Review of the Rationale for Holding Strategic Shareholdings
First written in FY2023. 1 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
- FY2026Change from cross-shareholdings to holdings for pure investment purposesAnnual report
「With a view to improving capital efficiency and reviewing held assets, the company verified the rationale for the holdings and, as a result, changed the holding purpose of the investment shares during the fiscal year from purposes other than pure investment to pure investment.」
For 29,000 shares of 株式会社テラスカイ, the holding purpose was changed from strategic shareholding to pure investment. The results of the verification of the rationale for the holding were disclosed through the actual change in holding purpose. - FY2025AdvancedAnnual report
「In addition, the rationale for acquiring and holding shares is regularly scrutinized and verified by the Board of Directors, including the appropriateness of the holding purpose and whether the benefits and risks associated with the holdings are commensurate with the cost of capital.」
The annual disclosure specifically confirmed the regular verification by the Board of Directors of the holding purpose of cross-shareholdings and their consistency with the benefits, risks and cost of capital. - FY2023First statedAnnual report
「The rationale for acquiring and holding shares is regularly scrutinized and verified by the Board of Directors, including the appropriateness of the holding purpose and whether the benefits and risks associated with the holdings are commensurate with the cost of capital.」
While maintaining a policy of holding shares that are important to the business, the company explicitly stated for the first time its policy of regularly verifying at Board of Directors meetings the holding purpose and its consistency with the benefits, risks and cost of capital.