Dialogue with Shareholders

Policy on Constructive Dialogue with Shareholders

In order to realize sustainable growth and medium- to long-term improvement of corporate value, the Company considers it essential to obtain appropriate evaluation and trust from shareholders and investors, and shall engage in dialogue with shareholders and investors in a rational and continuous manner. In addition, through IR activities, the Company shall strive to enhance shareholders' and investors' understanding of the Company's management strategies, etc. by appropriately disclosing and explaining the Company's management strategies, business performance, financial conditions, capital policies, etc. to shareholders and investors.
The Company shall appoint a director in charge from among its directors to promote constructive dialogue with shareholders and investors, including IR activities. The Director in Charge shall be responsible for overall dialogue with shareholders and investors, and shall strive to realize constructive dialogue.
In addition to the director in charge, the actual dialogue will be conducted by a designated person based on the shareholder/investor's wishes and the main concerns of the meeting, but the department in charge will assist the interlocutor in cooperation with the respective departments in order to provide accurate information.
In order to make the dialogue more constructive and meaningful, we will continue to work on appropriate information dissemination and enhancement of disclosure content and means of dialogue and provide feedback on the content of the dialogue to the Board of Directors through the director in charge, as necessary.
In addition, when engaging in dialogue, the Company shall also strive to appropriately manage insider information by, for example, not selectively disclosing undisclosed material information to specific persons in accordance with the "Public Relations Regulations" separately established.

Disclosure Policy

Stakeholder Outcomes

Stakeholders: Shareholders and Investors
Outcomes generated
  • Contributing to sustainable improvement in corporate value
Response/initiatives
  • Steadily executing Medium-Term Management Plan 2025
  • Maximizing our economic value while also increasing our social value by placing sustainability at the center of our management
  • Taking the steps below to swiftly achieve a PBR (price-to-book ratio) of above 1x
      1. Growth strategy (implementation of growth strategy, optimal cash allocation)
      2. Strengthen shareholder returns (dividend payout benchmark ratio of 30% from FY2024)
      3. Strengthen IR activities (creation of dialogue opportunities, expansion of information disclosure)
Dialogue engagement in FY2023
  • Financial results presentations: 2 times; total of 90 participants
  • Conferences and meetings held by securities firms: 3 times
  • IR events for individual investors: 2 times; total of 1,286 participants
  • IR events for institutional investors (pipeline briefings): 1 time; total of 31 participants
  • One-on-one IR interviews/SR dialogue: 100 times; total of 110 companies and 163 persons participating