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 2019, we augmented our IR activities with same-day video streaming, and other new services to make our communications with investors even better. We have also instituted one-on-one meetings between our officer in charge of IR and overseas institutional investors in locations such as the US, Europe, and Singapore; introduced plant tours at UATH*; and taken other steps to upgrade our overseas IR activities to promote deeper understanding of UACJ and make it a more familiar presence. To further understanding of our businesses among individual investors, we annually offer tours of our manufacturing facilities. In fiscal 2019, these tours are conducted at the Fukui Works in October and the Nagoya Works in November. 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.
* UACJ (Thailand) Co., Ltd.
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)
- One-on-one meetings with overseas institutional investors (6 countries per year)
- Small meetings with the President of UACJ (2 times per 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 highly rated by outside institutions. Nikko Investor Relations Co. Ltd., for example, which has been rating the websites of listed companies since fiscal 2003, has assigned our website its “AAA” rating, the highest rank, in both its overall and sector rankings for seven consecutive years.
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 2020, we reduced the dividend to 20 yen per share.