At the SMM Group, the following entities were identified as stakeholders that we affect, or are affected by us: customers, shareholders, employees, local communities, creditors, business partners, civil society organizations, and government agencies.
A specific target has been established as the SMM Group’s proper objective for each stakeholder and we are advancing various initiatives in order to realize these targets.
The SMM Group’s Stakeholders and Proper Objectives Regarding Each Stakeholder
|To Customers||Be a company that accurately understands customer needs and has comprehensive competitiveness with an edge over other firms with respect to technology, quality, delivery and costs.|
|To Shareholders||Be an excellent entity in which to invest: one that pursues maximum corporate value through efficient management and sound governance, disburses dividends matching its business performance, and discloses information as appropriate.|
|To Employees||Be a company that provides a favorable work environment, clearly defines the roles of all individuals within the organization, and makes employees proud to work for it.|
|To Local Communities||Be a company that coexists well with its local communities and that makes positive contributions to those regions’ development|
|To Creditors||Be a company that has earning capacity, outstanding financial strength, and trustworthiness.|
|To Business Partners||Be a company that possesses outstanding technological strength, places importance on integrity and trust, and is capable of co-prosperity.|
|To Civil Society Organizations||Be a company that is keenly alert to its social responsibilities and undertakes appropriate communication.|
|To Government Agencies||Be a company that implements compliance fully and makes positive contributions for the benefit of the countries and local communities where it is undertaking its projects.|
Communication with Customers
One of the SMM Group’s greatest strengths is our relationships of trust with our customers. As nearly all of the products handled by the SMM Group are various kinds of fundamental raw materials that have a significant
effect on the performance and quality of the products manufactured by our customers, so it is crucial we maintain appropriate communication in a timely manner from the time of taking an order, through to manufacture, delivery, and
follow-up after the customer has received the product. We are responding to changes in the market environment, including globalization, while also taking a long-term perspective to sincerely meet our customers’ needs. In regard to new
product development, we maintain close communication, not only between market-leading customers and our business divisions, but also between different organizations and employee ranks, in order to build relationships of trust.
On the other hand, there’s recently been a demand for us to engage in sustainability initiatives throughout our entire supply chain such as giving consideration to human rights and the environment and to ensuring transparency.
Communication with Shareholders and Investors
The SMM Group strives to provide our shareholders and investors with the information we think they need in a timely, appropriate, fair, and easy-to-understand manner.
On our website, we share our latest announcements, man-agement policies and strategy, business descriptions, busi-ness results, financial information, and other information. In March 2021, we carried out a complete renewal of the web-site to further enhance the information provided, adding content such as pages on sustainability and for individual investors. We also deliver reports to shareholder twice a year and report on financial results and the progress of business strategies.
We have also formulated an IR Policy to ensure IR activities are implemented appropriately, which is publicly available on our website. Twice a year, after the announcements of our financial results, the president and general managers of busi-ness divisions give Business Strategy Progress Briefing Ses-sions for institutional investors and securities analysts. In December 2020, we held an IR Day which included business briefings for institutional investors. We are also actively work-ing to share IR information with individual investors through efforts such as holding briefings several times a year. We are even actively working to provide information and enhance dialogue during the COVID-19 pandemic and in FY2020, we held all the briefings described above online and also released information such as videos and meeting records through our website.
We will continue working to win the trust and meet the expectations of all shareholders and investors.
Communication with Local Communities and NGOs
When the SMM Group starts and continues businesses in specific areas, we think a major prerequisite to the continuation of said business is co-existence with the local community through the building of relationships of trust. A contributing factor to this is mutual understanding achieved through communication and contributions that benefit the local community. We work to raise the direct contribution we make to the local economy through measures such as recruiting from areas surrounding our business site and procuring from local suppliers, and we also contribute to improving the lifestyles of these communities, particularly in emerging nations, by providing infrastructure such as roads and ports, and building and operating public facilities such as schools, hospitals, and marketplaces. When implementing these measures, we establish opportunities for regular communication with local communities and move forward while also checking the requirements of local citizens. Additionally, twice a year we hold exchanges of opinion with the international environmental NGO Friends of the Earth Japan (FoE Japan) regarding their findings on topics such as the water quality of rivers around Coral Bay Nickel Corporation and Taganito HPAL Nickel Corporation plants in the Philippines, and we implement necessary improvement measures that reference the group’s opinions and recommendations.
Initiatives to Take on Issues and Provide Improvements
The SMM Group will continue striving to share information in a fair manner with all stakeholders through transparent, timely and appropriate information disclosure carried out by releasing various reports, holding briefings, and issuing press releases. Meanwhile, in line with our goal of becoming the world leader in the non-ferrous metals industry, in March 2020 we showed our intention to achieving this with a revised company logotype, and newly developed tagline and logo. We will work to widely spread understanding and gain acceptance of this move within SMM Group and beyond. Also, in regard to our involvement in the international community, as a member of the International Council on Mining and Metals (ICMM), we comply with the ICMM 10 Principles and we also agree with the purpose of the Extractive Industries Transparency Initiative (EITI), which aims to encourage the development of countries from which mineral resources are extracted, and we support its activities. (See details of ESG Data Book 2021 on p. 22.)