Corporate Disclosure
The objective of the 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 20 sub-groups (18 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. Evaluations 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 Machinery.
For this year, the score sheets for 309 companies (279 for 17 industries and 30 for emerging markets) were filed by 568 securities analysts, and carefully analyzed / evaluated by each sub-group, and then the Group selected companies performing excellent disclosure in each industry / area as follows:
2023 Awards for Excellence in Corporate Disclosure
Construction / Housing / Real Estate | Sekisui House, Ltd. |
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Foods | Asahi Group Holdings, Ltd. |
Chemicals / Fiber | Mitsui Chemicals, Inc. |
Cosmetics & Personal care | POLA ORBIS HOLDINGS INC. |
Pharmaceuticals | Astellas Pharma Inc. |
Steel / Non Ferrous Metal | Kobe Steel, Ltd. |
Electric / Precision | OMRON Corporation |
Automobile / Parts / Tires | Bridgestone Corporation |
Energy | Idemitsu Kosan Co.,Ltd. |
Transportation | Japan Airlines Co., Ltd. |
Tele-Communication / Internet | NIPPON TELEGRAPH AND TELEPHONE CORPORATION |
Commerce | MITSUI & CO., LTD. |
Retail | MARUI GROUP CO., LTD. |
Banks | Mitsubishi UFJ Financial Group, Inc. |
IT Service / Software | Nomura Research Institute, Ltd. |
Advertising Services / Media / Entertainment | Recruit Holdings Co., Ltd. |
Emerging Markets | SpiderPlus & Co. |
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GMO Financial Gate, Inc. | |
Macbee Planet, Inc. |
Disclosure to Individual Investors | Nomura Research Institute, Ltd. |
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Ajinomoto Co., Inc. |
As a result of the evaluation by the Insurance/Securities/Other Financing Business Sub-Group, there is no award for this industry.