Tokio Marine Holdings aims to be a company that earns the trust of shareholders and investors and realizes sound and highly transparent corporate governance by undertaking the disclosure of information and the exchange of opinions in a timely and appropriate manner.
Toward Enhancement of Returns to Shareholders
Tokio Marine Holdings strives to enhance returns to shareholders through the payment of dividends and acquisition of treasury stocks, while also securing the collateral strength needed for sound business management.
Regarding dividends, we are maintaining stable dividends with a target payout ratio of 40%-50% of average core adjusted earnings*. In fiscal 2010, the amount of total annual cash dividends was 50 yen per share with a dividend payout ratio of 55% versus average core adjusted earnings.
Additionally, acquisition of treasury stocks will be implemented flexibly by taking into account the market environment, capital status and business opportunities in a comprehensive manner.
*Core adjusted earnings = Adjusted earnings from non-life, life and other businesses - Capital transactions including capital increases
See "Returns to Shareholders" for details.Information Disclosure and Investor Relations
The Tokio Marine Group is striving to enhance disclosure that is fair and easy to understand so that each stakeholder can quickly and accurately understand the current status of the Tokio Marine Group and future business development.
Disclosure Policy of the Tokio Marine Group
We aim to disclose meaningful information regarding the Tokio Marine Group that enhances management transparency and fairness in connection with our "Corporate Social Responsibility."
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Disclosure Policy
It is our policy to expeditiously disclose information in accordance with the Securities Listing Regulations stipulated by the Tokyo Stock Exchange.
We strive for timely, accurate and fair disclosure of other information that is relevant to our customers, shareholders and investors, representative offices and employees, as well as Japanese society at large. -
Disclosure Methods
Disclosure pursuant to the Tokyo Stock Exchange rules, regulations and other requirements is made through the Timely Disclosure network, or TDnet, as well as the press and other appropriate means. We subsequently post disclosed information on our website.
Other disclosure is made in a manner appropriate to the content of the relevant information. -
Disclaimer
Disclosure made based on this Disclosure Policy is intended to accurately, expeditiously and fairly inform the public regarding the Tokio Marine Group's activities and is not intended to constitute an investment offer or solicitation.
Adopted on November 30, 2004
Revised on September 29, 2010
Proactive IR Activities
Briefing for individual investors
Tokio Marine Holdings carries out continual dialogue (investor relations) with shareholders, investors and securities analysts, with the President and other executives playing central roles.
In fiscal 2010, in addition to two briefings for institutional investors, a total of 155 meetings were held through visiting institutional investors overseas and a total of approximately 460 institutional investors were met with in Japan and around the world. Additionally, briefings were also held for individual investors.
Opinions and suggestions received via various types of briefing sessions, one-on-one meetings and other means are indispensable for realizing sound and highly transparent corporate governance. We truly value investors' opinions, and will continue to work to reflect such feedback in future operations.
| IR Briefings for Individual Investors | October 2010: Implemented investor seminar hosted by a securities company in addition to a briefing for individual investors. |
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| Briefings for analysts and institutional investors | Held financial results and investor relations briefings (twice annually) and appropriately held briefing sessions for institutional investors. |
| Briefings for overseas investors | Held a total of 7 briefings in the U.S., Europe and Asia, and implemented individual meetings for 155 overseas institutional investors. |
| IR materials posted on website | Posted information of financial results and disclosure materials besides financial results on the company website in an appropriate and timely manner, as well as annual security reports, IR briefing materials and videos, and explanatory videos of preliminary reports regarding the monthly business results of principal subsidiaries. |
Consequently, in November 2010 Tokio Marine Holdings won the IR Prime Business Award by the The Japan Investor Relations Association in recognition of these IR activities. The award was received following the IR Special Award in fiscal 2008.
Additionally, the Company website also was number one in the insurance industry for two consecutive years on Gomez Consulting Co., Ltd's "Investor Relations Web-Site Ranking 2011." It was also selected as the best site (ranked number one by business sector) in Nikko Investor Relations Co., Ltd. 's ranking of listed company websites.
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