The Group has established a Compliance and Risk Management Committee (hereinafter referred to as "CRM Committee") chaired by a representative director to assess the status of compliance and risk management, to properly manage risks, and to promptly address compliance issues. The CRM Committee is chaired by a representative director to ensure appropriate risk management and prompt compliance response. The CRM Committee sets key risk and compliance items and targets, and monitors and discusses risk countermeasures. In July 2021, the CRO and the Group Risk Management Division were assigned to oversee and promote risk management from the Group's perspective, thereby strengthening the risk management system.
The risks described below refer to the material risks attributable to the operating companies after October 1, 2022, when the absorption-type company split agreement between the Company's consolidated subsidiaries, as explained in the "Notice Regarding Determination of Policy on Reorganization (Company Split between Consolidated Subsidiaries), Change of Trade Name and Partial Change of Articles of Incorporation of the Company, and Change of Trade Name of Consolidated Subsidiary" released on June 22, 2022, is approved at each company's shareholders meeting and the reorganization becomes effective.
