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  1. Kodu
  2. About Clarion
  3. CSR Report
  4. Together with Shareholders and Investors

Together with Shareholders and Investors

Clarion believes it is important for us to disclose management information, such as the state of our business activities and the details of our financial position, and communicate our management philosophy and policy to all of our shareholders and investors accurately and in a timely manner. We will continue our information disclosure efforts through our home page and the Shareholders Bulletin booklet (only Japanese version available).

Increasing Value to Shareholders

As an in-vehicle information solutions provider, Clarion is accelerating the transformation of its business portfolio to speed up global development of our Intelligent Safety business, which focuses on “safety and security,” and our Connectivity business, which lets customers “connect” with the world outside of the vehicle. We aim to be a world leader in products and services that respond to market changes and customer needs, evolving even further for enhanced value to shareholders.

As stated in the “Corporate Governance Code” formulated in 2015, we must actively engage in dialog with and provide relevant information to all our shareholders and investors in order to ensure sustained growth of the enterprise and increase of our value to shareholders in medium to long term. We have a disclosure policy to ensure that we share our corporate vision and business strategy with shareholders and investors in an appropriate and timely fashion. It also states clearly our sincere and honest approach to the issue from viewpoints of our shareholders and investors, to make prompt, accurate and fair disclosures, also in compliance with all laws, regulations and stock exchange rules.

The disclosure policy also specifies measures such as active discussion by the disclosure committee in preparation of equitable, timely and appropriate disclosures.

Shares and Shareholders (as of March 31, 2016)
Number of Authorized Shares: 450,000,000
Number of Issued Shares: 282,744,185
Number of Shareholders: 15,566
Types of Shareholders (As of March 31, 2016)
Major 10 Shareholders (As of March 31, 2016)
Name of the Shareholder Number of Shares (in thousands) Percentage in total (%)
Hitachi, Ltd. 179,815 63.80
Japan Trustee Services Bank, Ltd. 6,224 2.22
Bank of New York GCM Client Accounts JPRD ISG FE-AC 3,365 1.19
The Master Trust Bank of Japan, Ltd. 3,081 1.09
Chase Manhattan Bank GTS Clients Account Escrow 3,015 1.07
Goldman Sachs International 2,454 0.87
MSCO Customer Securities 2,202 0.78
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. 1,813 0.64
Deutsche Bank A.G. London PB Non-Treaty Clients 613 1,499 0.53
1. Other than the above, the Company holds treasury stock of 883,594 shares.
2. Percentage of shares is calculated after deduction of the treasury stock.

Timely Information Disclosure

Clarion communicates relevant information to our shareholders and investors through our “Shareholders Bulletin,” website, investor relations (IR) activities, and other means to promote constructive dialog. The Shareholders Bulletin informs our shareholders of operational status, activities and results. It is issued twice a year, in June and December, and carefully edited to make the information easier to read and understand. Furthermore, we have created the IR Library on our web site for our shareholders and investors. It contains our financial statements data at closing and other company information. It is updated regularly. We respond swiftly to all inquiries from shareholders or investors as part of our commitment to IR.

  1. Kodu
  2. About Clarion
  3. CSR Report
  4. Together with Shareholders and Investors