Reviewing the Rationale for Strategically Held Shares and Exercising Voting Rights
First written in FY2017. 2 of 5 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「With respect to strategic holdings of listed shares, we hold only those necessary to execute important business strategies and are working to reduce such holdings.」
The company continues its policy of limiting strategic shareholdings to those that are necessary, while proceeding with rationality reviews and reductions. - FY2023-Q3AdvancedAnnual report
「As we sold all shares of 株式会社市川電機 that we held during the third quarter accounting period, the company was no longer an equity-method affiliate as of the end of that period, and the 2,700 shares held in the company referred to above no longer constituted cross-held shares.」
The company disclosed that it had sold all 2,700 shares held in 株式会社市川電機 in connection with its policy of reducing strategic shareholdings. - FY2022AdvancedAnnual report
「With respect to strategic holdings of listed shares, we hold only those necessary to execute important business strategies and are working to reduce such holdings.」
The company clarified its annual rationality reviews, comparisons with the cost of capital, reduction policy and exercise of voting rights based on TSR and other factors for strategically held shares. - FY2018RestatedAnnual report
「For strategically held shares, we verify the significance and rationality of continuing to hold them and report the results regularly to the Board of Directors. In exercising voting rights attached to strategically held shares, we comprehensively determine whether to approve or oppose proposals after considering the management policies and governance of the investee companies and taking into account the enhancement of corporate value from a medium- to long-term perspective.」
The company continues to regularly verify the significance and rationality of holding strategically held shares and to exercise voting rights based on the management policies and governance of investee companies. - FY2017First statedAnnual report
「For the purpose of contributing to the enhancement of our corporate value over the medium to long term, we may strategically hold listed shares, primarily of business partners, after comprehensively considering our business strategies, sales policies and other factors. For listed shares held for strategic purposes, we verify the significance and rationality of continuing to hold them and report the results regularly to the Board of Directors. In exercising voting rights attached to strategically held shares, we comprehensively determine whether to approve or oppose proposals after considering the management policies and governance of the investee companies and taking into account the enhancement of corporate value from a medium- to long-term perspective.」
The company stated for the first time its policy of regularly verifying the significance and rationality of continuing to hold strategically held shares and exercising voting rights after considering the management policies and governance of investee companies.