Reviewing the Rationale for and Reducing Cross-Shareholdings

「Shares other than unlisted shares 1 368 Acquired for the purpose of business development from a medium- to long-term perspective.」

「Shares other than unlisted shares 1 198 Acquired to promote DX in manufacturing, development, quality assurance and other areas from a medium- to long-term perspective.」

「Our primary purpose in holding investment shares other than for pure investment purposes is to maintain and strengthen business relationships with the issuing companies. However, for shares whose holding we determine to have insufficient significance, we seek to reduce our holdings through sales or other measures. In addition, the Board of Directors decides, from a medium- to long-term perspective, whether to acquire and continue holding each investment share held for purposes other than pure investment, taking into account its purpose of holding, returns such as dividend income associated with the holding, and whether the risk of share-price fluctuations is commensurate with the cost of capital.」