Japan[Corporate Information]

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Together with Shareholders and Investors

Clarion believes it is important for us to disclose management information, such as the state of our business activities and the details of our financial position, and communicate our management philosophy and policy to all of our shareholders and investors accurately and in a timely manner. We will continue our information disclosure efforts through our home page and the Shareholders Bulletin booklet (only Japanese version available).

Increasing Value to Shareholders

As part of our medium-term management plan, we are aiming for “global growth as a Solution Provider for In-Vehicle Information Systems.” With the major changes in our market environment, Clarion is working to improve shareholder value by reforming the business, concentrating on further acceleration of business portfolio transformation and value chain reform, securing cutting edge technology, strengthening connections within the Hitachi group and constructing quick global management.

As stated in the “Corporate Governance Code” formulated in 2015, we must actively engage in dialog with and provide relevant information to all our shareholders and investors in order to ensure sustained growth of the enterprise and increase our value to shareholders in the medium to long term. We have a disclosure policy to ensure that we share our corporate vision and business strategy with shareholders and investors in an appropriate and timely fashion. It also states clearly our sincere and honest approach to the issue from the viewpoints of our shareholders and investors, to make prompt, accurate and fair disclosures, in compliance with all laws, regulations and stock exchange rules.

The disclosure policy also specifies measures such as active discussion by the disclosure committee in preparation of equitable, timely and appropriate disclosures.

Shares and Shareholders (As of March 31, 2017)
Number of Authorized Shares: 450,000,000
Number of Issued Shares: 282,744,185
Number of Shareholders: 12,115
Types of Shareholders (As of March 31, 2017)
Major Shareholders (Top 10) (As of March 31, 2017)
Name of Shareholder Number of Shares (in thousands) Percentage of Shares (%)
Hitachi, Ltd. 179,815 63.80
Japan Trustee Services Bank, Ltd. 11,183 3.97
The Master Trust Bank of Japan, Ltd. 5,967 2.12
Chase Manhattan Bank GTS Clients Account Escrow 3,024 1.07
Japan Trustee Services Bank, Ltd. (Trust Account 5) 1,938 0.69
Goldman Sachs International 1,581 0.56
Japan Trustee Services Bank, Ltd. (Trust Account 1) 1,559 0.55
1. In addition to the above, the Company holds treasury stock of 898,985 shares.
2. Percentage of shares is calculated after deduction of the treasury stock.

Clarion recognizes shareholders meetings as opportunities for constructive discussion. To assure sufficient time for thorough consideration, meeting notification is sent at least three weeks prior to the meeting, and displayed on our website the day before it is sent.

We use internet voting to enable shareholders to properly exercise their right to vote, and make meeting notifications as thorough, clear and easy to understand as possible.

We also provide English language notification for overseas shareholders and investors.

  • financial_01 Notice of Shareholders Meeting
  • financial_02 Results Briefing
  1. Home
  2. About Clarion
  3. CSR Report
  4. Together with Shareholders and Investors

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