The Yamaha Group strives to disclose information in a fair and timely manner for the benefit of institutional and private investors in Japan and abroad. Rules for this disclosure are set forth in the Disclosure Policy, which is published on the Yamaha website.
Information Disclosure and IR Activities (Communication with Shareholders and Investors)
- Information Disclosure Policy
- IR Activities
- Efforts Towards Socially Responsible Investment
- Returns to Shareholders and Retained Earnings
Information Disclosure Policy
Proper information disclosure is critical for conducting continued transparent business operations with the true understanding of shareholders, investors, and other stakeholders. The Yamaha Group states in its Compliance Code of Conduct that it will provide a true and accurate report of financial conditions and operational results to its shareholders. This will be done in accordance with laws and other regulations, and shall be provided to shareholders and government entities. Appropriate management information is provided to shareholders and investors as well.
- *1 IR: Investor Relations(corporate communication for shareholders and investors)
Website for Investors
We have launched an English and Japanese website for investors on the Yamaha website that provides access to news as well as a mail magazine with up-to-date information on our business, including financial reports and data.
Proactive IR Activities
Yamaha makes effort to communicate with stockholders and investors in both Japan and overseas through regular events such as result briefings, and other events including business briefings for securities analysts/institutional investors, factory/facility tours, and explanatory meetings for private investors. The opinions and information gathered through dialogue with our stockholders and investors are shared internally among related departments, and these findings are reflected in our IR activities and execution of management.
|Target Audience||Timing||Conducted in FY 2017|
|Results briefings||Securities analysts
|Business briefings||Same as above||Irregular||1|
|Factory/facility tours||Same as above||Irregular||1|
|Individual sit-downs||Same as above||About 250 times/year||260|
|Overseas investor visits||Overseas institutional investors||3 times/year (U.S., Europe, Asia)||3|
|Medium-term management plan briefings||Securities analysts
|An explanatory meeting for private investors||Private investors||Irregular (in Japan)||1|
Efforts Towards Socially Responsible Investment
In recognition for the company’s regard for society and the environment, Yamaha Corporation continues to be included in indexes in Japan and abroad that include the Socially Responsible Investment (SRI) indexes*2 and SRI funds. Among these SRI indexes are the FTSE4Good Global Index, MSCI Global Sustainability Indexes, and the Morningstar Social Responsibility Index (MS-SRI).
- *2 SRI (Socially Responsible Investment) Index: An index that monitors movements in the share prices of companies grouped together selected for their outstanding financial and CSR qualities.
As one way of measuring financial soundness, each year Yamaha Corporation commissions a long-term preferred debt rating assessment from credit rating agencies. The results are shown below.
|Rating and Investment Information, Inc. (R&I)||A|
|Japan Credit Rating Agency, Ltd. (JCR)||A+|
Returns to Shareholders and Retained Earnings
Information about the Company’s policy concerning returns to shareholders and retained earnings can be found below.
Yamaha conducts a special incentive plan for shareholders in Japan.