As a responsible institutional investor, we accept the principles of the “Japan Stewardship Code” to appropriately fulfill our fiduciary responsibilities.
Principles of the “Japan Stewardship Code”
Principle 1
Institutional investors should formulate and disclose a clear policy to fulfill their stewardship responsibilities.
We will fulfill our stewardship responsibilities by promoting the improvement and sustainable growth of the corporate value of the companies we invest in through constructive “purposeful dialogue” and the exercise of voting rights
based on a deep understanding of the investee companies and their businessenvironments. This aims to enhance the medium- to long-term investment returns of our “customers and beneficiaries.”
Principle 2
Institutional investors should formulate and disclose a clear policy regarding the management of conflicts of interest to fulfill their stewardship responsibilities.
We will disclose our basic policy on conflicts of interest and, in cases where conflicts of interest may arise in fund management, will comply with relevant laws and internal regulations to ensure the interests of investors.
Principle 3
Institutional investors should accurately understand the situation of the investee companies to appropriately fulfill their stewardship responsibilities for the sustainable growth of these companies.
When directly investing in companies, we will engage in continuous dialogue with the management and other executives of the invested companies to accurately understand their situation. When managing through other highly specialized
funds, we will confirm the investment philosophy, governance, andmanagement policies of those fund management companies and select funds that do not conflict with our own views.
Principle 4
Institutional investors should strive to share recognition with invested companies and work to resolve issues through constructive “purposeful dialogue” with them.
When directly investing in companies, we will strive to deepen mutual understanding and share recognition with invested companies through continuous dialogue with their management and executives, and work to eliminate risks and resolve
various issues.
Principle 5
Institutional investors should have a clear policy on the exercise of voting
rights and the disclosure of voting results and should devise voting guidelines that contribute to the sustainable growth of investee companies rather than merely adhering to formal standards.
We will exercise shareholder voting rights in accordance with rules and processes defined internally, fully considering the management, growth potential, and investor interests of the investee companies. However, if the investee company
is unlisted, we will refrain from disclosing the results of thevoting exercise.
Principle 6
Institutional investors should regularly report to their customers and beneficiaries on how they fulfill their stewardship responsibilities, including the exercise of voting rights.
We will report to investors regularly on how we fulfill our stewardship responsibilities, including the exercise of voting rights, through periodic reports and other means.
Principle 7
Institutional investors should have the capability to make appropriate decisions related to dialogue and stewardship activities with investee companies, based on a deep understanding of these companies and their business environments,
as well as sustainability considerations relevant to their investment strategies.
We will strive to acquire a profound understanding of investee companies and their business environments and will develop the capability to make appropriate decisions related to fruitful dialogue and stewardship activities that contribute
to the sustainable growth of these companies.
