Reviewing the Rationale for Strategic Shareholdings Held to Strengthen Business Relationships
First written in FY2019. 5 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the company sold its holdings in 2 stocks and reviewed its holding level. It also conducted an individual review at the Board of Directors meeting held on 24 April 2026 of the appropriateness of holding each stock held as of 31 March 2026.」
Regarding cross-shareholdings, the company sold 2 stocks and individually reviewed the appropriateness of holding each stock on 24 April 2026. It also made a ¥499 million investment in 1 unlisted stock. - FY2025AdvancedAnnual report
「During the fiscal year, the company sold its holdings in 4 stocks and reviewed its holding level. It also conducted an individual review at the Board of Directors meeting held on 26 May 2025 of the appropriateness of holding each stock held as of 31 March 2025.」
Regarding cross-shareholdings, the company sold 4 stocks in FY2025 and conducted individual reviews on 26 May 2025. In addition, as a subsequent event, it indicated a policy of selling listed securities as part of its response to management that is conscious of the cost of capital and share price, with an expected gain on sale of approximately ¥4.7 billion. - FY2023AdvancedAnnual report
「During the fiscal year, the company sold its holdings in 3 stocks and reviewed its holding level. It also conducted an individual review at the Board of Directors meeting held on 23 May 2023 of the appropriateness of holding each stock held as of 31 March 2023.」
Regarding cross-shareholdings, the company sold 3 stocks in FY2023, compared with 1 stock in the previous fiscal year, and individually reviewed the appropriateness of its holdings on 23 May 2023. - FY2022Continued annual reviews and sale of 1 stockAnnual report
「During the fiscal year, the company sold its holdings in 1 stock and reviewed its holding level, while the Board of Directors individually reviewed the appropriateness of continuing to hold each stock held as of 31 March 2022 at its meeting on 20 May 2022.」
Regarding cross-shareholdings, the company sold 1 stock during the fiscal year and reviewed its holding level, and the Board of Directors individually reviewed the appropriateness of its holdings on 20 May 2022. - FY2021AdvancedAnnual report
「During the fiscal year, the company sold part of its holdings in 1 stock and reviewed its holding level. In addition, following an individual review by the Board of Directors at its meeting on 21 May 2021 of the appropriateness of holding each stock held as of 31 March 2021, the company confirmed that holding all stocks was appropriate.」
Regarding cross-shareholdings, the company reviewed its holding level following the partial sale of one stock and conducted an individual holding review dated 21 May 2021. - FY2020AdvancedAnnual report
「As a result of the review conducted as of 31 March 2020, the company confirmed that the purpose of the holdings and the holdings and number of shares held were appropriate.」
Regarding cross-shareholdings, the Board of Directors conducted an annual review of each individual holding and confirmed the rationale for holding 17 unlisted and 26 listed stocks. One listed stock was sold during the fiscal year. - FY2019First statedAnnual report
「To maintain and strengthen relationships with business partners through shareholdings and facilitate the smooth development of its business, the company holds investment shares for purposes other than pure investment in companies whose holdings are deemed likely to contribute to the enhancement of corporate value over the medium to long term. Each year, the Board of Directors reviews each individual holding to determine whether its purpose remains appropriate and economically rational, and decides whether to continue holding it and the number of shares to be held.」
The company states its policy on cross-shareholdings, under which the Board of Directors reviews each individual holding annually to assess its purpose, economic rationale and the appropriateness of continued ownership, with the aim of strengthening relationships with business partners.