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 FY2025 is as follows:
IR Activities in FY2025
| Activities | Number of times conducted | |
|---|---|---|
| Institutional investors | ||
| Financial Results Briefing | 2 times | |
| Business briefings | 1 time | |
| Facility tours | 2 times | |
| Participation in conferences | 1 time | |
| Individual meetings with institutional investors, analysts, etc.* | 107 meetings 157 people | |
| Individual investors | ||
| Company information sessions for individual investors | 2 times | |
| Facility tours for stakeholders | 1 time | |
* Including small meetings
Types of dialogue
| Main respondents | Representative Director, President; CFO; IR staff |
|---|---|
| Main topics of discussion | ・Real estate Investment plans (including M&A); Expansion of business areas; Diversification of schemes; Price pass-through; Securing/Developing expert human resources ・Public transportation Numerical targets; Investment plans; Inbound trends; Price pass-through ・Financial strategy Cash allocation; Shareholder returns; Capital efficiency; Financial soundness; Unrealized gains on rental and other real estate; Policy on cross-shareholdings ・Community development / New businesses Greater Namba concept ; Monetization of new businesses ・Other Business forecasts for next fiscal year; Update of the Medium-term Management Plan; Spin-off of the railway business; NaniwasujiLine plan; Osaka IR |
Status of feedback to management and the Board of Directors
| Meetings | Number of reports | Reported content |
|---|---|---|
| Board of Directors | Once per year | ・IR strategy by target ・Engagement activities with institutional investors ・Engagement activities with individual investors ・External evaluations |
| Top Management Meeting | Once per year | ・Capital market reactions after the announcement of the Medium-term Management Plan |
| Corporate Officer Meeting | 12 times per year | ・IR activities report ・Dialog content/insights ・Analyst reports ・Stock price trends |
Dialog outcomes
| Main opinions from shareholders and investors | Responses |
|---|---|
| ・The initial forecast for FY2025 was viewed as overly conservative. | ・In FY2025, we revised our estimates for the effects of EXPO 2025 ・In FY2026, we set an operating income target, taking care not to be overly conservative from the initial guidance stage. |
| ・The sluggish stock price and the PBR falling below 1x after the | ・We announced a dividend increase and acquisition of treasury |
| ・Disclosure in the real estate business, | ・We held a business briefing at which the executive officer in charge of the real estate business explained the details of our investment discipline and other matters, and we disclosed the minutes of the meeting on our website. ・We explained the investment criteria and pipeline at the FY2025 |
| ・The numerical targets for the final year of the Medium-term Management Plan should be updated in light of the revised forecast for FY2025. | ・We announced an update to the numerical targets of the Medium-term Management Plan (upward revision of operating income and ROE targets) alongside the announcement of the FY2025 financial results. |
| ・Given that the financial results are announced during trading hours, disclosure should be made easier to understand. | ・We added an executive summary at the beginning of the Supplementary Materials for Financial Results starting with the FY2025 financial results announcement. |
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 and obtaining external evaluations
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, we have continuously received IR website awards since 2023, and in FY2025, we received high evaluations in IR website assessments conducted by two major evaluation organizations (Nikko Investor Relations Co., Ltd. and Broadband Security, Inc.). We will continue our efforts to enhance the content of our website and improve our disclosures in both quality and quantity in order to foster better communication with our stakeholders.
