To make its General Stockholders Meetings easier for investors to attend, Toray avoids scheduling them on dates when other companies' typically hold similar meetings. We also send out invitations as far in advance as possible to give stockholders adequate time to consider the meeting's proposals. In FY 2006, we sent out invitations four weeks prior to the date of the meeting.

On the day that business results are released, the president holds briefings to provide institutional investors and security analysts with an opportunity to hear opinions about the management directly from investors and securities analysts.

To enhance direct communication with individual investors, the chief IR officer and department staff attend briefings sponsored by the Nagoya and Fukuoka stock exchanges.

To promote information disclosure to stockholders and investors, Toray maintains an IR section on its website. This provides information such as notification of business results and other announcements to the securities exchange and the media, as well as materials from briefings, all with the immediacy of the web. These materials are also quickly translated into English and provided on the website. In February 2007, an additional section designed for individual investors was created, providing full information disclosure that is easy to understand.

The opinions of stockholders and investors received through the Investor Relations Department are regularly reported to the Board of Directors, and also regularly discussed with the companywide Communications Committee, and reflected in the company's management activities.