Review and Reduction Policy for Strategic Shareholdings
First written in FY2019. 5 of 8 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「In fiscal 2025, the company sold 2 issues worth ¥16.5 billion, including deemed shareholdings. As a result, the ratio to net assets, including deemed shareholdings, was 18.0% as of the fiscal year ended March 2026. Going forward, it will continue reducing its holdings, targeting 15% by fiscal 2026 and 10% or less over the long term.」
The company sold 2 issues worth ¥16.5 billion in fiscal 2025, reducing the strategic shareholding ratio to 18.0%. The targets of 15% by fiscal 2026 and 10% or less over the long term remain in place. - 2026-05-15AdvancedResults presentation
「2025年度において2銘柄165億円分を売却 2026年3月末における純資産比率は18.0％」
政策保有株式について、2025年度の売却実績と2026年3月末の純資産比率が追加開示され、2026年度15％、2030年10％の縮減目標が継続して示されている。 - FY2025AdvancedAnnual report
「In fiscal 2024, the company sold 6 issues worth ¥24.1 billion, reducing the ratio to net assets, including deemed shareholdings, to 17.7%. Going forward, it will continue reducing its holdings, targeting 15% by fiscal 2026 and 10% or less over the long term.」
For strategic shareholdings, the company sold 6 issues worth ¥24.1 billion in fiscal 2024, reducing the ratio to net assets to 17.7%. The targets of 15% by fiscal 2026 and 10% or less over the long term remain in place. - FY2025-H1RestatedAnnual report
「Financial assets measured at fair value through other comprehensive income」
No material change to the policy of reducing strategic shareholdings has been stated. - FY2024AdvancedAnnual report
「In fiscal 2023, the company sold 4 issues worth ¥35.7 billion to bring strategic shareholdings, including deemed shareholdings, to 20% or less of net assets, but the ratio rose to 23.4% due to higher share prices. Going forward, the company will continue reducing its holdings, targeting 15% by fiscal 2026 and 10% or less over the long term.」
The company sold 4 issues worth ¥35.7 billion and set new reduction targets for strategic shareholdings of 15% by fiscal 2026 and 10% or less over the long term. However, the ratio for the current fiscal year was 23.4% due to higher share prices. - FY2024-Q2RestatedAnnual report
「Investment securities increased due to an increase in the market value of shares held.」
No change to the policy of reducing strategic shareholdings has been stated. The balance of investment securities has increased due to higher market values of the holdings. - FY2022AdvancedAnnual report
「Under the 2023 Medium-Term Management Plan, the company decided to reduce the amount of strategic shareholdings, excluding deemed shareholdings, to 20% or less of net assets, with a long-term target of 10%. In fiscal 2021, the first year of the plan, it reduced its holdings by 6 issues worth ¥7.4 billion, bringing the amount of strategic shareholdings, excluding deemed shareholdings, to 18.8% of net assets, below 20%.」
For strategic shareholdings, the company sold 6 issues worth ¥7.4 billion in fiscal 2021, reducing the ratio excluding deemed shareholdings to 18.8% of net assets and achieving the target of 20% or less. The long-term target is 10%. - FY2019First statedAnnual report
「We intend to reduce our holdings of shares that are determined not to contribute to increasing corporate value. Each year, the Board of Directors reviews whether individual strategic shareholdings should be retained, taking into account the purpose of holding them and the returns and risks of holding them from a medium- to long-term perspective.」
For strategic shareholdings, the company has stated for the first time its policy of reviewing the need to retain them annually at Board of Directors meetings and reducing holdings determined not to contribute to increasing corporate value.