CSR Guidelines & 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.
Number of responses to investor inquiries
- ■Reporting scope
- Toray Group
Result in fiscal 2018
Holding Investor Relations Events to Meet Directly with Stockholders and Investors
Toray Industries conducts same-day briefing sessions for institutional investors and securities analysts to coincide with the release of quarterly and annual earnings results, and fields interview requests from the media. The table below summarizes the main investor relations activities that were conducted in fiscal 2018. 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. The Company holds briefings on its business for stockholders and strives to deepen understanding of Toray Group.
Toray Industries, Inc.
|Number of events||Number of participants / frequency|
|Briefings on business results announcements||President, vice president responsible for investor relations, and vice president responsible for finance and accounting||4 times / year||515|
|Meetings and conference calls with investors and analysts||Vice president responsible for investor relations, General Manager of the Investor Relations Department||As required||560|
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 2018, the Company’s publications were evaluated externally by a number of organizations, as shown below.
|Daiwa Investor Relations Co., Ltd.||Award for outstanding website in 2018|
|Nikko Investor Relations Co., Ltd.||Most outstanding site in overall completeness (top in textile and apparel sector), in a ranking of listed company websites in 2018|
|GOMEZ||Silver Prize (top in textile sector) in IR Site Ranking 2018|
Evaluations from the Perspective of Socially Responsible Investment
Toray Industries was included in the following SRI indices as of August 31, 2019.
- DJSI Asia Pacific
- FTSE 4Good Index/FTSE Blossom Japan Index
- MSCI ESG Indexes
- Ethibel Pioneer & Excellence Registers
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. The Company's annual general meeting of stockholders on June 26, 2018 was attended by 441 stockholders. Toray Industries sends out notices of its general meetings of stockholders as early as possible to give sufficient time for stockholders to review the agenda. In addition, the Company translates the notices of its general meetings of stockholders into English and posts them on its website and has set up a system allowing stockholders to vote electronically.