Risk concerning the appropriateness of transactions with Sakudaira Fukushikai Social Welfare Corporation
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「Although there is no capital relationship between the Group and the corporation, given that our Representative Director and Chairman was involved in the corporation's operations, we have established a system to ensure the appropriateness of transactions by carefully examining the necessity of transactions with the corporation, the reasonableness of their terms and other matters in accordance with our internal rules, and obtaining approval from the Board of Directors.」
The necessity and terms of transactions with Sakudaira Fukushikai Social Welfare Corporation, and the confirmation of their appropriateness through Board of Directors approval, have been reconfirmed. - FY2024First statedAnnual report
「Although there is no capital relationship between the Group and the corporation, given that our Representative Director and Chairman was involved in the corporation's operations, we have established a system to ensure the appropriateness of transactions by carefully examining the necessity of transactions with the corporation, the reasonableness of their terms and other matters in accordance with our internal rules, and obtaining approval from the Board of Directors.」
For transactions with the social welfare corporation that our Representative Director and Chairman was previously involved in establishing and operating, the company has for the first time described ensuring their appropriateness through Board of Directors approval and other measures, as well as the risk to management soundness if appropriateness is not recognised.