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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 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 Machinery.

For this year, the score sheets for 282 companies (254 for 16 industries and 28 for emerging markets) were filed by 521 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:

2017 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.
Pharmaceuticals SHIONOGI & CO., LTD.
Petroleum/Mining Cosmo Energy Holdings Co., Ltd.
Steel / Non Ferrous Metal Sumitomo Metal Mining Co., Ltd.
Electric/Precision NIDEC CORPORATION
Automobile/Parts/Tires SUBARU CORPORATION
Power Generation/Energy Tokyo Gas Co.,Ltd.
Transportation ANA HOLDINGS INC.
Commerce MITSUI & CO., LTD.
Banks Mitsubishi UFJ Financial Group, Inc.
Computer Soft Ware Nomura Research Institute, Ltd.
Advertising Services/Media/Games Recruit Holdings Co.,Ltd.

Disclosure Emerging Markets


Emerging Markets

Freund Corporation
Seria Co.,Ltd.
en-japan inc.

Disclosure to Individual Investors

Disclosure to Individual Investors Asahi Group Holdings,Ltd
Mitsubishi UFJ Financial Group, Inc.

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