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29Seiko Epson Annual Report 2005
Encouraging Stakeholder
Understanding Through Fair and
Timely Information Disclosure
In meeting its obligation to explain the
company’s actions to all stakeholders,
Epson discloses corporate data in a
timely, accurate, proper and fair man-
ner. For disclosure aimed at investors
and shareholders, Epson has a dedi-
cated Investor Relations Department,
which is responsible for issuing
shareholder-oriented publications,
holding explanatory business presen-
tations and other duties. The goal here
is to promote greater understanding of
Epson’s operating results and manage-
ment strategies to ensure that its stock
is appropriately valued in the market.
In addition to earnings reports,
securities reports and other mandatory
filings, Epson voluntarily produces a
number of publications, including its
annual report, business reports, and
materials from its business presenta-
tions. Moreover, presentations and
audio voiceovers made at earnings
announcements can be easily ac-
cessed at the IR section of Epson’s
corporate website.
Bolstering the
Disclosure Framework
Epson actively convenes a range of
presentations. These are not merely
limited to quarterly earnings presenta-
tions, but include explanations of
Epson’s business operations and tours
of its production plants and other
facilities. During the fiscal year ended
March 31, 2005, Epson held presen-
tations on the development strategy for
Organic Light-Emitting Diode (OLED)
displays and strategies in the
company’s inkjet printer business, and
offered tours of its LCD and printer
production sites.