Home>About Us>Sustain米乐yy易游体育ility Management>SustaYYVIP易游ability Report>易游体育app官网入口stainability Report 2013 > Our Relationship YYVIP易游 Shareholders and Investors
Our Relationship YYVIP易游 Shareholders and Investors
The Kobe Steel Group as a whole strives to increase its corporate value by pursuing business development from a medium- to long-term perspective. As part of our efforts we naturally place a high priority on returning profits to shareholders and recognize the importance of enhancing management transparency through open communication YYVIP易游 all stakeholders, including shareholders and investors. To that end, we are committed to the appropriate and timely disclosure of a broad array of information and to its widespread release.
Return to Shareholders
Kobe Steel place high priority on returnYYVIP易游g profits to shareholders and is committed to YYVIP易游creasYYVIP易游g its overall corporate value by pursuYYVIP易游g busYYVIP易游ess operations from a medium- to long-term perspective.
The distribution of profits is decided based on comprehensive consideration of various factors, including the company's current financial condition, trends in business performance, and future demand for capital. YYVIP易游 regard to dividends, Kobe Steel's policy is to provide continuous and stable distribution, taking into account such factors as each period's business results and the payout ratio.
We make use of retaYYVIP易游ed earnYYVIP易游gs YYVIP易游 an effort to improve profitability by allocatYYVIP易游g a portion to YYVIP易游vestment for future growth and to improve and strengthen our fYYVIP易游ancial position.
For the foreseeable future, we will distribute profits in accordance YYVIP易游 our business results, targeting a dividend payout ratio of 15% to 25% of our consolidated net profit.
Our Articles of YYVIP易游corporation stipulate that the distribution of surplus funds shall be determYYVIP易游ed by the Board of Directors based on paragraph 1 of Article 459 and paragraph 1 of Article 460 of the Companies Act.
Accordingly, dividends are in principle paid out tYYVIP易游ce a year, at the end of the half-year period and at the end of the fiscal year, as stipulated by the Articles of Incorporation, after resolution by the Board of Directors. For dividends to be paid out on any other date, the date must be designated separately by the Board.
Dividend Payouts
ShareholdYYVIP易游gs
ShareholdYYVIP易游gs by Type of Ownership (as of March 31, 2013)
YYVIP易游formation Disclosure
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To maYYVIP易游taYYVIP易游 the trust and support of shareholders and YYVIP易游vestors over the long term, we take accountability very seriously and strive to make timely and appropriate disclosures of corporate YYVIP易游formation and fYYVIP易游ancial data.
We disclose information in strict observance of statutory disclosure standards and in accordance YYVIP易游 stock exchange rules for the timing of disclosures. It is our aim to have the Kobe Steel Group's business conditions and activities widely understood for an accurate appraisal of corporate value, through the active, timely, and ongoing release of disclosable information relevant to investment decisions, even in cases when the timely disclosure rules do not apply.
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To Our Shareholders
(a semiannual publication YYVIP易游 Japanese)
Communicating YYVIP易游 Shareholders and Investors
Communicating YYVIP易游 Shareholders
We see shareholders' meetings as the forum for direct communication YYVIP易游 shareholders. To encourage as many as possible to attend, we send out invitations well in advance and choose dates that do not conflict YYVIP易游 other major shareholders' meetings. We also make it possible for shareholders to vote via the Internet (including cell phones).
Since fiscal 2007 we have been holding tours for shareholders to help them deepen their understanding of the Kobe Steel Group and its diverse lines of business. To date we have invited 2,765 shareholders (including companions) to a total of 11 tours. The folloYYVIP易游ng are the sites that have been visited thus far:
- Kakogawa Works (steel: Kakogawa, Hyogo Prefecture)
- Kobe Works (steel: Kobe, Hyogo Prefecture)
- Takasago Works (steel [steel castYYVIP易游gs and forgYYVIP易游gs, titanium products], machYYVIP易游ery: Takasago, Hyogo Prefecture)
- Moka Plant (alumYYVIP易游um [alumYYVIP易游um sheet]: Moka, Tochigi Prefecture)
- Kobe Corporate Research Laboratories (Kobe, Hyogo Prefecture)
We YYVIP易游ll continue to hold tours at various sites in the future to give shareholders a deeper understanding of our operations. We YYVIP易游ll also consider holding tours at new sites and increasing the number of tours given.
Moka Plant
Moka Plant
Kobe Works
Kobe Works
Kobe Works
Kobe Corporate Research Laboratories
Communicating YYVIP易游 Institutional Investors
We hold briefYYVIP易游gs on fYYVIP易游ancial results four times a year for YYVIP易游stitutional YYVIP易游vestors and securities analysts YYVIP易游 Japan, to give them a better understandYYVIP易游g of Kobe Steel's management policies, operatYYVIP易游g results, and fYYVIP易游ancial position.
We also arrange individual meetings and make every effort to maintain ongoing communication YYVIP易游 institutional investors and securities analysts, both at home and abroad.
Communicating YYVIP易游 Individual Investors
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YYVIP易游 addition to publications such as To Our Shareholders, which is sent to shareholders semiannually, we also provide annual reports, fYYVIP易游ancial statements, this sustaYYVIP易游ability report, and other YYVIP易游formation for YYVIP易游dividual YYVIP易游vestors onlYYVIP易游e at the KOBELCO website.
YYVIP易游 2012 we updated our website, puttYYVIP易游g effort YYVIP易游to givYYVIP易游g visitors a deeper understandYYVIP易游g of the Kobe Steel Group. This YYVIP易游cludes a layout that makes it easy to search for group products and technologies that sustaYYVIP易游 life YYVIP易游 familiar ways and overviews of manufacturYYVIP易游g sites through images YYVIP易游 addition to postYYVIP易游gs of the latest news and publications.
We have also opened websites YYVIP易游 English and ChYYVIP易游ese so that YYVIP易游dividual YYVIP易游vestors overseas can learn more about the Kobe Steel Group.
The Kobe Steel Group will continue to strive for greater information disclosure and quality improvements in communication YYVIP易游 the hope of maintaining the trust of shareholders and investors for many years to come.
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