Policy on Holding and Reducing Strategic Shareholdings to Maintain Business Relationships
First written in FY2019. 1 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- FY2026Strategic shareholdings acquired and reducedAnnual report
「(Holdings whose number of shares increased during the current fiscal year) Unlisted shares 1 158,100 Acquired to maintain and strengthen the business relationship. (Holdings whose number of shares decreased during the current fiscal year) Unlisted shares 1 7」
The Company disclosed the acquisition of 1 unlisted holding to maintain and strengthen the business relationship, as well as a decrease in 1 holding. It continues to follow a policy of reducing holdings with limited rationale. - FY2023RestatedAnnual report
「As a result, the Company will reduce holdings that it determines have limited rationale.」
The Company continues to conduct periodic reviews of the rationale for strategic shareholdings based on business relationships, investment amounts and other factors, as well as to reduce holdings with limited rationale. There was no change in the number of shares held during the current fiscal year. - FY2022AdvancedAnnual report
「If there is a change in the business conditions of a company whose shares are held, its business relationship with the Company or other relevant circumstances, the Company refers the matter to the Board of Directors or another relevant body and re-examines the rationale for holding the shares in accordance with the review method described above. As a result, the Company will reduce holdings that it determines have limited rationale.」
The Company specified its policy of periodically reviewing the rationale for strategic shareholdings and disclosed 2 holdings whose number of shares increased, with a total acquisition cost of ¥79.498 million, and 1 holding whose number of shares decreased during the current fiscal year. - FY2019First statedAnnual report
「The Company holds shares of business partners to maintain and develop good business relationships. If there is a change in a business partner's business conditions, business relationship with the Company or other relevant circumstances, the Company will consider, from a medium- to long-term perspective, whether to continue holding the shares and review its holdings, referring the matter to the Board of Directors or another relevant body as necessary. The Company will also reduce holdings that it determines no longer have sufficient significance.」
The Company has disclosed for the first time its policy on holding shares to maintain and develop business relationships, its review of continued holdings and its policy of reducing holdings with limited significance.