Verification of the Rationale for Strategic Shareholdings and Exercise of Voting Rights
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Central Japan Railway Company 966,600 － In addition to services for Tokyu Harvest Club members and services related to creating relationship populations, we plan to continue promoting business collaboration across the Group and seek to maintain and strengthen good relationships.」
The Company newly held 966,600 shares of Central Japan Railway Company, with member services, the creation of relationship populations and business collaboration across the Group stated as the purposes of the holding. - FY2025AdvancedAnnual report
「East Japan Railway Company 1,195,200 398,400 In addition to the housing and renewable energy businesses, we plan to continue promoting business collaboration across the Group and seek to maintain and strengthen good relationships.」
The number of shares held in East Japan Railway Company increased from 398,400 to 1,195,200, with business collaboration including housing and renewable energy stated as the purpose of the holding. - FY2024AdvancedAnnual report
「Stocks whose number of shares increased during the fiscal year Stocks other than unlisted shares 1 3,488 Because we plan to continue promoting business collaboration across the Group and seek to maintain and strengthen good relationships.」
The Company disclosed the new acquisition of 398,400 shares of East Japan Railway Company, with a carrying value of ¥3,488 million, as a cross-shareholding. - FY2020RestatedAnnual report
「With respect to holding these shares, we regularly assess quantitatively, in addition to verifying whether the holdings are appropriate in light of their purpose, the benefits and risks associated with holding them and the cost of capital, and report the results to the Board of Directors.」
Quantitative assessments of the benefits, risks and cost of capital associated with cross-shareholdings, together with reporting to the Board of Directors, are ongoing. - FY2019First statedAnnual report
「With respect to holding these shares, we regularly assess quantitatively, in addition to verifying whether the holdings are appropriate in light of their purpose, the benefits and risks associated with holding them and the cost of capital, and report the results to the Board of Directors. With respect to exercising voting rights attached to held shares, we exercise voting rights on all proposals after making an individual determination as to whether doing so would contribute to increasing the shareholder value of our Group and whether it is appropriate in light of the purpose of our shareholdings.」
For cross-shareholdings, the Company has established a mechanism for regularly conducting quantitative assessments of the benefits, risks and cost of capital, reporting the results to the Board of Directors, and making individual decisions on the exercise of voting rights.