ITOCHU Selected as Outstanding Company in WICI Japan Integrated Reporting Disclosure Award Program for Second Consecutive Year
December 4, 2014
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that it was selected as an outstanding company for the second consecutive year by the Japanese organization of the World Intellectual Capital/Assets Initiative (WCI*1) at the second WICI Japan Integrated Reporting Disclosure Award ceremony.
The WICI Japan Integrated Reporting Disclosure Award was established in 2013 to promote integrated reporting*2 activities in Japan in response to the initiatives implemented by the International Integrated Reporting Council. WICI Japan selected five companies as outstanding companies from 152 nominees, chosen mainly from companies listed on the first section of the Tokyo Stock Exchange.
The Award was granted in recognition of (1) the persuasive disclosure of competitive advantages based on differentiation in the relevant industry through messages from the president, (2) clear and concise descriptions of the complex operations of sogo shosha through the summarized presentation of business models from an integrated reporting perspective, and (3) the presentation of corporate and shareholder value, which is better and more exhaustive than that of the previous year.
ITOCHU will seek to disclose useful financial and non-financial information to stakeholders by further improving its annual reports.
(*1) WICI was formed in 2007. Its members include participants from the private sector, such as corporations, analysts, investors, and accounting experts, as well as other support organizations such as the Ministry of Economy, Trade and Industry. The organization aims to improve the disclosure of information regarding intellectual assets/capital as well as the key performance indicators of business, which is of high concern of stakeholders.
(*2) An integrated report is a concise, easy-to-understand presentation for investors and other stakeholders regarding the manner in which financial information and non-financial information such as corporate management strategies, governance and performance are related to the company’s business.