Strategic Shareholdings Based on Corporate Value Enhancement
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「Under its holding policy, the company makes a comprehensive assessment of its business strategy, business relationships and other factors, and may hold shares only when it determines that they will contribute to enhancing the corporate value of the group from a medium- to long-term perspective, specifically including its major customers, the top 10 sales counterparties, and business-strategy considerations such as new product development.」
For strategic shareholdings, the company reconfirmed its policy of verifying the relationship with major customers and new product development, as well as compatibility with the cost of capital, and keeping holdings to the minimum necessary. - FY2019RestatedAnnual report
「Under its holding policy, the company may hold shares only when, based on a comprehensive assessment of its business strategy, business relationships and other factors, it determines from a medium- to long-term perspective that the holdings will contribute to enhancing the corporate value of the group.」
The company reconfirmed its policy of using enhanced corporate value as the criterion for strategic shareholdings. It also stated that it regularly reviews the benefits and risks of each holding and its compatibility with the cost of capital, and keeps holdings to the minimum necessary. - FY2018RestatedAnnual report
「The company may hold listed shares as strategic shareholdings only when, based on a comprehensive assessment of its business strategy, business relationships and other factors, it determines from a medium- to long-term perspective that the holdings will contribute to enhancing the corporate value of the group.」
The policy on strategic shareholdings based on enhancing corporate value and the voting policy were reconfirmed. - FY2016First statedAnnual report
「The company holds listed shares as strategic shareholdings only when, based on a comprehensive assessment of its business strategy, business relationships and other factors, it determines from a medium- to long-term perspective that the holdings will contribute to enhancing the corporate value of the group.」
The criteria for strategic shareholdings and the voting policy were disclosed.