ITOCHU won the WICI Japan award for Excellence in Integrated Reporting for Third Consecutive Year
December 4, 2015
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that its Annual Report won the third WICI Japan Award for Excellence in Integrated Reporting granted by WICI Japan. ITOCHU won the award for the third consecutive year.
WICI Japan selected four companies as outstanding companies, the companies that provide the integrated report describing their value creation activities on a global scale clearly and concisely, and giving a view of their future, from 219 nominees, mainly from companies listed on the first section of the Tokyo Stock Exchange.
The Award was granted in recognition of (1) the clear descriptions of the Company’s unique competitive advantage among sogo shosha companies, (2) concise explanations of the Company’s views on business investment and the relationship between the old and new Medium-Term Management Plans, and (3) the addition of shareholder value pages including Total Shareholder Return data (trends of the stock price with dividends reinvested).
ITOCHU will seek to disclose more useful financial and non-financial information to stakeholders by further improving the Annual Reports.
- WICI stands for the World Intellectual Capital/Assets Initiative. 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. WICI Japan is the Japanese organization of WICI.
- 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.