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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 score sheets for 313 companies (286 for 17 industries and 27 for emerging markets) were filed by 522 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:

2018 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.
Steel / Non Ferrous Metal Sumitomo Metal Mining Co., Ltd.
Machinery Komatsu Ltd.
Electric / Precision OMRON Corporation
Automobile / Parts / Tires SUBARU CORPORATION
Energy Tokyo Gas 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.
Insurance / Securities Tokio Marine Holdings, Inc.
Computer Soft Ware Nomura Research Institute, Ltd.
Advertising Services / Media / Entertainment SEGA SAMMY HOLDINGS INC.

Disclosure Emerging Markets

  

Emerging Markets

PROTO CORPORATION
Seria Co.,Ltd.
Harmonic Drive Systems Inc.

Disclosure to Individual Investors

  
Disclosure to Individual Investors NIDEC CORPORATION
MITSUI & CO., LTD.
KDDI CORPORATION

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