Dialogue with Shareholders and Investors
Policies Regarding Dialogue with Shareholders and Other Investors
The Yamaha Group conducts appropriate disclosure and constructive dialogue with shareholders, investors, and other stakeholders in accordance with the following policies and codes of conduct. The input gathered through these activities is reported to the Board of Directors as appropriate to reflect this input into business activities in order to drive ongoing growth and medium- to long-term improvements in corporate value.
The Yamaha Group strives to disclose information in a fair and timely manner for the benefit of institutional and private investors around the world. Rules for disclosure are set forth in the Disclosure Policy, which is available on the Company’s corporate website.
Website for Investors
The investor relations (IR) section of Yamaha’s corporate website (available in English and Japanese) provides up-to-date information on our business, including business strategies, information on medium-term management plans, earnings reports, financial data, and annual reports, along with newsletters. In fiscal 2023, the IR section of our website received a number of honors, namely a 2022 Internet IR Commendation Award (Daiwa Investor Relations Co. Ltd.), recognition as a AAA website in the overall category of the 2022 homepage ranking of all listed companies (Nikko Investor Relations Co., Ltd.), and a silver award in the ranking of companies with superior IR websites (Gomez). These honors reflected the evaluation of the website’s extensive selection of corporate and management information.
Major IR Activities
Yamaha is bolstering engagement with shareholders and other investors in both Japan and overseas through various activities such as quarterly results briefings and other regular events as well as business briefings for securities analysts and institutional investors, factory and facility tours, and explanatory meetings for private investors, which are held as needed. We have also been increasingly utilizing online communication tools for IR activities in recent years. The opinions and information gathered through engagement with shareholders and other investors are shared internally among the related departments, and these findings are reflected in our IR activities and in the execution of management.
|Times held in fiscal 2023
|Financial results briefings
|Same as above
|Factory and facility tours
|Same as above
|Same as above
|Approx. 200 times a year
|Overseas investor visits
|Overseas institutional investors
|Three times a year (United States, Europe, and Asia)
|Medium-term management plan briefings
|Company briefings for private investors
|Irregularly (in Japan)
ESG Investment Initiatives
Yamaha Corporation has been included in domestic and overseas environmental, social, and governance (ESG) indices*1 and ESG funds based on the consideration it exercises for the environment and for society.
For more details, please refer to the following website.
Credit Ratings (As of March 31, 2023)
|Rating and Investment Information, Inc.
|Japan Credit Rating Agency, Ltd.
Shareholder Returns and Retained Earnings
The Company’s shareholder returns and retained earnings policies are explained in the following link.
Yamaha Corporation has introduced special incentive programs for shareholders to express its appreciation for their daily support and to foster greater understanding and support for Yamaha’s business. Shareholder benefit programs are available only to residents of Japan.