Verification of the Rationale for Strategic Shareholdings and Their Sale
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「As a result of the review, the company resolved to sell and carried out the sale of 2 issues during the fiscal year. It will continue to consider the timing of sales and other details for the remaining issues.」
Regarding the policy-held shares for which a sales policy was stated in the previous fiscal year, the company resolved to sell and carried out the sale of 2 issues during the current year, and stated that it would consider the timing of sales and other details for the remaining issues. - FY2025AdvancedAnnual report
「As a result of the review, the company determined that each issue would contribute to improving its corporate value over the medium to long term, but decided to sell them in view of the recent reduction in policy-held shares. The timing of the sales and other details will be considered going forward.」
The policy changed from the previous fiscal year, when the company planned to continue holding all issues. Although it recognized their contribution to improving corporate value, it decided on a policy of selling them in view of the reduction in policy-held shares. - FY2024Confirmed continued ownership of all policy-held sharesAnnual report
「As a result of the review, the company determined that each issue would contribute to improving its corporate value over the medium to long term and continues to hold all of them.」
At a Board of Directors meeting held on 29 November 2023, the company reviewed whether its policy-held shares should continue to be held and determined that all issues would continue to be held during the fiscal year. - FY2020AdvancedAnnual report
「As a result of the review, TOAGOSEI CO.,LTD. had been held to maintain cooperative relationships in the stable procurement of raw materials and product development. However, in addition to the decline in transactions, the company determined that the significance of continued ownership had diminished because no results from product development were expected in the near term. DAIWA HOUSE INDUSTRY CO.,LTD. had been held while the company explored expanding film sales to the housing equipment market following its withdrawal from the wallpaper business, but it determined that the significance of continued ownership had diminished in view of the lack of results. Accordingly, the company resolved to sell the above 2 issues and sold them for ¥81 million during the fiscal year.」
The company reviewed its policy-held shares and sold 2 issues, TOAGOSEI CO.,LTD. and DAIWA HOUSE INDUSTRY CO.,LTD. The sale proceeds were ¥81 million, with both the number of issues and the amount exceeding the previous year's sales. - FY2019First statedAnnual report
「For investment securities held for purposes other than pure investment, the Board of Directors reviews each year whether they should continue to be held, taking a comprehensive view of their strategic importance and business relationships, and considering whether they will contribute to improving our corporate value over the medium to long term. As a result, we will proceed with selling shares whose continued ownership is deemed to have diminished significance, taking into account the circumstances of the companies concerned. During the fiscal year, we sold 2 issues for ¥31 million.」
The company states for the first time that the Board of Directors reviews each year whether policy-held shares should continue to be held, based on their strategic importance and business relationships, and that shares with limited significance for continued ownership will be sold. It also reports the sale of 2 issues for ¥31 million during the year.