Internal Controls and Crisis Management Through Committees and Whistleblowing Systems
First written in FY2022. 3 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2026.
96 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We dispatch our employees to serve as heads of subsidiaries and require regular reports to the Management Division, the responsible headquarters function, on whether operations are being conducted appropriately. Under the “Rules for Management of Affiliates,” subsidiaries are also included within the scope of internal audits to ensure compliance with laws and the Articles of Incorporation.」
The Group continues its policy of strengthening internal controls through personnel dispatches to subsidiaries, regular reporting and inclusion in internal audits. - FY2025AdvancedAnnual report
「We dispatch our employees to serve as heads of subsidiaries and require regular reports to the Management Division, the responsible headquarters function, on whether operations are being conducted appropriately. Under the “Rules for Management of Affiliates,” subsidiaries are also included within the scope of internal audits to ensure compliance with laws and the Articles of Incorporation.」
For subsidiaries, including the Vietnam subsidiary, the company has established controls involving personnel dispatches, regular reporting to the Management Division and inclusion in the scope of internal audits. - FY2024AdvancedAnnual report
「Internal audits verify the appropriateness, effectiveness and efficiency of the company’s systems, organization and business activities, as well as compliance, and make recommendations for improvement or corrective recommendations. The audits aim to contribute to safeguarding assets, improving management efficiency and the reliability of financial reporting, increasing corporate value, and achieving sound and sustainable development. All departments are audited once a year. The principal audit areas are compliance with internal rules and manuals, verification of the effectiveness and efficiency of operations, and thorough compliance with laws and regulations.」
The Internal Audit Office established in April 2023 conducts annual audits of all departments, with specific priority areas and procedures for improvement recommendations and corrective recommendations. Monthly reporting to the Board of Directors and quarterly joint audits with audit and supervisory board members and the accounting auditor are also described. - FY2023AdvancedAnnual report
「By resolution of the Board of Directors on 14 February 2023, we resolved to establish an Internal Audit Office and did so on 1 April 2023. One internal audit officer is assigned exclusively to internal auditing, strengthening independence.」
The internal audit structure progressed from audits performed by a dual-role department to an Internal Audit Office with a dedicated officer established on 1 April 2023. - FY2022First statedAnnual report
「Periodic management of advance preparations for crises, response methods, case studies, education and training is assigned in principle to the Disaster Prevention Committee, Traffic Safety Committee, Health and Safety Committee and Compliance Committee, each of which meets once every six months.」
The company manages risk through a crisis management committee, various other committees, a whistleblowing system and advice from external specialists.