IR Communication
Basic concepts
Based on a clear corporate philosophy that moves with the times and as a company that is widely trusted by society, we have established a “Disclosure Policy” that covers not only compliance with laws and regulations but also the improvement of management transparency as one of our key responsibilities. In line with this policy, we continuously strive to disclose information to our shareholders, investors, and other stakeholders in a fair, timely, and appropriate manner.
Toward strengthening engagement with shareholders and investors
As part of our efforts to invigorate the Regular General Meeting of Shareholders, we make it a rule to set the date and time of the meeting so that it avoids the day predicted to be the middle day of the first meeting, and endeavor to provide useful information and a polite question-and-answer session for shareholders. As an effort to facilitate the exercise of voting rights, we also strive to send out the convocation notice early and, in principle, announce it electronically via TDnet before sending it out. In addition, we send the Shareholder Newsletter (Nankai Report) to help shareholders ascertain our management situation.
For institutional investors and analysts, we explain our management strategies, business operations, and business performance at financial results briefings and other events. Furthermore, we combine both face-to-face and web-based activities, such as tours of our facilities, including the Namba area, small meetings, conferences, and individual interviews, to enrich dialogue and promote understanding.
Status of dialogue with shareholders and investors
We are actively engaging in dialogue with our shareholders and investors with the aim of achieving sustainable growth and increasing our corporate value over the medium to long term.
The implementation status for FY2024 is as follows:
IR Activities in FY2024
| Activities | Number of times conducted |
|---|---|
| Financial Results Briefing | 2 |
| Participation in conferences | 1 |
| Individual meetings with institutional investors, analysts, etc.* | 98 times in total, 129 people |
| Company information sessions for individual investors | 2 |
| Facility tours for stakeholders | 1 |
* Including small meetings
Types of dialogue
| Main respondents | Representative Director, President; Officer in charge of IR; IR staff |
|---|---|
| Main topics of discussion | ・Business strategy in the Kyoso 140 Plan Public transportation: Demand from overseas tourists, outlook for the airport line, fare revision, contribution of EXPO 2025 to performance Community development: Greater Namba development, upgraded the functionality of logistics facilities, acquisition of income-generating real estate, utilization of private REITs Future exploration: Tourism strategy, e-sports business ・Financial strategy Capital efficiency indicators, shareholder returns, cash allocation ・The next Medium-term Management Plan Direction of growth strategy, investment scale ・Other Business integration with the Semboku Rapid Railway, spin-off of the railway business, Naniwasuji Line plan, policy on crossshareholdings |
Status of feedback to management and the Board of Directors
| Meeting body | Number of reports | Content of reports |
|---|---|---|
| The Board of Directors | Once a year | ・IR activity report ・Insights from dialogue ・Analyst report summary ・IR strategy by target |
| Group Top Management Meeting | Twice a year | ・IR strategy by target ・Target shareholder composition ・Shareholder survey results |
| Corporate Officer Meeting | 12 times a year | ・IR activity report ・Insights from dialogue ・Analyst report summary ・Stock price trends |
Results of dialogue
| Main opinions from shareholders and investors | Response (reflected in the new Medium-term Management Plan) |
|---|---|
| Review of limited express fares, including Rapi:t | Review and diversify limited express fares, reflecting an increase in unit price in the plan |
| More detailed explanation of cash usage | Disclose the 3-year cash allocation and the thinking behind each use of funds |
| Introduction of capital efficiency indicators and initiatives to improve capital efficiency | Introduce ROE as a management indicator and disclose initiatives to improve ROE |
| Introduction of quantitative indicators for shareholder returns and initiatives to strengthen shareholder returns | Introduce the dividend payout ratio as an indicator and disclose the target for the Medium-term Management Plan period and the intention to conduct flexible share buybacks |
| Setting of long-term numerical targets | Disclose the aim to achieve an operating income of ¥46.0 billion or more in the early part of the period up to FY2035 as a future target level |
External evaluations
In an effort to build closer relationships with investors, the Company has gone beyond ordinary IR meetings by creating additional opportunities for in-depth discussions on topics such as evaluation and expectations for Nankai and the medium- to long-term direction of management. These proactive initiatives have resonated strongly, and as a result, the Company received the IR ‘Sympathy!’ Award “Most Liked!” IR Award for the first time at the IR Grand Prix 2024, organized by the Japan Investor Relations Association.
Top management participation in IR activities
In light of the current situation, the challenges facing society as well as people’s values and lifestyles are changing dramatically, so our management must be highly adaptive to changes based on the assumption that the future is uncertain. In this kind of business environment, we believe it is even more important for top management to talk about strategy and tactics. In addition to the progress of our business performance and the Medium-term Management Plan, we are working hard to raise engagement by carefully explaining in the words of top management the concept of sustainable management that the Group should pursue in light of the surrounding business environment, spacific initiatives based on this concept, the future policies.In the future, we intend to provide many opportunities for management to direct communicate and discuss the various businesses we are developing an well as ESG-related initiatives, since not only business activties that have a direct impact on finances but also initiatives in non-financial areas are important factors that can significantly change corporate value.
Expanding information disclosure by utilizing our website
Since fully renewing the IR website in 2022, we have continued to actively disclose information. In addition to promoting integrated disclosures of both financial and non-financial information, the Company has strengthened the communication of its corporate philosophy and management stance by publishing messages from top management, including the President and the CFO, on its corporate website. At the same time, we are working to expand useful information for more stakeholders by posting archived videos of Financial Results Briefings for Institutional Investors and content for individual investors. As a result of these efforts, in FY2024, the Company received IR site awards from all three major evaluation organizations: Nikko Investor Relations Co., Ltd., Daiwa Investor Relations Co., Ltd., and Broadband Security, Inc.
