Reviewing the Significance of Strategic Shareholdings and Policy on Reducing Them
First written in FY2019. 3 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2025.
- FY2025RestatedAnnual report
「As the company does not hold any listed shares, there is nothing applicable.」
The company continues to disclose that it does not hold any listed shares. - FY2024Update on Cross-ShareholdingsAnnual report
「As the company does not hold any listed shares, there is nothing applicable.」
The company disclosed that it does not hold any listed shares. It holds shares in 1 unlisted company, with a balance-sheet carrying amount of ¥160 thousand. - FY2023AdvancedAnnual report
「Issues for which the number of shares decreased during the current fiscal year Shares other than unlisted shares 8 243,745」
In line with its policy of reducing policy-held shares, the company sold shares in 8 listed companies and recorded total sale proceeds of ¥243 million. - FY2023-Q2AdvancedAnnual report
「Although the company recorded a gain on the sale of investment securities consisting of policy-held shares of ¥128 million as an extraordinary gain, net income attributable to owners of the parent」
The company sold investment securities consisting of policy-held shares and recorded a gain on sale of ¥128 million. The company has disclosed the sale as an example of implementing its basic policy of reducing policy-held shares. - FY2022RaisedAnnual report
「The company's basic policy for policy-held shares is to reduce its holdings. Shares that will continue to be held are reviewed from the perspective of whether they are necessary to maintain and strengthen business relationships and enhance the company's corporate value over the medium to long term, and are submitted to the board of directors once a year.」
For policy-held shares, the company has strengthened the wording of its previous policy of reviewing the purpose of holding shares and disposing of or reducing inappropriate holdings, to state that reducing holdings itself is the basic policy. - FY2020AdvancedAnnual report
「At each fiscal year-end, the company's board of directors verifies the purpose of holding each individual policy-held shareholding. If any shareholding is not considered to contribute to the sustainable growth of the company group and the enhancement of corporate value over the medium to long term, the company will dispose of or reduce the holding as promptly as possible.」
The company disclosed its policy of reviewing the purpose of holding policy-held shares each fiscal year and confirmed that the shares currently held complied with its holding policy based on the review as of 31 March 2020. - FY2019First statedAnnual report
「At each fiscal year-end, the company's board of directors verifies the purpose of holding each individual policy-held shareholding. If any shareholding is not considered to contribute to the sustainable growth of the company group and the enhancement of corporate value over the medium to long term, the company will dispose of or reduce the holding as promptly as possible.」
The company has for the first time disclosed as a standalone topic its policy of reviewing policy-held shares every fiscal year and disposing of or reducing holdings that do not contribute to sustainable growth or medium- to long-term corporate value.