Implementation of Measures to Prevent Recurrence of Inappropriate Transactions and Accounting Practices
First written in FY2020-Q3. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2022: 1 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual reportThe current year's description of management policies and governance makes no direct reference to the inappropriate transactions and accounting practices identified in the previous year, shifting instead to a general discussion of compliance and internal controls.
- FY2021AdvancedAnnual report
「In response to the improper transactions and accounting treatment identified in the previous fiscal year, the company worked to strengthen internal controls aimed at establishing systems that prevent misconduct and reducing the motives and factors that can lead to misconduct, in order to raise ethical awareness in its business activities.」
Following inappropriate transactions and accounting practices, the company clearly stated the purpose of strengthening internal controls and implemented recurrence-prevention measures across 10 areas, including compliance with laws and accounting standards, management systems, training, transaction controls, committees, budgeting and evaluation systems, organisational structure and authority, and internal communication. - FY2020AdvancedAnnual report
「Regarding the inventory transactions and individual orders by sales department personnel involved in the problematic purchase and resale transactions, the company restricted such activities and formulated and improved sales-related rules and manuals. It also worked to reform attitudes in the sales department by thoroughly educating personnel on the content and operation of the sales-related rules and manuals.」
The company made concrete progress on measures to prevent recurrence by restricting inventory transactions and individual orders in purchase and resale transactions, improving sales rules and manuals, and providing training. - FY2020-Q3First statedAnnual report
「Following receipt of the investigation committee’s report on the improper transactions and accounting treatment in question, the company formulated measures to prevent recurrence and published them on 10 December 2019. Taking this matter seriously, the company will implement these measures reliably to ensure that a similar situation never occurs again and will further strengthen corporate governance.」
Following receipt of the investigation committee’s report, the company formulated and published measures to prevent recurrence, identifying their reliable implementation and further strengthening corporate governance as new issues to be addressed.