In addition to our daily contacts with investee companies, we discuss and make dialogue from various perspectives such as management strategies of them, efforts toward improvement of capital efficiency, and ESG related issues.
Based on the status of response by the investee companies and the importance of the problem, we will fulfill fiduciary responsibilities appropriately by proper means, such as strengthening our efforts to solve problems through dialogue with the companies, properly exercising voting rights, and executing trading of the issues in the market.
In this process, collective engagement, which cooperates with other institutional investors in some circumstances, is one option.
In talking with investee companies, we inform at the beginning of the meetings that we do not intend to acquire unpublished important information, and pay sufficient attention so as not to damage the fairness of the market.
However, in the unlikely event that we have acquired undisclosed important information, we request companies to disclose them promptly and make appropriate information management based on our internal rules.