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 score sheets for 330 companies (300 for 18 industries and 30 for emerging markets) were filed by 593 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:

Corporate Disclosure

2022 Awards for Excellence in Corporate Disclosure

Disclosure Industries
Construction / Housing / Real Estate Sekisui House, Ltd.WIN
Foods Ajinomoto Co., Inc.WIN
Chemicals / Fiber Mitsui Chemicals, Inc.WIN
Cosmetics & Personal care FANCL CORPORATIONWIN
Pharmaceuticals DAIICHI SANKYO COMPANY, LIMITEDWIN
Steel / Non Ferrous Metal NIPPON STEEL CORPORATIONWIN
Machinery Komatsu Ltd.WIN
Electric / Precision OMRON CorporationWIN
Automobile / Parts / Tires Bridgestone CorporationWIN
Transportation Japan Airlines Co., Ltd.WIN
Tele-Communication / Internet NIPPON TELEGRAPH AND TELEPHONE CORPORATIONWIN
Commerce MITSUI & CO., LTD.WIN
Retail MARUI GROUP CO., LTD.WIN
Banks Mitsubishi UFJ Financial Group, Inc.WIN
Insurance/Securities/Other Financing Business Tokio Marine Holdings, Inc.WIN
IT Service / Software Nomura Research Institute, Ltd.WIN
Advertising Services / Media / Entertainment Oriental Land Co., Ltd.WIN
Disclosure Emerging Markets
Emerging Markets BuySell Technologies Co., Ltd.WIN
Smaregi, Inc.WIN
i-plug,inc.WIN
Disclosure to Individual Investors
Disclosure to Individual Investors NIPPON STEEL CORPORATIONWIN
Nomura Research Institute, Ltd.WIN
Ajinomoto Co., Inc.WIN

As a result of the evaluation by the Energy Sub-Group, there is no award for this industry.

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