1. Objectives of the Policy
Mitsubishi Motors believes that, in order to fulfill its corporate social responsibility (CSR), it is important that it achieves accountability by disclosing timely and appropriate information to its stakeholders.
Furthermore, we believe that achieving this will contribute to increasing management transparency.
Therefore, we have decided to carefully comply with the Rules Concerning Timely Disclosure of the Tokyo Stock Exchange (hereinafter referred to as “TSE”) and to formulate and carefully follow a policy which clearly state the types of information to be disclosed, the basic principles of disclosure, the responsible persons, division in charge, the disclosure process, etc.
2. Types of Disclosed Information
The information covered by this policy shall include “information related to the Company's business, operations, or performance which has a significant effect on securities investment decisions” (hereinafter referred to as “material information”) that the TSE requires to be disclosed in a timely and appropriate manner based on its Rules Concerning the Timely Disclosure.
Examples of Material Information
- Decisions by the Company
Decisions regarding the issuing of new shares, business alliances, the transfer of subsidiaries, the transfer or acquisition of fixed assets, etc. - Facts which Occurred for the Company
Loss arising from a disaster, filing of a lawsuit, disciplinary action on the basis of laws and regulations by an administrative agency, etc. - Company Earnings Information
Earning results, amendments to performance estimates and amendment to dividend estimate
3. Basic Principles of Disclosure
Mitsubishi Motors shall comply with the following four basic principles when engaging in the timely disclosure of material information.
- Transparency
Disclose information in accordance with the facts regardless of its content. - Timeliness
Disclose information in a timely manner and without delay. - Fairness
Endeavor to ensure that information is transmitted fairly to our various stakeholders. - Continuity
Ensure continuity of the contents of the information disclosed.
4. Person Responsible for the Timely Disclosure of Material Information
The person responsible for handling information appointed in accordance with the TSE rules shall be the person responsible for the timely disclosure of material information.
5. Roles of the Division in Charge of Timely Disclosure
The division in charge of IR activities shall also be in charge of timely disclosure and shall fulfill the following roles.
- Liaison with the TSE
Liaison with the TSE regarding the timely disclosure of material information. - Disclosure of material information
The persons responsible shall disclose information for decisions on material information, facts which occur regarding material information and Company earnings information in a timely and appropriate manner. They shall carry out the process from the gathering to the disclosure of material information as shown in the attachment. - Maintenance of the timely disclosure structure
a. Preparation and improvement
The persons responsible shall prepare and improve the disclosure structure, for example by establishing information transmission routes, etc. for the timely and appropriate disclosure of material information.
b. Enlightenment about the significance of timely disclosure
Enlighten executives and regular employees about the significance of timely disclosure of material information.
6. Other Policies
- Handling the spread of market rumors
As a general rule, Mitsubishi Motors shall not comment on inquiries about market rumors. However, if the Company judges that not responding to the rumor could have a serious impact on the Company, it shall correspond with external parties in an appropriate manner. Note: Article 158 of the Financial Instruments and Exchange Act prohibits the spreading of rumors in the markets with the objective of causing fluctuations in the market prices of securities. - Establishment of a silent period
Mitsubishi Motors shall make absolutely no comments regarding its business performance estimates during the two weeks immediately preceding announcements of the full-year and quarterly business results.
Process for the Timely Disclosure of Material Information (Flow Chart)
