Verification of the Benefits of Strategic Shareholdings and Their Reduction
First written in FY2020. 4 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
105 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the current fiscal year, the Board of Directors verified the rationality of the Company's shareholdings at its meeting held in July 2025 using the method described above.」
The company continued its quantitative and qualitative verification of strategic shareholdings using the cost of capital, ROE, dividend yield, transaction volume and other measures, and sold 2 issues during the year. - FY2025AdvancedAnnual report
「In the current fiscal year, the Board of Directors verified the rationality of the Company's shareholdings at its meeting held in July 2024 using the method described above.」
The company continued its quantitative and qualitative verification of strategic shareholdings by the Board of Directors, sold 4 issues during the year, and sold all shares of Sanwa TechnoS Co., Ltd. - FY2024AdvancedAnnual report
「The rationality of holding shares is assessed periodically by the Board of Directors through qualitative verification, including the significance of holding each share and its economic rationality from a medium- to long-term perspective, as well as quantitative verification of whether the book value and fair value, dividends received and dividend yield, each company's ROE (return on equity), annual transaction volume and other factors are commensurate with the Company's cost of capital. As a result of the verification, the Company intends to reduce its holdings, including by selling shares as appropriate where the rationality of holding them is not recognized.」
The company continued its quantitative and qualitative verification of strategic shareholdings, including comparisons with the cost of capital, and partially sold 1 issue for ¥44 million in FY2024. - FY2021AdvancedAnnual report
「For listed shares held for purposes other than pure investment as of the end of March 2021, the Board of Directors conducted the above verification. It decided to sell certain shares because the benefits of holding them had, among other reasons, become diluted, and sold 4 issues between May and July 2021.」
The company verified the benefits of its strategic shareholdings at Board meetings and specified a reduction plan involving the sale of 4 issues between May and July 2021. - FY2020First statedAnnual report
「For listed shares held for purposes other than pure investment as of the end of March 2020, the Board of Directors conducted the above verification. It decided to sell certain shares because the benefits of holding them had, among other reasons, become diluted, and sold 5 issues.」
The company disclosed for the first time specific measures to verify the benefits of holding shares at Board meetings and sell 5 issues where those benefits had become diluted.