Initiative Policy
Approach
We aim to drive sustainable growth and enhance long-term corporate value through constructive dialogue with shareholders and investors.
We promote proactive IR activities to enhance understanding of our company and building trust, as well as achieving sustainable growth and increasing long-term corporate value through constructive dialogue with shareholders and investors. In addition to earnings briefings led by top management and engagement with domestic and international investors, we emphasize two-way communication through diverse touchpoints. Feedback and requests obtained through dialogue are appropriately shared with management and relevant departments and reflected in management decisions and business operations, creating a virtuous cycle that enhances corporate value.
Shareholder and Investor Engagement Process
Major IR Events (FY2025)
We further strengthen constructive dialogue with a broad range of investors through diverse channels, supporting long-term corporate value creation.
| Major IR Events | Frequency | Person who primarily handled the event |
|---|---|---|
| Results Briefings | 2 times | President, Deputy President, Head of IR |
| Online Conferences | 4 times | Head of IR |
| Small Meetings with the President | 2 times | President |
| Conferences sponsored by brokerage firms (incl. overseas) | 9 times | President, Head of IR |
| Overseas IR | 4 times | President, Head of IR |
| One-on-One Meetings (incl. overseas) | 381 companies | President, Head of IR, IR team |
| Property Tours | 8 times | Head of IR, IR team |
| Briefing for Individual Investors | 3 times | President, Head of IR |
| Media Appearance for Individual Investors | once | President |
Property Tour 
Briefing for Individual Investors 
Media Appearance for Individual Investors
(Nikkei CNBC)
Key Investor Topics (FY2025)
【Growth Strategy】
- New medium-term management plan and future growth outlook
- Growth strategies for new businesses and international business
【Investment Strategy】
- Basic M&A policy and investment criteria
- Investment rationale and expected synergies of M&A deals
- Investment policy for international business
【External Environment】
- Impact of rising interest rates, inflation, and increasing construction costs
- Status of rent revisions and their impact on earnings
【Capital Policy and Shareholder Returns】
- Shareholder return policy
- Future financing strategy
Key Actions Based on Investor Feedback (Examples)
| Investor Feedback | Actions Taken |
|---|---|
| Clarify the feasibility of the growth strategy and medium- to long-term plan | Clarified the positioning of the medium- to long-term plan and its growth drivers, and enhanced disclosure of the growth story. |
| Increase transparency on the progress and strategies of new and overseas businesses | Clarified strategies, investment focus, and growth outlook, and enhanced disclosure of progress and earnings contribution. |
| Clarify M&A investment criteria and rationale | Clarified investment criteria and strategic intent, and enhanced disclosure of rationale and synergies of each project. |
| Clarify the impact of external environment changes (e.g., interest rates, construction costs) on earnings | Improved transparency of assumptions in earnings forecasts by clarifying the external environmental assumptions and their impact on earnings. |
| Improve the usability of financial data | Enhanced data organization and accessibility. |
Internal Sharing of Investor Feedback
| Category | Frequency |
|---|---|
| Coordination and information sharing with relevant departments | Ad hoc |
| Internal sharing of IR activities and engagement insights | Monthly |
| Summary of investor and analyst feedback and reporting to management | Quarterly / Ad hoc |
| Reporting to the Board of Directors | Semi-annually / Ad hoc |
| Information sharing with external directors and auditors | Semi-annually |