{"id":21678,"date":"2023-02-16T14:43:01","date_gmt":"2023-02-16T05:43:01","guid":{"rendered":"https:\/\/www.capcom.co.jp\/ir\/?page_id=21678"},"modified":"2023-12-08T17:22:39","modified_gmt":"2023-12-08T08:22:39","slug":"comment","status":"publish","type":"page","link":"https:\/\/www.capcom.co.jp\/ir\/english\/data\/oar\/2022\/comment.html","title":{"rendered":"Key commentary on our human resources strategy from our external directors"},"content":{"rendered":"\n<div class=\"oarBnWrapper\">\n        <div class=\"oarBnBody oar2022\">\n            <div class=\"fixedHeader\">\r\n\r\n        <section class=\"fixedTop\">\r\n\r\n            <div class=\"container\">\r\n                <h1><a href=\"\/ir\/english\/data\/oar\/2022.html\"><img decoding=\"async\"\r\n                            src=\"\/ir\/english\/assets\/images\/data\/oar\/2022\/top\/top_title01.svg\"\r\n                            alt=\"INTEGRATED REPORT 2022\"><\/a><\/h1>\r\n\r\n                <div class=\"ticker\">\r\n                    <img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2022\/top\/top_title02.svg\"\r\n                        alt=\"Invested in People, Committed to Growth\">\r\n                <\/div>\r\n                <!--\/\/ticker-->\r\n\r\n            <\/div>\r\n            <!--\/\/container-->\r\n        <\/section>\r\n        <!--\/\/section-->\r\n\r\n\r\n        <section class=\"globalnav\">\r\n\r\n            <ul>\r\n                <li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_02.pdf\" target=\"_blank\">Value Creation <br class=\"is-pc\">Story (PDF)<\/a><\/li>\r\n\r\n                <li><span class=\"openPopup\">CEO<br>Commitment<\/span>\r\n                    <div class=\"navPopup\">\r\n                        <div class=\"container\">\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li class=\"txtB txt18\"><a href=\"\/ir\/english\/data\/oar\/2022\/ceo.html\">CEO\r\n                                                Commitment (Top)<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                            <\/nav>\r\n\r\n\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/ceo.html#sec01\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->1.\r\n                                                Aiming to be #1: delivering the world\u2019s best content\r\n                                                \u201cFrom Osaka, to the world\u201d<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/ceo.html#sec02\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->2.\r\n                                                Game industry forecast<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/ceo.html#sec03\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->3.\r\n                                                Investing in human resources and development\r\n                                                equipment to create world-class games<\/a><\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n                            <\/nav>\r\n\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/ceo.html#sec04\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->4.\r\n                                                The strongest IP assets in our history and the\r\n                                                capabilities to continue creating high-quality content<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/ceo.html#sec05\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->5.\r\n                                                Increasing corporate value by building healthy\r\n                                                relationships and a sturdy framework<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/ceo.html#sec06\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->6.\r\n                                                Strengthening our corporate governance structure<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n                            <\/nav>\r\n\r\n                        <\/div>\r\n                        <!--\/\/container-->\r\n                    <\/div>\r\n                    <!--\/\/navPopup-->\r\n                <\/li>\r\n\r\n\r\n\r\n                <li><span class=\"openPopup\">COO Growth<br>strategy<\/span>\r\n                    <div class=\"navPopup\">\r\n                        <div class=\"container\">\r\n\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li class=\"txtB txt18\"><a href=\"\/ir\/english\/data\/oar\/2022\/coo.html\">COO Growth\r\n                                                strategy (Top)<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                            <\/nav>\r\n\r\n\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/coo.html#sec01\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Measure\r\n                                                1\uff1aAccelerating global market expansion<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/coo.html#sec02\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Measure\r\n                                                2\uff1aContinue producing the world\u2019s best content<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/coo.html#sec03\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Measure\r\n                                                3\uff1aLong-term sales and improved profitability\r\n                                                in the global market<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n                            <\/nav>\r\n\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/coo.html#sec04\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Measure\r\n                                                4\uff1aDiversification and streamlining of sales\r\n                                                measures with a shift to digital business<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/coo.html#sec05\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Measure\r\n                                                5\uff1aBrand expansion (1)\r\n                                                \u2013Strengthening coordination with\r\n                                                peripheral businesses<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/coo.html#sec06\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Measure\r\n                                                6\uff1aBrand expansion (2)\r\n                                                -Strengthening our licencing, eSports,\r\n                                                movie businesses<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n                            <\/nav>\r\n\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/coo.html#sec07\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->Measure\r\n                                                7\uff1aSupport for new areas,\r\n                                                such as cloud gaming and the metaverse<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n                            <\/nav>\r\n                        <\/div>\r\n                        <!--\/\/container-->\r\n                    <\/div>\r\n                    <!--\/\/navPopup-->\r\n                <\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2022\/cho.html\">CHO <br>Commitment<\/a><\/li>\r\n\r\n\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2022\/cfo.html\">CFO <br>Commitment<\/a><\/li>\r\n\r\n\r\n\r\n                <li><span class=\"openPopup\">Development<\/span>\r\n                    <div class=\"navPopup\">\r\n                        <div class=\"container\">\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li class=\"ntitle\"><a href=\"javascript:void(0)\">Development<\/a><\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                            <\/nav>\r\n\r\n                            <nav>\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/devtop.html\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->The Head of\r\n                                                Development Discusses Strategy<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n\r\n                                <div class=\"unit\">\r\n                                    <ul>\r\n                                        <li><a href=\"\/ir\/english\/data\/oar\/2022\/development.html\">\r\n                                                <!--img src=\"\/ir\/data\/oar\/2017\/img\/Menu\/know_05.jpg\"><br-->The Head of\r\n                                                Technical Research Discusses Development<\/a>\r\n                                        <\/li>\r\n                                    <\/ul>\r\n                                <\/div>\r\n                                <!--\/\/unit-->\r\n\r\n                            <\/nav>\r\n                        <\/div>\r\n                        <!--\/\/container-->\r\n                    <\/div>\r\n                    <!--\/\/navPopup-->\r\n                <\/li>\r\n\r\n\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2022\/comment.html\">Corporate <br class=\"is-pc\">Governance<\/a><\/li>\r\n\r\n            <\/ul>\r\n\r\n        <\/section>\r\n        <!--\/\/section-->\r\n\r\n    <\/div>\r\n    <!--\/\/fixedHeader-->\r\n\r\n    <div id=\"hideGnav\"><\/div>\n\n            <main id=\"rs_read\" class=\"outside oarMain\">\n                <div class=\"outside_header\">\n                    <div class=\"visual\">\n                        <div class=\"outsideGroup mT45\">\n                            <div class=\"textBlock\">\n                                <p class=\"subtitle\">\n                                    Key commentary on our human resources strategy\n                                    from our external directors\n                                <\/p>\n                                <p class=\"title mT15 p\">\n                                    Capcom\u2019s external directors delve into the specific measures,\n                                    issues, and future direction for creating a management policy\n                                    that strengthens investment in human resources\n                                <\/p>\n                            <\/div>\n                            <div class=\"mT35 imageBlock is-outside\">\n                                <img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2022\/outside\/outside_mv01.png\" alt=\"Key commentary on our human resources strategy\n                                        from our external directors\">\n                            <\/div>\n                            <div class=\"captionBlock\">\n                                <p class=\"p\">\n                                    The five external directors (as of March 31,\n                                    2022) on Capcom\u2019s Board of Directors take\n                                    the lead in proactively exchanging opinions\n                                    and advice on our management policies,\n                                    ensuring transparency and soundness.\n                                <\/p>\n                                <p class=\"mT15 p\">\n                                    In addition, the Board of Directors is focused\n                                    on promoting our growth strategy in a\n                                    management environment with appropriate\n                                    governance functions, where active discussion\n                                    takes place regarding the structure of\n                                    Capcom\u2019s corporate governance and\n                                    disclosure, as well as our communications\n                                    with shareholders and investors.\n                                <\/p>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                <!---\/\/ceo_header-->\n\n                <div class=\"container mT25\">\n                    <p class=\"mT15 p\">\n                        To help you better understand governance at Capcom, we are\n                        sharing some comments on this page made by our external\n                        directors regarding human resources investment, which is one\n                        of the key management strategies that we have been placing\n                        even sharper focus on this fiscal year. The comments are from\n                        regularly held Roundtable Discussions, where agenda items for\n                        Board of Directors meetings are discussed, and Nomination\n                        and Remuneration Committee Meetings.\n                    <\/p>\n                    <div class=\"contBorder\"><\/div>\n                    <p class=\"mT35 p\">\n                        <strong class=\"squareTitle\">Regarding the FY2021 winter bonus increase<\/strong>\n                    <\/p>\n                    <p class=\"mT15 p\">\n                        At the Board of Directors meeting held in October 2021, it was\n                        decided that based on the management policy to strengthen\n                        investment in human resources, the Company would pay a\n                        special bonus in December that year in addition to the regular\n                        bonus for the purpose of: (1) improving the standard of\n                        compensation and more tightly linking performance to\n                        compensation for employees, and (2) better reflecting\n                        contributions to business performance and efforts to address\n                        priority issues in evaluations of employees. The following are\n                        the key comments from the Nominations and Remuneration\n                        Committee meeting held in October 2021.\n                    <\/p>\n                    <ul class=\"mT15 dotsList\">\n                        <li>\n                            <p class=\"p\">\n                                Raising the compensation of employees before raising that\n                                of top management is an issue that merits evaluation. The\n                                company\u2019s profit margin is now in excess of 40%. It will be\n                                important to address improving employee compensation\n                                when considering sustainable growth for the future.\n                                Following the measures taken this time, it will likely be\n                                necessary to provide those in leadership roles, including\n                                executives, with more generous remuneration.\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">\n                                No matter how well the company performs, if profits do not\n                                come back to the employees, shareholders are left with\n                                concerns about talented personnel leaving the company.\n                                Revising compensation standards leads to higher retention of\n                                personnel, and not doing so may conversely be cause to call\n                                management negligent.\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">\n                                I think it is good to review the current salary standards and\n                                reward employees.\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">\n                                In addition to addressing compensation, another important\n                                issue is the training and education of new employees, which\n                                the company hires on a scale of 200 people annually. Moving\n                                forward, I believe it is necessary to promote such efforts in\n                                combination with revisions to the human resources policy.\n                            <\/p>\n                        <\/li>\n                    <\/ul>\n                    <div class=\"contBorder\"><\/div>\n                    <p class=\"mT35 p\">\n                        <strong class=\"squareTitle\">Regarding the FY2022 Human Resources department\n                            reorganization and appointment of a CHO<\/strong>\n                    <\/p>\n                    <p class=\"mT15 p\">\n                        On March 31, 2022, Capcom announced the promotion of a\n                        human resources investment strategy to improve sustainable\n                        corporate value. This release touched upon the following two\n                        points. (1) The establishment of a Chief Human Resources\n                        Officer (CHO) (For details see p.39 \u201cThe CHO Discusses Human\n                        Resources Strategy\u201d) to oversee securing and strengthening\n                        human resources, as well as a reorganization of the human\n                        resources functions into four departments under the CHO to pick\n                        up on problems and issues in the field. (2) Making efforts to\n                        resolve issues at the executive level and promoting the creation of\n                        a comfortable workplace for employees. The following are the key\n                        comments from the Roundtable Discussion held in March 2022.\n                    <\/p>\n                    <p class=\"rlink is-outside txtR mT15\"><a href=\"\/ir\/english\/data\/oar\/2022\/cho.html\" rel=\"noopener\">The CHO Discusses Our Human Resources Strategy<\/a><\/p>\n                    <ul class=\"mT15 dotsList\">\n                        <li>\n                            <p class=\"p\">\n                                I believe it is progressive and positive. However, workstyle\n                                reforms and environmental improvements will take time. The\n                                newly established Health and Productivity Management\n                                Department has been established to take positive measures\n                                that will benefit employees. I hope that management\n                                thoroughly explain the role of this new department so that it can\n                                function effectively, and that its functions are well understood.\n                            <\/p>\n                        <\/li>\n                        <li class=\"nodots\">\n                            <p class=\"p\">\n                                I believe that the main issues going forward are communication\n                                with superiors, training developers, and cultivating core\n                                personnel. (Internal director)\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">\n                                While other companies are also experiencing more fluidity in\n                                their personnel recently, we are also seeing a trend of new\n                                graduates we hire who are not yet accustomed to professional\n                                life. Times have changed since the current generation of\n                                managers had to come up the hard way, and people will not\n                                follow those who are just strict in their instruction with\n                                nothing more to offer.\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">Many companies are troubled by mid-career personnel\n                                leaving, and some companies are conducting employee\n                                resignation analysis and satisfaction surveys.\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">\n                                It has become a common occurrence at companies that\n                                managers who play a central role in the day-to-day operations of\n                                the company are troubled by the fact that younger employees\n                                are not responding to being treated the same way as the\n                                managers had been when they were freshly graduated new hires.\n                            <\/p>\n                        <\/li>\n                        <li class=\"nodots\">\n                            <p class=\"p\">With the recent increase in freer work styles, this is an\n                                opportunity for companies to change their corporate cultures\n                                to align more with the times. It will take time, but we must\n                                make the effort to address this. (Internal director)\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">\n                                As we promote measures to secure human resources, I would\n                                also like the company to continue making efforts to create a\n                                framework that can pick up on employees\u2019 needs, foster a\n                                sense of loyalty to the company among existing employees,\n                                and to meet the expectations people have of the organization.\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">We can assume that regardless of workplace, managers will be\n                                facing a generation gap in the education of their subordinates.\n                                Going forward, I think it would be beneficial for departments\n                                to exchange information on how to treat subordinates.\n                            <\/p>\n                        <\/li>\n                    <\/ul>\n                    <div class=\"contBorder\"><\/div>\n                    <p class=\"mT35 p\">\n                        <strong class=\"squareTitle\">Regarding FY2022 labor costs<\/strong>\n                    <\/p>\n                    <p class=\"mT15 p\">\n                        Based on the new human resources policy, the average base\n                        salary of full-time employees was raised 30% (including salary\n                        increases) from April 2022, and a remuneration policy was\n                        introduced that returns profits to employees based on\n                        performance criteria. The following are the key comments\n                        from the Roundtable Discussion held in March 2022.\n                    <\/p>\n                    <ul class=\"mT15 dotsList\">\n                        <li>\n                            <p class=\"p\">\n                                It is important to consider how to determine salary amounts\n                                when revising the remuneration policy, but it is also necessary\n                                to discuss how to develop and systematize a multifaceted\n                                remuneration system that includes single-year fixed\n                                compensation, medium-to-long-term performance-based\n                                compensation, and stock compensation.\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">\n                                When revising the remuneration system, you cannot simply\n                                raise salaries. You have to provide employees with a detailed\n                                explanation of the management policy going forward. I\n                                would like the company to also consider moving to a more\n                                flexible grade system that does not allow seniority to get in\n                                the way. Taking these points into consideration, the way the\n                                message is communicated internally is important.\n                            <\/p>\n                        <\/li>\n                        <li class=\"nodots\">\n                            <p class=\"p\">\n                                In addition to sending a video message from the president\n                                regarding the revision to remuneration to all employees, we\n                                will make an external announcement regarding Capcom\u2019s\n                                human resources strategy efforts. (Internal director)\n                            <\/p>\n                        <\/li>\n                        <li>\n                            <p class=\"p\">\n                                The opinion was raised that employees should be provided\n                                with a detailed explanation from management regarding the\n                                purpose of the remuneration revision, but as a further step,\n                                there is a need to push for executives and managers to\n                                reevaluate their thinking. I know that is a difficult theme to\n                                undertake, but I would really like to see analysis and review.\n                            <\/p>\n                        <\/li>\n                    <\/ul>\n                <\/div>\n                <!--\/\/container-->\n            <\/main>\n\n<div class=\"contList\">\r\n<div class=\"contents\">\r\n<h3>CAPCOM INTEGRATED REPORT 2022<\/h3>\r\n<h4 class=\"mT30 comppdf\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_01.pdf']);\" rel=\"noopener\">\r\nPDF (Complete version) <span class=\"pdfmt\">(PDF: 12.2MB \/ 104 pages)<\/span><\/a><\/h4>\r\n<div class=\"sepbox\">\r\n<h4 class=\"mT15 separate\">PDF (by section)<\/h4>\r\n<div class=\"contBox mT15\">\r\n<div class=\"col heightLine-1\">\r\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_02.pdf']);\" rel=\"noopener\">Value Creation Story <br> \r\n<span>(PDF: 3.5MB \/ 24 pages)<\/span><\/a>\r\n<\/h4>\r\n<ul class=\"mT10\">\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_01.pdf']);\" rel=\"noopener\">Create Financial and Non-Financial Value<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_02.pdf']);\" rel=\"noopener\">Corporate Philosophy<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_03.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_03.pdf']);\" rel=\"noopener\">Value Creation Model<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_04.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_04.pdf']);\" rel=\"noopener\">History of Value Creation<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_05.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_05.pdf']);\" rel=\"noopener\">Major Intellectual Properties (IP)<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_06.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_06.pdf']);\" rel=\"noopener\">Effectively Leveraging IP<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_07.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_07.pdf']);\" rel=\"noopener\">Digital Strategy \/ Human Resources Strategy Performance<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_08.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_08.pdf']);\" rel=\"noopener\">ESG Highlights<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_09.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_09.pdf']);\" rel=\"noopener\">Business Segments Highlights<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_10.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_10.pdf']);\" rel=\"noopener\">Financial Highlights<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_value_11.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_value_11.pdf']);\" rel=\"noopener\">Medium- to Long-Term Vision<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n<!--\/\/col-->\r\n\r\n<div class=\"col heightLine-1\">\r\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_03.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_03.pdf']);\" rel=\"noopener\">Medium- to Long-Term\r\nGrowth Strategy <br> \r\n<span>(PDF: 0.9MB \/ 22 pages)<\/span><\/a><\/h4>\r\n<ul class=\"mT10\">\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_ceo.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_ceo.pdf']);\" rel=\"noopener\">CEO Commitment<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_coo.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_coo.pdf']);\" rel=\"noopener\">The COO\u2019s discussion of growth strategies<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_cho.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_cho.pdf']);\" rel=\"noopener\">The CHO Discusses Our Human Resources Strategy<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_cfo.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_cfo.pdf']);\" rel=\"noopener\">Financial Strategy According to the CFO<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n<!--\/\/col-->\r\n\r\n<div class=\"col heightLine-1\">\r\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_04.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_04.pdf']);\" rel=\"noopener\">Latest Creative Report <br> \r\n<span>(PDF: 5.6MB \/ 6 pages)<\/span><\/a>\r\n<\/h4>\r\n<ul class=\"mT10\">\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_devtop.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_devtop.pdf']);\" rel=\"noopener\">The Head of Development Discusses Strategy<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_teach.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_teach.pdf']);\" rel=\"noopener\">Training Human Resources and Our Development Environment<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_tech.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_tech.pdf']);\" rel=\"noopener\">The Head of Technical Research Discusses Development<\/a><\/li>\r\n\r\n<\/ul>\r\n<\/div>\r\n<!--\/\/col-->\r\n\r\n<div class=\"col heightLine-2\">\r\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_05.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_05.pdf']);\" rel=\"noopener\">Foundation for\r\nSustainable Growth (ESG) <br> \r\n<span>(PDF: 2.0MB \/ 22 pages)<\/span><\/a><\/h4>\r\n<ul class=\"mT10\">\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_esg_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_esg_01.pdf']);\" rel=\"noopener\">ESG Information<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_environment_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_environment_01.pdf']);\" rel=\"noopener\">Capcom and the Environment<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_society_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_society_01.pdf']);\" rel=\"noopener\">Society and Capcom<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_member_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_member_01.pdf']);\" rel=\"noopener\">Directors<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_gov_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_gov_01.pdf']);\" rel=\"noopener\">Corporate Governance Structure and Initiatives<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_message_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_message_01.pdf']);\" rel=\"noopener\">Message from a Director and Executive Corporate Officer<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_gov_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_gov_02.pdf']);\" rel=\"noopener\">Key commentary on our human resources strategy\r\nfrom our external directors<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n<!--\/\/col-->\r\n\r\n<div class=\"col heightLine-2\">\r\n<h4 class=\"mpdf\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_06.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_06.pdf']);\" rel=\"noopener\">Financial Analysis and\r\nCorporate Data <br> \r\n<span>(PDF: 0.8MB \/ 11 pages)<\/span><\/a><\/h4>\r\n<ul class=\"mT10\">\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_finance_01.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_finance_01.pdf']);\" rel=\"noopener\">An Analysis of the Market and Capcom<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_finance_02.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_finance_02.pdf']);\" rel=\"noopener\">11-Year Summary of Consolidated Financial Indicators<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_finance_03.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_finance_03.pdf']);\" rel=\"noopener\">Segment Information<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_finance_05.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_finance_05.pdf']);\" rel=\"noopener\">Stock Data<\/a><\/li>\r\n<li><a href=\"\/ir\/english\/data\/pdf\/annual\/2022\/annual_2022_finance_04.pdf\" target=\"_blank\" onclick=\"_gaq.push(['_trackEvent', 'JA PDF', 'OAR', 'annual_2022_finance_04.pdf']);\" rel=\"noopener\">Corporate Data<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n<!--\/\/col-->\r\n<\/div>\r\n<!--\/\/sepbox-->\r\n\r\n<\/div>\r\n<!--\/\/contBox-->\r\n<\/div>\r\n<!--\/\/contents-->\r\n<\/div>\r\n<!--\/\/contList-->\n    <div class=\"f_bknumber\">\r\n        <div class=\"box clearfix\">\r\n            <p>Online Integrated Report Archives<\/p>\r\n            <ul class=\"mT10\">\r\n\t\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2025.html\" target=\"_blank\">2025<\/a><\/li>\r\n\t\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2024.html\" target=\"_blank\">2024<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2023.html\" target=\"_blank\">2023<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2022.html\" target=\"_blank\">2022<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2021.html\" target=\"_blank\">2021<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2020.html\" target=\"_blank\">2020<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2019.html\" target=\"_blank\">2019<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2018.html\" target=\"_blank\">2018<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2017.html\" target=\"_blank\">2017<\/a><\/li>\r\n            <\/ul>\r\n        <\/div>\r\n        <!--\/\/box-->\r\n    <\/div>\n        <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key commentary on our human resources strategy from our external directors Capcom\u2019s external directors delve i [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":21441,"parent":21682,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template\/other_onecol.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-21678","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"lang":"english","translations":{"english":21678,"ja":21437},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/21678"}],"collection":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/comments?post=21678"}],"version-history":[{"count":4,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/21678\/revisions"}],"predecessor-version":[{"id":21705,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/21678\/revisions\/21705"}],"up":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/21682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/media\/21441"}],"wp:attachment":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/media?parent=21678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}