Dialogue Policy with Shareholders and Investors

Aiming to create corporate value through constructive dialogue with shareholders and investors, the Group has established the following dialogue policy in its Basic Corporate Governance Policy.
 

Chapter 6: Dialogue with Shareholders
(Policy on constructive dialogue with shareholders)
Article 21 The Company shall endeavor to develop a system in accordance with the following basic policy to promote constructive dialogue with shareholders.
 

  1. The Company's CFO will oversee all activities for dialogue with shareholders, and the Company will secure personnel in charge of investor relations to plan and implement these activities in general.
  2. The Company shall provide accurate and unbiased information to shareholders through the cooperation of IR staff in cooperation with relevant departments during dialogues with shareholders, such as financial results announcements and investor meetings.
  3. The Company will take necessary measures to promote the exercise of rights by domestic and foreign shareholders by enhancing the means of constructive dialogue with shareholders based on the status of shareholdings and the opinions of shareholders, and by providing notices of convocation of general meetings of shareholders and information related to shareholders and investors with English translations.
  4. The Company shall regularly organize, analyze and report to the Board of Directors the opinions received in dialogue with shareholders.
  5. In accordance with the "Insider Information Management Regulations" established by a resolution of the Board of Directors, the Company shall thoroughly manage undisclosed material facts and engage in dialogue with shareholders without using undisclosed material facts.
     

Based on this policy, a director in charge of investor relations is assigned under the Group CFO, and personnel from all relevant divisions work together and cooperate to engage in constructive dialogue, and regularly report on the dialogue policy and the opinions of shareholders and investors at Board of Directors meetings.

Main IR Activities

Investor Meeting

Twice a year (briefing by Group CEO, Group CFO and Group CSO)

Meetings with shareholders and investors

137 times (fiscal year ending June 30, 2025)

Report to the Board of Directors

12 times (fiscal year ending June 30, 2025)

Dialogue with individual investors

For individual investors, we have a "For Individual Shareholders and Investors" page on our website that provides easy-to-understand explanations of our business activities and performance. After the general meeting of shareholders, we also explain our business and performance in the shareholder newsletter that is enclosed with the notice of resolution of the general meeting of shareholders.

Feedback from the Shareholder Communications Survey

About the Company's Strategy

Please ride the wave of DX successfully. I’m cheering you on.

It may be a tough phase, but please keep pushing forward!

You are growing steadily, so I hope you will continue on this path.

I’m glad to see the stock price level rising with each fiscal year. EPS is growing steadily, and I look forward to the future. I will hold the shares long-term (permanently).

I hope Avant’s strengths will become widely recognized. I will continue to support you.

Since I bought your shares last year, the stock price has been stagnant, so I would like to ask for some measures to raise the share price.

The total return is very impressive, and I feel it is aligned with the company’s growth.

The product development speed is slow. For large listed companies, the switching cost of consolidated accounting systems is high, so please work on upgrades and enhance recurring revenue.

I will continue to support Avant’s growth and Mr. Morikawa’s success.

I look forward to a rise in the stock price driven by enhanced corporate value.

About IR

It is nice to be able to watch the shareholder meetings online.

I would appreciate it if you could post the frequently asked questions from institutional investors along with the answers on your website once things have settled down after the earnings announcement.

I would like the opportunity to hear directly from the management.

The various materials available on the website are already more than sufficient. Please continue this approach.

Since you are a digital company, I hope you will hold broad online briefing sessions.

The creation of this year’s Integrated Report was excellent, but its visibility remains low. I would like you to raise awareness by participating more actively in the media and IR events.