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CSR Activity Report (CSR Guideline Activity Reports) - Communication
Communication with Stockholders and Investors
In accordance with its Information Disclosure Policy, Toray Industries, Inc. makes sure to disclose information required under laws and regulations in an accurate, timely and appropriate manner, as well as a broad range of additional information beyond these requirements. The Company’s Investor Relations Department was established to liaise with stockholders and investors, aiming to create as many communication opportunities as possible.
Interviews with key investors in which management participates (number)
- ■Reporting scope
- Toray Group
- ■Target in fiscal 2023
- Cumulative total of 120
Result in fiscal 2023
Cumulative total of 197
Holding Investor Relations Events to Communicate with Stockholders and Investors and Giving Feedback to Top Management
Toray Industries actively communicates with institutional investors and securities analysts through same-day briefing sessions held shortly after the release of quarterly and annual earnings results. Additionally, it holds interviews and IR seminars focused on business overviews and strategies. The Company also conducts information and briefing sessions for shareholders and for individual investors. Feedback received at investor briefing sessions and through communication with investors and stockholders is regularly reported to the Board of Directors, helping to guide management and business activities.
- Information session for shareholders
- Toray President Mitsuo Ohya making a presentation at an IR seminar
Activities | Number of events | Number of meetings/participants |
---|---|---|
Meetings with institutional investors and securities analysts | As required | 572 meetings |
IR seminars for institutional investors and securities analysts | 3 | 292 participants |
Briefing sessions for individual investors | 1 | 78 participants |
Information sessions for shareholders | 1 | 68 participants |
External Evaluation of Information Disclosure to Investors
In the “Investor Relations” section of its corporate website, Toray Industries provides information about its financial results and management policies and strategies for stockholders and investors. In an effort to disclose information fairly, the Company promptly posts financial data and presentation materials, including English translations, used in its briefings for institutional investors. In fiscal 2023, the Company’s publications were evaluated externally by a number of organizations, as shown below.
■Website Evaluations
Organization details | Evaluations |
---|---|
Daiwa Investor Relations Co., Ltd. | 2023 Internet IR Awards Award for outstanding website |
Nikko Investor Relations Co., Ltd. | 2023 All Japanese Listed Companies' Website Ranking (AAA Website in overall ranking) |
GOMEZ | Silver Prize (top in textile sector) in IR Site Ranking 2023 |
■Annual Report Evaluation
Evaluations |
---|
LACP 「2022/23 Vision Awards」 Gold Award, Technical Achievement Award |
Evaluations from the Perspective of Socially Responsible Investment
- Included in Dow Jones Sustainability™ Asia / Pacific Index
- Listed in The S&P Global Sustainability Yearbook 2024
- Included in FTSE4Good Index / FTSE Blossom Japan Index / FTSE Blossom Japan Sector Relative Index
- Received AAA rating in MSCI ESG Ratings / Included in MSCI Japan ESG Select Leaders Index
Convenient General Stockholders Meetings
For the convenience of its stockholders, Toray Industries avoids holding its general meeting of stockholders on a date when many other companies in Japan hold their meetings. Toray Industries held its general meeting of stockholders on June 27, 2023. Since 2021, it has been live-streaming a hybrid in-person/online meeting to accommodate stockholders who are unable to attend and/or are in remote locations. Every year, the general stockholders’ meeting notice is sent out and posted on the website approximately four weeks in advance of the meeting to give stockholders extra time to review the agenda items. The meeting notice is also translated into English, and voting enhancements include smartphone-based electronic proxy voting and an electronic voting platform for institutional investors.
In 2023, to comply with an amendment to Japan’s Companies Act that requires electronic provision of materials for general shareholders meetings, Toray Industries began sending out summarized versions of its meeting notices. In 2024, the general meeting of stockholders was held on June 25. To improve shareholder convenience and accessibility, the meeting notices were prepared in full color and audio narration was added for the reporting items.
Click here for the main initiatives for CSR Guideline 6, “Communication” in CSR Roadmap 2025.