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IR Top Page > Management Objectives > Corporate Governance

Corporate Governance

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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.)

PDF Corporate Governance Report  (PDF: 528KB/62pages) ( June 12, 2017 )

PDF Capcom's basic policy for Japan's Corporate Governance Code  (PDF: 360KB/46 pages) ( June 12, 2017 )

How the Company has Addressed All 73 Principles of the Corporate Governance Code

(as of September 1, 2016)

Third-Party Assessment

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

Comparison of the Industry Average and the Average for All Listed Companies

Details of Capcom's
Corporate Governance Assessment
Categories Fiscal 2015
Ratings
Fiscal 2016 Ratings  
Total Score 8.75 8.75
Capital efficiency 6 6
Equity market's assessment 9 9
Stability 7 7
Shareholder and capital composition 10 10
Board of Directors (organization) 9 9
Board of Directors (actions) 9 9
Shareholder returns 9 9
Information disclosure 10 10
Rank 39 35

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
・PBR-related values
Shareholder and
capital composition
10 ・Ratio of institutional investor shareholdings
・Ratio of foreign investor shareholdings
・Cross-shareholding ratio
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
・Corporate website

* Source: NEEDS-Cges from Nikkei Digital Media Inc.

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