Reviewing the Rationale for Strategic Shareholdings and Strategic Ownership
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
14 other companies' latest entry also says "Other".
- FY2026Reduction and replacement of cross-shareholdingsAnnual report
「Number of issues 2 556,862 株式会社スカラ — 600,000 — Total sale proceeds related to the reduction in the number of shares held (¥ thousands) 219,250」
Policy-held shares decreased from 3 issues totaling ¥808.502 million to 2 issues totaling ¥556.862 million, following the sale of shares in 株式会社スカラ. The Company continues its annual review of the rationale for holding the shares and its policy of reducing holdings when the relevant criteria are met. - FY2025Update to policy-held shareholdingsAnnual report
「Number of issues 3 808,502」
The policy-held portfolio comprised 3 issues, with a total balance-sheet carrying amount of ¥808.502 million. The Company continues to confirm the rationale for holding the shares based on annual qualitative and quantitative assessments and comparisons with the expected rate of return. - FY2024AdvancedAnnual report
「Each year, we ascertain the business performance of all investee companies and confirm the rationale for holding the shares against qualitative and quantitative investment criteria at meetings of the Board of Directors. Investment yield ≧ expected rate of return」
For policy-held shares, the Company disclosed its annual qualitative and quantitative assessments, comparisons with the expected rate of return, and criteria for reducing holdings, as well as holdings of 3 issues totaling ¥998.214 million. - FY2020AdvancedAnnual report
「At a meeting of the Company's Board of Directors, we assessed transactions with each company, profits, and comparisons with the cost of capital, as well as qualitative benefits, and determined that it was reasonable to continue holding the shares for policy purposes.」
The Company disclosed that it had assessed policy-held shares at a Board of Directors meeting based on transaction amounts, profits, comparisons with the cost of capital, and qualitative benefits, and determined that continuing to hold 3 issues was reasonable. - FY2019First statedAnnual report
「The Board of Directors will confirm whether each cross-shareholding is consistent with its purpose, monitor the status of transactions, and review the investee company's future prospects and other factors before confirming on each occasion whether holding the shares contributes to enhancing the Company's corporate and share value.」
Explicitly states the policy of having the Board of Directors review the purpose of holding cross-shareholdings, transaction status, future prospects, and their contribution to corporate and share value.