Corporate Information

Internal Control System

Internal Control System Initiatives

Circle K Sunkus is working to enhance its internal control system for ensuring proper and efficient execution of business operations and the reliability of financial reporting, based on the implementation of its management philosophy and action guidelines.

The Internal Control Committee, which was established in March 2007, is chaired by the President and comprises directors, executive officers and corporate auditors. The committee regularly receives reports on the establishment and operation of the internal control system from the Internal Control & Environmental Management Office to monitor Company-wide progress on putting in place this system and to conduct crisis management. The Internal Control & Environmental Management Office coordinates internal control and compliance activities across the Company and implements concrete measures to reinforce the management structure.

Risk Management

Circle K Sunkus has designated a department responsible for managing each risk, and each relevant department continuously monitors risk in order to respond appropriately to the various risks that the Company may face in the course of its business activities. At the same time, Circle K Sunkus is bolstering its risk management system in order to prevent risks from materializing in the first place, and to minimize the effects if they do.

Compliance

The Company has formulated Compliance Rules and works to improve them in order to earn the trust of stakeholders and enhance corporate value. These rules call for compliance with not only laws and regulations, but also with internal rules, directives from related government agencies, corporate ethics, and social norms.

Internal Control Over Financial Reporting

Aiming to enhance internal controls over financial reporting, the Company has deployed specialists to the Finance & Accounting Division and is working closely with the UNY Group to establish a system for evaluating the effectiveness of internal controls over financial reporting based on the Japanese Financial Instruments and Exchange Law.