July 24, 2018
The Ministry of Economy, Trade and Industry (METI) launched the Corporate Reporting Lab in 2012 to provide both companies’ managers and investors a common platform to discuss, study, and propose ways of corporate communication and disclosure that may enhance companies’ values. METI has created a progress report on the details of the activities and major achievements of the Lab from December 2016 to May 2018.
1. Details of the Corporate Reporting Lab
In July 2012, METI launched the Lab to provide both companies’ managers and investors a common platform to discuss, study, and propose ways of corporate communication and disclosure that may enhance companies’ values. Participating members made individual efforts to advance the Lab’s activities, including proposing and undertaking various projects.The Lab intends to achieve the following two major goals:
- Bring enterprises and investors together to exchange views, identify differences in perceptions, and seek common ground and establish terminology so as to facilitate more constructive dialogue; and
- Establish a communications hub and a network with a variety of domestic and foreign stakeholders, including, inter alia, overseas investors interested in the Japanese market, and communicate Japan’s message overseas through the network.
2. Outline of Progress Report 2016-2018 (the Lab’s activities and major achievements)
METI has created a report titled “Progress Report 2016-2018” which documents the activities and achievements of the Lab from December 2016 to May 2018. The outline of the report is as follows;
- The Planning Committee held discussions on: ideal communications with investors at small/medium cap companies, current situations at home and abroad surrounding Non-GAAP indicators in terms of promoting dialogues between companies and investors, efforts to encourage integral disclosure of business reports and securities reports etc., and matters that should be examined in the future and other issues.
- At the Working Group on Corporate Governance Dialogue, METI explained the CGS Guidelines, which were released by METI as practical guidelines on what a corporation should concretely examine or address in order to enhance its corporate value, and the Business Management Human Resources Development Guidelines and Diversity 2.0 Action Guidelines, both of which are appendices to the CGS Guidelines, and participants held discussions on measures for dissemination of these guidelines.
References: Past activities and achievements of the Lab (July 2012 to December 2016)
- Progress Report 2012-2013(PDF:823KB)
- Progress Report 2013-2014(PDF:163KB)
- Progress Report 2014-2015(PDF:226KB)
- Progress Report 2015-2016(PDF:531KB)
Division in Charge
Corporate Accounting, Disclosure and CSR Policy Office, Economic and Industrial Policy Bureau