Hyundai Finance will start publishing quarterly reports on its investments, and will start tracking the investments of all its affiliates in an effort to better understand the market, said the automaker’s chief executive, Juhani Oh.
Hyundai Finance, which has more than 40 affiliates in more than 60 countries, will be reporting on its annual investments to the public through a series of online reporting tools.
“Hyundai Finance is committed to reporting the value of its investments to investors, but this reporting will be transparent and comprehensive,” Oh said in a statement.
The company will publish quarterly reports about its investments on Hyundai Finance’s website, which will also allow investors to see which subsidiaries have invested in particular areas.
The new platform will also include the names of the entities whose investments were made, the amount invested, the company’s growth, and the percentage of each affiliate’s portfolio that has been invested in the company.
Oh said that the company will make its investment tracking system available to investors through the U.S. Securities and Exchange Commission, and that it plans to integrate the data with other financial information.
“The reporting of this information will allow investors and institutions to better monitor Hyundai Finance,” Oh added.
The automaker has struggled to attract new investors as its market share has declined.
In October, Hyundai Finance reported its third quarter financial results that were largely flat to down compared to the prior year.
The firm reported a loss of $6.6 billion for the quarter, compared to a profit of $11.2 billion.
Hyundai Securities analyst James Hagan said that in the past few years, the automaking giant has focused on “lower costs” rather than growth in its vehicle portfolio.
“We think the biggest problem that Hyundai Finance faces is that they are investing in things that are not growing,” Hagan told CNBC in November.
“They are investing less in things they think are growing.
They are investing more in things like hybrids and SUVs, which they think is a better long-term investment.
So I think that is the biggest challenge that Hyundai has faced in terms of the growth of the market.”