We engage in dialogue with shareholders within reasonable limits with the aim of achieving sustainable growth and a medium- to long-term increase in corporate value. We employ the measures below in order to hold appropriate and constructive dialogues with our shareholders.
(i) The Presdent's Office is in change of investor relations (IR) under the leadership of the General Manager of the Presdent's Office.
(ii) Departments such as the Presdent's Office, the Corporate Planning Group, Finance Department and Internal Audit Department cooperate with each other through means such as holding regular liaison meetings to exchange information.
(iii) As a method of dialogue other than separate meetings with various investors, we hold briefings on financial statements for institutional investors twice a year, and the explanatory materials for these are posted on the Company’s website.
(iv) The opinions from shareholders and investors that are shared during the separate meetings in every accounting period are reported to the director in change, and major issues are reported to the Board of Directors.
(v) We have established regulations to prevent insider trading, and we manage insider information based on those regulations. We also take measures based on the regulations when engaging in dialogue with investors, such as by establishing a quiet period.

FY2024

Main responders

General meeting of shareholders	All directors and auditors
Financial results briefing	President, Senior Executive Director, Executive Directors
Individual Meeting	President, Persons in charge of Investor relations

Number of interviews

36 meetings with analysts and domestic and international institutional investors.

Main topics of the dialogue and shareholder interests

* Business environment and outlook by segment 
* Measures to improve profitability of the device business 
* Structural Reform of the Electric Device segment
* India market strategy
* Future growth strategy for EV chargers 
* Response to PBR below 1x 
* Shareholder return 
* Sustainability activities 

Feedback to the Board of Directors

The General Manager of the Corporate Planning Group reports to the Board of Directors on a quarterly basis on the main topics of dialogue in the interviews, as well as concerns and expectations raised about the Company by institutional investors and analysts.

Examples of implementation based on the dialogue

In response to requests to present initiatives for mid- to long-term growth, the president gave a presentation on status of updating Product Portfolio at the financial results briefing for the second quarter of FY25/3.
In response to growing calls for corporate transparency regarding efforts to address human rights violations from the perspective of corporate social responsibility, we have enhanced the information disclosed in our sustainability report, including details on our human rights due diligence process and human rights risk map.