Internal controls across the corporate group, including subsidiaries
First written in FY2016. 5 of 7 entries say "Advanced", first in FY2017. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Company holds affiliated-company liaison meetings twice a year to monitor performance trends and the status of operations. Its full-time Audit and Supervisory Committee member and Audit Department also jointly conduct operational audits and other audits once a year covering consolidated subsidiaries and affiliated companies.」
The Company states that affiliated-company liaison meetings are held twice a year and joint audits of consolidated subsidiaries and affiliated companies are conducted once a year. It also adds an explanation of the management framework in light of the increase in affiliated companies, including Daichi Lease. - FY2025AdvancedAnnual report
「The Company’s full-time Audit and Supervisory Committee member and Audit Department jointly conduct operational audits and other audits once a year covering consolidated subsidiaries and affiliated companies.」
The Company continues joint audits covering all affiliated companies and has expanded the scope of internal controls to the corporate group following the conversion of Takemoto Foundation Works into a subsidiary. - FY2022RestatedAnnual report
「The Company’s full-time Audit and Supervisory Committee member and Audit Department jointly conduct operational audits and other audits once a year covering all consolidated subsidiaries and affiliated companies.」
The Company continues its group internal control framework, including dispatching directors to subsidiaries and affiliated companies, holding affiliated-company liaison meetings, and conducting joint operational audits once a year. - FY2021AdvancedAnnual report
「The Company’s full-time Audit and Supervisory Committee member and Audit Department jointly conduct operational audits and other audits once a year covering all consolidated subsidiaries and affiliated companies.」
For the management of subsidiaries and affiliated companies, the Company specifically describes the dispatch of directors, quarterly affiliated-company liaison meetings and joint annual audits covering all affiliated companies. - FY2018AdvancedAnnual report
「To address this risk, the Group has reviewed the approval criteria for important matters under its Regulations for the Management of Affiliated Companies and applies management equivalent to that of the Company in areas including credit, safety, compliance and finance.」
The Company has reviewed the approval criteria for important matters under the Regulations for the Management of Affiliated Companies and specifies credit, safety, compliance and financial management for subsidiaries. - FY2017AdvancedAnnual report
「In light of inappropriate accounting practices, including the failure to record construction costs, that occurred in the financial statements of a consolidated subsidiary in the 49th fiscal year, the Company strengthened its management framework by changing the subsidiary’s management team. It will also comprehensively review its internal management framework, including construction management and accounting management, to prevent a recurrence.」
For internal controls covering subsidiaries, the Company has implemented and planned specific measures including a change in management and a comprehensive review of construction and accounting management systems. - FY2016First statedAnnual report
「The Company and its subsidiaries form a corporate group. For the management of these subsidiaries, it has established Regulations for the Management of Affiliated Companies and developed an internal control system. Subsidiaries are also included within the scope of its risk management framework, and the Company is working to ensure the proper conduct of operations throughout the group.」
The Company manages its subsidiaries through the Regulations for the Management of Affiliated Companies, responsible departments and branches, affiliated-company liaison meetings, and audits by the Audit Department.