Responsibility to Shareholders and Investors
The DENSO Group Sustainability Policy describes the responsibility DENSO has to its shareholders and investors to increase corporate value through stable, long-term growth and to improve the transparency of management through the timely and appropriate disclosure of business and financial information as well as through dialogues. Based on this policy, the DENSO Group is disseminating corporate information, such as management strategy and financial information, with an emphasis on timeliness, fairness, accuracy, and sustainability.
In addition, the Group is undertaking investor relations (IR) activities to realize smooth, interactive communication through general shareholders’ meetings and via its corporate website.
The opinions of shareholders and other investors that the Group obtains through this kind of communication are conveyed regularly at the Board of Directors’ meetings and leveraged in the Group’s management decision-making.
Information Disclosure and IR Activities
In order to ensure fairness and transparency in the disclosure of IR information, DENSO strives not only to observe all legal disclosure standards but also to publish information domestically and overseas without time lags by creating Japanese and English versions of reports at the same time.
DENSO also releases financial information quarterly via its website and holds financial results and technical briefings, as well as plant tours, for institutional investors and financial analysts with the purpose of promoting investment opportunities. DENSO is working to further enhance information disclosure by providing a streaming video of the general meeting of shareholders held each June on its website and inviting shareholders to a plant tour after the meeting, among other activities. In addition, we post our results briefings and the contents of the ordinary general meetings of shareholders (held every June) on our corporate website and disclose an outline of the Q&A sessions held at these briefings to ensure that an even greater number of people can view this information. In these ways, we are striving to enhance our information disclosure.
|Domestic institutional investors and securities analysts||Quarterly financial results briefings, disclosure of the outline of the results briefings’ Q&A sessions, “one-on-one meetings”/individual interviews, small meetings, publication of integrated report, ★ technical briefings, ★ overseas plant tours, ★ business briefings, ★ ESG presentations|
|Overseas institutional investors||“One-on-one meetings”/individual interviews, telephone conferences, participation in conferences organized by securities companies, publication of integrated reports, disclosure of the outline of the results briefings’ Q&A sessions|
|Individual investors and shareholders||
Holding of general meetings of shareholders
Publication of notices of convocation, publication of electronic notices of convocation that can be viewed via smartphone
Disclosure of outlines of Q&A sessions
Offering of plant tours after general meetings of shareholders (plant tours were not held in fiscal 2021 due to the COVID-19 pandemic)
Publication of business reports, Company information sessions, distribution of the IR news email, provision of details regarding financial results briefings and disclosure of the outline of Q&A sessions at these briefings
The symbol ★ indicates newly undertaken initiatives in addition to regular IR activities.
Policy on Shareholders' Returns and Status of Shares
In addition to carrying out capital investment, R&D, and M&A to achieve sustainable business growth and enhance its corporate value, DENSO issues a stable, long-term dividend while giving consideration to consolidated business performance, payout ratio, and dividend amount. The Company will also repurchase treasury stock after assessing its financial position and the market environment.
In fiscal 2020, based on business performance and the operating environment to date, DENSO paid annual cash dividends per share of ¥140, the same amount as was paid in the previous fiscal year. Going forward, the Company will strive to improve its corporate value and return an even greater amount of profits to its shareholders.
Breakdown of shareholders (As of Mar. 31, 2019)
Evaluation by Outside Institutions
The DENSO Group is highly regarded by outside institutions when judged by the socially responsible investment (SRI)* standard, reflecting its successive inclusion in a number of domestic and overseas SRI indices, including the Ethibel Sustainability Index, an important European SRI index (as of September 30, 2020).
*1 SRI：Socially Responsible Investment
Denso Corp. has been reconfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence Global since 08/05/2020.
THE INCLUSION OF Denso Corporation IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF Denso Corporation BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES
FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Denso Corporation has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Denso Corporation has been independently assessed according to the FTSE Blossom Japan Index criteria, and has satisfied the requirements to become a constituent of the FTSE Blossom Japan Index. Created by the global index provider FTSE Russell, the FTSE Blossom Japan Index is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE Blossom Japan Index are used by a wide variety of market participants to create and assess responsible investment funds and other products.
While taking into consideration the needs and expectations of our shareholders and other investors as well as society at large, we will continue to raise the level of our activities geared toward enhancing information disclosure with a focus on the disclosure of business and financial information and the creation of opportunities for dialogue.