2012 Awards for Excellence in Corporate Disclosure
October 9, 2012
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that it was selected for the first time as the top company in the commerce industry of the 2012 Awards for Excellence in Corporate Disclosure given by the Securities Analysts Association of Japan.
The Corporate Disclosure Study Group established by the Securities Analysts Association of Japan has formulated corporate disclosure review criteria for this selection to objectively judge the quality, volume of available information and timing of a corporation’s disclosure practices. The awards, which started in 1995, are given to companies that have been highly evaluated based on the criteria.
Specifically, the criteria are comprised of the following: 1) management’s stance on investor relations, the function of a corporation’s investor relations department, and basic stance of a corporation’s investor relations; 2) disclosure during meetings, interviews and in explanatory materials; 3) fairness of disclosure; 4) disclosure related to corporate governance; and 5) voluntary disclosure that conforms to conditions of each industry. ITOCHU received high points in these criteria.
ITOCHU will continue to work on improving disclosure to our shareholders, investors, and other stakeholders.