Dialog with Shareholders
Policy for Promoting Constructive Dialog with Shareholders and Investors
Through two-way communication with shareholders and investors, the company strives to ensure
that information concerning our management condition and operating policies is conveyed
accurately and in a timely manner, and that corporate value is maximized.
We strive to promote constructive dialogue by responding sincerely to shareholder queries
made at the General Meeting of Shareholders or directed to our website. Such responses are
made under the supervision of the Board of Directors members responsible for the
Administration Division and the Public Relations Office respectively. We also ensure that
both departments collaborate closely with relevant departments (such as the Corporate
Planning Division, the Accounting Division, and the Legal Office) as required.
We also value opportunities for direct dialogue with institutional investors, holding a wide
range of meetings, including financial results briefings and international IR meetings with
senior management presence (the President, Board of Directors, etc.). We report the results
of such meetings to the Board of Directors regularly, provide feedback to management, and
strive to enhance management efficiency and transparency.
| IR Activities | Number of attendees | |||
|---|---|---|---|---|
| FY2022 | FY2023 | FY2024 | ||
| Financial results briefings | End of fiscal year | 35 | 34 | 41 |
| ２Q | 31 | 28 | 51 | |
| IR meetings（total） | 99 | 104 | 213 | |
| Management strategy, growth potential | Economic outlook, market environment Medium- to long-term direction Target profit levels M&A outlook Growth investment (capital and human capital investment) |
|---|---|
| Construction Related Business | Domestic construction demand Current situation by region Rental pricing trends Sales environment for used construction equipment |
| Financial and capital policies | Cost of capital, PBR, ROE Stance on shareholder returns Equity Ratio |
| Governance, other | Carbon-neutral efforts Employee engagement, diversity promotion Affiliated company trends |
Actions taken in response to dialogue
・Enhancement of IR presentations
・With respect to enhancing PBR, disclosure of awareness of challenges and measures taken in
response
・Disclosure of cash allocation policy
・Disclosure of corporate governance-related information
・Disclosure of skill selection reasons for Board of Directors skills matrix
etc.