Sustainability
Shareholders and Investors
Fuji Electric places the utmost emphasis on communication with shareholders and investors. We work diligently to disclose information in a timely, appropriate, and easy-to-understand manner.
Basic IR Activity Policy
We disclose information in accordance with various laws and regulations. Even if we are not required to do so by law, we also strive to disclose corporate information thought to have a significant impact on investment decisions in a timely, fair, and equitable manner, so that we might earn the trust of our shareholders and investors and ensure they have a proper understanding of the Company.
Communicating with Shareholders and Investors
Major initiatives in fiscal 2023
We handled more media coverage on conference calls or online, provided more elaborate information than ever to disclose at the IR briefings, and published more detailed IR information on our website in order to ensure that our shareholders and investors have a clearer understanding of our business environment, business strategy, and ESG initiatives.
Overview of the Main Initiatives in Fiscal 2023
Dialogue with analysts and institutional investors
We actively engage in dialogue with analysts and institutional investors, and we share their main opinions and requests with the Board of Directors and the Executive Committee for discussion as management issues.
Dialogue results for fiscal 2023
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Small meetings:2 times (President and COO: Nov. and Feb.)
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Overseas roadshows:1 time (Director in charge of PR and IR: Feb.)
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Dialogue through individual interviews: 620 (77 with analysts, 267 with Japanese institutional investors,270 with overseas institutional investors, 6 with ESG investors)
Major comments from analysts and institutional investors in fiscal 2023
Opinions on management and business
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Clarify the goals, strategies and measures of the nextMedium-Term Management Plan
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Clarify long-term growth strategy and direction
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Further expansion of the business for data centers andsemiconductor factories and the power semiconductorbusiness for electrified vehicles, where market growth isexpected
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Determine the timing of demand recovery and promotemeasures to improve performance in the cyclical sectorsof ED&C components, power electronics FA, and industrialsemiconductors
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Promote measures to improve low-profit businesses
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Policy for holding and reducing cross-shareholdings
Opinions on topics for information disclosure
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Cash flow allocation, including capital and shareholderreturn policies
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Business portfolio strategy to improve ROIC
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Business opportunities given the current trends of thewidening spread of generative AI and expanding demandfor electric power
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Take specific measures for further expansion strategiesfor the power electronics business and profitabilityimprovement for the automation business
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Expected benefits from the restructuring of the powergeneration business and specific measures to generatethose benefits
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Specific medium- and long-term business strategies forsemiconductors
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Synergies with other segments of food and beveragedistribution, and specific measures to create these synergies
TOPICS
Initiatives for exchanging views with Directors
We are committed to further enhancing our investor relations activities by reflecting the opinions of our directors.
Regular reports to Directors on IR activities
We regularly feed back items of interest and opinions or requests from analysts and institutional investors to the Board of Directors twice a year to invigorate discussions on management and business matters. We received the following opinions and requests from Outside Directors and Audit & Supervisory Board Members.
Opinions on IR activity reports
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Handling of overseas institutional investors
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Improve understanding of energy and industry
(e.g., organize factory tours for analysts and institutional investors) -
Enhancement of non-financial information disclosure
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Continuous IR promotion that appropriately responds to changes in the environment
Opinion exchange meeting with Outside Directors and Audit & Supervisory Board Members regarding the integrated report
Regarding the integrated report (Fuji Electric Report), we used an opportunity separate from that of the Board of Directors to exchange opinions with Outside Directors and Audit & Supervisory Board Members. We received the following comments from Outside Directors and Audit & Supervisory Board Members.
Opinions on the integrated report
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Improve the content and clarity of the explanation of the value creation process
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Clarify the medium- to long-term goals
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Enhance the introduction of overseas business initiatives being focused on
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Describe company-wide DX initiatives
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Enhance disclosure of the global human resource strategy
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Make editorial improvements (amount of text, photos, clarity of terminology)
IR Activities for Individual Shareholders and Investors
Fuji Electric has been holding factory tours since fiscal 2007 to help deepen the understanding of shareholders with regard to its business activities.
In fiscal year 2023, we held them at the Suzuka Factory and the Tokyo Factory.
We will continue to conduct IR activities with the aim of building and maintaining trusting relationships with shareholders and other investors.
Distributing Information through IR Tools
Fuji Electric uses a variety of means to provide IR information.
From fiscal 2011, the Company decided to issue a single “Fuji Electric Report” each year to provide shareholders and investors with an even deeper understanding of Fuji Electric and the full breadth of its activities. This report integrates the features of the Company's previously issued Annual Report, which focused mainly on the management and financial aspects of the Group, and the CSR Report, which addressed non-financial matters.
The aforementioned report is complemented by regular quarterly reports to shareholders as well as wide-ranging IR information posted on the Shareholder and Investor Information section of the Company's website.
Awards Related to IR
Fuji Electric has won the 2022 Best IR Award of the Japan Investor Relations Association as a company that deeply understands the purpose of and actively tackles IR and has achieved outstanding results, such as a high level of support from market players.
In recognition of the ease of use and abundance of the information on the Fuji Electric IR site, among other factors, the site has won the gold prize in the Gomez IR Site Overall Rankings 2023 (for the fourth consecutive year) and the Internet IR Commendation Award 2023 (for the fifth consecutive year).
Returning Profits to Shareholders
Fuji Electric’s basic policy is to first allocate profits earned from business activities to shareholders’ equity in order to strengthen its management base. After this is accomplished, the Company seeks to maintain sufficient internal reserves for research and development, capital investment, and human resource development from a medium-to-long-term perspective while issuing shareholder returns.
The Company’s dividend policy is to issue stable and ongoing dividends from retained earnings. Dividend amounts are determined based on a comprehensive evaluation of factors including consolidated performance in the applicable fiscal year, research and development and capital investment plans targeting future growth, and the outlook for the operating environment.
For fiscal 2023 we paid a full-year dividend of ¥135 per share, comprising an interim dividend of ¥60 and a year-end dividend of ¥75.
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Note
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Effective October 1, 2018, the Company conducted a one-for-five reverse stock split pertaining to shares of common stock. Amounts for cash dividends per share reflect this stock split.
Cash Dividends per Share（Yen）
（Fiscal year）
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Notes
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Effective October 1, 2018, the Company conducted a one-for-five reverse stock split pertaining to shares of common stock. Amounts for cash dividends per share reflect this stock split.
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