Appropriate Information Disclosure
and Communication

Basic Policy

As a "contributing member of society," ESPEC advocates, as its corporate philosophy, building a meaningful relationship with every stakeholder (improvement of value exchange) and fulfilling its social responsibilities.
Our "IR Policy" is explicitly stated based on such corporate philosophy applied to IR activities that are intended to improve communication with shareholders and investors, and aims at disseminating information regarding our code of activities.

Communication with Shareholders and Investors

Information Disclosure Policy and System

We disclose information in accordance with corporate laws, the Financial Instruments and Exchange Act, other related laws and regulations, as well as with the Timely Disclosure Rules and other related rules prescribed by the stock exchange. We also disclose in a proactive and fair manner other useful information that does not fall under these rules in order to further the understanding our shareholders and investors.
We have established an information disclosure committee as an internal corporate structure tasked with deliberating over information disclosure issues. We are also striving to centralize the information by limiting the number of people who can disclose it, and disclose information in a fair and prompt manner through our website and other means.

Towards an Open General Meeting of Shareholders

We believe that the general meeting of shareholders is a valuable opportunity to directly interact with our shareholders. When holding our meetings, we deliberately avoid days on which many companies hold their meetings of shareholders in order to allow more shareholders to participate. Striving for early sending of meeting notifications, we succeeded in sending them one week before the legally required date. We also posted announcements at the Tokyo Stock Exchange and on our homepage two weeks before the legally required date, aiming for early provision of information about the general meeting of shareholders. We have also introduced a Smart Voting system that allows shareholders to exercise their voting rights by mail or on the Internet, with voting made easy simply by reading a QR code from a smartphone.
For the 67th Ordinary General Meeting of Shareholders, we encouraged shareholders to vote on resolutions in advance, shortened the meeting length, increased distance between the seats, and took other steps to prevent coronavirus infections. The actual meeting was attended by 48 shareholders.

Corporate Briefings for Institutional Investors and Security Analysts

We conduct business performance briefings for institutional investors and security analysts. The president and the officer attend the briefings and provide information about performance, strategies, etc. We also conduct individual meetings mainly in Tokyo and Osaka as occasion calls.

Corporate Briefings for Individual Investors

ESPEC conducts corporate briefings for individual investors so that individual investors can learn more about our company. The president and employees of our company introduce the business and projects of ESPEC by participating in corporate briefings held by securities companies and various other IR events.

Appearing on the Radio Nikkei
“Morning Market Square - Asazai Company of the Day”

In February 2020, the president appeared on the Radio Nikkei “Morning Market Square - Asazai Company of the Day” program for investors and introduced the ESPEC business and strengths.

Radio personality Tetsuo Inoue (front left) and President Masaaki Ishida

Participation in the Environmental Reporting Platform Development Pilot Project of the Ministry of the Environment

ESPEC is taking part in the Environmental Reporting Platform Development Pilot Project of the Ministry of the Environment, an ESG (Environment, Social, and Governance) dialogue platform where companies and investors can share their concerns on environmental topics.

Enhancement of IR Tools

● Shareholders' Communications

Kabunushi Tsushin is issued twice a year with the purpose of deepening understanding of ESPEC among its shareholders. It includes information about products that were successfully delivered as well as about ESPEC's management structure and CSR activities.

● Website (IR Site)

On the IR site, we are working to communicate useful information to investors, including posting of management policies, financial and results data, and financial results briefings and other IR events.
In FY 2018, the website was made compatible with smartphones for further convenience. An email service is also available that sends notices to investors regarding updates to information on the IR site.

写真:IRサイト IR site(left: PC version,
right: smartphone version)

External Recognition of Our IR Site

Our IR site is highly regarded outside of the company and was, among other things, designated GRADE AAA Corporate Websites (comprehensive ranking) in the "2019 Listed Company Website Quality Ranking Survey" organized by Nikko Investor Relations Co., Ltd. We were also awarded the Bronze Prize in the Gomez IR Site Rankings 2019 hosted by the company Morningstar.

WITH GRADE AA Corporate Websites 2020 Nikko Investor Relations Co.,Ltd. Ranking in all listed companies in Japan

Feedback to Management

Shareholder and Investor Surveys

In addition to receiving opinions from investors at corporate briefings and other such occasions, we conduct surveys targeted at shareholders when forwarding shareholders' communications. We report opinions and other ideas received from our shareholders in the interim shareholders' communication.

Market Assessment Feedback

Analysis results of surveys conducted at corporate briefings and IR event, through shareholders' communications, as well of opinions and other ideas received at individual meetings are compiled into reports and reported, as occasion calls, at the Board of Directors.By bringing back this assessment of the market to our company, we can more easily identify issues. Feedback of market assessments is provided within the company in order to highlight issues that need to be addressed as we work to improve our future IR activities.

Returning Profits to Shareholders

Recognizing that passing on profits to our shareholders is a key priority and that raising corporate value on a lasting basis is fundamental to raising shareholder value, dividends are decided taking into account sustainability and the dividend payout ratio.

Dividend / Shareholder Returns