2013 Awards for Excellence in Corporate Disclosure for the second consecutive year
October 7, 2013
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that it was selected for the second consecutive year as the top company in the commerce industry of the 2013 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 evaluate 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 as it did last year.
ITOCHU will continue to work on proactive disclosure to our shareholders, investors, and other stakeholders.