Communication with Shareholders and Investors (FY 2023)

Kawasaki actively discloses information to shareholders and investors and promotes constructive dialogue General Meetings of Shareholders, Conferences on Financial Results and individual meetings.
The feedback received from the shareholders and investors through these dialogue is reported to the Board of Directors as well as the management of the Representative Director, President and Chief Executive Officer (hereinafter referred to as the “President”) and below, and reflected in the improvement of corporate management including IR activities.


Dialogue system

Dialogue with shareholders and investors are shared among the President and the Representative Director, Senior Corporate Executive Officer (hereinafter referred to as "Senior Corporate Executive Officer". Assistant to the President, in charge of Finance & Accounting, Human Resources, Corporate Communication, etc.).
Under the responsibility of the Executive Officer in charge of the Corporate Communication Group , the Investor Relations Department of the Corporate Communication Group takes the lead in implementing specific measures, discussing and collaborating with the Corporate Planning Department , the Sustainability Department, and related business divisions as necessary.
At the individual meetings, Kawasaki classifies the communication person into three level in accordance with internal regulations (Number of shares held, investment attributes, etc.), namely : President, Senior Corporate Executive Officer, and Senior Manager, Investor Relations Department (or Manager, Investor Relations Section ).
In terms of information disclosure and dialogue, we strictly comply with the disclosure policy and limit the timing of meetings from the viewpoint of fair disclosure and insider trading prevention.


Results of Dialogue (FY 2023)

Actual results Target main explainer Summary
General Meeting of Shareholders Once Shareholders President, Directors, Member of the Board and Executive Officers Medium- to long-term management policies, in addition to matters determined by law etc.
Group Vision 2030・
Progress Report Meeting
Once Institutional investors, securities analysts and A member of the press President and Executive Officers Executive Officer in charge of the content explains the progress of the future strategy
Conferences on Financial Results 4 times Institutional investors, Securities analysts and A member of the press President and Senior Corporate Executive Officer In the fiscal year, the president and Senior Corporate Executive Officer explained the results and full-year outlook. In other quarterly financial results, the Senior Corporate Executive Officer explained the results of financial results.
Small meeting Once Institutional investors and Securities analysts President
Individual meetings 326 cases Institutional investors and Securities analysts Senior Manager and Investor Relations Department , etc. Include theme-specific dialogue
Business briefing/factory tour 9 cases Institutional investors and Securities analysts Senior Manager, Investor Relations Department and Head of related departments Conducted at factories and offices in Japan and overseas, focusing on specific projects and themes
Sponsored by securities companies
Conference in Japan
4 times Institutional investor Senior Corporate Executive Officer Met with multiple institutional investors at a single conference
Overseas IR 3 times Institutional investors Senior Corporate Executive Officer Met with institutional investors in Europe, and attended conferences in North America and Asia
Sustainability Meeting Once Institutional investors and Securities analysts Senior Corporate Executive Officer,
Executive Officer and Head of related departments
Explained our sustainability efforts from an ESG perspective
Individual meetings (SR) 14 cases Shareholders (Persons in Charge of Exercising Voting Rights of Institutional Investors, etc.) Senior Manager, Investor Relations Department and Head of related departments Dialogue centered on ESG (environment, society and governance) as part of Shareholder Relations (SR) and in response to the Stewardship Code of Conduct for institutional investors
Other Events Twice Shareholders (Individuals) Executive Officer,
Senior Manager, Investor Relations Department and Head of related departments
Tour of the National Museum of Western Art and Corporate Technology Division mainly for individual shareholders
Group Vision 2030・Progress Report Meeting (December, 2023)
Business briefing/factory tour for Securities Analyst
in Kawasaki Motors Manufacturing Corp., USA (September, 2023)

Main themes of the dialogue

When Kawasaki communicates with shareholders and investors, we select themes that are topics of high interest to them , focusing on the priority areas and policies outlined in Group Vision 2030.

Management strategy
  • Progress of new business including products and services related to the three focus fields
  • Medium- to long-term growth scenarios by segment
  • Portfolio reform and organizational reform
  • Key Performance Indicators (KPIs)
Individual business
  • Hydrogen supply chain
  • U.S. Four-wheelers business and defense business, etc.
Performance
  • Short-term performance
  • Medium- to long-term performance image
Shareholder returns and stock prices
  • Shareholder return policy
Sustainability
  • Carbon-neutral strategy
  • Evaluating the Effectiveness of the Board of Directors
  • Reforming our personnel systems, Promoting active use of human resources

Feedback to management

Investor Relations Department provide timely and appropriate feedback to the management by submitting suggestions obtained through dialogue to the Board of Directors as IR activity reports on a regular basis (3 ~4 times a year).

Number of times Contents
IR Activity Report 3~4 times/year Investor Relations Department has reported the following to the Board of Directors as below:
  • IR Activities and Future Plans
  • Analysis of stock price trends
  • Verification of market valuation (comparison of valuation indicators with each company, etc.)
  • Trends in analysts' ratings and target price
  • Introduction to Analyst Report Comments
  • Analyst earnings forecast
  • Valuation from shareholders and investors
Regular monthly report to the president 1 time/month Investor Relations Department attends to meetings attended by the President and other senior management members. The Department has reported on important IR issues there and if necessary, express the Department's views on other proposals for discussion.
IR Weekly Report 1 time/week Investor Relations Department has reported on Analyzes market conditions and IR activities to the President, Senior Corporate Executive Officers, and other management on a weekly basis
Other - Investor Relations Department has reported on the shareholder structure and the shareholding trends of institutional investors, etc. in a timely manner as necessary.

Results from dialogue with shareholders and investors

Kawasaki has planned highly accurate earnings forecasts and effective medium- to long-term strategies by feeding back the insights and discussions gained through dialogue into the management plan of the company and incorporating them as necessary.
In addition, in order to be more beneficial to both the shareholders and investors and Kawasaki, Kawasaki is continuously improving the presentation of financial results explanatory materials* and upgrading KPIs.

*Example: Details of factors for changes in business profit and loss in financial forecasts and disclosure of Orders Received and Revenue in the defense business, which is highly watched by the capital market


Other shareholders and investors Assessments

Kawasaki also works actively on related to sustainability and has been adopted in a number of ESG stock index components, including the DJSI (Dow Jones Sustainability Asia Pacific Index).

For more information, please refer to the link below.
https://global.kawasaki.com/en/corp/sustainability/esg/evaluation.html


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