NEC 2015 Annual Report Download - page 44

Dialogs with Shareholders and Investors
Shareholders and other investors constitute one of NEC's most important
stakeholder groups. By raising the transparency of management through
timely, appropriate, and fair disclosure, NEC aims to deepen the
investment community's understanding of our corporate value.
Dialogs with shareholders (interviews) are primarily conducted by the
Investor Relations Office (IR Office), the department within the Corporate
Strategy Division responsible for investor relations. The Company
president and CFO also meet with key shareholders. However, before
members of senior management meet with the shareholders, they talk
with the IR Office, Corporate Communications Division, Accounting
Division, Finance Division, Legal Division, and other relevant internal
divisions. The reason for these prior meetings is to ensure a shared
understanding of both the management strategies and the overall
operating performance to disclose. This is an effective way of preventing
the disclosure of what could be considered “insider information”. In
addition, officer(s) from the IR Office always sit in on meetings between
shareholders and members of senior management, and later report on the
details of the meeting to relevant NEC managers. In principal, more than
one IR Office officer will attend the meetings with shareholders, thereby
ensuring mutual checks to control the information disclosed. During the
fiscal year under review, the Company held 440 meetings (88 more than
in the previous fiscal year) with securities analysts and institutional
investors inside and outside of Japan. In this way, we engaged in dialog
with more than 800 people representing approximately 700 companies.
In addition to individual meetings, members of senior management hold
management briefings and quarterly financial-result briefings for the media,
securities analysts, and institutional investors. Also, executives responsible
for individual businesses have briefings on their businesses, including tours
of facilities and briefings on research progress. During the fiscal year under
review, management conducted financial-result briefings such as:
• the president speaking at briefings in April and October,
• a tour of our Fuchu Plant’s Satellite Integration Center in July,
• an R&D briefing in December, and
• a seminar on business related to Japan’s upcoming Social Security and
Tax Number System in March.
Members of senior management also engage in dialog with
shareholders through the General Meeting of Shareholders. Additionally,
the IR Office holds briefings for individual investors several times a year
at branches of securities companies. During the fiscal year under review,
approximately 350 people attended such briefings, which were held in
seven cities across Japan.
Shareholders’ opinions and
the ideas gained through these
IR activities are regularly
provided as feedback to senior
management. Then, once each
quarter, the CFO reports on
shareholders’ opinions and ideas
at a Board of Directors Meeting.
Customers
Sales activities
Customer satisfaction surveys
NEC Customer
Communication
Center
Suppliers
Meetings with suppliers to exchange information,
compliance hotline, CSR-Process
Management Reviews
(CSR-PMR), etc.
Employees
Labor-management councils,
compliance hotline, ONE NEC Survey,
Engagement Survey, etc.
Local Communities
NEC Make-a-Difference Drive (employee
volunteering), dialogs and collaboration
with non-profit organizations (NPOs), etc.
Shareholders and Investors
Investor relation (IR) meetings,
dialogs with organizations that
evaluate socially
responsible
investing (SRI) NEC Group
Global Environment
The NEC Group is carrying out reforms aimed at becoming a social value innovator capable of continuously contributing to
society for over 100 years. To this end, it is important for the Group to be sensitive to societal trends and expectations.
Through communications with various stakeholders, the Group will continue to work with them to find solutions to
social issues.
Stakeholder Engagement
43 NEC Corporation
Annual Report 2015