Verification of the Rationale for Strategic Shareholdings and Decisions on Whether to Retain or Sell Them
First written in FY2019. 1 of 2 entries say "Advanced", first in FY2020. Latest entry: FY2020.
- FY2020AdvancedAnnual report
「During the fiscal year, all holdings other than unlisted shares held for purposes other than pure investment were sold, following a resolution by the Board of Directors in June 2020 that the purpose of holding them, namely contributing to the enhancement of our medium- to long-term value, had diminished.」
The company states that, after reviewing the purpose of its holdings, it sold all listed shares whose contribution to medium- to long-term value was determined to have diminished. - FY2019First statedAnnual report
「With respect to investment securities held for purposes other than pure investment, our policy is to retain those holdings when we determine that owning the shares will contribute to enhancing our medium- to long-term value, through the establishment of stable business relationships or business alliances aimed at creating synergies, while selling them when we determine that the purpose of holding them has diminished.」
The company has disclosed for the first time its policy of deciding whether to retain or sell strategic shareholdings based on their contribution to medium- to long-term value through business relationships and business alliances.