Status of Engagement with Shareholders, Investors, etc.
We aim to fairly disclose timely and appropriate information. We engage closely with investors and draw on their feedback to improve corporate value. We accordingly provide extensive opportunities for investors to speak directly with the president and CEO and other members of the management team.
1. Key investor relations activities in fiscal 2024
| Main representatives | Times held | |
|---|---|---|
| Management overview briefing | President and CEO | 1 (After the announcement of financial results for the fiscal year) |
| Earnings briefings | CFO | 4 (Quarterly) |
| Overseas road shows | President and CEO | 3 (Individual visits to institutional investors in Europe, the United States, and Asia) |
| Domestic road shows | CFO | 1 (Individual visits to institutional investors in Japan) |
| Plant tours | Plant department heads | 1 (For analysts and institutional investors) |
| Business briefings | General managers of business unit (relevant executive officers) | 1 (For analysts and institutional investors) |
| Briefings for individual investors | CFO | 2 |
| One-on-one meetings with people in charge of exercising the proxy voting rights of institutional investors (shareholder relations meetings) | President and CEO | 1 (Meetings with 10 companies) |
| Small meetings with the President and CEO | President and CEO | 2 (one for sell-side analysts and one for buy-side analysts) |
| Individual meetings with institutional investors and securities analysts | CFO and Corporate Communications Dept. | Around 150 (Including about 40 with non-Japanese institutional investors) |
| Of which, accounted for by ESG meetings | About 5 |
2. Key topics and areas of interest
- Specialty business growth strategies
- Acquisition of the Urethane Systems business (announcement of acquisition decision made in October 2024)
- Structural reform of ammonia, caprolactam, and nylon polymers
- Measures aimed at enhancing the Price-to-Book Ratio (PBR)
- Efforts to address global environmental issues
- Initiatives to advance human resources strategy
- Change of President and Representative Director
3. Feedback to management
- Reporting insights gained through IR activities and perspectives from analysts and investors to the Board of Directors on a quarterly basis
- Sharing securities firm analyst reports
4. Outcomes from engaging with shareholders, investors, etc.
- A clear and informative disclosure material should be available to provide a comprehensive overview of UBE for investors who are following the company for the first time.
- We prepared and made available an "Investors' Guide" on the company website.
- Please disclose the financial policy in light of ongoing large-scale growth investments.
- The new medium-term management plan announced in FY2025 included an explanation of the company's financial management policy.
- I would like more disclosure about succession planning.
- We explained the succession plan in the Integrated Report 2025.