Komori
Governance1723NIHON DENGI CO.,LTD.Construction and Materials

Notice Concerning the Policy for Reducing Cross-Shareholdings

The Board of Directors resolved to reduce strategic shareholdings to less than 10% of consolidated net assets by fiscal 2030 (the fiscal year ending March 2031). Proceeds from the sales will be used for investments to drive business growth and shareholder returns.

Worth reading
60In focus
Scored from 2 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
10
Ratio to consolidated net assets (less than 10% by fiscal 2030)
Wording
Conditional
How definitive the wording is.

Contents of this filing

Policy on cross-shareholdings

The policy is to reduce strategic shareholdings to less than 10% of consolidated net assets by fiscal 2030 (the fiscal year ending March 2031). Proceeds generated through the reduction will be used to enhance investments to drive business growth and shareholder returns. No number of holdings or monetary amount was disclosed.

Policy regarding shares of other companies held to maintain business relationships and for other purposes.

Changes this time

A policy for reducing strategic shareholdings was formulated and resolved by the Board of Directors.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Policy on cross-shareholdingsThe policy is to reduce strategic shareholdings to less than 10% of consolidated net assets by fiscal 2030 (the fiscal year ending March 2031). Proceeds generated through the reduction will be used to enhance investments to drive business growth and shareholder returns. No number of holdings or monetary amount was disclosed.
Changes this timeA policy for reducing strategic shareholdings was formulated and resolved by the Board of Directors.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteeTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To improve capital efficiency and achieve sustainable growth and increased corporate value over the medium to long term. Proceeds generated through the reduction will be used to enhance investments to drive business growth and shareholder returns.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Policy for Reducing Cross-Shareholdings | NIHON DENGI CO.,LTD. (1723) timely disclosure | Komori