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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 304 companies (276 for 17 industries and 28 for emerging markets) were filed by 469 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:

2019 Awards for Excellence in Corporate Disclosure

Disclosure Industries

Construction / Housing / Real Estate Daito Trust Construction Co., Ltd.
Foods Asahi Group Holdings,Ltd
Chemicals / Fiber Mitsui Chemicals, Inc.
Cosmetics & Personal care Kao Corporation WIN
Pharmaceuticals SHIONOGI & CO., LTD.
Steel / Non Ferrous Metal Sumitomo Metal Mining Co., Ltd.
Electric / Precision Sony Corporation
Automobile / Parts / Tires SUBARU CORPORATION
Energy JXTG Holdings, Inc.
Transportation Japan Airlines Co., Ltd.
Tele-Communication / Internet GMO Payment Gateway, Inc.
Commerce MITSUI & CO., LTD.
Retail Pan Pacific International Holdings Corporation
Banks Sumitomo Mitsui Financial Group, Inc. WIN
Insurance / Securities Tokio Marine Holdings, Inc. WIN
Computer Soft Ware Nomura Research Institute, Ltd.
Advertising Services / Media / Entertainment Oriental Land Co., Ltd.

Disclosure Emerging Markets


Emerging Markets

TKP Corporation WIN
Uzabase, Inc.

Disclosure to Individual Investors

Disclosure to Individual Investors Mitsubishi UFJ Financial Group, Inc.

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