Regular Review of Shares Held for Policy Purposes to Maintain and Strengthen Business Relationships
First written in FY2019. 1 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2023.
- FY2023No shareholdingsAnnual report
「Shares other than unlisted shares - -」
The company sold its holdings in Daido Steel and Kobe Steel, leaving no strategic shareholdings, either unlisted or listed, at the end of the fiscal year. The reduction in holdings was demonstrated in practice under the policy of making no additional acquisitions. - FY2022ReframedAnnual report
「From the perspective of mitigating the risks associated with shareholdings, our basic policy is not to make additional acquisitions of strategic shareholdings.」
In addition to regular reviews of strategic shareholdings, a policy of making no additional acquisitions was explicitly stated from the perspective of risk mitigation. - FY2021RestatedAnnual report
「With respect to the shares we hold, the Board of Directors conducts a regular annual review of the significance of the holdings. Based on the review as of 28 April 2021, we confirmed that the shares currently held provide benefits consistent with the purpose of the holdings.」
For strategic shareholdings, the Board of Directors conducted its regular review as of 28 April 2021 and confirmed that the shares currently held remain aligned with their purpose. - FY2020AdvancedAnnual report
「With respect to the shares we hold, the Board of Directors conducts a regular annual review of the significance of the holdings. Based on the review as of 28 April 2020, we confirmed that the shares currently held provide benefits consistent with the purpose of the holdings.」
For strategic shareholdings, the Board of Directors conducted its regular review as of 28 April 2020 and confirmed that the shares currently held remain aligned with their purpose. - FY2019First statedAnnual report
「With respect to the shares we hold, the Board of Directors conducts a regular annual review of the purpose of the holdings, including maintaining and strengthening business relationships, as well as the associated benefits and risks, from both qualitative and quantitative perspectives.」
A policy was described under which the Board of Directors reviews the purpose, benefits and risks of strategic shareholdings annually.