Selection of Companies for 2019 Competitive IT Strategy Company Stock Selection and and Noteworthy IT Strategy Companies Programs Announced
METI and the TSE selected outstanding listed companies implementing a Competitive IT Strategy to enhance corporate value
April 23, 2019
The Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) have jointly been conducting a selection of outstanding companies for their efforts for IT utilization under the Competitive IT Strategy Company Stock Selection program. METI hereby announces that METI and the TSE have selected 29 companies under the 2019 Competitive IT Strategy Company Stock Selection program and 20 companies under the 2019 Noteworthy IT Strategy Companies program. These programs were held five times this year.
1. Outline of the Competitive IT Strategy Company Stock Selection program
The program targets TSE-listed companies proactively engaging in efforts for IT utilization to improve management innovations, earnings and productivity in terms of improving mid- to long-term corporate value and fortifying competitiveness. METI and the TSE select such companies among all TSE-listed companies as Competitive IT Strategy Company Stocks by sector and introduce them to the public.
In the 2019 program, METI and the TSE assessed companies that have been engaging in promotion of efforts for digital transformation (DX)* in accordance with the DX Promotion Guidelines and whose management has strongly been committed to such efforts.
To assess companies’ current efforts for IT utilization, METI conducted a survey titled “2019 Survey of Competitive IT Strategies,” targeting all TSE-listed companies. In screening candidate companies, METI assigned scores to the responses concerning the following five areas and financial situation, and finally selected 29 companies screened by the final examination of the examination committee.
As part of the program, for the fifth time this year, aiming to strongly encourage companies’ efforts for DX, METI and the TSE selected one outstanding company for its leadership in the digital era among the selected companies above and honored the winner with the “DX Grand Prix.”
I. Utilization of IT to increase corporate value in terms of management policies and plans
II. Strategic utilization of IT to increase corporate value
III. Systems and personnel for promoting the Competitive IT Strategy
IV. Fundamental initiatives supporting the Competitive IT Strategy
V. Initiatives focused on evaluating and improving IT investment to increase corporate value
Selection criteria:1. Score of the questionnaire responses and ROE should be above a specified level.
2. Assessment score by the examination committee should be above a specified level.
3. Companies should be committing no serious violations of law and regulations.
2. List of the 2019 Competitive IT Strategy Companies (29 companies, in the order of industry category and securities code)
TSE news release:
3. List of the 2019 Noteworthy IT Strategy Companies (20 companies, in the order of industry category and securities code)
In this category, METI and the TSE selected companies that marked high scores in the comprehensive evaluation or those engaging in noteworthy IT efforts, excluding those already selected in the 2019 Competitive IT Strategy Company Stock Selection program. This category aims to expand the base of the Competitive IT Strategy Companies program, in light of many companies engaging in outstanding efforts for IT utilization, other than those selected in the Competitive IT Strategy Companies program.
Division in Charge
IT Innovation Division, Commerce and Information Policy Bureau, METI