Review of the Validity of Strategic Shareholdings and Policy on Sales
First written in FY2019. 4 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year Unlisted shares, —; shares other than unlisted shares, 1; total sale proceeds relating to the decrease in the number of shares: ¥30 thousand」
For cross-shareholdings, the company reported a decrease in the number of shares held in 1 listed holding under its annual, holding-by-holding review of their rationale and its disposal policy. - FY2025AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: unlisted shares, —; shares other than unlisted shares, 1; total sale proceeds relating to the decrease in the number of shares: ¥40 million」
Based on its annual validation of the rationale for cross-shareholdings and its disposal policy, the company sold 1 listed holding for ¥40 million. - FY2024AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: unlisted shares, 1; total sale proceeds relating to the decrease in the number of shares: ¥1.23 million」
Based on the Board of Directors' validation of the rationale for cross-shareholdings and its disposal policy, the company sold 1 unlisted holding. - FY2022RestatedAnnual report
「Once a year, the Board of Directors individually reviews all shares held, including whether the purpose of holding each share and the benefits and risks associated with it are commensurate with the cost of capital, and confirms that continued ownership is appropriate. If the significance of a holding has diminished or the company determines that continued ownership is not justified, it proceeds to dispose of the shares under its disposal policy.」
The company has reconfirmed its annual, holding-by-holding review of the rationale for cross-shareholdings and its disposal policy when their significance or rationale has diminished. - FY2021AdvancedAnnual report
「Once a year, the Board of Directors individually reviews all shares held, including whether the purpose of holding each share and the benefits and risks associated with it are commensurate with the cost of capital, and confirms that continued ownership is appropriate. If the significance of a holding has diminished or the company determines that continued ownership is not justified, it proceeds to dispose of the shares under its disposal policy.」
The annual review of cross-shareholdings has been made more specific, stating that the benefits and risks are reviewed for each individual holding to determine whether they are commensurate with the cost of capital. - FY2019First statedAnnual report
「Once a year, the Board of Directors confirms that it is appropriate to continue holding all shares in its portfolio. If the significance of a holding has diminished or the company determines that continued ownership is not justified, it proceeds to dispose of the shares under its disposal policy.」
For cross-shareholdings, the company has presented, for the first time as a separate topic, the Board of Directors' annual validation of their rationale and the disposal policy applicable when their significance or rationale has diminished.