Note:The following document is an English translation of the Japanese-language original.
Asahi Broadcasting Corporation IR and Information Disclosure Policy
1. Basic Policy
The Company recognizes all of its many stakeholders, including shareholders and investors, viewers, listeners, advertisers, business partners, employees and local communities as supporters of Asahi Broadcasting Corporation and ABC fans. Along with its current status and operating results, the Company conveys information on its management policies and growth strategies in a fair, accurate and accessible manner and strives to deepen understanding of the Company through robust communication with its diverse base of stakeholders.
In conjunction with timely and proper disclosure required by relevant laws and regulations, the Company also proactively announces matters beyond disclosure required by law. In terms of content, the Company strives to deliver high-value-added, accessibly expressed content tailored to the attributes and concerns of the intended recipient.
The Company encourages active dialogue with shareholders and investors who are focused on corporate value from a long-term perspective.
2. Content of Information Disclosure and Public Release
The Company strive to disclose and release to the public the content described below to produce high-value-added information.
(1) Financial information
(2) Business information
(3) Information regarding management strategy (including medium-term business plans)
(4) Information regarding corporate governance
(5) Information on CSR and related topics
3. Decisions Regarding Information Disclosure and Public Release
The content, timing and method of information disclosure and public release are decided by the director responsible for information disclosure, both in accordance with relevant laws and regulations and after examination and confirmation with members of the Investor Relations Committee and Investor Relations Committee Secretariat.
4. Method of Information Disclosure and Public Release
In addition to disclosure methods based on relevant laws and regulations, the Company strives to release information via its website, printed materials and other means, utilizing written information as well as videos, images and other tools.
The Company posts on its corporate website earnings reports, corporate overviews and its corporate governance policy in English. As the percentage of non-Japanese shareholders increases, we will strive to expand our disclosure and public release of information in English going forward.
5. Structure for Investor Relations Activities
The Company has developed the following system to encourage constructive dialogue with shareholders and investors, and to pursue proactive investor relations (IR) activities.
(1) Established a director responsible for investor relations.
(2) Established full-time IR duty personnel under the General Affairs Department of the General Affairs Division.
(3) Established an Investor Relations Committee and Investor Relations Committee Secretariat to promote coordination between divisions and to examine disclosure and public release of IR activities and information. The Investor Relations Committee is chaired by the President and Chief Executive Officer, with the director responsible for IR and the directors and general managers of the Management Strategy Office, General Affairs Division and Financial Affairs Division as members. The Investor Relations Committee Secretariat, headed by the IR director, consists of general managers from the aforementioned divisions, as well as members involved in IR practice and supervision.
(4) As a basic rule, directors are responsible for face-to-face discussions with shareholders and investors, with the decision made rationally based on shareholder and investor attributes and interests, with support provided by General Affairs Division personnel.
6. Method of Dialogue with Shareholders and Investors
The Company utilizes the following methods to conduct dialogue with shareholders and investors.
(1) Face-to-face individual meetings notably with principal shareholders and institutional investors
(2) Earnings briefings held for institutional investors and analysts (twice annually in Tokyo)
(3) Participation in company briefings and other events for individual investors (as needed mainly in Osaka and Tokyo)
(4) Sponsoring of shareholder socials (once annually in Osaka and Tokyo, from fiscal 2016)
(5) Various information posted to the corporate website
(6) Twice-annual publication of shareholder correspondence (business report)
7. In-house Feedback
Opinions and proposals from shareholders and investors collected from face-to-face meetings, briefings and other venues are recorded and preserved, then reported as needed to representative directors, the Investor Relations Committee, the Board of Executive Managing Directors, division head meetings and others, where they are reflected in future management planning and IR activity policies.
8. Management of Insider Information
As stated below, the Company appropriately controls insider information during discussions with shareholders and investors.
(1) In accordance with internal regulations, we verify the existence of as-yet undisclosed but material facts and avoid discussing such matters with shareholders and investors.
(2) A “silent period” is observed three weeks prior to the announcement of financial results each quarter, during which we refrain from answering or commenting on inquiries pertaining to financial results.
9. Ascertaining Actual Shareholders
As necessary, the Company strives to properly ascertain the identity and trends surrounding its actual shareholders domestically and internationally.