ResearchServiceTechnology

Status of Dialogue with
Shareholders and Investors
May 28, 2024

Copyright Ⓒ Ahresty Corporation. All Rights reserved.

Status of Dialogue (FY2023)
The Company actively engages in dialogue with shareholders and institutional investors with the aim ofenhancing its corporate value and provides internal feedback on the content of such dialogue and advice
received in a timely manner through the Board of Directors’ meetings and other means.
No. of times
Press conferences(quarterly)With whom

CorrespondentGeneral Manager, Management Planning
Department

4Analysts
Fund managers
Financial results briefingsPlant tour

Individual
meetings/interviews

President, Directors, Executive Officers andChiefs of Command

21Japanese and overseas institutional investors
Analysts

President, Managing Executive Officers andChiefs of Command, General Manager ofManagement Planning Department

60

Japanese and overseas institutional investors
Analysts
Fund managers

President, General Manager of Management
Planning Department, person in charge of IR

1

Copyright Ⓒ Ahresty Corporation. All Rights reserved.

Main topics and points of shareholders’ interest
Topic

Details

Overview of financial results・ Factors behind changes in net sales, operating income, etc.
・ Income status by segment
・ Financial soundness and balance sheet status

Business strategies andbusiness overview

・ Relation between changes in the market environment and growth strategies
・ Characteristics and strengths of the Company
・ Status of MONOZUKURI improvement

Financial strategies

・ Measures to improve PBR and the capital cost
・ Approach for return to shareholders
・ Criteria for determining orders and investment projects

Governance・ Selection process for the skill matrix
・ Measures for active discussions at meetings of the Board of Directors and theNomination and Compensation Committee・ Evaluation of the effectiveness of the Board of Directors

Sustainability and others

・ Actions to address climate change
・ Status of diversity promotion
・ Initiatives concerning respect for human rights

2

Copyright Ⓒ Ahresty Corporation. All Rights reserved.

Internal feedback and actions taken based on dialogue
Status of internal feedback
Details

Frequency

Board of Directors

・ Results of annual IR activities and issues addressed・ Shareholder trends

Once a year

Management and relevant
departments

・ Discussing and deciding on IR activities and measures at management meetings
・ Review of materials for financial results briefings, integrated reports, etc.

As needed

Actions taken based on dialogue [Actions taken in FY2023] *Including ongoing actions
Requested actions
Enhancing the skill matrix
Strengthening governance
Enhancement of disclosurematerials
Communicating financial
management guidelines
Enhancing return toshareholders

Details・ Added items for human resources and ESG to strengthen sustainability management
・ Appointment of an Outside Director who is not an Audit and Supervisory Committee member* To be appointed upon approval at the annual shareholders’ meeting scheduled to be held in June 2024
・ Disclosed Ahresty’s approach to Gigacasting at the financial results briefings
・ Reviewed contents of the integrated report (to strengthen linkage between the Company’s strategies and the improvementof corporate value)
・ Formulated and disclosed financial strategies in line with the 10-year Business Plan (long-term management plan)
・ Continuous purchase of treasury shares and the Company’s first cancellation of treasury shares

3

Copyright Ⓒ Ahresty Corporation. All Rights reserved.