Finance and Accounting Activities

We will continue to strengthen corporate governance, risk management and compliance in our finance and accounting activities, and at the same time, strive to improve profitability through the relationship between management and employees, and business operations in the field.

  • 1.As part of business performance management, we uncover current and future problems by analyzing the profit structure.
  • 2.We strive to strengthen internal control by checking subsidiaries using the system.
  • 3.For our tax policy, we work to understand the tax risks in each country and carry out tax accounting in accordance with OECD guidelines. We also strive to minimize tax risk by consulting with professionals.
Finance and Accounting Activities

Regarding Financial Assistance from the Japanese Government

Government grants are recognized when the conditions of the grant are met and there is reasonable assurance that the grant will be received. For government grants related to expense items, the related costs being compensated by the grants are recorded as income during the period in which the corresponding expenses are recognized. Grants related to assets, meanwhile, are recorded in net assets as a reserve for tax purpose reduction entry.

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