Changes in the environment surrounding operating company IR

The role of third parties in investor targeting and meeting arrangements will expand in the future

Corporate access is an important service for institutional investors for securities companies, and in order to expand its opportunities, we actively support IR activities of operating companies.
【Current situation】
Support by securities companies is reduced due to the contraction of the stock secondary business.

With the expansion of the enforcement of MiFID2, investors are more likely to carefully select services from securities companies.

Business companies need to make up for the decrease in the presence of securities
companies by either method
1. Expansion of internal resources
2. Active utilization of third parties