Review of the Medium- to Long-Term Rationale for Strategic Shareholdings
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Issues for which the number of shares decreased during the current fiscal year Shares other than unlisted shares 3 ¥591,499 thousand The reason for the decrease was to improve asset efficiency by reducing cross-shareholdings in accordance with the Corporate Governance Code.」
The company sold 3 cross-shareholdings and recorded total proceeds of ¥591,499 thousand. The company has entered the implementation stage of improving asset efficiency through the reduction of shareholdings. - FY2023RestatedAnnual report
「The Board of Directors periodically verifies the medium- to long-term economic rationale and future outlook of major shares held, taking into account returns, risks and other factors. If changes in circumstances indicate that continued holdings are no longer rational, we will review them, including by reducing the holdings.」
We continue to review the medium- to long-term rationale for cross-shareholdings and maintain a policy of reducing holdings where no rationale is recognized. - FY2022First statedAnnual report
「The Board of Directors periodically verifies the medium- to long-term economic rationale and future outlook of major shares held, taking into account returns, risks and other factors. If changes in circumstances indicate that continued holdings are no longer rational, we will review them, including by reducing the holdings.」
For cross-shareholdings, the company states for the first time a policy under which the Board of Directors will periodically verify their medium- to long-term economic rationale and reduce the holdings as necessary.