Holding Only the Minimum Necessary Cross-Shareholdings and Conducting an Annual Rationale Assessment
First written in FY2019. 4 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the stocks whose number of shares decreased comprised 1 unlisted stock and 2 stocks other than unlisted stocks, with total proceeds from sales related to the decrease amounting to ¥11,388 million.」
Based on its policy of reviewing the rationale for and reducing strategic shareholdings, the company sold 2 listed stocks and 1 unlisted stock, generating total sale proceeds of ¥11,388 million. - FY2025AdvancedAnnual report
「During the fiscal year, the stocks whose number of shares decreased comprised 1 stock other than an unlisted stock, with total proceeds from sales related to the decrease amounting to ¥7,820 million.」
Based on its policy of holding strategic shares only to the minimum necessary and reviewing their rationale, the company sold 1 listed stock, generating total sale proceeds of ¥7,820 million. - FY2023RestatedAnnual report
「The company limits its holdings of shares held for purposes other than pure investment to the minimum necessary, and holds them only when it determines that they are necessary for the smooth advancement of the business and for building and strengthening long-term, stable relationships with business partners in product development, manufacturing and sales, and that they will contribute to sustainable growth and the enhancement of corporate value over the medium to long term.」
The company reaffirmed its policy of limiting strategic shareholdings to the minimum necessary and reviewing their rationale annually in light of the cost of capital. There was no increase or decrease in the number of shares during the fiscal year. - FY2022RestatedAnnual report
「Every year, the Board of Directors assesses the appropriateness of holding each individual stock by reviewing its holding purpose, the volume of transactions in the metalworking machinery business and the status of financial transactions, and its risk-return profile in light of the cost of capital. The policy is to proceed with selling shares whose holding significance is not considered sufficient.」
The company reaffirmed its policy of limiting strategic shareholdings to the minimum necessary and proceeding with sales based on annual reviews by the Board of Directors. It stated that no stocks had decreased in number during the fiscal year. - FY2021AdvancedAnnual report
「Every year, the Board of Directors assesses the appropriateness of holding each individual stock by reviewing its holding purpose, the volume of transactions in the metalworking machinery business and the status of financial transactions, and its risk-return profile in light of the cost of capital. The policy is to proceed with selling shares whose holding significance is not considered sufficient.」
The company reaffirmed its policy of reviewing the rationale for strategic shareholdings annually and reducing them, and sold 5 stocks other than unlisted stocks during the fiscal year. - FY2020AdvancedAnnual report
「During the fiscal year, the number of shares declined for 1 unlisted stock and 6 stocks other than unlisted stocks, with total sale proceeds of ¥359 million.」
In line with its policy of reducing strategic shareholdings, the Company sold 6 listed stocks and recorded total sale proceeds of ¥359 million. It stated that it had sold all shares of Resona Holdings. - FY2019First statedAnnual report
「The Company holds shares for purposes other than pure investment only when it determines that they are necessary for smooth business operations, for establishing and strengthening long-term, stable relationships with business partners in product development, manufacturing and sales, and for sustainable growth and the enhancement of corporate value over the medium to long term. Such holdings are limited to the minimum necessary. Each year, the Board of Directors determines the appropriateness of each holding by reviewing its purpose, transaction status, and risk and return in light of the cost of capital.」
The Company has stated for the first time its policy of limiting strategic shareholdings to the minimum necessary and having the Board of Directors review their rationale annually for each issue, taking into account the purpose of holding, transaction status, and cost of capital.