Investments in human capital are essential for sustainable corporate growth and the creation of mid- to long-term corporate value. However, in many cases, such investments are recorded as expenses in financial statements and investors noted that relevant information is not necessarily disclosed.
Although investments in human capital may reduce short-term profits, they contribute to medium- to long-term value creation and ultimately enhance shareholder returns. Therefore, human capital disclosure is critical to facilitating constructive dialogue between investors and corporate management. In this context, a research report and guidance on human capital disclosure have been published.
Links
Strategy-Focused Human Capital Disclosures (April 9, 2026) *1- Examples of Disclosure on the Alignment Between Business Strategy and Human Capital Management Strategy, and Related Metrics (April 17, 2026) *2
- The Research Report, "Study on Global Investors' Focus Areas Regarding Human Capital Disclosure and Corporate Case Studies" (April 11, 2025)
*1, 2 These materials are translations of the original Japanese documents on "Strategy-Focused Human Capital Disclosure" and appendix published on March 23, 2026. Toshitake Inoue (Director-General, Policy and Markets Bureau, Financial Services Agency) spoke about the "Strategy-Focused Human Capital Disclosure" at the Asia Sustainability Symposium on April 9, 2026.
