Oversight by outside officers, the Audit & Supervisory Board and internal audit
First written in FY2019. 1 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2023: 4 of 32 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Audit Department holds regular meetings and exchanges views with the accounting auditor, discusses audit evaluation methods and other matters, evaluates the effectiveness of internal controls over financial reporting under the Financial Instruments and Exchange Act, and reports the results to the Board of Directors.」
The company continued to describe its oversight structure based on coordination among the internal audit function, Audit & Supervisory Committee, accounting auditor and Board of Directors. - FY2023The number of staff members in the internal audit function was stated as 6.Annual report
「The company has established the Audit Department as its internal audit function, with 6 staff members, and examines and evaluates, from the perspectives of legality and rationality, the systems for managing and operating all aspects of management activities at each business location and subsidiary, as well as the status of business execution.」
The company specifically described its structure for continuing internal audits, including 6 staff members and reporting and coordination with the Audit & Supervisory Committee, Representative Director and accounting auditor. - FY2021Updated internal audit staffingAnnual report
「The company has established the Audit Department as its internal audit function, with 8 staff members, and continuously audits the appropriateness of operations, including the legality of business execution and responses to risk management.」
The company stated that its internal audit function continuously audits the legality of operations, risk management and operational appropriateness through 8 staff members in the Audit Department. - FY2020AdvancedAnnual report
「The company has established the Audit Department as its internal audit function, with 9 staff members, and continuously audits the appropriateness of operations, including the legality of business execution and responses to risk management.」
In addition to continuous audits conducted by 9 staff members in the Audit Department, the company specifically described the number of Audit & Supervisory Board meetings held during the fiscal year and its coordination with the accounting auditor and internal control function. - FY2019First statedAnnual report
「Outside directors attend meetings of the Board of Directors and express their opinions as necessary, while also overseeing the directors' execution of their duties from an external perspective. Outside Audit & Supervisory Board members attend meetings of the Board of Directors and the Audit & Supervisory Board and express their opinions as necessary, while also overseeing the directors' execution of their duties from an external perspective. They also receive reports from the Audit Department, the internal audit function, on the scope and timing of audits and their results, and conduct audits in coordination with the department.」
The company specifically described its oversight structure, including 2 outside directors and 2 outside Audit & Supervisory Board members, and its coordination with the internal audit function, accounting auditor and internal control function.