Shareholder and Investor Engagement

Basic Policy on Shareholder and Investor Engagement

1. We are committed to ensuring fair disclosure of information and maintaining continuous engagement with shareholders and investors worldwide, thereby fostering trust-based relationships with them and eliminating information asymmetry.
2. We strive to understand our shareholder structure to ensure constructive engagement with shareholders and investors, while taking the utmost care to prevent the leakage of insider information during these engagements.
3. At our company, shareholder and investor engagement is led by the Representative Executive Officers & Co-Presidents, as well as the General Manager of Investor Relations. Additionally, Independent Directors also participate in engagement sessions.
4. At our company, we provide feedback and opinions, as well as points of concern and suggestions raised by shareholders and investors through engagement, to the Board of Directors, as appropriate, and incorporate them into corporate management. Additionally, we leverage input from Directors, including Independent Directors, to enhance our engagement with shareholders and investors.

Our Structure for Engagement with Shareholders and Investors

At our company, we engage in investor relations activities, shareholder relations activities, statutory disclosures, timely disclosures, and important voluntary disclosures through close collaboration between the management team, led by the Representative Executive Officers and Co-Presidents, and the General Managers of relevant departments listed below.

• Investor Relations
• Public Relations
• Finance & Accounting
• Corporate Governance
• Other relevant departments

Shareholder and Investor Engagement

Through fair and timely disclosure and ongoing dialogue with shareholders and investors in Japan and overseas, we aim to deepen understanding of our commitment to maximizing EPS and strengthen confidence in the Company. We also seek to reduce information asymmetry between the Company and the market and lower our cost of capital. Through these efforts, we aim to maximize PER and ultimately achieve Maximization of Shareholder Value (MSV). To foster constructive engagement with shareholders and investors, we also strive to understand our shareholder structure while taking the utmost care to prevent the leakage of insider information.

In FY2025, we further strengthened communication with shareholders and investors to deepen understanding of our unique value creation story, which centers on “Sustainable EPS Compounding” through both organic and inorganic growth under our Asset Assembler model. During the year, we held IR meetings with 823 firms, up 2.1% year on year. As part of our IR activities, we held a briefing session in April on updates to the Medium-Term Strategy, originally announced in April 2024, with Co-President Wakatsuki as presenter. In July, we hosted a briefing on Integrated Report 2025, which was published at the end of June. In October, we held Investor Tour 2025 at the Tokyo Innovation Center, the Group’s core R&D hub in Japan, which was completed in March and began full-scale operations in July. In November, we held IR DAY 2025, our second such event, featuring presentations on three themes: AOC’s competitive advantages and business strategy, the business strategy of the NIPSEA Group (including NIPSEA China and the Türkiye Group), and our M&A strategy.

Additionally, we have continued to focus on the proactive disclosure of information through numerous measures, including the reinforcement and enhancement of our Integrated Report and IR website.

IR events held (times)

Number of IR meetings held (firms)