Engagement in Dialogue with Shareholders, Investors, Etc.

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State of MGC’s engagement in dialogue with shareholders, investors, etc. (FY2024 results)

MGC engaged in dialogue with institutional investors, including shareholders, sell-side analysts, individual investors, and others, with the Investor Relations Department of the CSR & IR Division acting as the principal section in charge, as described below.

1．Main IR activities and participants

	Results	Main participants	Content
Financial results presentation	4 times	・Representative Director, President ・Executive officer in charge of IR ・General manager of Finance and Accounting Division	Held quarterly financial results presentation for analysts and institutional investors on the same day as the announcement of financial results
Individual interviews	Approximately 220 times	・Executive officer in charge of IR ・Investor Relations Department, etc.	Conducted regular interviews with institutional investors, including shareholders, as well as analysts and others
IR for overseas institutional investors	45 times	・Representative Director, President ・Executive officer in charge of IR ・Investor Relations Department	Held interviews with overseas institutional investors online and offline by holding overseas roadshows and through participation in conferences held by securities companies
Response to ESG interviews and stewardship code interviews	14 times	・Investor Relations Department ・Sustainability Promotion Department ・Other relevant divisions, etc.	Conducted ESG engagement and SR dialogues with investors
IR events for institutional investors	4 times	・Executive officers in charge of business sectors ・Corporate Planning Division ・Relevant divisions and plants ・Investor Relations Department, etc.	Held a Medium-Term Management Plan briefing, business briefing, carbon neutral strategy briefing, plant tour, etc.
Small meetings	3 times	・Representative Director, President ・Executive officer in charge of IR ・Executive officers in charge of business sectors ・Corporate Planning Division, etc.	Held event for exchanging views between analysts, institutional investors in Japan and overseas, and management
Outside directors interview	1 time	・Outside directors	Held an individual interview with shareholders and outside directors
Briefing for individual investors	1 time	・Division Director, CSR & IR Division	Held an online briefing for individual investors

２．Main engagement themes, and issues of interest to shareholders and investors

Medium-Term Management Plan	・Growth story of U&P businesses^1 including the three ICT businesses^2・Progress in reforming restructure businesses requiring intensive management ・Progress of major investment projects, etc.
ESG	・GHG emission reduction targets, roadmap for achieving carbon neutrality ・Human resource strategy, human capital related matters ・Measures to promote DEI ・Assessing the effectiveness of the Board of Directors, etc.
Capital policy and financial strategies	・Investment plan (capital expenditure, etc.), R&D expenses ・Capital allocation ・Policy on reduction of strategic shareholdings ・Efforts to improve PBR, etc.
Shareholder returns	・Dend poliividcy ・Policy on share buybacks, etc.

*1 U&P businesses: Uniqueness & Presence (U&P) businesses are defined as businesses that the ability to grow continuously by achieving a balance between social and economic value
*2 Three ICT businesses: Electronics materials, electronic chemicals, optical materials

３．Status of internal feedback implementation

Reports and discussions at meetings of the Board of Directors	Analysis of the current situation, sharing of recognition of issues, and deliberation on the implementation of management that is conscious of cost of capital and stock price, and reporting on the execution of duties related to IR activities and sustainability activities, etc.
Regular internal distribution and explanation of IR reports	Feedback from shareholders and investors, including their opinions and comments, is compiled into an IR report on a quarterly basis, distributed internally each quarter to all officers including outside directors and outside Audit & Supervisory Board members, as well as to relevant departments including corporate and business sectors, and also directly explained to key executives, outside directors, Audit & Supervisory Board members, relevant divisions, etc.
Other matters	Internal sharing of analyst reports, etc.