Ahresty : Status of Dialogue with Shareholders and Investors

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Status of Dialogue with Shareholders and Investors

May 28, 2024

Copyright Ⓒ Ahresty Corporation. All Rights reserved.

Status of Dialogue (FY2023)

The Company actively engages in dialogue with shareholders and institutional investors with the aim of enhancing its corporate value and provides internal feedback on the content of such dialogue and advice received in a timely manner through the Board of Directors' meetings and other means.

	No. of times	With whom	Correspondent
Press conferences	4		General Manager, Management Planning
(quarterly)		Department
		Analysts
		Fund managers
Financial results briefings	2		President, Directors, Executive Officers and
	Chiefs of Command
		Japanese and overseas institutional investors	President, Managing Executive Officers and
Plant tour	1	Chiefs of Command, General Manager of
Analysts
		Management Planning Department
Individual		Japanese and overseas institutional investors	President, General Manager of Management
60	Analysts
meetings/interviews	Planning Department, person in charge of IR
	Fund managers

1

Copyright Ⓒ Ahresty Corporation. All Rights reserved.

Main topics and points of shareholders' interest

Topic	Details
	・ Factors behind changes in net sales, operating income, etc.
Overview of financial results	・ Income status by segment
	・ Financial soundness and balance sheet status
Business strategies and	・ Relation between changes in the market environment and growth strategies
・ Characteristics and strengths of the Company
business overview
・ Status of MONOZUKURI improvement
	・ Measures to improve PBR and the capital cost
Financial strategies	・ Approach for return to shareholders
	・ Criteria for determining orders and investment projects
	・ Selection process for the skill matrix
Governance	・ Measures for active discussions at meetings of the Board of Directors and the
Nomination and Compensation Committee
	・ Evaluation of the effectiveness of the Board of Directors
	・ Actions to address climate change
Sustainability and others	・ Status of diversity promotion
	・ Initiatives concerning respect for human rights

2

Copyright Ⓒ Ahresty Corporation. All Rights reserved.

Internal feedback and actions taken based on dialogue

Status of internal feedback

	Details	Frequency
Board of Directors	・ Results of annual IR activities and issues addressed	Once a year
・ Shareholder trends
Management and relevant	・ Discussing and deciding on IR activities and measures at management meetings	As needed
departments	・ Review of materials for financial results briefings, integrated reports, etc.

Actions taken based on dialogue [Actions taken in FY2023] *Including ongoing actions

Requested actions	Details
Enhancing the skill matrix	・ Added items for human resources and ESG to strengthen sustainability management
・ Appointment of an Outside Director who is not an Audit and Supervisory Committee member
Strengthening governance
* To be appointed upon approval at the annual shareholders' meeting scheduled to be held in June 2024
Enhancement of disclosure	・ Disclosed Ahresty's approach to Gigacasting at the financial results briefings
・ Reviewed contents of the integrated report (to strengthen linkage between the Company's strategies and the improvement
materials
of corporate value)
Communicating financial	・ Formulated and disclosed financial strategies in line with the 10-year Business Plan (long-term management plan)
management guidelines
Enhancing return to	・ Continuous purchase of treasury shares and the Company's first cancellation of treasury shares
shareholders

3

Copyright Ⓒ Ahresty Corporation. All Rights reserved.