Policy on Holding, Reviewing and Reducing Strategic Shareholdings
First written in FY2019. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, based on the above holding policy, the Board of Directors reviewed the appropriateness of each individual holding at a meeting held on 4 March 2026. We determined that the significance of 1 holding had diminished and sold all shares held.」
Individual reviews of policy cross-shareholdings were conducted, and all shares of 1 holding were sold. It was also disclosed that investment securities and other assets totaling ¥29.1 billion were sold cumulatively in fiscal 2024 and fiscal 2025, indicating continued reductions. - FY2024AdvancedAnnual report
「During the fiscal year, based on the above holding policy, the Board of Directors reviewed the appropriateness of each individual holding at a meeting held on 4 March 2024. We determined that the significance of 1 holding had diminished and sold it.」
Individual reviews of policy cross-shareholdings continued, and 1 holding was sold. The sale of 3 additional unlisted-shareholdings-excluded holdings, totaling ¥1.826 billion, was also disclosed. - FY2022AdvancedAnnual report
「During the fiscal year, based on the above holding policy, the Board of Directors reviewed the appropriateness of each individual holding at a meeting held on 3 March 2022. For 1 holding, we decided to change part of the shares held to pure investment and proceed with sales as appropriate in light of the share price and market conditions.」
Individual reviews of policy cross-shareholdings continued, and a decision was made to change 1 holding, specifically 623,450 shares of Olympus, to pure investment and proceed with its sale. - FY2021AdvancedAnnual report
「During the fiscal year, based on the above holding policy, the Board of Directors reviewed the appropriateness of each individual holding at a meeting held on 29 March 2021. We determined that the significance of one holding had diminished, changed its purpose to pure investment, and decided to proceed with sales as appropriate in light of the share price and market conditions.」
Individual reviews of policy cross-shareholdings continued, and a decision was made to change 1 holding to pure investment and proceed with its sale as appropriate. - FY2020AdvancedAnnual report
「During the fiscal year, based on the above holding policy, the Board of Directors reviewed the appropriateness of each individual holding at meetings held on 31 January 2020 and 27 March 2020. We determined that the significance of one holding had diminished, changed its purpose to pure investment, and decided to proceed with sales as appropriate in light of the share price and market conditions.」
Individual reviews of policy cross-shareholdings were conducted, and a decision was made to change 1 holding to pure investment and proceed with its sale. - FY2019First statedAnnual report
「We hold shares in important business partners as policy cross-shareholdings, with the objective of enhancing our Group's medium- to long-term corporate value by maintaining and strengthening relationships with those partners. The Board of Directors periodically verifies these holdings, comprehensively assessing each investee from the perspectives of medium- to long-term economic rationality and our Group's business strategy, among others, to determine whether the holding contributes to enhancing medium- to long-term corporate value. Shares whose holding has diminished in significance are to be sold after taking into account the circumstances of the investee and other factors.」
For policy cross-shareholdings held to maintain and strengthen relationships with important business partners, regular Board of Directors reviews and a policy of selling holdings whose significance has diminished were presented as a standalone theme for the first time.