Communication with Shareholders

Basic Policy

We have a basic policy of engaging in constructive dialogue with shareholders. We provide appropriate and timely information on management policy and our initiatives to achieve sustained growth and increase corporate value over the medium-to-long term. In addition, we hold easy-to-understand briefings on an ongoing basis, and reflecting them in management.

To ensure appropriate disclosure, we have established and are strictly complying with the internal rules, in addition to the “Prevent insider trading” and the “Information Disclosure Rules”, that stipulate fundamental policies for compliance with laws and regulations, transparency, timeliness, fairness, continuity, and confidentiality, along with the Rules pertaining to Insider Transaction Prevention.

 

Providing Information to Shareholders

Our basic policy is to communicate information fairly and equally to all shareholders. Information regarding the Medium-term Management Plan and financial results is publicized via TDnet or our website immediately after resolution by the Board of Directors.

Systems and Initiatives for Dialogue with Shareholders

We have established a system where Directors play an active role in dialogue with shareholders with support of the IR Office, a dedicated body for this purpose.

Parties Initiatives Specific Activities in the Fiscal Year Ended March 31, 2017

Individual shareholders and individual investors

Hold various briefing sessions to ensure opportunities for the Representative Directors, the CFO and the Senior Managing Executive Officer for Investor Relations to explain our management policies and vision, etc.

  • Briefing for shareholders (Fukuoka, Osaka, Nagoya, Hiroshima)
  • Briefings for individual investors
  • Participation in IR events organized by securities companies

Institutional investors
(Japan and overseas)

Ensure to provide opportunities for direct dialogue through various briefings and individual meetings, etc.

  • Financial results briefings
  • Business activity meetings
  • Individual meetings
  • Participation in conferences held by securities companies in Japan and overseas
  • Small meetings

In addition to the above, financial results briefings, business activities meetings and small meetings were carried out for securities analysts.

Efforts to ensure that the General Shareholders’ Meeting is active and well-facilitated and that voting rights are exercised smoothly

Delivering a convocation notice for the General Shareholders’ Meeting as early as possible

We disclose the Notice of General Shareholders’ Meeting, including an English version, on the website four weeks before the date of General Shareholders’ Meeting. Moreover, we send out the notice three weeks before the date of the General Shareholders’ Meeting, to establish a system for appropriately providing information to shareholders.

Avoiding dates which other companies are likely to choose for their meetings

We avoid dates which other companies are likely to choose for their meetings.

Allowing shareholders to exercise voting rights by electronic methods

We have made it possible for shareholders to vote over the Internet since the General Shareholders’ Meeting held in June 2005.

Participating in the electronic voting platform and other efforts to encourage institutional investors to exercise their voting rights

We have adopted the use of Electronic Voting Platform for Foreign and Institutional Investors operated by ICJ, Inc. since the General Shareholders’ Meeting held in June 2006.

Providing a convocation notice for the General Shareholders’ Meeting in English

We prepare an English version of documents including the Notice of General Shareholders’ Meeting.

Other

  • Publish the Shareholder newsletters (Japanese only)
  • Establish a website for individual shareholders
  • Host briefing sessions for shareholders
  • Provide video clips of the General Shareholders’ Meeting and briefing sessions for shareholders

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