Investor relationsManagement policyDialogue with shareholders and investors

Policy on constructive dialogue with shareholders and investors

The Company believes that building long-term relationships of trust through constructive dialogue with shareholders and investors is an important initiative to enhance corporate value. To ensure full and effective dialogue, the Company’s IR Division and related departments work together to proactively disclose information in a timely, appropriate, and fair manner.

Dialogue with shareholders and investors

We are actively conduct IR activities aimed at institutional investors and investors

We actively engage in communications with stakeholders through corporate briefings for investors and meetings with analysts and domestic and foreign institutional investors to provide opportunities for direct dialogues between shareholders, investors, and top management.
We also regularly participate in asset management expos to improve our name recognition, broaden our corporate recognition, and expand our base of investors and people interested in our company.

We hold company information sessions for investors twice a year in Tokyo. In response to requests from investors, we added a hybrid meeting format for investors to participate either in-person or online. Videos of these meetings are publicly available on our website.

TOCALO also maintains a corporate website with access to the latest investor relations information. The website provides important disclosure information and highlights our business activities and content, including information on the TOCALO Group’s strengths and our surface coating technology’s contribution to protecting the environment.

President Kobayashi speaking at an information session for investors (live broadcast)

Nikkei IR and Investor Fair announcement

Main IR activities (FY2023)

Item	Company representative	Number
General meeting of shareholders	Representative Director, President and Executive Officer	1
Financial results briefing	Representative Director, President and Executive Officer	2 (End of second quarter, end of fiscal year)
Exhibit at Nikkei IR & Individual Investor Fair	Director of Investor Relations, Investor Relations Department	1
Individual meetings with institutional investors	Director of Investor Relations, Investor Relations Department	83

Main dialogue topics with shareholders and investors

Business activities (semiconductor, industrial machinery, steel, and other)
Demand and business outlook
Competitive environment
Shareholder return policy
Capital investment plan
Medium-term management plan progress

IR associated tools

Internal feedback implementation status

A monthly IR report is distribute to share the interests and concerns, and frequently asked questions from investors with senior management and related departments. The information in the reports is used to improve the Company’s management and IR activities.