The Japanese government is strongly urging domestic companies to adopt “offensive management” with the aim of strengthening fundamentals to a level exceeding earnings at overseas companies, amid concerns that the changes in financial, economic, and diplomatic policies brought about by dramatic shifts in government in major countries worldwide will have a powerful impact on Japan’s real economy and capital markets. In March 2017, the Financial Services Agency revised the Stewardship Code to strengthen supervision of corporate governance at companies (stricter guidance on exercise of voting rights), and the Ministry of Economy, Trade and Industry released its “Practical Guidelines for Corporate Governance Systems.” In response to these corporate reforms by the government, major institutional shareholders in Europe, the U.S., Asia and Japan are expected to have an even stronger presence in the market. In particular, collective engagement (joint exercise of voting rights by institutional shareholders), which is accepted in Europe and the U.S., is finally being considered in Japan as well, and it is believed that these market changes have boosted the largest U.S. activists’ participation in Japan. Japan’s listed companies are now truly recognizing the “Power of Equity,” and are finding it necessary to improve corporate governance and step up revision of asset and business portfolios.
In order to accurately respond to this new financial consulting demand from its listed company clients, the Group strives for accelerated expansion of earnings opportunities by deepening its unique SR (shareholder relations, support for exercise of voting rights) and governance consulting services while steadily promoting its sophisticated stock transfer agency business, adding to its lineup the M&A (trust banking) services that contribute to clients’ offensive management and improvement of asset and business portfolios, and enhancing its consulting system to be able to offer the latest proposals while standing always at the client’s side.
On May 30, 2017, the Company received approval from the Tokyo Stock Exchange, Inc. to change its listing from the JASDAQ (Standard) to the Second Section of the Tokyo Stock Exchange. We ask our shareholders for their continued kind support.
IR Japan Holdings, Ltd.
President and Chief Executive Officer