{"id":16481,"date":"2022-04-13T13:01:29","date_gmt":"2022-04-13T04:01:29","guid":{"rendered":"https:\/\/www.capcom.co.jp\/ir\/?page_id=16481"},"modified":"2026-02-16T12:57:13","modified_gmt":"2026-02-16T03:57:13","slug":"mg_asc","status":"publish","type":"page","link":"https:\/\/www.capcom.co.jp\/ir\/english\/data\/oar\/2021\/mg_asc.html","title":{"rendered":"Message from an External Director"},"content":{"rendered":"\n<div class=\"oarBnWrapper\">\n<div class=\"oarBnBody oar2021\">\n<div class=\"fixedHeader\">\n\n    <section class=\"fixedTop\">\n\n        <div class=\"container\">\n            <h1><a href=\"\/ir\/english\/data\/oar\/2021.html\"><img loading=\"lazy\" decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2021\/img_title01.svg\"\n                        alt=\"Online Integrated Report 2021\" width=\"397\" height=\"30\"><\/a><\/h1>\n\n            <div class=\"ticker\">\n                <img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2021\/img_title01-1.svg\" alt=\"EXPANDING VALUE\" height=\"34\">\n            <\/div>\n            <!--\/\/ticker-->\n\n        <\/div>\n        <!--\/\/container-->\n    <\/section>\n    <!--\/\/section-->\n\n\n    <section class=\"globalnav\">\n\n        <ul>\n            <li><a href=\"\/ir\/english\/data\/pdf\/annual\/2021\/annual_2021_02.pdf\" target=\"_blank\">Value Creation Story<br>(PDF)<\/a><\/li>\n\n            <li><span class=\"openPopup\">CEO<br>Commitment<\/span>\n                <div class=\"navPopup\">\n                    <div class=\"container\">\n                        <nav>\n                            <div class=\"unit\">\n                                <ul>\n                                    <li class=\"txtB txt18\"><a href=\"\/ir\/english\/data\/oar\/2021\/ceo.html\">CEO Commitment TOP<\/a><\/li>\n                                <\/ul>\n                            <\/div>\n                        <\/nav>\n\n\n                        <nav>\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/ceo.html#sec01\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->1. Corporate philosophy and culture<\/a>\n                                    <\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n\n\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/ceo.html#sec02\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->2. Business model<\/a>\n                                    <\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n\n\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/ceo.html#sec03\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->3. Achieving our medium-term management goals<\/a><\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n                        <\/nav>\n\n                        <nav>\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/ceo.html#sec04\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->4. Management strategy<\/a><\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/ceo.html#sec05\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->5. ESG<\/a><\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n                        <\/nav>\n\n                    <\/div>\n                    <!--\/\/container-->\n                <\/div>\n                <!--\/\/navPopup-->\n            <\/li>\n\n\n\n            <li><span class=\"openPopup\">Growth<br>Strategies<\/span>\n                <div class=\"navPopup\">\n                    <div class=\"container\">\n\n                        <nav>\n                            <div class=\"unit\">\n                                <ul>\n                                    <li class=\"txtB txt18\"><a href=\"\/ir\/english\/data\/oar\/2021\/coo.html\">The COO\u2019s Discussion of Growth Strategies (Top)<\/a><\/li>\n                                <\/ul>\n                            <\/div>\n                        <\/nav>\n\n\n                        <nav>\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/coo.html#strategy01\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Growth Strategies 1\uff1aDigital content<\/a>\n                                    <\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n\n\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/coo.html#strategy02\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Growth Strategies 2\uff1aEsports & Amusement<\/a>\n                                    <\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n\n\n\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/coo.html#strategy03\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Growth Strategies 3\uff1aMultiple-usage content<\/a>\n                                    <\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n                        <\/nav>\n                    <\/div>\n                    <!--\/\/container-->\n                <\/div>\n                <!--\/\/navPopup-->\n            <\/li>\n\n\n            <li><a href=\"\/ir\/english\/data\/oar\/2021\/cfo.html\">Financial Strategy<\/a><\/li>\n\n\n\n            <li><span class=\"openPopup\">Latest<br>Creative Report<\/span>\n                <div class=\"navPopup\">\n                    <div class=\"container\">\n                        <nav>\n                            <div class=\"unit\">\n                                <ul>\n                                    <li class=\"ntitle\"><a href=\"javascript:void(0)\">Latest Creative Report<\/a><\/li>\n                                <\/ul>\n                            <\/div>\n                        <\/nav>\n\n                        <nav>\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/devtop.html\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->The Head of Development Discusses Strategy<\/a>\n                                    <\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n\n\n                            <div class=\"unit\">\n                                <ul>\n                                    <li><a href=\"\/ir\/english\/data\/oar\/2021\/rise.html\">\n                                            <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br--><em>Monster Hunter Rise<\/em><\/a>\n                                    <\/li>\n                                <\/ul>\n                            <\/div>\n                            <!--\/\/unit-->\n\n                        <\/nav>\n                    <\/div>\n                    <!--\/\/container-->\n                <\/div>\n                <!--\/\/navPopup-->\n            <\/li>\n\n\n            <li><a href=\"\/ir\/english\/data\/oar\/2021\/mg_asc.html\">External Directors'<br>Messages<\/a><\/li>\n\n        <\/ul>\n\n    <\/section>\n    <!--\/\/section-->\n\n<\/div>\n<!--\/\/fixedHeader-->\n\n<div id=\"hideGnav\"><\/div>\n\n        <main id=\"rs_read\" class=\"mgasc oarMain\">\n\t\t\t<div class=\"message_past\">\r\n\t<p class=\"ms\"><a href=\"\/ir\/english\/data\/oar\/2025.html\">Latest version is available on the \"Online Integrated Report 2025\" top page.<\/a><\/p>\r\n<\/div>\n            <div class=\"fullbox extitle\">\n                <div class=\"container\">\n                    <h2>Message from an External Director<\/h2>\n                <\/div>\n                <!--\/\/container-->\n            <\/div>\n            <!--\/\/fullbox extitle-->\n            <div class=\"mgasc_header\" style=\"background: url(\/ir\/assets\/images\/data\/oar\/2021\/management\/img_mgasc_001.png); background-position: bottom center; background-repeat: no-repeat;\">\n                <div class=\"visual\">\n                    <div class=\"textbox00\">\n                        <h3>Pursuing governance that takes sustainable growth into account, including ensuring effectiveness of the Board of Directors and the diversity of key human resources.<\/h3>\n                        <div class=\"nameBox mT25\">\n                            <p class=\"name mT10\">Yoshihiko Iwasaki<\/p>\n\t\t\t\t\t\t   \n\t\t\t\t\t\t   <p class=\"pos\">External Director (Independent Director)<br>\n                                \uff1cFull-time member of the Audit and Supervisory Committee\uff1e<\/p>\n                        <\/div>\n                        <!--\/\/nameBox-->\n                    <\/div>\n                    <!--\/\/visual-->\n                <\/div>\n                <!--\/\/textbox00-->\n            <\/div>\n            <!---\/\/extd01_header-->\n\n            <div class=\"fullbox border-fullbox\">\n                <div class=\"container\">\n                    <dl>\n                        <dt>How do you evaluate the Company\u2019s management structure as a member of the Audit and Supervisory Committee?<\/dt>\n                        <dd>I was appointed external director in 2012. The first thing I noticed was the corporate culture of diligently addressing issues while stressing the basics. One of the characteristics of the game industry is that changes\u2014both in technology and user preferences \u2014are sudden. Under such circumstances, the Company has maintained a focus on providing users with entertainment of first-rate quality while promoting global and digital strategies to achieve steady growth. I believe that the prescient, timely, and accurate judgment of management and this well-developed corporate culture have both contributed significantly.\n                        <\/dd>\n                    <\/dl>\n                    <dl>\n                        <dt>How do you evaluate the Company\u2019s audit structure?<\/dt>\n                        <dd>The Company made the transition into a company with an audit and supervisory committee in 2016. At the same time, in addition to the staff that had previously supported the corporate auditors, the Internal Audit Division was brought under the direct control of the Audit and Supervisory Committee. This facilitated collaboration, making it possible to implement efficient and effective organizational audits, including timely and accurate understanding of the internal situation from each perspective and internal dissemination of the necessary information. The Audit and Supervisory Committee itself has a balanced composition. The three members have different specialties and come from inside and outside the Company.\n                        <\/dd>\n                    <\/dl>\n                    <dl>\n                        <dt>What do you see as necessary for further enhancing the function of the Board of Directors in the future?<\/dt>\n                        <dd>I think stakeholders from all quarters would agree that the growth of the Company has been driven by the strong leadership of the founder. At the same time, this demonstrates that the Board of Directors has sufficiently carried out its responsibilities.<br>On the other hand, the Corporate Governance Code was revised this past June seeking that companies provide more aggressive governance while taking sustainable growth into account. This requires further action from the Board of Directors and securing diversity for its key human resources. The Company has carried out efforts in line with the thinking of the Corporate Governance Code, including establishment of a Nomination and Remuneration Committee. However, I believe further improvement is necessary when it comes to the issue of diversity among core members of the management team.<br>Sustainable growth is of great concern to all stakeholders, including investors and employees. I hope to personally contribute as much as possible to strengthening the role of the Board of Directors to steadily achieve this as we move into the future.\n                        <\/dd>\n                    <\/dl>\n                <\/div>\n                <!--\/\/container-->\n            <\/div>\n            <!--\/\/fullbox-->\n\n\n<a name=\"mmatuo\" class=\"anchorTarget\"><\/a>\n            <div class=\"mgasc_header\" style=\"background: url(\/ir\/assets\/images\/data\/oar\/2021\/management\/img_mgasc_002.png); background-position: bottom center; background-repeat: no-repeat;\">\n                <div class=\"visual\">\n                    <div class=\"textbox00\">\n                        <h3>Capcom will quickly ascertain management risks and make ongoing improvements to a governance structure that features a balance of offensive and defensive approaches.<\/h3>\n                        <div class=\"nameBox mT25\">\n                             <p class=\"name mT10\">Makoto Matsuo<\/p>\n\t\t\t\t\t\t\t<p class=\"pos\">External Director (Independent Director)<br>\n                                \uff1cMember of the Audit and Supervisory Committee\uff1e<\/p>\n                           \n                        <\/div>\n                        <!--\/\/nameBox-->\n                    <\/div>\n                    <!--\/\/visual-->\n                <\/div>\n                <!--\/\/textbox00-->\n            <\/div>\n            <!---\/\/extd01_header-->\n\n            <div class=\"fullbox\">\n                <div class=\"container\">\n                    <dl>\n                        <dt>What future initiatives will the Audit and Supervisory Committee implement to enhance the functions of the Board of Directors?<\/dt>\n                        <dd>\n                            Since Capcom transitioned to a company with an Audit and Supervisory Committee in 2016, the Audit and Supervisory Committee has been providing support for the risk management function of the Board of Directors and building a structure for systematic audits in collaboration with the Internal Audit Division and other internal organizations.<br>\n                            Capcom continues to innovate as a true leader in the global content industry, which is undergoing rapid and advanced digitalization. As such, it must adequately communicate its activities to shareholders and other stakeholders. It also must continue to make ongoing improvements to a governance structure that features a balance of offensive and defensive approaches to properly address the risks that arise in its continued pursuit of new challenges. As Chairman of the Audit and Supervisory Committee, I will work to ensure that the committee can fulfill its expected role, contributing to enhancement of corporate governance from the standpoint of cross-organizational compliance and appropriateness. This will be accomplished by providing timely and appropriate suggestions and advice to the Board of Directors to quickly ascertain and address the management risks faced by the Company based on a recognition of these circumstances.\n                        <\/dd>\n                    <\/dl>\n                    <dl>\n                        <dt>What kind of a role will you play as an external director in light of the circumstances surrounding the Company?<\/dt>\n                        <dd>Since becoming an external director in 2007, it has not been easy to judge the ever-progressing game industry or the measures that the Company should take under those circumstances. I think it is very rare to have an industry that requires\u2014to this extent \u2014such a quick and flexible response to change in order not to be left behind.\n                            <br>Owing to the strong leadership and unifying work of the founder, the Company has been able to anticipate long-term developments and make quick and bold decisions. At the same time, the support that has been provided by external directors with different specialist knowledge in relation to risk management has enabled the Company to establish a unique management structure and corporate governance system corresponding to its circumstances. Together with the Audit and Supervisory Committee, the Audit Committee, which conducts operational audits that are closer to the work site, forms a hands-on system unique to the Company.\n                            <br>I believe my role is to leverage my knowledge as an attorney and as an external officer of other companies to identify management risks and issues related to company measures based on my practical experience in the industry and management of the Company during my tenure, while listening to the thoughts of management, and providing my opinions and suggestions. In addition, by keeping watch to ensure that future leadership succession, which seems to be making steady progress, leads to the development of a corporate system more consistent with the next generation, I will offer support to facilitate discussion on both ensuring sustainable growth of the main businesses while accelerating growth by expanding the Company\u2019s intellectual capital into adjacent markets such as visual media and AI in the future.\n                        <\/dd>\n                    <\/dl>\n                <\/div>\n                <!--\/\/container-->\n            <\/div>\n            <!--\/\/fullbox-->\n\n        <\/main>\n<!--\/\/contList-->\n\n<div class=\"contList\">\n<div class=\"contents\">\n<h3>CAPCOM INTEGRATED REPORT 2021<\/h3>\n<h4 class=\"mT30 comppdf\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2021\/annual_2021_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_01.pdf']);\" rel=\"noopener\">\nPDF (Complete version) <span class=\"pdfmt\">\uff08PDF\uff1a12.5MB\/ 103 page\uff09<\/span><\/a><\/h4>\n<div class=\"sepbox\">\n<h4 class=\"mT15 separate\">PDF (by section) <\/h4>\n<div class=\"contBox mT15\">\n<div class=\"col heightLine-1\">\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2021\/annual_2021_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_02.pdf']);\" rel=\"noopener\">Value Creation Story<br> <span>(PDF: 6.2MB \/ 24 page)<\/span><\/a><\/h4>\n<ul class=\"mT10\">\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_01.pdf']);\" rel=\"noopener\">Create Financial and Non-Financial Value<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_02.pdf']);\" rel=\"noopener\">Corporate Philosophy<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_03.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_03.pdf']);\" rel=\"noopener\">History of Value Creation<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_04.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_04.pdf']);\" rel=\"noopener\">Major Intellectual Properties (IP)<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_05.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_05.pdf']);\" rel=\"noopener\">Effectively Leveraging IP<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_06.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_06.pdf']);\" rel=\"noopener\">World Leading Development Capabilities \/ Digital Strategy\nPerformance<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_07.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_07.pdf']);\" rel=\"noopener\">ESG Highlights<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_08.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_08.pdf']);\" rel=\"noopener\">Value Creation Model<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_09.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_09.pdf']);\" rel=\"noopener\">Financial Highlights<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_10.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_10.pdf']);\" rel=\"noopener\">Business Segments Highlights<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_value_11.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_value_11.pdf']);\" rel=\"noopener\">Medium- to Long-Term Vision<\/a><\/li>\n<\/ul>\n<\/div>\n<!--\/\/col-->\n\n<div class=\"col heightLine-1\">\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_09.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_09.pdf']);\" rel=\"noopener\">Medium- to Long-Term Growth Strategy<br> <span>(PDF:\n924KB \/ 22 page)<\/span><\/a><\/h4>\n<ul class=\"mT10\">\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_ceo.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_ceo.pdf']);\" rel=\"noopener\">CEO Commitment<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_coo.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_coo.pdf']);\" rel=\"noopener\">The COO\u2019s Discussion of Growth Strategies<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_cfo.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_cfo.pdf']);\" rel=\"noopener\">Financial Strategy According to the CFO<\/a><\/li>\n<\/ul>\n<\/div>\n<!--\/\/col-->\n\n<div class=\"col heightLine-1\">\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_10.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_10.pdf']);\" rel=\"noopener\">Latest Creative Report <br> <span>(PDF: 5.7MB \/ 8 page)<\/span><\/a><\/h4>\n<ul class=\"mT10\">\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_devtop.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_devtop.pdf']);\" rel=\"noopener\">The Head of Development Discusses\nDevelopment Strategy<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_rise.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_rise.pdf']);\" rel=\"noopener\">Monster Hunter Rise<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_teach.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_teach.pdf']);\" rel=\"noopener\">Training Human Resources and Environmental Improvements<\/a><\/li>\n<\/ul>\n<\/div>\n<!--\/\/col-->\n\n<div class=\"col heightLine-2\">\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_11.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_11.pdf']);\" rel=\"noopener\">Foundation for Sustainable Growth (ESG)\n<br> <span>(PDF: 0.96MB \/ 21 page)<\/span><\/a><\/h4>\n<ul class=\"mT10\">\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_esg_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_esg_01.pdf']);\" rel=\"noopener\">ESG Information<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_esg_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_esg_02.pdf']);\" rel=\"noopener\">Capcom and the Environment<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_esg_03.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_esg_03.pdf']);\" rel=\"noopener\">Society and Capcom<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_gov_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_gov_01.pdf']);\" rel=\"noopener\">Corporate Governance<\/a>\n<\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_gov_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_gov_02.pdf']);\" rel=\"noopener\">Directors<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_gov_03.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_gov_03.pdf']);\" rel=\"noopener\">Corporate Governance Structure and Initiatives<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_gov_04.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_gov_04.pdf']);\" rel=\"noopener\">Message from an External Director<\/a><\/li>\n<\/ul>\n<\/div>\n<!--\/\/col-->\n\n<div class=\"col heightLine-2\">\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_12.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_12.pdf']);\" rel=\"noopener\">Financial Analysis and Corporate Data <br> <span>(PDF: 0.26MB \/ 11 page)<\/span><\/a><\/h4>\n<ul class=\"mT10\">\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_finance_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_finance_01.pdf']);\" rel=\"noopener\">An Analysis of the Market and Capcom<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_finance_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_finance_02.pdf']);\" rel=\"noopener\">Year Summary of Consolidated Financial Indicators<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_finance_03.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_finance_03.pdf']);\" rel=\"noopener\">Segment Information \/ Stock Data<\/a><\/li>\n<li><a href=\"\/ir\/english\/assets\/pdf\/oar\/2021\/annual_2021_finance_04.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2021_finance_04.pdf']);\" rel=\"noopener\">Corporate Data<\/a><\/li>\n<\/ul>\n<\/div><!--\/\/col-->\n<\/div><!--\/\/sepbox-->\n\n<\/div><!--\/\/contBox-->\n<\/div><!--\/\/contents-->\n<\/div><!--\/\/contList-->\n    <div class=\"f_bknumber\">\r\n        <div class=\"box clearfix\">\r\n            <p>Online Integrated Report Archives<\/p>\r\n            <ul class=\"mT10\">\r\n\t\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2025.html\" target=\"_blank\">2025<\/a><\/li>\r\n\t\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2024.html\" target=\"_blank\">2024<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2023.html\" target=\"_blank\">2023<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2022.html\" target=\"_blank\">2022<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2021.html\" target=\"_blank\">2021<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2020.html\" target=\"_blank\">2020<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2019.html\" target=\"_blank\">2019<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2018.html\" target=\"_blank\">2018<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2017.html\" target=\"_blank\">2017<\/a><\/li>\r\n            <\/ul>\r\n        <\/div>\r\n        <!--\/\/box-->\r\n    <\/div>\n\n    <\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Message from an External Director Pursuing governance that takes sustainable growth into account, including en [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":15859,"parent":16314,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template\/other_onecol.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-16481","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"lang":"english","translations":{"english":16481,"ja":15858},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/16481"}],"collection":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/comments?post=16481"}],"version-history":[{"count":5,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/16481\/revisions"}],"predecessor-version":[{"id":52699,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/16481\/revisions\/52699"}],"up":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/16314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/media\/15859"}],"wp:attachment":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/media?parent=16481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}