Group-wide Internal Control and Risk Management
First written in FY2016. 6 of 12 entries say "Advanced", first in FY2024. Latest entry: 2026-09-28.
- FY2026AdvancedAnnual report
「② Risk extraction For the risks submitted in ①, we took a cross-sectional overview and comparison of the submitted risks and extracted 52 items. ③ Risk identification (items included on the risk map) For the 52 material risks extracted in ②, we individually solicited opinions from each member of the Risk Management Committee on the items that should be included on the risk map and the highest-priority items. Following deliberation by the Risk Management Committee, 15 items to be included on the risk map were extracted. ④ Identification of the most material risks From the 15 risk items identified in ③ as items to be included on the risk map, we identified 7 most material risks that our Group should address and monitor as its highest priorities.」
The number of extracted risks increased from 50 in the previous fiscal year to 52, while the items for inclusion on the risk map increased from 13 to 15. A system of quarterly monitoring and progress reporting by the committee was operated for the 7 most material risks. - FY2025AdvancedAnnual report
「② Risk extraction For the risks submitted in ①, we took a cross-sectional overview and comparison of the submitted risks and extracted 50 items.」
The number of extracted risks increased from 47 in the previous fiscal year to 50, while the items for inclusion on the risk map were organised into 13 and the most material risks into 7. Quarterly reassessments, 5 committee meetings, and PDCA-based operations were initiated. - FY2024AdvancedAnnual report
「② Risk extraction For the risks submitted in ①, we took a cross-sectional overview and comparison of the submitted risks and extracted 47 items. ③ Risk identification (items included on the risk map) For the 47 material risks extracted in ②, we individually solicited opinions from each member of the Compliance Committee on the items that should be included on the risk map and the highest-priority items. Following deliberation by the Risk Management Committee, 16 items to be included on the risk map were extracted. ④ Identification of the most material risks From the 16 risk items identified in ③ as items to be included on the risk map, we identified 6 most material risks that our Group should address and monitor as its highest priorities.」
A risk management process was established to consolidate the risks of Group companies into 47 items, narrow them down to 16 items for inclusion on the risk map, and further identify 6 most material risks. Quarterly monitoring and oversight by the Group CRO were also specified. - FY2023ReframedAnnual report
「We have established a Risk Management Committee chaired by the President. The committee examines and reports on all risks relating to management in general, discusses or decides on measures and controls to be implemented to avoid or mitigate those risks, and takes thorough steps to prevent misconduct and non-compliance in overall operations, including the strengthening of internal controls and financial reporting.」
The former Compliance and Risk Management Committee was restructured into separate Compliance and Risk Management Committees, with a Group CRO appointed under the new framework. - FY2020RestatedAnnual report
「We have established a Compliance and Risk Management Committee chaired by the President. The committee examines and reports on all risks relating to management in general, discusses or decides on measures and controls to be implemented to avoid or mitigate those risks, and takes thorough steps to prevent misconduct and non-compliance in overall operations, including the strengthening of internal controls and financial reporting.」
The Group-wide risk management framework through the Compliance and Risk Management Committee and 4 subcommittees remains in place. - FY2019ReframedAnnual report
「We have established a Compliance and Risk Management Committee chaired by the Representative Director and President. The committee examines and reports on all risks relating to management in general, discusses or decides on measures and controls to be implemented to avoid or mitigate those risks, and takes thorough steps to prevent misconduct and non-compliance in overall operations, including the strengthening of internal controls and financial reporting.」
The previous Compliance Committee was renamed and restructured as the Compliance and Risk Management Committee, with a framework that includes risk assessment and management for subsidiaries and affiliated companies, as well as subcommittees for business strategy, finance, IT and administration, and compliance. - FY2016First statedAnnual report
「We have established a Compliance Committee chaired by the Representative Director and President. The committee examines and reports on all risks relating to management in general, discusses or decides on measures and controls to be implemented to avoid or mitigate those risks, and takes thorough steps to prevent misconduct and non-compliance in overall operations, including the strengthening of internal controls and financial reporting.」
A framework has been established under which subcommittees for business strategy, finance, IT and administration, and compliance report to the Board of Directors.