Disclosure of the Holding Policy and Voting Guidelines for Strategic Shareholdings
First written in FY2017. 4 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the Board of Directors made a comprehensive assessment of the purpose of holding the shares, the benefits and advantages of holding them, and the risks of selling them, and sold some of its shareholdings.」
Under its policy of reviewing strategic shareholdings annually, the Company sold 1 shareholding other than unlisted shares, generating proceeds of ¥47 million. - 2026-05-12AdvancedFinancial results presentation
「Improve the efficiency of non-operating assets and reduce cross-shareholdings.」
The company explicitly identifies reducing cross-shareholdings as part of its capital efficiency initiatives. - FY2022AdvancedAnnual report
「During the fiscal year, the Board of Directors made a comprehensive assessment of the purpose of holding the shares, the benefits and advantages of holding them, and the risks of selling them, and sold some of its shareholdings.」
Under its policy of reviewing strategic shareholdings annually, the Company sold 1 listed shareholding during the fiscal year. - FY2020AdvancedAnnual report
「With respect to listed shares and other holdings, the Board of Directors conducts an annual review in light of the performance and other circumstances at the end of the most recent fiscal year. It considers (1) whether holding the shares generates benefits or advantages from transactions with the counterparty, (2) the risk that the counterparty may lose the economic rationale for transactions with the Company and reduce or terminate those transactions if the Company sells the strategic shareholding, and (3) the cost of capital, among other factors, to verify whether the holdings contribute to the Company's sustainable growth and enhancement of corporate value over the medium to long term, and determines whether to continue holding them.」
The Company explicitly states that the Board of Directors reviews strategic shareholdings once a year and determined that continuing to hold all holdings was appropriate for the fiscal year. - FY2018RestatedAnnual report
「The Company has set out its policy for holding strategic shareholdings and its criteria for exercising voting rights in Article 11 of its Basic Corporate Governance Policy, and has published and disclosed them on its website.」
The policy of setting out and disclosing the policy for holding strategic shareholdings and the criteria for exercising voting rights on the website has been reiterated. - FY2017First statedAnnual report
「The Company has set out its policy for holding strategic shareholdings and its criteria for exercising voting rights in Article 11 of its Basic Corporate Governance Policy, and has published and disclosed them on its website.」
This is the first disclosure stating that the policy for holding strategic shareholdings and the criteria for exercising voting rights are set out in the Basic Corporate Governance Policy.