Reviewing the Rationale for Cross-Shareholdings and Reducing Them
First written in FY2020. . Latest entry: FY2026.
- FY2026Updated cross-shareholding informationAnnual report
「Shares other than unlisted shares 2 2,605,296」
Reduced listed shares held for strategic purposes from the previous 4 issues to 2, with a total carrying amount on the balance sheet of ¥2,605,296 thousand. Sold all shares of Technos Japan. - FY2025Updated cross-shareholding informationAnnual report
「We hold listed shares for strategic purposes only where maintaining and expanding our services and commodity trading operations, among others, is expected to be beneficial and important. We will reduce strategic shareholdings where the rationale for holding them is insufficient or where they are inconsistent with our capital policies.」
Disclosed 4 listed strategic shareholdings with a total carrying amount on the balance sheet of ¥3,005,144 thousand. Changed the purpose of holding shares in Business Engineering from strategic purposes to investment purposes. - FY2024Updated cross-shareholding informationAnnual report
「Shares other than unlisted shares 5 5,144,097 Each year, the Board of Directors verifies all listed shares held for strategic purposes, assessing whether the benefits and risks of holding them are commensurate with the cost of capital and whether transactions with strategic shareholders are economically rational, among other factors, and evaluates whether the holdings should be retained.」
Disclosed 5 listed strategic shareholdings with a total carrying amount on the balance sheet of ¥5,144,097 thousand. Acquired 138,000 shares of Technos Japan for collaboration and overseas sales purposes. - FY2020First statedAnnual report
「We hold listed shares for strategic purposes only where maintaining and expanding our services and commodity trading operations, among others, is expected to be beneficial and important. We will reduce strategic shareholdings where the rationale for holding them is insufficient or where they are inconsistent with our capital policies. Each year, the Board of Directors verifies all listed shares held for strategic purposes, assessing whether the benefits and risks of holding them are commensurate with the cost of capital and whether transactions with strategic shareholders are economically rational, among other factors, and evaluates whether the holdings should be retained.」
Outlined a policy of limiting strategic shareholdings to cases deemed beneficial and important, reducing holdings where the rationale is insufficient or inconsistent with capital policy, and verifying the rationale for holdings annually through the Board of Directors.