Presentation Transcripts

Latest Update : Aug.23, 2021

Back to Financial Results (FY3/2022)

Investor Conference Call for 1Q FY 3/2022 held on August 4, 2021

We decided to buy back shares as part of our shareholder return policy.
If you look at other companies' P/E ratios and take the electrical equipment sector whose market capitalization is over 500 billion yen for example, the median is 22.5x and the average is 28.8x. Compared to that, our P/E ratio is a little less than 19x, so I believe it is still undervalued.
Beginning this year, the absolute value of market capitalization was added to the KPIs used by the Nomination and Compensation Committee for evaluating my bonus. We will not only pursue profit as we have in the past, but we will also focus on how we can please our shareholders and increase our market capitalization.

22page (total 34pages)

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