Open General Meeting of Shareholders
NGK endeavors to hold open General Meeting of Shareholders that its shareholders feel welcome to attend. Every year, we introduce NGK corporate activities at the General Meeting of Shareholders with booths displaying product exhibits explained by NGK staff.
We also make efforts toward expanding General Meeting of Shareholders-related information, including the following:
TSE Electronic Voting Platform: An electronic voting system operated by TSE. It allows people to vote not only through the conventional printed materials but also via the Internet, making the process more convenient for shareholders in Japan and overseas.
In addition to regular presentations held in Japan and overseas, the NGK Group conducts one-on-one meetings and participates in interviews among other ongoing initiatives to expand dialogues with institutional investors. NGK senior management also visits and conducts one-on-one discussions with institutional investors in Japan and overseas.
Activities in Fiscal 2019
|Japan||Senior management conducted presentations for analysts and institutional investors twice this year. They also conducted one-on-one meetings and participated in interviews.|
|Overseas||Senior management conducted overseas IR meetings targeting analysts and institutional investors twice this year.|
|Online IR Library||Included financial reporting information, the timely disclosure of non-financial reporting information, securities reports, annual reports, General Meeting of Shareholder materials, and other information.|
Participation in Nomura IR Asset Management Fair
To familiarize individual investors with the details of business and performance of NGK, our General Affairs Department and the Finance & Accounting Department took part in the Nomura IR Asset Management Fair 2019 (sponsored by Nomura Investor Relations Co., Ltd.), held at the Tokyo International Forum.
With participation by a total of 62 listed companies and investment firms, the event attracted approximately 12,200 visitors over two days. The NGK booth used panels and small briefings to explain what NGK does and how it is performing.
Measures for Returning Profits to Shareholders
At NGK, returning proﬁts to shareholders is considered one of the highest management priorities.
As a basic policy, we aim for management that focuses on shareholders and ROE. Based on this basic policy, we share proﬁts while comprehensively taking account of our business performance, ﬁnancial structure, and future business development. Our medium-term benchmark for the consolidated payout ratio is around 30%.
In ﬁscal 2019, we paid an annual dividend of 50 yen. The consolidated payout ratio stood at 59.0%.
We will keep striving to secure proﬁtability above the capital cost and to maintain ﬁnancial soundness. We opt to proactively return proﬁts to our shareholders from the medium- to long-term perspective.