Risk of inadequate internal management systems amid rapid business expansion
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「In principle, each operating company is a company with a board of directors and corporate auditors, and operates independently under various Group-wide regulations, including the Regulations of the Board of Directors. The Group has also established regulations governing the management of Group companies, requires parent company approval for material matters at operating companies that exceed specified thresholds, and is working to strengthen the Group's management structure by monitoring the business activities of each company through the administrative divisions and conducting audits through the Audit Office, among other measures.」
To respond to rapid business expansion, the Company continues to maintain an internal control structure based on parent company approval, Group-wide regulations, monitoring and audits. - FY2024RestatedAnnual report
「The Group has established regulations governing the management of Group companies, requires parent company approval for material matters at operating companies that exceed specified thresholds, and is working to strengthen the Group's management structure by monitoring the business activities of each company through the administrative divisions and conducting audits through the Audit Office, among other measures.」
In response to the risk of an inadequate internal control structure accompanying rapid business expansion, the Company continues to require parent company approval and conduct monitoring and audits. - FY2022MitigatedAnnual report
「In principle, each operating company is a company with a board of directors and corporate auditors, and operates independently under various Group-wide regulations, including the Regulations of the Board of Directors. The Group has also established regulations governing the management of Group companies, requires approval by the parent company’s board of directors for material matters at operating companies that exceed specified thresholds, and is working to strengthen its internal control structure by monitoring the business activities of each company through the administrative divisions and conducting audits through the Audit Office, among other measures.」
In response to the risk of an inadequate internal control structure accompanying business expansion, the Company continues to require parent company approval and conduct monitoring by the administrative divisions and audits by the Audit Office under the regulations governing the management of Group companies. - FY2020MitigatedAnnual report
「The Group has established regulations governing the management of Group companies and is working to strengthen its internal control structure by monitoring the business activities of each company through the administrative divisions and conducting audits through the Audit Office, among other measures.」
In response to the risk of an inadequate internal control structure accompanying rapid business expansion, the Company identifies regulations governing the management of Group companies, monitoring and audits by the Audit Office as specific measures. - FY2017RestatedAnnual report
「If a situation arises in which the establishment of an adequate internal control structure fails to keep pace with rapid business expansion」
The risk that internal control systems may fail to keep pace with rapid business expansion is reiterated. - FY2016First statedAnnual report
「If the Group is unable to establish an adequate internal control structure as its business expands rapidly, it may become difficult to conduct operations appropriately, which could have a material adverse effect on the Group's results.」
The possibility that the development of the internal control structure will fail to keep pace with rapid business expansion is disclosed separately as a risk.