INVESTOR RELATIONS
IR Implementation Status
Regarding our dialogue with investors and analysts
Major IR events for FY2024
We hold earnings briefing sessions for institutional investors and analysts every six months. We respond to requests for interviews and meetings at any given time. We also actively participate in conferences sponsored by brokerage firms so that we can expand our opportunities for direct communication with investors.
Through these efforts, we seek to obtain support from investors and analysts for our management strategies and business plans. We engage in constructive dialogue with investors and analysts and listen to their opinions and concerns in order to improve our business operations. In this way, we aim to achieve sustainable growth for the Group and enhance our corporate value over the medium to long term.
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| Major IR events | Frequency | Person who primarily handled the event |
|---|---|---|
| Earnings briefing session | Twice | President & CEO, Director, Operating Officer |
| Interviews and meetings | 367 times | President & CEO, Director, Operating Officer, Executive Manager, Investor Relations Office Senior Manager, Investor Relations Staff |
| Conferences sponsored by brokerage firms | 6 times | Director, Operating Officer, Executive Manager, Investor Relations Office Senior Manager |
| Small meeting with the president | Once | President & CEO, Operating Officer |
| International IR | 2 times | President & CEO, Operating Officer |
| IR Day | Once | Director, Operating Officer |
| Business tour | 12 times | Business division staff, Investor Relations Office Senior Manager, Investor Relations Staff |
| Briefing for individual investors | Once | President & CEO |
Main themes of our dialogue with investors and analysts/ main concerns expressed by investors and analysts
The following are the main themes of our dialogue with investors and analysts, and the main concerns they expressed, in FY2024:
- Image of growth strategy, growth areas, and growth pace for the next medium-term management plan
- Capital allocation policy, including shareholder returns
- In-house analysis of stock price levels
- Policy for dealing with rising construction costs and labor shortages among general contractors and its impact on business
- Impact of rising domestic interest rates on financial and business performance
- Office market conditions and rent trends remain strong, particularly in the Greater Shibuya Area
- Factors behind the high gross profit margin for condominiums in fiscal 2024 and outlook for the coming fiscal year
- Growth strategy for the renewable energy business
- Status of overseas business and policies/strategies for achieving profitability
- Trends in inbound demand at hotels and potential for further profit growth in the next fiscal year and beyond
- Factors contributing to the strong performance of the real estate agents business and the potential for continued growth
- ESG initiatives
Feedback from investors and analysts (such as opinions and concerns) to management, etc.
Opinions and concerns expressed by investors and analysts during our interactions are always conveyed to senior management. Periodic reports are made to the Company’s Board of Directors (twice in FY2024) and to the management meetings of major subsidiaries (twice in FY2024).
Examples of items incorporated based on discussions with investors and analysts
- Holding of a briefing session on renewable energy projects and the Greater Shibuya Area Strategy
- Separation of reference materials for financial results explanations from the main document
- Disclosure of explanatory materials on business models, etc. for renewable energy businesses
- Disclosure of financial targets for the first half of the 2030 mid-term management plan
- Organization and improvement of disclosures related to gains on sales