With Our Shareholders and Investors
Information Disclosure Policy
Aiming to become an enterprise capable of receiving great support and popularity from people around the world, we strive to conduct transparent business operations and fair information disclosure.
- We disclose any corporate information required to be disclosed by the Financial Instruments and Exchange Act and other laws and regulations, in an accurate and timely manner.
- We actively disclose our corporate information, which is not subject to laws and regulations however deemed to be important for stakeholders, through our daily actions, such as issuance of press releases and updates of our website.
- We focus on enhancing communication with our shareholders, investors, and other stakeholders to further promote mutual understanding with them.
At NGK SPARK PLUG CO., LTD. we are well aware that promoting transparent and fair information disclosure is indispensable to having all our stakeholders better understand and evaluate our business operations. To achieve this goal, in addition to meeting the legal standards of information disclosure, we also strive to strengthen information disclosure through various media and promptly release information on our website, with the aim of ensuring stakeholders' greater trust in our business operations.
Facilitation of exercise of rights in shareholders’ meeting
We send out the notice of convocation for our Ordinary General Shareholders’ Meeting even earlier than the legal deadline so that shareholders can give adequate consideration to the reports and resolutions. Additionally, we try to carry out earlier disclosure by releasing the information on the company website before sending out of the notice. We also translate part of the notice of convocation into English for overseas shareholders and post it on the company website in parallel with the Japanese version.
Furthermore, we are striving to create a suitable environment for the exercise of shareholders’ rights, including making it possible to exercise rights from a PC or a mobile phone in addition to the exercise of rights in writing.
Hosting a Technology Orientation
We host a technology orientation for the investors and analysts to deeper understand our technologies. We also invited them to see the actual manufacturing process. We will continue to work on to meet our shareholders and investors’ needs, focusing on “active communication” and “fair information disclosure.”
Engaging in Activities to Make Shareholders and Investors Familiar with NGK SPARK PLUG CO., LTD.
We hold company briefing sessions for shareholders and investors. In fiscal 2017, in order to make our company highly recognized nationwide, we visited areas all over Japan to try to hear “real opinions”. We will continue to value dialogue with all investors and our shareholders.
Returning Profits to Shareholders
Returning profits to our shareholders is one of the most important policies for our management and have consistent and stable payment of dividends as a basic policy. We also consider the return of profits in line with earnings as important. Therefore, with the total return ratio on our mind, we plan to continue the payment of interim and year-end dividends with a target consolidated payout ratio of at least 30%, giving comprehensive consideration to a stable dividend level, which is our basic policy, and internal reserves to allocate capital expenditure and investment for the R&D required for our future growth, and business expansion and streamlining.Based on these policies, the dividend per share during fiscal 2017 was 60 yen.
Furthermore, we also recognize that repurchase of own shares is effective for increasing capital efficiency, and we hope to carry out such acquisitions as necessary. In fiscal 2017, we repurchased about 1.9 million of our shares (Total sum of repurchase: about 5 billion yen)