Mazda 2016 Annual Report Download - page 37

Business Management System
Dialogue with Shareholders and Investors
For continued growth and enhancement of corporate value over the medium and long terms,
the Company shall promote investor relations through the timely and appropriate disclosure of
information to shareholders and investors and through constructive dialogue. In addition to
general shareholders’ meetings, the Company holds meetings with shareholders and investors
to explain its quarterly business results, management, and other business activities. Mazda is
working to increase opportunities for dialogue in such ways as holding business briefings for
institutional investors, individual investors, and domestic and overseas securities analysts.
Mazda’s website provides information including the schedule for general shareholders’
meetings and financial results announcements, performance / financial data, notice of the
general meeting of shareholders (business report), shareholders reports (Japanese only),
summary of financial results, briefing materials for the financial results, asset securities
reports (Japanese only), annual reports, and Corporate Governance Report as the Company
shall endeavor to disclose information impartially and with a high degree of transparency.
Basic Strategy for Capital Policy
In order to enhance corporate value over the medium and long terms and build a solid financial
foundation for stable, continued growth, the Company shall endeavor to reduce its interest-
bearing debt and increase its equity capital.
The Company shall also endeavor to use its management resources effectively and enhance
its capital efficiency.
With regard to shareholder return, the Company shall endeavor to strengthen its financial
foundation for a higher dividend payout ratio, with the payment of dividends based on perfor-
mance as its basis.
Cross-Shareholdings
Taking into overall consideration the business strategy, the necessity to business activities such
as maintaining and strengthening business dealings, and the economic rationality of cross-
shareholdings, the Company shall have cross-shareholdings when mutual cooperation between
companies will lead to the enhancement of corporate value over the medium and long terms.
Every year at a Board of Directors meeting, the Company shall verify the economic rational-
ity of its cross-shareholdings and the outlook over the medium and long terms based on the
returns on and risks of its principal cross-shareholdings.
Initiatives to Invigorate General Shareholders’ Meetings and Ensure the
Smooth Exercise of Voting Rights
Date for general share-
holders’ meetings
General shareholders’ meetings are held on dates that avoid
concentrations of other companies’ general meetings.
Exercise of voting rights To improve convenience, voting by electromagnetic methods
was introduced from the general shareholders’ meeting held
in June 2004.
Environment for exercise
of voting rights for
institutional investors
Mazda has participated in the electronic voting platform operated
by ICJ Co., Ltd., for the exercise of voting rights by institutional
investors from the general shareholders’ meeting held in
June 2008.
English convocation notice An English version of the convocation notice is prepared as
a reference for the exercise of voting rights.
Others The convocation notice is mailed early and disclosed on the
corporate website prior to mailing.
English: http://www.mazda.com/en/investors/stockinfo/meeting/
Japanese: http://www.mazda.com/ja/investors/stockinfo/meeting/
MAZDA ANNUAL REPORT 2016
35 Foundations Underpinning
Sustainable Growth
Message from
Management
Review of Operations
Drivers of Value Creation
Financial Section
Contents