Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 3 of 6 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「The Audit and Supervisory Committee meets monthly before meetings of the Board of Directors, as well as whenever necessary, and met 13 times during the current fiscal year」
The Audit and Supervisory Committee met 13 times during the current fiscal year and passed resolutions, deliberated, and received reports on matters including audit policies and plans, the appointment of directors, and the evaluation of the accounting auditor. - FY2021RestatedAnnual report
「The Audit and Supervisory Committee meets monthly before meetings of the Board of Directors, as well as whenever necessary, and met 12 times during the current fiscal year」
As a company with an Audit and Supervisory Committee, the company continues to operate a framework for coordination among the Board of Directors, the Audit and Supervisory Committee, the Internal Audit Department, and the accounting auditor. - FY2020AdvancedAnnual report
「The Audit and Supervisory Committee meets monthly before meetings of the Board of Directors, as well as whenever necessary, and met 13 times during the current fiscal year.」
The disclosure specifically describes the Audit and Supervisory Committee's monthly meetings, its 13 meetings during the current fiscal year, and coordination with the Internal Audit Department and the accounting auditor. - FY2017RestatedAnnual report
「The company has a system under which its Internal Audit Department, an organization reporting directly to the Representative Director and President and consisting of 8 people, audits and provides oversight and guidance on operations in each sales and administrative division and at sales outlets, as well as internal controls related to financial reporting, and reports the status and results of internal audits to the Audit and Supervisory Committee, which meets monthly.」
The operating framework for internal audits and the Audit and Supervisory Committee after the transition to a company with an Audit and Supervisory Committee is described in specific terms, including an 8-person Internal Audit Department and monthly reporting. - FY2017-Q1AdvancedAnnual report
「Based on Proposal No. 4, “Issuance of shares for subscription through a private placement,” approved at the 39th Annual General Meeting of Shareholders held on 28 June 2016, payment in full of the aggregate issue price for the shares for subscription was made on 5 July 2016. Accordingly, Iwamoto Shinji (岩本眞二), Onishi Masami (大西雅美), and Kaku Takeyoshi (加來武宜) became directors, other than directors who are Audit and Supervisory Committee members, effective 6 July 2016.」
Three directors took office effective 6 July 2016 in connection with the private placement. - FY2016First statedAnnual report
「To further strengthen the auditing and oversight functions of the Board of Directors, enhance the corporate governance system, and improve the soundness and transparency of management, the company changed from a company with a board of company auditors to a company with an Audit and Supervisory Committee, effective 28 June 2016, pursuant to a resolution of the 39th Annual General Meeting of Shareholders held on that date.」
The company presented a plan to enhance oversight functions and transparency through its transition to a company with an Audit and Supervisory Committee, 6 directors including 3 Audit and Supervisory Committee members, 2 outside directors, an executive officer system, and internal audit, compliance, and risk management systems.