We strive to provide appropriate information regarding our initiatives aimed at sustainable growth and the enhancement of corporate value over the medium to long term through regular earnings briefings and dialogue with shareholders, investors, and other stakeholders, and to convey the valuable feedback we receive to our management team.
We believe that deepening mutual understanding through constructive dialogue with our shareholders, investors, and other stakeholders is essential to enhancing corporate value. Therefore, we will continue to strive for proactive communication in accordance with our IR policy.
1．Basic Policy
2．IR Activities for FY 2025
| Activities | Number of times conducted | Speaker |
|---|---|---|
| Earnings briefing （For institutional investors and securities firm analysts） |
2 times | President, Executive officer in charge and IR team personnel |
| Small meetings （For institutional investors） |
2 times | President, Vice president, Executive officer in charge of IR, Executive officer in charge of administration and IR team personnel |
| 1on1 meetings with institutional investors | 59 times | Executive officer in charge of IR, Executive officer in charge of administration, IR team personnel and others |
| 1on1 meetings with securities firm analysts | 17 times | Executive officer in charge of IR, Executive officer in charge of administration, IR team personnel and others |
3．Main topics of dialogue
①Financial results
?Trends in the construction market, the competitive environment and outlook of mid- to long-term demand
?Trends in the real estate market and the competitive environment
?Profitability at the time of order acceptance and the outlook for future profit margin improvement
?The impact of rising construction material and personnel expenses and the progress of price pass-through
?Our construction capacity and the status of subcontractor arrangements
?Impact of the Situation in the Middle East and our response
②Mid-term business plan
?Qualitative and quantitative progress
?Investment plans and capital allocation
?Approach to and Policy on M&A
③Shareholder returns and stock price
?Our approach to and direction for shareholder returns
?Confirmation of policy on the share buyback
?Assessment of the current stock price and recognition of challenges
?Our response and perspective on the PBR falling below 1
④Sustainability and governance
?Status of initiatives addressing the future shortage of skilled construction workers
?Status of diversity initiatives
?Regarding the proportion of female board members
4．Status of feedback to management and the board of directors
The IR group within the corporate planning department compiles the opinions and requests received through dialogue with shareholders, investors, and other stakeholders. And we share the opinions and requests we receive on an ongoing basis with our management team and the board of directors, including outside directors, and have established a system in place to address these challenges.