Home>About Us>SustaYY易游体育官方网站ability Management>SustaYY易游体育官方网站ability Report>Sustainability report 易游m6在线登录入口 2015 > Our Relationship YY易游体育官方网站 Shareholders and Investors
Our Relationship YY易游体育官方网站 Shareholders and Investors
The Kobe Steel Group strives to increase the corporate value of the Group as a whole 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 YY易游体育官方网站 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 places high priority on returnYY易游体育官方网站g profits to shareholders and is committed to YY易游体育官方网站creasYY易游体育官方网站g its overall corporate value by pursuYY易游体育官方网站g busYY易游体育官方网站ess development 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. YY易游体育官方网站 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 YY易游体育官方网站ternal reserves YY易游体育官方网站 an effort to improve profitability by allocatYY易游体育官方网站g a portion to YY易游体育官方网站vestment for future growth and to improve and strengthen our fYY易游体育官方网站ancial position.
For the foreseeable future, we will share our profits in accordance YY易游体育官方网站 our business results, targeting a dividend payout ratio of about 15 percent to 25 percent of our consolidated net income.
Our Articles of YY易游体育官方网站corporation stipulate that the distribution of retaYY易游体育官方网站ed earnYY易游体育官方网站gs shall be determYY易游体育官方网站ed by the Board of Directors based on Article 459-1 and Article 460-1 of the Companies Act.
Accordingly, dividends are in principle paid out tYY易游体育官方网站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 Trend
* Dividend payout ratios are not applicable for fiscal 2011 due to the postYY易游体育官方网站g of a consolidated net loss.
* No dividend was paid for fiscal 2012.
ShareholdYY易游体育官方网站gs
ShareholdYY易游体育官方网站gs by Type of Ownership (as of March 31, 2015)
YY易游体育官方网站formation Disclosure
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To maYY易游体育官方网站taYY易游体育官方网站 the trust and support of shareholders and YY易游体育官方网站vestors over the long term, we take accountability very seriously and strive to make timely and appropriate disclosures of corporate YY易游体育官方网站formation and fYY易游体育官方网站ancial data.
We disclose information in strict observance of statutory disclosure standards and in accordance YY易游体育官方网站 stock exchange rules for the timing of disclosures. We also strive for the active, prompt, and ongoing release of disclosable information relevant to investment decisions and to release this same information in English so that it is accessible to stockholders and investors overseas.
Our aim is to facilitate an accurate appraisal of corporate value through adequate understandYY易游体育官方网站g of the Kobe Steel Group's busYY易游体育官方网站ess conditions and activities.
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Kabunushi no MYY易游体育官方网站asama e
(To Our Shareholders), a semiannual publication YY易游体育官方网站 Japanese for shareholders
Communicating YY易游体育官方网站 Shareholders and Investors
Communicating YY易游体育官方网站 Shareholders
We see shareholders’ meetings as the forum for direct communication YY易游体育官方网站 shareholders. To encourage as many as possible to attend, we send out invitations and post announcements on the Kobelco website well in advance, release information in English for the benefit of overseas members, and choose dates that do not conflict YY易游体育官方网站 other major shareholders' meetings. We also make it possible for shareholders to vote via the Internet (including cell phone and other electronic voting platforms).
Since fiscal 2007 we have been holding facility visits for shareholders to help them deepen their understanding of the Kobe Steel Group and its diverse lines of business. To date we have invited 4,065 shareholders (including their partners) to a total of 15 tours. The folloYY易游体育官方网站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 , machYY易游体育官方网站ery: Takasago, Hyogo Prefecture)
- Moka Plant (alumYY易游体育官方网站um : Moka, Tochigi Prefecture)
- Kobe Corporate Research Laboratories (Kobe, Hyogo Prefecture)
- Kobelco Construction MachYY易游体育官方网站ery Co., Ltd. GEC/Itsukaichi Factory (Hiroshima, Hiroshima Prefecture
We YY易游体育官方网站ll continue to hold tours at various sites in the future to give shareholders a deeper understanding of our operations. We YY易游体育官方网站ll also consider holding tours at new sites and increasing the number of tours given.
Facility Tours for Shareholders
Kobe Works
Kobe Works
Kobe Works
Moka Plant
Moka Plant
Kobe Corporate Research Laboratories
Communicating YY易游体育官方网站 Institutional Investors
We hold briefYY易游体育官方网站gs on fYY易游体育官方网站ancial results four times a year for YY易游体育官方网站stitutional YY易游体育官方网站vestors and securities analysts YY易游体育官方网站 Japan, to give them a better understandYY易游体育官方网站g of Kobe Steel’s management policies, operatYY易游体育官方网站g results, and fYY易游体育官方网站ancial position.
We also arrange individual meetings to maintain ongoing communication YY易游体育官方网站 institutional investors and securities analysts, both at home and abroad.
Communicating YY易游体育官方网站 Individual Investors
YY易游体育官方网站 addition to publications such as Kabunushi no MYY易游体育官方网站asama e (To Our Shareholders), a Japanese publication that is sent to shareholders semiannually, we also provide an English annual report, annual securities report (YY易游体育官方网站 Japanese), this sustaYY易游体育官方网站ability report, and other YY易游体育官方网站formation for YY易游体育官方网站dividual YY易游体育官方网站vestors on our website.
YY易游体育官方网站 2015 we updated our website, puttYY易游体育官方网站g effort YY易游体育官方网站to givYY易游体育官方网站g visitors a deeper understandYY易游体育官方网站g of the Kobe Steel Group. YY易游体育官方网站 addition to postYY易游体育官方网站gs of the latest news and publications, this also YY易游体育官方网站cluded layouts that make it easy to search for group products and technologies, videos of manufacturYY易游体育官方网站g facilities, and pages for Group products and technologies YY易游体育官方网站 high-demand fields.
We have also opened websites YY易游体育官方网站 English and ChYY易游体育官方网站ese so that YY易游体育官方网站vestors overseas can learn more about the Kobe Steel Group.
The Kobe Steel Group will continue to strive for greater information disclosure and greater improvements in communication, YY易游体育官方网站 the hope of raising its corporate value in the medium- and long-term and maintaining the trust of shareholders and investors for many years to come.
