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Corporate Disclosure

The objective of Corporate Disclosure Study Group is to promote the quality and fairness of corporate disclosure from the viewpoint of securities analysts. To achieve this goal, the Group has implemented a corporate disclosure evaluation and award system since 1995. The Group, comprising representatives from 19 sub-groups (17 industries, emerging markets, and disclosure to individual investors), formulates corporate disclosure review criteria (score sheets) for each industry / area specific features. The criteria attach greater importance to voluntary and positive disclosure rather than mandatory disclosure. Evaluation of emerging market companies and also of disclosure to individual investors were introduced in 2005.

For this year, the Group did not conduct evaluation for the Construction/Housing/Real Estate and Pharmaceuticals.

For this year, the score sheets for 268 companies (242 for 15 industries and 26 for emerging markets) were filed by 504 securities analysts, and carefully analyzed / evaluated by each sub-group, and then the Study Group selected companies performing excellent disclosure in each industry / area as follows:

2016 Awards for Excellence in Corporate Disclosure
Foods Ajinomoto Co., Inc.
Chemicals/Fiber Mitsui Chemicals, Inc.
Petroleum/Mining SHOWA SHELL SEKIYU K. K.
Steel / Non Ferrous Metal Sumitomo Metal Mining Co., Ltd.
Machinery Komatsu Ltd.
Electric/Precision OMRON Corporation
Automobile/Parts/Tires Fuji Heavy Industries Ltd.
Power Generation/Energy Tokyo Gas Co.,Ltd.
Transportation ANA HOLDINGS INC.
Tele-Communication/Internet NIPPON TELEGRAPH AND TELEPHONE CORPORATION
Commerce Mitsubishi Corporation
Retail MARUI GROUP CO., LTD.
Banks Mitsubishi UFJ Financial Group, Inc.
Computer Soft Ware SCSK Corporation
Advertising Services/ Media/ Games *
  

*Due to voluntary declination by the highest scored company, there is no award for Advertising Services/ Media/ Games

Emerging Markets



PROTO CORPORATION
Seria Co.,Ltd.
SEPTENI HOLDINGS CO.,LTD.
Disclosure to Individual Investors Asahi Group Holdings,Ltd.
NIDEC CORPORATION
Mitsubishi UFJ Financial Group, Inc.

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