Addressing Internal Control Structures

Clarion endeavors to redevelop internal controls as enhancement of corporate governance since 2006.

As the Corporate Law came into effect in fiscal 2006, we have been rebuilding internal control structure across the company and implementing management assessment every year based on “Basic Policies for Internal Control System” laid out upon resolution of Board of Directors. Since Fiscal 2007, as a member of the Hitachi Group, we are rebuilding internal control structure with respect to financial reporting which subjects all domestic and overseas Group companies and are reporting its status assessment to Hitachi, Ltd.

Since Fiscal 2008, we implemented internal control and assessment based on the Japanese Financial Instruments Exchange Act (J-SOX Act) as the Group and the reports are made to the Financial Services Agency. Through corrective actions for deficiencies found during assessments, qualitative improvement of internal control system has been achieved. We continue to improve management quality of the Group through efforts extending from internal control required by laws and regulations.

Qualitative Improvement of Internal Control

Qualitative Improvement of Internal Control

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