In conducting IR activities, Mitsui Fudosan promotes understanding among shareholders, investors, securities analysts and other market participants, aiming to acquire appropriate valuations through initiatives aimed at building long-term relationships of trust with market participants. To achieve these objectives, the Company appropriately discloses details regarding management strategy, financial conditions and other Company-related information. Regarding disclosure, information from Mitsui Fudosan divisions, departments and subsidiaries is collected by the General Administration Department under the management of the General Manager, General Administration Department, the person in charge of handling information. The General Administration Department and relevant departments conduct discussions on the necessity of timely disclosure based on the Financial Instruments and Exchange Act and related laws and the Timely Disclosure Rules established by the Tokyo Stock Exchange, then make a decision with regard to disclosure. Furthermore, when disclosing information, the Company complies with the Fair Disclosure Rules set forth in the Financial Instruments and Exchange Act and strives to realize the prompt and fair disclosure of information.
(1) Disclosure Standards
We disclose information in a timely manner according to the Financial Instruments and Exchange Law and related regulations, as well as rules determined by the Tokyo Securities Exchange (TSE). Our policy is to disclose information swiftly, with an emphasis on four core areas: transparency, fairness, continuity, and timeliness. As far as possible, we also work actively to publish information not required by disclosure laws, to the extent that we deem such information would engender a better understanding of our operations.
(2) Disclosure Methods
Information mandated by rules of timely disclosure is transmitted via TD-NET, an information network operated by the TSE. Securities reports, quarterly reports, and other financial disclosure documents are released via EDINET, the electronic disclosure system operated by Japan’s Financial Services Agency. Information not subject to regulations but deemed important from an investment perspective is swiftly uploaded to the Company’s Web site and released to media organizations.
Furthermore, when disclosing information, the Company complies with the Fair Disclosure Rules set forth in the Financial Instruments and Exchange Act and strives to realize the prompt and fair disclosure of information.
(3) Disclosure to Third Parties and Performance Forecasts by Third Parties
The Company holds regular meetings with institutional investors, analysts, and others. At such meetings, the Company in principle makes references to past historical facts, facts already disclosed, and limited information pertaining to the general business environment. The Company does not interfere with the opinions and recommendations of securities analysts, nor does it in principle make comments on reports and earnings models prepared by third parties. However, the Company will point out misinterpretations and factual errors.
(4) Responding to Rumors
In principle, the Company does not comment when it receives inquiries about rumors. However, in cases where the Company believes it would be significantly affected by a rumor if that rumor were not addressed, the Company will quickly identify the source of the rumor and take appropriate actions as necessary.
(5) Quiet Period
To prevent leakage of financial information and ensure fair disclosure, the Company designates the three-week period ending the date of announcement of its financial results as the "quiet period." During this period, the Company will neither comment upon nor respond to queries concerning its financial results. If, however, the Company becomes aware of major discrepancy between its performance forecast and its actual financial results, it will publicly announce this discrepancy according to rules of timely disclosure. The Company will also respond to questions about previously disclosed information, even during the quiet period.