Communication with Investors
At UACJ, forthright information disclosure and interactive communication are key to our efforts to meet investor expectations. Timely disclosure and communication activities promote investor understanding of the UACJ Group, and help us to build and maintain enduring relationships based on trust.
In fiscal 2018, we expanded our IR activities by adding briefings for individual investors in the Kansai region and by taking other steps as well to increase opportunities for communication with investors. As in previous years, we invited individual investors to participate in tours of our works – the Fukui Works in October 2018 and the Nagoya Works in November 2018. Through these tours, investors were able to view hot rolling, cold rolling, and refining processes, and develop a deeper understanding of the UACJ Group and of aluminum, as a raw material. Responses to surveys following each of these tours indicated that over 90% of participants were satisfied with their experience.
In fiscal 2019, efforts will be made to continue dialogue with RobecoSam and other leading socially responsible investment (SRI) rating firms, which provide information for investors focused on environmental, social, and governance (ESG) issues.
Main IR Activities
- General Meeting of Shareholders (held annually)
- Results briefings (held twice a year)
- Teleconferences for analysts and institutional investors (held twice a year)
- Works tours for individual investors (held twice a year)
Providing Information through Various IR Tools
The UACJ Group issues shareholder communications to shareholders and other investors. Our ongoing efforts to enhance information disclosure also include the preparation of an integrated report providing clear explanations of both financial and nonfinancial information, and communications intended specifically for individual investors.
The UACJ website is also key for investor communications and for the fourth year in a row Nikko Investor Relations Co. Ltd. ranked our site among the ten best websites by listed companies. Indeed, Nikko IR, which has been rating the websites of listed companies since fiscal 2003, named our site the sixth best site in its overall ranking of 3,785 listed companies. It also named UACJ’s website the top site for its industry for the sixth year running.
UACJ views dividends as an important avenue for providing returns to shareholders. Our decisions on dividend payments are guided by our basic policy of making stable, ongoing payouts, and are shaped by factors such as our performance trends, and the needs to enhance our corporate value through investments, secure R&D capital to boost competitiveness, and ensure financial soundness.
For the fiscal year ended March 2019, we paid total dividends of 60 yen per share.