Holding Only the Minimum Necessary Strategic Shareholdings and Monthly Board Verification
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「For each strategic shareholding, the Company also assesses the potential to enhance corporate value over the medium to long term based on transaction performance, profitability, financial condition and operating performance, among other factors, and the Board of Directors decides periodically or as appropriate whether the holding remains meaningful and whether it should be continued.」
The policy of having the Board of Directors determine whether strategic shareholdings should be continued, based on transaction performance and profitability, among other factors, remains in place. - FY2024RestatedAnnual report
「For each strategic shareholding, the Company also assesses the potential to enhance corporate value over the medium to long term based on transaction performance, profitability, financial condition and operating performance, among other factors, and the Board of Directors decides periodically or as appropriate whether the holding remains meaningful and whether it should be continued.」
The policy of having the Board of Directors determine whether strategic shareholdings should be continued, based on transaction performance and profitability, among other factors, remains in place. - FY2023RestatedAnnual report
「For each strategic shareholding, the Company also assesses the potential to enhance corporate value over the medium to long term based on transaction performance, profitability, financial condition and operating performance, among other factors, and the Board of Directors decides periodically or as appropriate whether the holding remains meaningful and whether it should be continued.」
The policy of having the Board of Directors determine whether strategic shareholdings should be continued, based on transaction performance, profitability and financial condition, among other factors, remains in place. - FY2022RestatedAnnual report
「For each strategic shareholding, the Company also assesses the potential to enhance corporate value over the medium to long term based on transaction performance, profitability, financial condition and operating performance, among other factors, and the Board of Directors decides periodically or as appropriate whether the holding remains meaningful and whether it should be continued.」
The policy of having the Board of Directors determine periodically or as appropriate whether strategic shareholdings should be continued, based on transaction performance, profitability and financial condition, among other factors, remains in place. - FY2020SoftenedAnnual report
「For each strategic shareholding, the Company also assesses the potential to enhance corporate value over the medium to long term based on transaction performance, profitability, financial condition and operating performance, among other factors, and the Board of Directors decides periodically or as appropriate whether the holding remains meaningful and whether it should be continued.」
The comparison of the benefits and risks of strategic shareholdings with the cost of capital, the review of their rationale and the policy on sales remain in place, but the wording has been generalized from “reviewed by the Board of Directors every month” to “periodically or as appropriate.” - FY2019First statedAnnual report
「Strategic shareholdings will be limited to the minimum necessary. The Company will continue to hold shares for which the purpose of holding is appropriate and the benefits and risks associated with holding them are commensurate with the cost of capital. For shares that do not meet these criteria, the Company will sell them after determining the details of the sale method. In addition, the Board of Directors reviews each month whether the purpose of holding each individual security is appropriate and whether the associated benefits and risks are commensurate with the cost of capital, and verifies whether continued holding is appropriate.」
The policy of limiting strategic shareholdings to the minimum necessary and having the Board of Directors review the benefits and risks against the cost of capital for each security every month is disclosed as a standalone topic for the first time.