Review and Reduction of Strategic Shareholdings Held to Support Business Relationships and Enhance Corporate Value
First written in FY2019. 6 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The rationality of the holdings is verified at the December 2025 meeting of the Board of Directors by comprehensively evaluating, for each issue, the appropriateness of the holding purpose, holding risks based on the investee company's performance and financial condition, unrealised gains and losses, and investment returns from transactions and dividends.」
The disclosure was updated from the previous review conducted in December 2024, and the rationality of each individual holding was also reviewed at the December 2025 meeting of the Board of Directors. 10,000 shares of 三井金属 were changed to shares held for pure investment purposes. - FY2025AdvancedAnnual report
「Total sale proceeds related to reductions in the number of shares Shares other than unlisted shares 4 —」
The rationality of each individual strategic holding was reviewed at the December 2024 meeting of the Board of Directors. The number of shares declined for 4 issues, and 5 issues were changed from strategic holdings to shares held for pure investment purposes. - FY2024AdvancedAnnual report
「The rationality of the holdings is verified at the December 2023 meeting of the Board of Directors by comprehensively evaluating, for each issue, the appropriateness of the holding purpose, holding risks based on the investee company's performance and financial condition, unrealised gains and losses, and investment returns from transactions and dividends.」
It was stated that the rationality of each individual strategic holding was reviewed at the December 2023 meeting of the Board of Directors. The number of shares declined for 2 issues other than unlisted shares, 1 issue was changed to shares held for pure investment purposes, and holdings in 1 issue were terminated. - FY2023AdvancedAnnual report
「The rationality of the holdings is verified at the December 2022 meeting of the Board of Directors by comprehensively evaluating, for each issue, the appropriateness of the holding purpose, holding risks based on the investee company's performance and financial condition, unrealised gains and losses, and investment returns from transactions and dividends.」
The disclosure was updated from the previous review conducted in December 2021, indicating that the rationality of each individual strategic holding was also reviewed at the December 2022 meeting of the Board of Directors. - FY2022AdvancedAnnual report
「The rationality of the holdings is verified at the December 2021 meeting of the Board of Directors by comprehensively evaluating, for each issue, the appropriateness of the holding purpose, holding risks based on the investee company's performance and financial condition, unrealised gains and losses, and investment returns from transactions and dividends.」
The disclosure was updated from the previous review conducted in December 2020, indicating that the rationality of each individual strategic holding was also reviewed at the December 2021 meeting of the Board of Directors. - FY2021AdvancedAnnual report
「The rationality of the holdings is verified at the December 2020 meeting of the Board of Directors by comprehensively evaluating, for each issue, the appropriateness of the holding purpose, holding risks based on the investee company's performance and financial condition, unrealised gains and losses, and investment returns from transactions and dividends.」
It was stated that, in addition to the existing annual review policy for strategic shareholdings, the rationality of each individual holding was actually reviewed at the December 2020 meeting of the Board of Directors. - FY2019First statedAnnual report
「The company holds strategic shareholdings to enhance its medium- to long-term corporate value by maintaining and strengthening business relationships involving product sales, purchases of principal and auxiliary raw materials, financing and other transactions, and by promoting smooth business operations. In addition, the company periodically reviews each strategic shareholding at meetings of the Board of Directors every year, comprehensively evaluating the appropriateness of the holding purpose, holding risks based on the investee company's performance and financial condition, unrealised gains and losses, and investment returns from transactions and dividends. Under this policy, the company progressively converts shares it determines to have diminished strategic significance from strategic holdings to shares held for pure investment purposes, or sells them.」
The purpose of strategic shareholdings, the annual individual reviews by the Board of Directors, and the policy of converting or selling shares whose strategic significance has diminished were presented together for the first time.