Fairness and openness (communications with stakeholders)

Conducting procurement and maintaining trade relationships with partner companies based on free, equitable and transparent rules

Our interaction with suppliers is based on free, equitable and transparent market principles. We assess the quality, technology and prices offered by suppliers based on an assessment table and give them fair opportunities to compete, thus making transactions freer and more equitable. In addition, we regularly review our provisions of purchasing management in order to create fairer rules that match actual conditions.

With the aims of sharing information and enhancing communication with partner companies, we hold quality meetings before or after peak periods twice a year. Alongside sharing challenges and creating a framework during these peak periods, a quality manual is used and complied to ensure quality control. In addition, the person in charge from PRONEXUS visits partner companies that we are closely affiliated with and holds meetings, which serve as the basis for sharing and providing guidance on points for improvement through direct dialogue onsite with the person in charge from partners.

Ensuring fair disclosure to shareholders and investors and creating long-term relationships with them

With the goals of increasing awareness of PRONEXUS and enhancing communication with individual investors, we actively exhibit at IR events and hold IR seminars. At IR events, we run booths that appeal to the senses and strive to make sure our presentations are easy to understand. We ask visitors to fill out a questionnaire and use the findings to improve our IR activities.

We also create easy-to-understand content for our business reports for shareholders and continue to conduct surveys for shareholders. The survey results are reported back to shareholders, as well as management, and are used in our examination of business strategy and IR policy.

We continue to give lectures at corporate IR and individual investor support events cosponsored by Radio Nikkei. The presentations are broadcast on Radio Nikkei and are available on demand.

We strive to ensure fair disclosure of IR information to overseas investors by presenting almost all content on our website in both Japanese and English.

For shareholder return, our basic policy is to pay stable, continual dividends, taking into account a comprehensive evaluation of business performance and the operating environment. In principle, the consolidated dividend payout ratio is set at 50% or more. (There was an annual dividend of 33 yen per share for fiscal year ended March 31, 2021 with a consolidated payout ratio of 52.5%).

PRONEXUS places importance on acquisition of treasury stock in the belief that this will help to return profits to shareholders and improve capital efficiency. The total number of shares of treasury stock held stands at 2,031,321, which is 7.1% of all shares issued (as of March 31, 2021).

With the goal of having shareholders retain shares for a long time, we have introduced a program where shareholder benefits depend on the number of shares held adjusted by the length of time they have been held. This policy has been well received by shareholders as it rewards people who hold their shares for a long period.

Strengthening ties with NGOs, NPOs and local organizations

PRONEXUS places importance on strengthening ties with local organizations, NGOs and NPOs, in addition to building relationships with employees, suppliers and shareholders as a corporate citizen.

In particular, we receive information and advice from these stakeholders regarding protecting forests and regional contribution activities with the aim of developing programs that maximize the strengths of both parties. We are working to create strong, long-term relationships with OISCA International, Minato Eco-Conscious Consortium (an organization from Minato Ward in Tokyo), social welfare councils, and officials from Toda City in Saitama Prefecture, Doshi Village in Yamanashi Prefecture and Fuchu-machi in Toyama City.