Reviewing the Rationale for Strategic Shareholdings and Policy on Sales
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「Holdings with a decrease in the number of shares during the fiscal year Unlisted shares 1 4 Shares other than unlisted shares 1 18」
Regarding strategic shareholdings, the company sold 1 unlisted holding and 1 holding other than unlisted shares, recording total sale proceeds of ¥22 million. - FY2022AdvancedAnnual report
「Holdings with a decrease in the number of shares during the fiscal year Shares other than unlisted shares 4 100」
Regarding strategic shareholdings, the company sold 4 holdings other than unlisted shares and recorded total sale proceeds of ¥100 million. - FY2021First statedAnnual report
「To achieve sustained growth in corporate value, the company holds strategic shareholdings to maintain and strengthen business relationships and to support more stable corporate management. The Board of Directors examines each holding individually, reviewing its purpose, risks, market value, dividend yield and other factors, and verifies whether continuing to hold it is appropriate, including whether the benefits and risks associated with the holding are commensurate with the cost of capital. The company is proceeding with a policy of selling holdings whose rationale is judged to have become weak.」
Regarding strategic shareholdings, the company has, for the first time, explicitly stated a policy of having the Board of Directors verify the rationale, risks and benefits of each holding while maintaining and strengthening business relationships, and selling holdings whose rationale is weak.