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"Management with an awareness of capital costs and stock prices" announced by the Tokyo Stock Exchange
(Revised November 2024)


On November 21, 2024, the Tokyo Stock Exchange published our Integrated Report 2024 as a good example of "management that takes capital costs and stock prices into consideration." Message from the CFO (CFO Shugo Hosoda) was introduced.

・Document 3: Key points from the perspective of investors

P.10 I. Current situation analysis and evaluation: Investor expectations Point 2: Examples of initiatives for "multifaceted analysis and evaluation based on the investor's perspective"opens in a new tab
"Analyze and evaluate ROIC-WACC spreads by segment and present measures to expand ROIC spreads for each segment."


P.19 II. Consideration and disclosure of initiatives: What investors expect ⑤ Examples of initiatives that link initiatives to mid- to long-term goalsopens in a new tab
"Using ROIC and TSR logic trees, we provide an easy-to-understand explanation of how each initiative contributes to improving corporate value."


・Reference 4 Case Studies: Prime Market Edition

reference:
Tokyo Stock Exchange publishes "Examples of Management with Consideration of Capital Costs and Stock Prices" that are inconsistent with investors' perspectivesopens in a new tab
Ebara Group Integrated Report 2024opens in a new tab


Going forward, we will continue to proactively disseminate IR information and strive to sustainably improve our corporate value through constructive dialogue with our stakeholders.