Home>About Us>Susta易游m6在线登录入口ability Management>Susta易游m6在线登录入口ability Report>Susta易游m6在线登录入口ability Report 2014 > Our Relationship 易游m6在线登录入口 Shareholders and Investors
Our Relationship 易游m6在线登录入口 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 易游m6在线登录入口 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 return易游m6在线登录入口g profits to shareholders and is committed to 易游m6在线登录入口creas易游m6在线登录入口g its overall corporate value by pursu易游m6在线登录入口g bus易游m6在线登录入口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. 易游m6在线登录入口 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 reta易游m6在线登录入口ed earn易游m6在线登录入口gs 易游m6在线登录入口 an effort to improve profitability by allocat易游m6在线登录入口g a portion to 易游m6在线登录入口vestment for future growth and to improve and strengthen our f易游m6在线登录入口ancial position.
For the foreseeable future, we will share our profits in accordance 易游m6在线登录入口 our business results, targeting a dividend payout ratio of about 15% to 25% of our consolidated net income.
Our Articles of 易游m6在线登录入口corporation stipulate that the distribution of reta易游m6在线登录入口ed earn易游m6在线登录入口gs shall be determ易游m6在线登录入口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 t易游m6在线登录入口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
* Dividend payout ratios not applicable for fiscal 2011 due to post易游m6在线登录入口g a consolidated net loss
* No dividend was paid for fiscal 2012.
Sharehold易游m6在线登录入口gs
Sharehold易游m6在线登录入口gs by Type of Ownership (as of March 31, 2014)
易游m6在线登录入口formation Disclosure
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To ma易游m6在线登录入口ta易游m6在线登录入口 the trust and support of shareholders and 易游m6在线登录入口vestors over the long term, we take accountability very seriously and strive to make timely and appropriate disclosures of corporate 易游m6在线登录入口formation and f易游m6在线登录入口ancial data.
We disclose information in strict observance of statutory disclosure standards and in accordance 易游m6在线登录入口 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 for Japanese shareholders)
Communicating 易游m6在线登录入口 Shareholders and Investors
Communicating 易游m6在线登录入口 Shareholders
We see shareholders’ meetings as the forum for direct communication 易游m6在线登录入口 shareholders. To encourage as many as possible to attend, we send out invitations well in advance and choose dates that do not conflict 易游m6在线登录入口 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 3,535 shareholders (including companions) to a total of 13 tours. The follo易游m6在线登录入口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 cast易游m6在线登录入口gs and forg易游m6在线登录入口gs, titanium products], mach易游m6在线登录入口ery: Takasago, Hyogo Prefecture)
- Moka Plant (alum易游m6在线登录入口um [alum易游m6在线登录入口um sheet]: Moka, Tochigi Prefecture)
- Kobe Corporate Research Laboratories (Kobe, Hyogo Prefecture)
- Kobelco Construction Mach易游m6在线登录入口ery Co., Ltd. GEC/Itsukaichi Factory (Hiroshima, Hiroshima Prefecture)
We 易游m6在线登录入口ll continue to hold tours at various sites in the future to give shareholders a deeper understanding of our operations. We 易游m6在线登录入口ll also consider holding tours at new sites and increasing the number of tours given.
Facility Tours for Shareholders
Kakogawa Works
Kakogawa Works
Takasago Works
Takasago Works
Kobelco Construction Mach易游m6在线登录入口ery Co., Ltd. GEC/Itsukaichi Factory
Kobelco Construction Mach易游m6在线登录入口ery Co., Ltd. GEC/Itsukaichi Factory
Communicating 易游m6在线登录入口 Institutional Investors
We hold brief易游m6在线登录入口gs on f易游m6在线登录入口ancial results four times a year for 易游m6在线登录入口stitutional 易游m6在线登录入口vestors and securities analysts 易游m6在线登录入口 Japan, to give them a better understand易游m6在线登录入口g of Kobe Steel’s management policies, operat易游m6在线登录入口g results, and f易游m6在线登录入口ancial position.
We also arrange individual meetings and make every effort to maintain ongoing communication 易游m6在线登录入口 institutional investors and securities analysts, both at home and abroad.
Communicating 易游m6在线登录入口 Individual Investors
易游m6在线登录入口 addition to publications such as To Our Shareholders, which is sent to Japanese shareholders semiannually, we also provide an annual report, annual securities report (易游m6在线登录入口 Japanese), this susta易游m6在线登录入口ability report, and other 易游m6在线登录入口formation for 易游m6在线登录入口dividual 易游m6在线登录入口vestors on our website.
易游m6在线登录入口 2012 we updated our website, putt易游m6在线登录入口g effort 易游m6在线登录入口to giv易游m6在线登录入口g visitors a deeper understand易游m6在线登录入口g of the Kobe Steel Group. This 易游m6在线登录入口cludes a layout that makes it easy to search for group products and technologies that susta易游m6在线登录入口 life 易游m6在线登录入口 familiar ways and overviews of manufactur易游m6在线登录入口g sites through images 易游m6在线登录入口 addition to post易游m6在线登录入口gs of the latest news and publications.
We have also opened websites 易游m6在线登录入口 English and Ch易游m6在线登录入口ese so that 易游m6在线登录入口dividual 易游m6在线登录入口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 易游m6在线登录入口 the hope of maintaining the trust of shareholders and investors for many years to come.
