Reviewing the rationale for strategic shareholdings and reducing holdings
First written in FY2019. 4 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
105 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Following the review conducted in fiscal 2025, the Company sold all shares of 2 of the 3 holdings for which no investment rationale was recognized. It sold part of its holdings in 1 and plans to sell the remaining shares during fiscal 2026. In addition, regarding 1 holding in which it sold part of its shares in fiscal 2024, it sold the remaining shares in fiscal 2025.」
The Company continued its annual review and reduction of strategic shareholdings, selling all shares of 2 of the 3 holdings targeted in fiscal 2025 and part of its holdings in 1. It also sold the remaining shares from the previous fiscal year. - FY2024AdvancedAnnual report
「Following the review conducted by the Board of Directors in fiscal 2023, the Company sold all shares of 1 of the 3 holdings for which no investment rationale was recognized. It sold part of its holdings in the other 2 and plans to sell the remaining shares during fiscal 2024.」
Regarding strategic shareholdings, based on the fiscal 2023 review, the Company targeted 3 holdings, selling all shares of 1 and part of its holdings in 2. It plans to sell the remaining shares during fiscal 2024, giving concrete form to its reduction policy. - FY2021AdvancedAnnual report
「Following the review conducted by the Board of Directors in fiscal 2020, the Company sold 2 holdings for which no investment rationale was recognized.」
Regarding strategic shareholdings, the Company continued its annual Board review and sales policy, selling 2 holdings in fiscal 2020. - FY2020AdvancedAnnual report
「Following the review conducted in fiscal 2019, the Company sold 8 holdings for which no investment rationale was recognized.」
Regarding strategic shareholdings, the Company continued its policy of Board review and consideration of sales, selling 8 holdings in fiscal 2019, compared with 1 holding in fiscal 2018. - FY2019First statedAnnual report
「The Company reviews its strategic shareholdings annually at meetings of the Board of Directors, examining for each holding whether the benefits and risks associated with ownership are commensurate with the cost of capital and whether the holding remains aligned with its purposes, such as maintaining medium- to long-term relationships and expanding transactions. Based on the results, it assesses the appropriateness of retaining each individual holding and considers selling holdings, including those for which no investment rationale is recognized. Following the review conducted in fiscal 2018, the Company sold one holding for which no investment rationale was recognized.」
Regarding strategic shareholdings, the Company has for the first time explicitly stated its procedures of annual Board review, comparison with the cost of capital, and consideration of sales of holdings for which no investment rationale is recognized. In fiscal 2018, it sold one holding.