Disclosure
Policy
Toyota Tsusho believes in the importance of sincere and fair information disclosure, and fulfills its responsibilities of accountability to investors, analysts, and other stakeholders. The company also understands the necessity of establishing long-term relationships of trust, and of earning the trust and esteem of its stakeholders via two-way communication. To achieve these goals, the company continuously provides all information it deems essential and, at the same time, develops IR activities that make use of third-party opinions to improve management.
For analysts and institutional investors, the Company holds quarterly results briefings. Furthermore, according to the needs of investors, the Company holds individual meetings, business briefings, and facility tours as needed.
For overseas investors, the Company works to have dialogue opportunities by continually organizing one-on-one meetings in online/face-to-face , participate in online/face-toface conferences with a focus on investors based in Europe, Asia, and the Middle East.
For individual investors, the Company periodically participates in investor relations events hosted or supported by securities exchanges, securities companies, newspaper publishers, and other external organizations, and holds company briefings.
Disclosure policy
The Company has established rules to disclose information in an effective and consistent manner in order to achieve the following goals:
- 1To meet the Company's responsibility to actively and effectively disclose information and explain the current state of the Company. By doing so, trust can be formed with all stakeholders.
- 2Perform timely and fair information disclosures to ensure that the Company's corporate value is accurately reflected in the stock price and social valuation.
- 3Enable bilateral communication with stakeholders and utilize stakeholder comments as a feedback mechanism to improve management practices and increase corporate value.
Information subject to disclosure
Statutory disclosures
- Disclosures required by the Financial Instruments and Exchange Act:
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- Securities reports
- Quarterly reports
- Internal control reports
- Extraordinary reports
- Registration statements
- Shelf registration statements
- Shelf registration supplementary materials, etc.
- Disclosures required by the Companies Act:
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- Notices of the ordinary general meeting of shareholders
- Business reports
- Financial reports
- Consolidated financial statements, etc.
- Timely disclosures
- Corporate decisions and events for which timely disclosure is required by the Tokyo Stock Exchange, including:
- Financial statements and voluntarily disclosed supplementary materials
- Press releases announcing corporate decisions or events
- Other types of disclosures
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- Integrated Report
- Regular communications to shareholders, etc.
- Various communications with analysts and institutional investors, etc. (financial results briefings, business briefings, private meetings, teleconferences, facility tours, etc.) and IR materials
Internal processes regarding information disclosures
Under the Disclosure Regulations, all officers and employees promptly report to the Chief Strategy Officer and the department responsible for information disclosure (Public Affairs Department) about matters decided at committee meetings and important information occurring at the Company and its subsidiaries in accordance with the division of their duties. After receiving reports, the Chief Strategy Officer and department responsible for information disclosure rigorously implement internal information management, judge the necessity of timely disclosure of the information, and timely disclose information requiring disclosure.
Spokespersons
Based on the Disclosure Regulations, in principle the Company conducts information disclosure through the following spokespersons: directors, top management, executive officers, the general manager of the Corporate Planning Department, the general manager of the Finance Department, the general manager of the Accounting Department, and the general manager of the Public Affairs Department. Besides the above spokespersons, other spokespersons approved of in advance may also conduct information disclosure.
Management of insider information
The Company thoroughly complies with internal management rules for the prevention of insider trading. The Company strictly controls confidential information and does not provide information to third parties prior to official disclosure.
Silent period
The Company imposes a silent period one month prior to the announcement of annual and quarterly financial results during which spokespersons refrain from any comments on financial results and earnings outlooks with the intention of preventing the leak of financial results information and assurance of fairness. This rule does not apply to the disclosure of material information for Tokyo Stock Exchange timely disclosures. Furthermore, even during the silent period, the Company will respond to inquiries regarding previously disclosed information.
Stance on antisocial forces
The Company has stipulated in the Toyota Tsusho Code of Ethics that it "takes a firm stance toward antisocial forces and organizations that threaten the order and safety of civil society" in accordance with the Charter of Corporate Behavior established by the Japan Business Federation and adheres to a policy of firmly refusing demands from antisocial forces and organizations.
To accomplish this, the Company regularly cooperates with outside specialized agencies such as the National Center for Removal of Criminal Organizations and the Organized Crime Control Bureau of Police Headquarters and has developed a system for dealing with antisocial forces. The Company's Nagoya Head Office is a member of the Aichi Prefecture Corporate Defense Council, and receives guidance and shares information as a member.
In the event that an unreasonable demand is received from antisocial forces, the General Affairs Department, as the designated department responsible for responding, takes a resolute stance and responds in cooperation with the police and other relevant agencies and an attorney.