Verification of the Rationale for Strategic Shareholdings and Reduction of Holdings
First written in FY2019. 9 of 10 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「The company reduced 2 issues other than unlisted shares, with total sale proceeds of ¥1.099 billion.」
Based on its policy of individually reviewing and reducing strategic shareholdings, the company sold 2 listed issues and other securities, with total sale proceeds of ¥1.099 billion. - FY2024AdvancedAnnual report
「The company reduced 5 issues other than unlisted shares, with total sale proceeds of ¥3.363 billion.」
Based on its policy of individually reviewing and reducing strategic shareholdings, the company sold 5 listed issues and other securities. - FY2024-Q3AdvancedAnnual report
「Decrease of ¥1.621 billion in investment securities due to the sale of strategic shareholdings and other factors」
The company continued to review and sell strategic shareholdings, resulting in a ¥1.621 billion decrease in investment securities. - FY2024-Q2AdvancedAnnual report
「At a Board of Directors meeting held on 31 October 2023, the company resolved to sell the investment securities it held, comprising 4 listed securities.」
To improve asset efficiency and strengthen its financial position by reviewing strategic shareholdings, the company resolved to sell 4 listed securities. It plans to record a gain on sale of ¥2.4 billion in the fiscal year ending March 2024. - FY2023AdvancedAnnual report
「The company reduced 6 issues other than unlisted shares, with total sale proceeds of ¥2.49 billion.」
Based on its policy of reviewing strategic shareholdings, the company sold 6 listed issues and other securities. At the same time, it also acquired shares to strengthen cooperation with venture companies and for capital and business alliances. - FY2022AdvancedAnnual report
「The company reduced 9 issues other than unlisted shares, with total sale proceeds of ¥682 million.」
Based on its policy of reviewing strategic shareholdings, the company sold 9 listed issues and other securities, with total sale proceeds of ¥682 million. - FY2021AdvancedAnnual report
「Every fiscal year, the company verifies for each individual shareholding whether the associated benefits and risks are commensurate with the cost of capital, and reviews the appropriateness of the holding based on whether it serves purposes such as maintaining medium- to long-term relationships, expanding transactions and creating synergies. For shares whose appropriateness cannot be established through the review, the company seeks to improve profitability and reduces holdings that are deemed difficult to improve.」
The company continued its policy of individually reviewing strategic shareholdings and reducing holdings whose appropriateness could not be established, and during the fiscal year sold 4 issues other than unlisted shares. - FY2021-Q3AdvancedAnnual report
「In January 2021, the company sold the investment securities it held, comprising 4 listed securities." (1) Reason for sale of investment securities To improve asset efficiency and strengthen the financial position by reviewing strategic shareholdings in accordance with the Corporate Governance Code." (4) Impact on profit and loss The company plans to record a gain on sales of investment securities of ¥712 million as extraordinary income in the fourth-quarter consolidated accounting period.」
Based on its policy of reviewing strategic shareholdings, the company sold 4 listed securities and plans to record a gain on sale of ¥712 million in the fourth quarter. - FY2020AdvancedAnnual report
「For shares whose appropriateness cannot be established through the review, the company will seek to improve profitability and reduce holdings that are deemed difficult to improve.」
The company continued its policy of reviewing each strategic shareholding every fiscal year. During the fiscal year, it reduced 1 unlisted issue and 8 listed issues, with total sale proceeds of ¥609 million. - FY2019First statedAnnual report
「Going forward, the company will verify for each individual shareholding whether the associated benefits and risks are commensurate with the cost of capital, as well as whether the holding is consistent with its purposes, such as maintaining medium- to long-term relationships, expanding transactions and creating synergies. For shares whose appropriateness cannot be established through the review, the company will seek to improve profitability and reduce holdings that are deemed difficult to improve.」
The company stated for the first time its policy of comparing the benefits and risks of strategic shareholdings with the cost of capital, verifying their alignment with the purposes of ownership, and reducing holdings with limited justification.