.

7entries
8years
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ProgressHeldSoftenedWorseRestatedFY2016 – FY20232016: 120162017: 120172018: 220182019: 120192020: 120202021: 020212022: 020222023: 12023
Same theme, other companies
Company-wide risk management framework based on audits and internal controlsA theme 530 companies write about · 2 as a headwind · 526 as a tailwind
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Showing 14 of the 197 companies compared. The sentences above are computed from all 197.Comparing 200 of the theme's 537 threads.
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  1. FY2023RestatedAnnual report

    「While working to ensure management transparency and improve the efficiency of business operations, the Company has established an Internal Control Committee reporting directly to the President to centrally manage and oversee compliance, business risks, effectiveness and efficiency, the reliability of financial reporting, and the safeguarding of assets.」

    The Company continues to maintain a management structure comprising the Internal Control Committee, Compliance Subcommittee, Risk Management Subcommittee, and Operations Audit Office.
  2. FY2020RestatedAnnual report

    「The Company will enhance its internal control system and implement thorough risk management by rigorously addressing unprofitable businesses, fostering employees’ compliance mindset, and strengthening the ability to respond promptly to risks in management and business operations.」

    Addressing unprofitable businesses, compliance, and risk response capabilities are key initiatives for internal control and risk management.
  3. FY2019-Q3RestatedAnnual report

    「On 3 August 2018, we announced a three-year medium-term management plan (fiscal years ending March 2019 to March 2021). To achieve the 2020 Vision, “Contribute to society as a business-creating trading company that provides unique functions globally in niche fields,” we identified four priority measures: expanding overseas sales, improving profitability, enhancing our workforce and addressing work-style reforms, and strengthening our internal control systems and thoroughly implementing risk management. We are working to strengthen our earnings base and financial position.」

    The Company continues to pursue the enhancement of its internal control system and thorough risk management as key initiatives under its medium-term management plan.
  4. FY2019-Q2RestatedAnnual report

    「On 3 August this year, we announced a three-year medium-term management plan (fiscal years ending March 2019 to March 2021). To achieve the 2020 Vision, “Contribute to society as a business-creating trading company that provides unique functions globally in niche fields,” we are working to strengthen our earnings base and financial position, with priority measures including expanding overseas sales, improving profitability, enhancing our workforce and addressing work-style reforms, strengthening our internal control systems, and thoroughly implementing risk management.」

    The Company has reaffirmed the enhancement of its internal control system and thorough risk management as key initiatives under its medium-term management plan.
  5. FY2018RestatedAnnual report

    「We will strengthen the group's risk management framework so that it can identify risk factors affecting the achievement of the group's profit plans and implement measures based on accurate analysis and assessment. We will also ensure that risk-taking is commensurate with earnings, eliminate waste and losses, and work to improve the compliance mindset.」

    The company has reiterated risk identification, analysis and assessment, countermeasures, risk-taking, reductions in waste and losses, and compliance as management issues for the entire group.
  6. FY2017RestatedAnnual report

    「We have established an Internal Control Committee reporting directly to the president to centrally manage and oversee compliance, business risk, effectiveness and efficiency, the reliability of financial reporting, and the safeguarding of assets.」

    The company continues to operate a management framework comprising the Internal Control Committee, the Compliance Subcommittee, the Risk Management Subcommittee and internal audit.
  7. FY2016First statedAnnual report

    「We will strengthen the group's risk management framework so that it can identify risk factors affecting the achievement of the group's profit plans and implement measures based on accurate analysis and assessment. We will also ensure that risk-taking is commensurate with earnings, eliminate waste and losses, and work to improve the compliance mindset.」

    The group treats risk identification, analysis and assessment, countermeasures, risk-taking, waste and losses, and compliance as management issues.
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Strengthening the Internal Control System and Risk Management Framework | GSI Creos Corporation (8101) | Komori