In today’s briefing:
- Forgital – ESG Report – Lucror Analytics
- Unification of Quarterly Securities Reports with Financial Summary to TSE Is Generally Appropriate
- Atalian – ESG Report – Lucror Analytics
Forgital – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Forgital’s ESG as “Adequate”, in line with its Social and Governance scores. The company has a “Weak” score for the Environmental pillar. Controversies are “Immaterial” and Disclosure is “Adequate”.
- Forgital is a vertically integrated company that focuses on manufacturing forged components for the aerospace and industrial markets.
Unification of Quarterly Securities Reports with Financial Summary to TSE Is Generally Appropriate
- Since there’s little opposition to the argument that quarterly securities reports should no longer be mandatory, securities reports in 1Q/3Q are almost identical content to the disclosures to TSE.
- To ensure the reliability of the financial statements submitted to TSE, which are replacing current statutory documents, the requirement of review by auditor could be a solution to the problem.
- In this review, the addition of the cash flow statement and segment information in 1Q and 3Q financial statements is very useful and a step forward.
Atalian – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Atalian’s ESG as “Adequate”, in line with its Social score. The company has “Weak” scores for the Environmental and Governance pillars. Controversies are “Immaterial” and Disclosure is “Adequate”.
- French building-services management company Atalian offers a range of facility management and cleaning services.