Dialogue with Shareholders and Investors
Overview of Dialogue with Shareholders in FY2025
Primary Representatives in Dialogue
President and Representative Director; Managing Executive Officer and Director; Directors and Full-time Audit and Supervisory Committee Members; Division Manager of Corporate Strategy Division; Division Manager of Administration Division; Division Manager of Sales Division; Division Manager of Production Engineering Division; Division Manager of Research and Development Division; Sustainability Committee Chair; General Manager of Corporate Strategy Department; IR officers in the Corporate Strategy Department; and others
Format and Overview of Dialogue
| Category | Number of times | Overview of Participants |
|---|---|---|
| Financial results briefings | 1 | Analysts, institutional investors, financial institutions |
| SR Interviews | 11 | Analysts, institutional investors |
| Individual interviews | 94 | Analysts, institutional investors |
Key Themes and Shareholder Interests Discussed
- Business Strategy and Performance
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- Relationship between capital expenditures and growth strategy
- Further definition of the business portfolio
- Demand trends in each business segment and underlying market trends
- Capital Policy and Capital Efficiency
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- Clearer initiatives to improve ROE
- Reduction of cross-shareholdings
- Measures to achieve management that is conscious of the cost of capital and stock price
- Measures to address a PBR below 1.0
- Governance
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- Key discussions in the Board effectiveness evaluation
- Review of executive compensation (more sophisticated evaluation criteria)
- Strengthening the expertise of Outside Directors
- Sustainability
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- Validity of and rationale for emissions reduction targets
- Expansion and progress disclosure for materiality key performance indicators (KPIs)
- Employee engagement
- Linkage between corporate strategy and human resources strategy
Framework for Reflecting Shareholder and Investor Feedback
We position our IR/SR activities as an integral part of our key corporate strategy, and through dialogue with shareholders and investors, we work to share our understanding of management issues and our growth strategy and to deepen mutual understanding.
In addition, opinions from the market obtained through such dialogue are fed back to management and the relevant divisions and reflected in management decisions and the consideration of measures, thereby contributing to the sustainable improvement of corporate value.
Matters Incorporated into Management (Including Ongoing Initiatives)
- Review of materiality and resetting of KPIs
- Efforts to reduce cross-shareholdings
- Additional certification of environmental contribution products and resetting of KPIs
- Measures to achieve management that is conscious of the cost of capital and stock price
- Strengthening shareholder returns
- Enhanced disclosure of policies and initiatives related to human capital management (including descriptions in the integrated report)
- Introduction of ROIC-based management with an emphasis on capital efficiency
