Verification of the Rationale for Strategic Shareholdings and Policy of Reducing Them
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026Increase in the number and value of additional purchases of cross-shareholdingsAnnual report
「Stocks with an increase in the number of shares held during the fiscal year Shares other than unlisted shares 3 329 To maintain and strengthen business relationships」
While maintaining its policy of reviewing the rationale for holdings and reducing them, the company additionally purchased shares in 3 stocks with a total acquisition cost of ¥329 million to maintain and strengthen business relationships. The disclosure also mentions purchases of shares in Shin-Etsu Chemical and Tokyo Ohka Kogyo. - FY2024Additional share purchases to strengthen business relationshipsAnnual report
「The company has additionally purchased shares to further strengthen its ongoing business relationships.」
While maintaining its policy of reducing cross-shareholdings, the company additionally purchased shares in Nippon Zeon to strengthen its business relationship. In its year-end review, it determined that all of its holdings were consistent with its policy. - FY2022RestatedAnnual report
「Based on the review as of 31 March 2022, the company determined that all of its shareholdings were held for purposes consistent with its ownership policy.」
For cross-shareholdings, the company conducts an annual stock-by-stock review and has determined that all of its holdings are consistent with its policy. - FY2021RestatedAnnual report
「Based on the review as of 31 March 2021, the company determined that all of its shareholdings were held for purposes consistent with its ownership policy.」
For cross-shareholdings, the company conducts an annual stock-by-stock review and has determined that all of its holdings are consistent with its policy. - FY2020RestatedAnnual report
「Based on the review as of 31 March 2020, the company determined that all of its shareholdings were held for purposes consistent with its ownership policy.」
For cross-shareholdings, the company conducts an annual stock-by-stock review and has determined that all of its holdings are consistent with its ownership policy. - FY2019First statedAnnual report
「The company's shareholdings consist of shares for which maintaining and strengthening business relationships and facilitating transactions through share ownership are recognised as contributing to the enhancement of corporate value. In accordance with its policies and other rules, the company verifies each fiscal year, on an individual stock-by-stock basis, whether continued ownership contributes to corporate value, taking into account business benefits based on the status of transactions with each investee, the market value of the shares, dividend income and other economic rationale, and the cost of capital. For holdings whose rationale is not confirmed, the company will reduce them or take other action, taking economic conditions, gains and losses on transfers and other factors into account.」
For cross-shareholdings, the company specifies the purpose related to business relationships, conducts an annual stock-by-stock review, and sets out a policy of reducing holdings when their rationale cannot be confirmed.