Policy on Holding Shares for Policy Purposes and Verification of Their Economic Rationale
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「(Holdings for which the number of shares decreased during the current fiscal year) Shares other than unlisted shares 1 178,126」
The Company continues its policy on strategic shareholdings and its assessment through comparison with the cost of capital. During the current fiscal year, it sold 1 holding other than unlisted shares and recorded sale proceeds of ¥178 million. - FY2024AdvancedAnnual report
「(Holdings for which the number of shares decreased during the current fiscal year) Shares other than unlisted shares 1 51,413」
The Company continues its policy on strategic shareholdings and its assessment through comparison with the cost of capital. During the current fiscal year, it sold 1 holding other than unlisted shares for ¥51 million. - FY2021RestatedAnnual report
「The Company holds shares for strategic purposes only when it determines that doing so will contribute to the medium-term enhancement of corporate value, from the perspective of maintaining and strengthening stable, long-term business relationships with customers, business partners and others. The Company reports its strategic shareholdings to the Board of Directors once a year and assesses the economic rationale for each holding by comparing the benefits of holding it, including dividends received and profits from business transactions, with the Company’s cost of capital. It then determines whether to continue holding each share after comprehensively considering the maintenance and strengthening of business relationships and the medium- to long-term benefits of holding the shares.」
The Company continues its policy of limiting strategic shareholdings to cases that contribute to maintaining and strengthening business relationships or enhancing corporate value over the medium to long term, annual reporting to the Board of Directors, and assessment through comparison with the cost of capital. - FY2020AdvancedAnnual report
「The Company holds shares for strategic purposes only when it determines that doing so will contribute to the medium-term enhancement of corporate value, from the perspective of maintaining and strengthening stable, long-term business relationships with customers, business partners and others. The Company reports its strategic shareholdings to the Board of Directors on a regular basis and assesses the economic rationale for each holding by comparing the benefits of holding it, including dividends received and profits from business transactions, with the Company’s cost of capital. It then determines whether to continue holding each share after comprehensively considering the maintenance and strengthening of business relationships and the medium- to long-term benefits of holding the shares. (Holdings for which the number of shares decreased during the current fiscal year) Shares other than unlisted shares 2 25,005」
The Company reconfirms its policy on strategic shareholdings and its assessment through comparison with the cost of capital, and discloses the sale of 2 holdings during the current fiscal year. - FY2019First statedAnnual report
「The Company holds shares for strategic purposes only when it determines that doing so will contribute to the medium-term enhancement of corporate value, from the perspective of maintaining and strengthening stable, long-term business relationships with customers, business partners and others. The Company reports its strategic shareholdings to the Board of Directors on a regular basis and assesses the economic rationale for each holding by comparing the benefits of holding it, including dividends received and profits from business transactions, with the Company’s cost of capital. It then determines whether to continue holding each share after comprehensively considering the maintenance and strengthening of business relationships and the medium- to long-term benefits of holding the shares.」
For the first time, the Company records its policy of limiting strategic shareholdings to cases that contribute to maintaining and strengthening business relationships or enhancing corporate value over the medium to long term, its regular reporting to the Board of Directors, and its assessment of economic rationale by comparison with the cost of capital.