Internal Control

While maintaining the “Basic Policy on Internal Control System” and “Basic Policy for Internal Control System concerning Financial Reporting”, Piolax is continuing the activities for the Group’s internal control system, including establishing and operating the system and evaluating its effectiveness every year, under the internal control structure headed by the President, in order to achieve sound, efficient, and fair corporate control.

Specifically, we have established “company-wide internal control”, “internal control for business processes”, “internal control for accounts settlement and financial reporting” and “internal control for IT” as part of our internal control system, and we have prepared the checklists, job assignment tables, business process descriptions, business flow charts, risk control matrices, etc. for each of these controls, and conducted evaluation.