Approach to Communications with Shareholders and Investors
The IHI Group builds stronger relationships based on trust with all shareholders and other investors by recognizing accurate, timely disclosure of corporate information as a core principle of a sound financial instruments market, which is why the Group actively engages in communication efforts. In addition to stock investors, the Group also proactively engages in dialogue with bond investors.
The IHI Group is deeply involved in active communication efforts with its domestic and overseas investors to gain greater understanding about the business activities.
In fiscal 2024, the management team visited North America, Europe, and Asia and held dialogues with local institutional investors.
Timely and Proper Disclosure
The IHI Group enhances the scope of various materials disclosed both online and offline for active and fair informational disclosure.
The Group’s basic policy is to promote highly transparent management throughout the entire Group. The Group always discloses accurate and fair information on important management and business matters in a timely manner from the perspective of investors in capital markets. The Group also sees honest Group accountability as a basic policy to define its management direction and main businesses.
Main Dialogue Results with Shareholders and Investors (FY2024)
Investors |
- 604 companies (180 Japanese investors, 424 foreign investors)
- Focusing on active investors such as growth and value investors, analysts, portfolio managers, ESG personnel, voting rights exercisers, etc. of domestic and foreign institutional investors with a wide range of investment styles.
|
IHI Representative |
CEO |
- Financial result briefings conducted: Twice
- Dialogue conducted with Japanese and overseas institutional investors: 28 times
|
Officer in charge of Group Finance & Accounting |
- Financial result briefings conducted: 4 times
- Dialogue conducted with Japanese and overseas institutional investors: 101 times
|
Senior Executive Officers, Executive Officers, Presidents of business areas |
- Dialogue conducted with Japanese and overseas institutional investors: 85 times
|
IR/SR Managers |
- Dialogue conducted with Japanese and overseas institutional investors: 337 times
|
Dialogue Results with Bond Investors (FY2024)
Investors |
- 19 companies (12 bond investors, 3 banks, 4 financial institutions)
|
Main representative |
- Senior Executive Officer, Officer in charge of Group ESG, Officer in charge of Group Finance & Accounting, Finance & Accounting Division, etc.
|
Main theme |
- Financial & accounting strategy, ESG strategy, etc.
|
Themes of the Main Dialogues Held with Shareholders and Investors (FY2024)
Classification |
Main Dialogue Topics |
General |
- Status of deliberations regarding business portfolio
- Medium to long-term sales growth and profitability outlook for the civil aero-engine business
- Status of additional inspection program on PW1100G-JM Turbofan Engine
- Future outlook for the defense business
- Prospects for monetization of fuel ammonia value chain business
- Status of cash generation efforts (reducing working capital and improving CCC) and cash allocation policy
- Status of management consideration with awareness of capital costs and stock prices
- Progress of balance sheet reform
- Status of discussions at the Board of Directors following a series of scandals at subsidiaries and progress on measures to prevent recurrence
- Progress of efforts to reconstruct effective Group governance
|
E |
- Progress of initiatives to achieve IHI Carbon Neutrality by 2050
- Future outlook for Scope 3 emissions
- Strengths and the uniqueness of the IHI Group in addressing climate change
|
S |
- Specific details about the initiative in the Group human resources strategy
- Scale of investment in human resources
- Scale and progress of human resource shift
- Utilization status of employee-awareness survey results
- Predicting human rights risks in the supply chain
|
G |
- Effectiveness of the Board of Directors
- Activities of Independent Directors
- Composition of the Board of Directors
- Status of deliberations at the Board of Directors regarding ESG and sustainability
- Background of the policy revision regarding cross-shareholdings
|