Communicating with Shareholders and Investors
We strive to disclose information in a fair, timely, and appropriate manner, in accordance with the Disclosure Policy posted on our website, and we keep an open channel to shareholders and investors through various investor relations (IR) activities at home and abroad to promote communication.
General Meeting of Shareholders
At Kawasaki, we believe that the General Meeting of Shareholders—the highest corporate decision-making body of any company—is an important opportunity for communication between the Board members and our shareholders.
To avoid the period in which other shareholders’ meetings are concentrated, we send out the convocation notice even earlier than the deadline required by law. In addition, we prepare an English-language version of our official Japanese-language convocation notice for the convenience of our shareholders overseas and post it on our website and elsewhere.
Shareholders who are unable to attend the meeting in person now have the option of exercising their voting rights through the Internet or by mobile phone.
At the meeting venue, we seek to present information, which highlights our business progress and results over the past year, in an easy-to-understand format utilizing video. Presentation materials from past meetings are available for viewing on our website.
Measures to Revitalize the General Meeting of Shareholders and Facilitate the Exercise of Voting Rights
| Schedule general meeting of shareholders around peak shareholder meeting dates of other companies | We schedule our general meeting of shareholders around days when most other companies hold their meetings, so that as many shareholders as possible can attend. |
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| Early distribution of convocation notice for shareholders’ meeting | To give shareholders sufficient time to look over agenda items, we post the convocation notice which is earlier than legally required. |
| Exercising voting rights by electromagnetic methods | For shareholders who are unable to attend a general meeting of shareholders in person, we adopted a system that allows them to exercise their voting rights over the Internet by computer or mobile phone. |
| Participation in electronic voting platform and other measures to make environment better for institutional investors to exercise their voting rights | We joined the electronic proxy voting platform operated by Investor Communications Japan, Inc., for institutional investors and foreign investors, effective from the June 2006 general meeting of shareholders. |
| Availability of convocation notice (summary) in English | The original Japanese-language convocation notice and its English translation are made available for viewing and downloading on our website and other sites before the materials are sent out by post, and we encourage all shareholders to exercise their right to vote. |
| Other | At the general meeting of shareholders, we use video and other methods to provide shareholders with an easy-to-understand review of the business activities and results achieved by our operating segments over the past fiscal year. (Materials used at previous meetings are posted on our website.) |
Return of Profits
The Company considers the return of profits to shareholders as being an important management issue. The Company aims to enhance shareholder value over the long term through continuous, advanced research and development and innovative capital investment, which is necessary for future growth. The Company’s basic policy is to maintain a medium- and long-term dividend payout ratio of 30% to the net income attributable to owners of parent and to distribute surplus twice a year as an interim dividend and a year-end dividend, by fully taking into consideration future earnings trends and its financial position so as to keep a balance between enhancing shareholder value and returning profits to shareholders.
Annual cash dividends per share are posted on our website.
IR Activities
Kawasaki strives to improve dialogue with shareholders and investors through IR activities matched to diversifying needs. The Company also seeks to use the comments expressed in the context of these IR activities as internal feedback and works to reflect the comments in management and business operations.
Status of IR Activities
| Supplementary Information | Explanation by Representative | |
|---|---|---|
| Preparation and Announcement of Disclosure Policy | We prepare our disclosure policy and post it on our website. | |
| Regular financial results briefings for analysts and institutional investors | We hold financial results briefings twice a year, when results for the first two quarters
are announced and when results for the full year are announced. The president and director
responsible for financial matters provide details on business results during the respective
periods, reveal performance forecasts, and offer explanations about future management
strategies and other topics of interest. Key question-and-answer content from financial results briefings is posted on our website in the IR Information section. |
Yes |
| Separate visits to overseas institutional investors | Executives’ overseas activities include visits to institutional investors in North America and in Europe. | Yes |
| Posting IR materials on the website | The Company has allocated a specific area of its website for posting IR materials, in English and
in Japanese, mainly in the categories (1) to (7) below. (1) Consolidated financial reports (2) Timely disclosure materials other than financial reports (3) Yukashoken Hokokusho (Japanese-language business reports) and quarterly reports (4) Convocation notices for the general meeting of shareholders (5) Japanese-language semiannual and annual reports (6) English-language semiannual and annual reports (7) Presentation materials from financial results briefings. |
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| Establishment of department (officer) specifically for IR | IR matters are handled by the Investor Relations Department and by the General Administration Department's documentation and stock section. | |
| Other | We organize a factory tour twice a year as an opportunity to encourage contact with individual shareholders. |
Contact
If you need more information about our business,
please feel free to contact us.
