The major reasons for the selection of Hitachi Construction Machinery, as excerpted from the JIRA news release, are as follows.
In recent years, Hitachi Construction Machinery has become more convincing in explaining management strategies and earnings forecasts. The medium-term management plan, which was announced in April 2023 after the change in the capital relationship with Hitachi, Ltd., clearly indicates their areas of focus, and the company's ambitious stance has been highly accredited. The management has deepened its understanding of IR, which has led to increasing the rationality of business plans and the accuracy of business performance fluctuation analysis and forecasts. IR activities have been enhanced in response to the needs of investors. Other favorably-evaluated factors include provision of opportunities for dialogue with top management, explanations on the progress of business strategies, and IR events such as business briefings and factory tours.
In addition, Hitachi Construction Machinery was selected as“Greatest IR Improvement Premium Companies” of the JIRA 30th Anniversary Commemorative Award.
The Award is especially given to a JIRA member company which has continued IR activities over the medium to long term and has produced outstanding achievements in appropriate information disclosure and constructive dialogue with investors and shareholders. The Judging Committee of the Best IR Awards has selected a company based on the screening results for the past 17 years from 2007 to 2023. Among the companies screened for this award, companies that have made efforts to improve IR and have consistently been highly evaluated by the committee members during the screening period are selected as “Greatest IR Improvement Premium Companies” and Hitachi Construction Machinery was selected as one of them.
Hitachi Construction Machinery Group will continue to actively hold each business explanatory meeting and further promote dialogue with investors and other stakeholders.