Okura : Annual Report 2017

AN NUAL‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ REPORT 2017

OKURA HOLDINGS LIMITED

(Incorporated in Hong Kong with limited liability) Stock Code: 1655

CONTENTS

Corporate Information	2
Definitions	4
Chairman's Statement	8
Management Discussion and Analysis	12
Biographies of the Directors and Senior Management	20
Directors' Report	26
Corporate Governance Report	39
Environmental, Social and Governance Report	51
Independent Auditor's Report	57
Consolidated Statement of Comprehensive Income	62
Consolidated Statement of Financial Position	64
Consolidated Statement of Changes in Equity	66
Consolidated Statement of Cash Flows	68
Notes to the Consolidated Financial Statements	70
Financial Summary	138
Particulars of Investment Properties	139

Corporate Information

BOARD OF DIRECTORS

Executive Directors

Mr. Katsuya Yamamoto (Chairman) Mr. Fumihide Hamada

Mr. Yutaka Kagawa Mr. Toshiro Oe

Independent Non-executive Directors

Mr. Mitsuru Ishii Mr. Yuji Matsuzaki

Mr. Takamasa Kawasaki

COMPANY SECRETARY

Mr. Man Yun Wah ACIS, ACS, MCG

AUDIT COMMITTEE

Mr. Takamasa Kawasaki (Chairman) Mr. Mitsuru Ishii

Mr. Yuji Matsuzaki

REMUNERATION COMMITTEE

Mr. Takamasa Kawasaki (Chairman) Mr. Mitsuru Ishii

Mr. Yuji Matsuzaki

Mr. Katsuya Yamamoto Mr. Yutaka Kagawa

NOMINATION COMMITTEE

Mr. Katsuya Yamamoto (Chairman) Mr. Takamasa Kawasaki

Mr. Mitsuru Ishii Mr. Yuji Matsuzaki Mr. Yutaka Kagawa

RISK MANAGEMENT COMMITTEE

Mr. Fumihide Hamada (Chairman) Mr. Yutaka Kagawa

Mr. Toshiro Oe Mr. Satoshi Maeda Mr. Koji Nakao

Mr. Hayato Tobisawa Mr. Junichi Hitomi

Mr. Shota Miyano (appointed in July 2017)

Mr. Seiji Otofuji

Mr. Masayuki Sakata Mr. Fumihiko Tanaka Mr. Shuntaro Honda Mr. Masaki Oka

AUTHORISED REPRESENTATIVES

Mr. Takamasa Kawasaki

Mr. Man Yun Wah ACIS, ACS, MCG

HEADQUARTER IN JAPAN

7/F, 13-10 Motofuna-machi, Nagasaki City,

Nagasaki Prefecture, Japan 850-0035

REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG

11/F, Admiralty Centre Tower II, 18 Harcourt Road,

Admiralty, Hong Kong

2

Corporate Information

PRINCIPAL BANKERS

Sumitomo Mitsui Banking Corporation, Saga Branch 2-3, Hachimankoji,

Saga City, Saga Prefecture, Japan 840-0834

Shinwa Bank, Sumiyoshi Branch 2-22, Sumiyoshimachi

Nagasaki City, Nagasaki Prefecture, Japan 852-8154

The Eighteenth Bank, Ltd., Sumiyoshi Branch 1-6 Nakazonomachi,

Nagasaki City, Nagasaki Prefecture, Japan 852-8155

HONG KONG SHARE REGISTRAR

Tricor Investor Services Limited Level 22,

Hopewell Centre,

183 Queen's Road East, Hong Kong

INDEPENDENT AUDITOR

PricewaterhouseCoopers Certified Public Accountants 22/F, Prince's Building, Central,

Hong Kong

HONG KONG LEGAL ADVISOR

H.M. Chan & Co

in association with Taylor Wessing 21/F,

No.8 Queen's Road Central, Hong Kong

COMPLIANCE ADVISER

Oceanwide Capital Limited 18/F-19/F, China Building, 29 Queen's Road Central, Hong Kong

PLACE OF LISTING

The Stock Exchange of Hong Kong Limited

STOCK CODE

1655

COMPANY'S WEBSITE

www.okura-holdings.com

ANNUAL REPORT 2017 3