Risk Management and Group Internal Controls
First written in FY2016. 6 of 13 entries say "Advanced", first in FY2017. Latest entry: 2026-06-23.
- 2026-06-23AdvancedGovernance
「The director is expected to draw on experience and skills in internal control and risk management to strengthen governance, establish and implement a risk management framework, and enhance ESG initiatives.」
The company disclosed the Risk Management Committee, Audit Office and compliance promotion structures, as well as the internal control and risk management skills required of directors, giving concrete form to the Group’s internal control framework. - FY2026AdvancedAnnual report
「Risk oversight and risk management functions have been established under the Risk Management Committee. For each risk category classified according to the nature of the risk, these functions monitor the framework and operation of internal controls over risks and provide necessary support, advice and supervision.」
The company has established oversight and responsible functions under the Risk Management Committee, creating a framework for internal control monitoring, support, advice and supervision for each risk category. - FY2026-H1RestatedAnnual report
「At one of our overseas subsidiaries, improper payments were made in prior fiscal years to individuals regarded as public officials and others. Since it was recognized that these payments could violate local anti-corruption laws and other regulations, an investigation or prosecution by local authorities may occur in the future, although the situation remains uncertain at present.」
The company has reconfirmed the improper payments at the overseas subsidiary, the possibility of investigations and prosecutions by the authorities, and the difficulty of estimating the amount of any resulting loss as contingent liabilities. It states that future losses, including fines and administrative penalties imposed by government authorities, cannot reasonably be estimated at present. - FY2025MitigatedAnnual report
「As a result, we confirmed that the material deficiencies requiring disclosure had been remediated as of the end of the current consolidated fiscal year and determined that internal control over financial reporting was effective as of the end of that fiscal year.」
Following the implementation of measures to prevent recurrence of the material deficiencies in internal control triggered by the improper payments at the overseas subsidiary, the company determined that the deficiencies had been remediated as of the fiscal year-end and that internal control over financial reporting was effective. - FY2025-H1RestatedAnnual report
「At one of our overseas subsidiaries, improper payments were made to individuals regarded as public officials and others. Since it was recognized that these payments could violate local anti-corruption laws and other regulations, an investigation or prosecution by local authorities may occur in the future, although the situation remains uncertain at present.」
The company has reconfirmed, as a contingent liability in its interim financial statements, the uncertainty surrounding the improper payments at the overseas subsidiary disclosed in FY2024 and the possibility of investigations, prosecutions and fines by the authorities. - FY2024MaterialisedAnnual report
「At one of our overseas subsidiaries, improper payments were made to business partners, and it was recognized that these payments could constitute violations of local anti-corruption laws and other regulations. Accordingly, a Special Investigation Committee was established on 24 May 2024 to conduct an investigation. It has been reported that improper payments were made continuously over an extended period to senior personnel and others at multiple customers in a particular business, for purposes including securing orders for projects at the overseas subsidiary.」
Improper payments at the overseas subsidiary actually occurred, leading to an investigation by the Special Investigation Committee. The company states that there were deficiencies in the subsidiary's governance, internal audit and compliance systems, as well as in the parent company's assessment of bribery risk. - FY2023AdvancedAnnual report
「The Risk Management Committee regularly assesses risks and identifies issues, regularly monitors whether risks have materialized, and reports to the Board of Directors once every quarter.」
In addition to risk assessment and monitoring, the company explicitly states that the Risk Management Committee reports to the Board of Directors quarterly. - FY2021RestatedAnnual report
「We have established the Risk Management Committee to appropriately manage various risks. The committee regularly assesses risks and identifies issues while formulating response plans. It also regularly monitors whether risks have materialized. In addition, the committee reviews the status of significant risks at group companies and the implementation of response plans, and provides support to improve the risk management systems of each group company.」
The company continues to conduct assessments, formulate response plans and monitor risks through the Risk Management Committee, while reviewing and supporting the management of significant risks at group companies. - FY2021-Q3AdvancedAnnual report
「DTS's proprietary development standard (PMS) has also been introduced at Nelito Systems Limited, with the Financial Business Division providing guidance on project monitoring and risk management.」
Group internal control and risk management have progressed to a framework under which the head office directly monitors and provides guidance to the overseas subsidiary Nelito Systems Limited. - FY2017AdvancedAnnual report
「We have established the Risk Management Committee to appropriately manage various risks. The committee regularly assesses risks and identifies issues while formulating response plans. It also regularly monitors whether risks have materialized. In addition, the committee reviews the status of significant risks at group companies and the implementation of response plans, and provides support to improve the risk management systems of each group company.」
In addition to the existing committee, assessments and monitoring, the company describes procedures for reviewing and supporting significant risks at group companies and the implementation status of response plans. - FY2016First statedAnnual report
「The Risk Management Committee has been established to appropriately manage various risks. It regularly assesses risks and identifies issues, formulates and implements response plans, and monitors whether risks have materialized. In addition, the Group Governance function promotes compliance awareness among all officers and employees by providing education on compliance, including distributing the DTS Compliance Guide and conducting training.」
The Risk Management Committee, response plans, monitoring, the compliance guide and training are described as specific control measures.