1. Purpose of IR Activities
Tokio Marine Holdings, Inc. (hereinafter, the “Company”) discloses information related to the assessment of corporate value to shareholders, investors and securities analysts (hereinafter, “shareholders and investors”) in a timely and proper manner through IR activities. The Company also engages in constructive dialogue with shareholders and investors. The Company makes efforts to gain accurate understanding of the Tokio Marine Group strategy and financial information, etc., so that the Company can obtain the trust and appropriate corporate valuation from shareholders and investors. The Company feeds market dialogue, opinions, evaluations and other information back to its senior management and makes use of this information in its management in the aim of increasing corporate value.
2. IR Organizational Structure
(1) IR Department
The Company assigns a corporate executive management to oversee IR activities and has established the Corporate Planning Department, Investor Relations Group as the representative of IR activities. Through this structure, the Company seeks to enhance its disclosure of information and dialogue. The department in charge of IR activities cooperates appropriately with the Company's operating departments, as well as Group companies.
(2) Directors, Officers and Employees who conduct IR activities
The Company will conduct IR activities by related officers including the Group CEO, directors, officers and employees in the Corporate Planning Department and other directors, officers and employees of Group companies who have been designated by the above persons.
3. Disclosure of IR Information
(1) Disclosure Requirement
The Company engages in disclosure of information in accordance with applicable laws such as the Financial Instruments and Exchange Act, etc. and regulations of the stock exchanges where the Company's shares are listed. The Company will also proactively disclose other information of substantial interest to shareholders and investors, as well as information intended to promote an understanding of the Tokio Marine Group.
(2) Disclosure Method
The Company provides timely disclosure based on the Securities Listing Regulations through the Timely Disclosure network (TDnet) of the Tokyo Stock Exchange, and promptly posts the disclosed information on its website. The Company strives for fair disclosure worldwide by also posting information other than the above on its website.
(3) Management System of Material Information (including the definition of “material information”)
To avoid the selective disclosure of nonpublic material information to a limited group of market participants, the Company ensures that the concerned directors, officers and employees handle the information in an appropriate manner.
If material information is disclosed to a limited group of market participants, the Company will take appropriate measures such as promptly posting information on its website.
Material information in this policy refers to information such as information required to be disclosed by the timely disclosure rules of the Tokyo Stock Exchange, as well as financial information (deterministic financial information relating to annual or quarterly settlement) that has significant influence on the Company’s stock price.
The following is basically not subject to “material information”.
- Information about medium to long-term business strategies and plans, etc. exchanged during discussions with shareholders and investors
- Detailed breakdown and/or supplemental explanation of information already released, and prospects for economic trend assumed as the base of business forecast
- Information which can influence investment decisions by combining with other information, however, cannot have an influence by itself (mosaic information), etc.
4. Quiet Period for IR Activities
To prevent the leakage of financial results before scheduled releases, the Company defines the three weeks prior to each of the quarterly announcements of financial results as a “quiet period”. During the quiet period, the Company will refrain from answering inquiries regarding financial results, holding individual meetings and presentations about the Company in principle. However, even during such period, information will be disclosed, as appropriate, pursuant to the Timely Disclosure Rules, if a significant deviation from the business forecast included in the last disclosure is expected. The Company may answer questions on the information that has already been made public even during the quiet period.
5. Response to Uncertain Information
In principle, the Company will not comment on market rumors concerning the Tokio Marine Group, etc. However, when rumors potentially have a significant influence on the Company’s stock price etc., the Company may disclose certain information through the Company’s website and/or the Timely Disclosure network (TDnet) etc.
Adopted on April 1, 2018