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Progress Report on the Corporate Reporting Lab

The Ministry of Economy, Trade and Industry (METI) launched the Corporate Reporting Lab in 2012 to provide enterprises and investors with opportunities to deepen dialogues for enhancing corporate value as well as to discuss, study and propose more effective communication and disclosure about corporate value. METI compiled a progress report of details of activities conducted by the lab and the major achievements made from July 2013 to August 2014.

1. Corporate Reporting Lab

In July 2012, METI launched the lab to provide enterprises and investors with opportunities to deepen dialogues for enhancing corporate value as well as to study, discuss, and propose more effective communication and disclosure about corporate value. Participating members have advanced the lab’s activities through their own efforts, from proposing projects to completing them.

The lab aims to achieve the following two major goals:

  1. Bringing enterprises and investors together to exchange views, identify differences in perception and seek common ground and terminology so as to facilitate dialogues in a more constructive manner and;
  2. Establishing a communication hub and a network with a variety of stakeholders from inside and outside Japan, including, inter alia, overseas investors interested in the Japanese market, as well as conveying Japan’s messages to overseas countries.

2. Outline of the Progress Report 2013-2014 (the lab’s activities and major achievements)

METI compiled the results of activities conducted by the lab and major achievements made from July 2013 to August 2014 into a report, titled “Progress Report 2013-2014.”

As a first effort, in July 2013, a special project was launched, titled “Competitiveness and Incentives for Sustainable Growth: Building Favorable Relationships between Companies and Investors (Ito Review).” Under the project, participants analyzed and made recommendations with respect to the issues companies face in seeking to increase corporate value and generating on-going growth via investor dialogue and capital procurement. Key messages of the recommendation are the need for a shift to capital efficiency-focused management, optimization of the investment chain, and promotion of two-way dialogue between companies and investors.

The final report is accessible on the following website:
URL: http://www.meti.go.jp/english/press/2014/pdf/0806_04b.pdf (PDF:1,372KB) PDF File

In addition, the Working Group on Corporate Governance Dialogue studied, discussed and proposed ideas on certain issues, including how Japanese companies should face overseas investors through information disclosures and dialogues, and how Japan should explain Japan-wide corporate governance activities to overseas countries. In particular, the Good and Bad Practices in Notice of General Meeting of shareholders Task Force conducted a questionnaire survey targeting large-companies’ investors from January to March 2014, and publicized the results of the survey in May 2014 as a report titled “the Results of a Survey for Case Examples of Good Practices Concerning Shareholder Meeting Notices.”

The publicized report is accessible on the following website:
URL: http://www.meti.go.jp/english/press/2014/0509_01.html

Moreover, the Investors’ Feedback Task Force, the Survey on Actual Practices of Asset Owners Task Force and the Working Group on Forum of Investor have also conducted activities. For details and achievements of the task forces and working groups, see the text of the report.

As additional information, the lab’s activities and achievements from July 2012 to June 2013 are publicized as a report titled “Progress Report 2012–2013” on the following website:
URL: http://www.meti.go.jp/english/press/2013/0823_01.html

Appendix

Full text of the report (PDF:1,350KB) PDF File (in Japanese)

Release date

October 22, 2014

Division in Charge

Corporate Accounting, Disclosure and CSR Policy Office, Economic and Industrial Policy Bureau

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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