Note:The following document is an English translation of the Japanese-language original.
1. Basic Policy
Asahi Broadcasting Group Holding Corporation (the “Company”) recognizes all of its many stakeholders, including shareholders and investors, the Asahi Broadcasting Group’s (the “Group”) viewers, listeners, advertisers, business partners, employees and local communities as supporters of the Group and ABC fans. Along with its current status and operating results, the Group conveys information on its management policies and growth strategies in a fair, accurate and accessible manner and strives to deepen understanding of the Group 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 the Investor Relations Committee.
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 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 Representative Director and President and has the director in charge of investor relations as executive secretary and the directors and persons responsible of the Management Strategy Division, General Affairs Division, and Financial Affairs Division as members.
(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 Directors, division head meetings, Group’s briefing sessions and others, where they are reflected in future management planning and IR activity policies.
8. Management of Important Facts and Information
In accordance with insider trading regulations and fair disclosure rules, the Company appropriately controls important facts and information during discussions with shareholders and investors as stated below.
(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.
(3) The Company will promptly release information conveyed at its earnings briefings, etc. on its corporate website. Important facts contained therein will be released at the same time as at the briefing.
9. Ascertaining Actual Shareholders
As necessary, the Company strives to properly ascertain the identity and trends surrounding its actual shareholders domestically and internationally.
(Resolution of the Board of Executive Directors on November 9, 2015)
(Revision on March 6, 2018/Implementation on April 1, 2018)
(Revision/Implementation on June 19, 2018)