Corporate Obligations and ResponsibilitiesInformation Disclosure and Communication

Yahoo Japan Corporation (“Yahoo! JAPAN”) strives to live up to the expectations of our valued shareholders and investors by enhancing shareholder value, and to build faithful relationships through fair and active information disclosure.

Information Disclosure and Communication

Yahoo! JAPAN actively discloses information necessary for the investment judgement of our shareholders and investors, both in Japan and overseas, to further their understanding of our corporate situation. Our chief financial officer (CFO) has been appointed to be in charge of providing timely, accurate, and fair information disclosure in accordance with rules prescribed by the Financial Instruments and Exchange Act and the Tokyo Stock Exchange, Inc. Furthermore, we voluntarily disclose information not mandated by Timely Disclosure Rules in a quick and thorough manner. For disclosure, we have established dedicated departments to oversee and promote smooth dialogues with our stakeholders. In addition, a feedback system is in place to incorporate our stakeholder views in our business management.

General Meeting of the Shareholders

Yahoo! JAPAN holds its annual general meeting of the shareholders on a day when other major companies are not holding meetings in order to ensure the highest level of shareholder attendance. In addition, we promptly post notices of our annual general meeting of the shareholders on our website in both English and Japanese before mailing out notices to all shareholders. The 2017 general meeting of the shareholders saw attendance from 1,387 shareholders. Moreover, for shareholders unable to attend the meeting, we provide means to exercise their voting rights via mail or online, and provide on-demand coverage of our meeting on our website.

Individual Meetings with Analysts and Institutional Investors, Telephone Conferences, and International Roadshows

We provide detailed explanations of our financial results and business status at quarterly results briefings. To increase awareness of Yahoo! JAPAN’s current growth strategies as well as business status updates, individual meetings with analysts and fund managers both in Japan and overseas are conducted each year either in person or by telephone. Roughly 500 such meetings were held in fiscal 2017.
For overseas institutional investors, we publish English-language versions of nearly all of our disclosure materials on our website, on top of creating and distributing English-language annual reports. In addition, since 2004, we have opportunities to directly engage in dialogue on business details with overseas investors during our overseas roadshows which we conduct twice a year primarily in North America, Europe, and Asia.

Briefings on Company Information for Individual Investors

Basic information described at briefings on company information for individual investors includes that on business models, principal services, and upcoming growth strategies, as well as financial information. These meetings provide opportunities for individual investors to gain a deeper understanding of our company through dialogues. Documents used and distributed at such information briefings are available on our website.

Website Utilization

On the IR information page of our website, we post information that we believe will be of use to our investors and shareholders, including documents that are legally required to be disclosed, such as notifications on the general meeting of the shareholders and annual securities reports; materials disclosed based on stock exchange regulations, such as financial statements and IR releases; and documents presented at results briefings. We also publish graphs of financial data and provide live streaming and on-demand delivery of videos of the general meeting of the shareholders and results briefings, as part of our efforts to increase awareness of our business activities.

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Assessment as a Sustainable Enterprise

Realizing a sustainable society through business is vital in our efforts to drive a long-term growth and create significant value for shareholders. At the same time, we understand that returning our profits as dividends to shareholders is one of our responsibilities as a listed company.

FTSE4GOOD Index Series

The logo of FTSE4GoodThe logo of FTSE4Good

Since 2007, Yahoo! JAPAN has been continually selected for inclusion in the FTSE4Good Index Series—an international socially responsible investment (SRI) index. This index was designed to promote investment in companies that satisfy global standards for environmental, social, and governance (ESG). Inclusion in FTSE4Good indicates that Yahoo! JAPAN which actively pursues CSR activities, has been assessed as a sustainable company. As a problem-solving engine for society, we will continue to contribute to the creation of a sustainable society and strive to live up to the trust placed in us by all our stakeholders.

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FTSE Blossom Japan Index

The logo of FTSE Blossom JapanThe logo of FTSE Blossom Japan

Yahoo! JAPAN has satisfied the requirements for inclusion and is a constituent of the FTSE Blossom Japan Index, which is designed to measure the performance of Japanese companies that excel in ESG. This index is widely used in the creation and evaluation of sustainable investment funds and other financial products.

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MSCI* Japan Empowering Women Index (WIN)

The logo of MSCI Japan Empowering Women Index (WIN)

Yahoo! JAPAN has been included in the MSCI Japan Empowering Women Index (WIN) for companies with exceptional gender diversity. This inclusion indicates that we have been assessed as a company leading efforts to support the participation and promotion of women in the workplace through diversity policies. This index was adopted as an investment target of the Government Pension Investment Fund (GPIF).

* THE INCLUSION OF Yahoo! JAPAN IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF Yahoo! JAPAN BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.

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Dividend Policy

Year-end dividend for fiscal 2017 was JPY8.86 per share. We plan to continue paying the same amount in year-end dividend per share from fiscal 2018 onwards.
Moving forward, Yahoo! JAPAN will aim to enhance corporate value through further investment in future growth, while ensuring appropriate dividend payments for all our shareholders.

Complete Compliance with Tax Liabilities

Yahoo! JAPAN strives to solve social problems through its business and contribute to the creation of new values in the Internet industry. In addition, we believe that ensuring an appropriate return of profits gained through business activities to all our stakeholders is necessary to achieve development in Japan and in the areas in which we operate.
As tax represents a basic and vital form of social responsibility, we make sure to pay proper taxes as determined by the countries and locations in which we operate. Total income tax expense on the fiscal 2017 consolidated income statement came to JPY58,764 million.
Going forward, we will continue to appropriately fulfill tax obligations incurred throughout the course of our business dealings to the countries and locations in which we operate, and contribute to the development of society.