IR Activity Transparently and Fairly Communicates the Most Recent Information
TOTO undertakes to engage in communication with institutional investors and shareholders as well as with individual shareholders and investors in Japan and other countries on the basis of IR policy in order to treat them with transparency and fairness. In addition to disclosing information in a timely manner through its dedicated website, TOTO also holds separate meetings as well as briefings to explain its financial results.
We host explanatory meetings for private investors because we want them to be more interested in our business. We offer various opportunities to provide information for the private investors.
Visiting Foreign Institutional Investors
With economy becoming more global every day, our top management does IR activities every year for foreign investors to have them understand our corporate strategies enough before they buy our shares. We visit the investors in Europe, United States, and Asian countries. As they see the presence of our products growing in each country, their interest in TOTO is also growing.
What We Do for Domestic Institutional Investors
For domestic investors, we hold meetings to explain our strategies and invite them to our plants from time to time, not to mention announcing financial results twice a year and entertaining media daily.
We provide private shareholders with Special Benefit Plans to build closer relations with them. From fiscal 2012 onward, products (such as rice and wine) related to environmental and social contribution activities such as the TOTO Water Environment Fund and the TOTO Acorn Reforestation Project and products that help support disaster-stricken areas affected by the Great East Japan Earthquake will be selected as complimentary gifts. Please see here for the details of Special Benefit Plans for Shareholders
Evaluation by External Parties
In response to requests from investors and society, TOTO makes an active effort to disclose information on its CSR and ESG (environmental, social and corporate governance) initiatives. TOTO's CSR activities are highly evaluated in and outside Japan and is included in the following SRI Index. SRI Index is a group of corporations that are selected for being excellent in not only profitability, but also CSR activities such as compliance with laws, good practice in employment, respecting human rights, good consumer relations, and contribution to society and to local communities.
Dow Jones Sustainability World Indexes (DJSI World)
In FY2016, TOTO was again selected for the global socially responsible investment indicator, the Dow Jones Sustainability World Index. This is the sixth consecutive year in which TOTO has been selected for this index. The DJSI was developed by S&P Dow Jones in collaboration with RobecoSAM, a company that specializes in investigating socially responsible investment. It analyzes corporations from the three perspectives of economy, environment, and society, and selects the top 10% of companies that excel in business sustainability. In 2016, 316 companies (including 26 companies from Japan) were selected from approximately 2,500 corporations assessed.
RobecoSAM CSR Rating
TOTO received a Silver Class CSR Rating in 2017 from RobecoSAM, a world famous company that evaluates socially responsible investing (SRI). RobecoSAM (Headquarters: Switzerland) evaluates the sustainability of approximately 3,000 corporations across the world each year in the three domains of economy, environment, and society. Among these, the most exemplary corporations are classified into Gold, Silver, or Bronze categories. In 2017, 77 companies were awarded the Gold Class, 82 companies were awarded the Silver Class and 105 companies were awarded the Bronze Class. This is the fifth consecutive year in which TOTO has been selected for this rateing.
「FTSE4Good Index Series」
In FY2017 TOTO was selected for the FTSE4Good Index, an equity index series that is composed of companies that meet globally recognized corporate responsibility standards. 883 global companies are included in the FTSE4Good Index Series, out of which 148 are Japanese companies.It is the second consecutive time TOTO has been included.
「MSCI Global Sustainability Indexes」
In June 2015, TOTO was selected for the global socially responsible investment indicator, the MSCI Global Sustainability Indexes. The MSCI Global Sustainability Indexes, developed by MSCI Inc., analyzes corporations from the three perspectives of economy, environment, and society, and selects excellent companies.
*THE INCLUSION OF TOTO LTD. IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HERIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF TOTO LTD. BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.
Ethibel Investment Register
As one of 344 companies (including 43 companies from Japan) selected for the "EXCELLENCE" mark for sustainability in the Ethibel Investment Register, a system for evaluation conducted by the globally influential SRI (socially responsible investing) research company Ethibel, TOTO was selected to be one of only 101 companies (including 12 Japanese companies) included in the superior "PIONEER & EXCELLENCE" category in FY2015.
TOTO agrees with CDP's efforts and positively discloses how we are addressing environmental issues such as climate change and water.
*CDP is an international non-profit organization in the UK. It surveys and evaluates how global companies and cities are working on environmental issues such as climate change, water and forests and provides information and results to investors, representing 827 institutional investors with total assets of 100 trillion US dollars. CDP(Climate Change)evaluates 6,000 top companies in the world, including 500 in Japan. CDP(Water) evaluates over 1,200 top companies in the world, including 150 in Japan.
Morningstar Socially Responsible Investment Index (MS-SRI)
This is an SRI index that selects top 150 out of about 3,600 listed domestic companies using the five criteria of governance, marketing, employment, social contribution, and the environment. TOTO has been selected every year since 2006.
*The Morningstar Socially Responsible Investment Index (MS-SRI) is the first socially responsible investment index in Japan. Morningstar Japan K.K. selects 150 companies from among approximately 4,000 listed companies in Japan by assessing their social responsibility, and converts their stock prices into the index.