Marubeni Selected as Grand Prix Recipient in Tokyo Stock Exchange Corporate Value Improvement Award
Dec. 26. 2013
Marubeni Corporation (“Marubeni”) is proud to announce that it has been selected as the Grand Prix recipient in the Corporate Value Improvement Award run by the Tokyo Stock Exchange (“TSE”).
The Corporate Value Improvement Award was founded in 2012 to spread and promote management aimed at improving corporate value deemed desirable by the TSE in its position as a market operator. Listed companies (approximately 3,400 companies) that contribute to the appeal of the TSE market, such as by improving corporate value through initiatives which consider capital cost and other investor concerns, are eligible for selection.
Grand Prix: Marubeni
Excellence Award: Kirin Holdings Company Limited, ANRITSU CORPORATION, NAMCO BANDAI Holdings Inc., ITOCHU Corporation
(in order of TSE code numbers)
Please see the TSE press release for information on the selection process.
Marubeni is pursuing its mid-term management plan “Global Challenge 2015” since April 2013, and is aiming to realize sustainable growth as well as to build a strong earnings structure and solid financial base. Marubeni targets not only profitable growth but also aims to achieve more than 15% ROE stably. Marubeni considers its Corporate Value Improvement Award selection resulted from the TSE’s high evaluation of Global Challenge 2015. Encouraged by this honor, Marubeni will make efforts to further improve its corporate value going forward.