Shareholders and investors have made the practical and effective functioning of internal control into a key issue amidst an epidemic of corporate misconduct in Japan and overseas. In this section, Capcom will explain the corporate governance structure and systems that it has initiated so far based on the key concepts of "effectiveness and visibility" in terms of the results of third party assessment.
(Assessment areas are highlighted in yellow.)
Corporate Governance Report (PDF: 528KB/62pages) ( June 12, 2017 )
Capcom's basic policy for Japan's Corporate Governance Code (PDF: 360KB/46 pages) ( June 12, 2017 )
- Structure and
- External Directors
- Information on Shareholdings
- Internal Control
- Information Security
Promoting More "Visible" Governance
An analysis of an assessment performed by a third-party organization into the validity and effectiveness of Capcom's corporate governance shows that the company ranked 35th among 3,460 listed companies in Japan in the "NEEDS-Cges" assessment developed by Nikkei Digital Media, Inc.
"NEEDS-Cges" has an established reputation as a system that quantitatively assesses corporate governance using scores on a scale of 1 to 10 for eight categories, including "capital efficiency," "information disclosure," and "shareholder and capital composition," among others, assigned based on some 130 indicators calculated from data of publicly released company documents, such as financial reports.
Capcom's total score was 8.75 points, placing us in the top 1.1% of Japan's listed companies. Our score also exceeded the average for all listed companies and for the industry, at 5.45 points and 7.77 points, respectively. We continued to receive the full 10 points for "shareholder and capital composition" and "information disclosure" important for corporate governance.
The main reasons for each of these perfect scores are given in the chart provided below, but in particular, areas highlighted in yellow indicate measures that received particular notice.
Going forward, we continue making improvements based on consideration of external data to earn an even stronger assessment, and further promote the external visibility of our governance by posting this and other data on our corporate website.
Third-Party Assessment Results of Capcom's Corporate Governance
Comparison of the Industry Average and the Average for All Listed Companies
Details of Capcom's
Corporate Governance Assessment
|Fiscal 2016 Ratings|
|Equity market's assessment||9||9|
|Shareholder and capital composition||10||10|
|Board of Directors (organization)||9||9|
|Board of Directors (actions)||9||9|
35/3,460 Top 1.1%
Details of Categories
|Categories||Score||Areas that Received Particular Notice|
|Equity market's assessment||9||・Tobin's Q-related values
|10||・Ratio of institutional investor shareholdings
・Ratio of foreign investor shareholdings
|Board of Directors (organization)||9||・Board of Director members
・Managing Corporate Officers
・External Director ratio
・Adoption of the Corporate Officer System
|Board of directors (actions)||9||・Amount of director treasury stock holdings
・Amount of president's treasury stock holding
|Shareholder returns||9||・Shareholder return ratio|
|Information disclosure||10||・Changes in accounting policy
・Date of general shareholders' meeting
* Source: NEEDS-Cges from Nikkei Digital Media Inc.