In October 2013, Nidec was selected as an excellent company in the “Disclosure to Retail Investers” category of the “2013 Awards for Excellence in Corporate Disclosure” sponsored by The Securitirs Analyst Association of Japan Disclosure Study Group (SAAJ).
To achieve the goal of promoting the quality and fairness of corporate disclosure from the viewpoint of securities analysts, the SAAJ has implemented a corporate disclosure evaluation and award system since 1995. All ratings criteria attach greater importance to voluntary and positive disclosure rather than mandatory disclosure.
Evaluation of disclosure to individual investors was subsequently introduced in 2005, and Nidec became one of the three 2013 award recipients selected from among the 228 companies in 13 industries and emerging markets. In this appraisal category, Nidec earned particularly high ratings on its website and business reports that reflect many reader-friendly approaches, including a clear and comprehensible representation of the company’s historical performance, targets and strategies, effectively illustrated with graphs and charts. Including this year, Nidec has received this commendation 7 times in the 9 year history of the award.
In the rankings by industry sector, Nidec came in second in the “Electronics/Precision Equipment” category in recognition of its active involvement of top management in investor relations activities and consistent information disclosure via the company website.
SAAJ website is here.