Basic policy on IR activity
We conduct investor relations (IR) activities under the following basic policy: we disclose information that contributes to investment decisions and evaluation of corporate value, such as our management policies, strategies, and business performances, to various stakeholders, including shareholders, investors, analysts, and other capital market participants, in a timely and appropriate manner.
We are working on the disclosure of important information on our IR website and enhancing direct communication opportunities, such as interviews and earnings calls with institutional investors and analysts in Japan and overseas, in addition to complying with the Companies Act, the Financial Instruments and Exchange Act, and other related laws and regulations, as well as the rules and regulations of the Tokyo Stock Exchange (TSE).
We strive to disclose information in a timely and appropriate manner following the statutory disclosure system based on laws and the timely disclosure rules set by the TSE. We also disclose information not subject to statutory or timely disclosure but may affect investment decisions fairly and timely so that all stakeholders have equal access to it.
Information to be disclosed following the timely disclosure rules of the TSE will be published on the Timely Disclosure Network (TDnet), which the TSE operates, and in principle will be posted promptly on our IR website.
Information disclosure system
We recognize that timely and appropriate disclosure to shareholders and investors is essential in order to earn the trust of society and an appropriate evaluation to us, and have established an internal system for timely disclosure.
Information regarding important facts of SMS Group, in principle, is decided or reported at the Board of Directors or the Management Committee meetings. The secretariat of each meeting consolidates the information. The IR department determines the necessity of disclosing information on material facts in cooperation with the secretariat of each meeting, the Finance department, and the Risk Management department, and conducts timely and appropriate disclosure after receiving approval from the person in charge of information disclosure (the CEO and CFO). Information on important facts is managed centrally by the Risk Management department.
Our information disclosure system is as follows:
To prevent the leakage of unpublished accounting information and ensure fairness, we shall deem the period from the day after the end of an accounting period until the announcement of financial results as a quiet period. During this period, we refrain from making comments or responding to inquiries on financial results, and will not in principle hold one-on-one meetings or presentation meetings. This does not apply to inquiries concerning facts that have already been disclosed or the occurrence of important facts that are subject to timely disclosure during this period.