Verification of the Rationale for Strategic Shareholdings and Policy on Reducing Them
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2025.
49 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For policy-held shares, the Board of Directors annually reviews the significance and economic rationale of each individual policy-held investment based on the policy described above.」
For policy-held shares, the company continues to conduct an annual review of their rationale and maintains a policy of selling holdings whose significance and economic rationale have diminished. - FY2024RestatedAnnual report
「For policy-held shares, the Board of Directors annually reviews the significance and economic rationale of each individual policy-held investment based on the policy described above. The Board of Directors has also confirmed that holdings whose economic rationale and significance as policy holdings have diminished will be sold after discussions with the companies concerned.」
The company continues to review policy-held shares annually and maintains a policy of selling holdings whose significance and economic rationale have diminished. - FY2023RestatedAnnual report
「For policy-held shares, the Board of Directors annually verifies each individual policy-held investment to determine whether the return on invested capital is significantly below the cost of capital. The Board of Directors has also confirmed that holdings whose economic rationale and significance as policy holdings have diminished will be sold after discussions with the companies concerned.」
The company continues to review policy-held shares annually and maintains a policy of selling holdings whose significance has diminished. - FY2022First statedAnnual report
「The policy is to sell policy-held shares if they are not deemed to contribute to enhancing corporate value. For policy-held shares, the Board of Directors annually verifies each individual policy-held investment to determine whether the return on invested capital is significantly below the cost of capital.」
For policy-held shares held to maintain or strengthen business relationships and for other purposes, the company has newly disclosed a policy of conducting an annual review against the cost of capital and selling holdings whose significance has diminished.