Review of the Economic Rationale for Strategic Shareholdings and Their Reduction
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: 2026-03-10.
- 2026-03-10AdvancedOccurring Fact
「To improve the efficiency of held assets and strengthen the financial position by reducing cross-shareholdings」
The policy of reducing cross-shareholdings reached the implementation stage, with a decision to sell three listed securities and expected gains on sale of approximately ¥159 million. - FY2025RestatedAnnual report
「The economic rationality of strategic shareholdings is verified comprehensively by reviewing, among other matters, transaction activity with the companies whose shares are held, year-on-year comparisons of transaction income, the outlook for establishing and maintaining strategic business relationships, and whether the holdings are commensurate with the cost of capital, with the results reported to the Board of Directors each year. As a result of the review, the Company will proceed with reducing holdings in shares for which the maintenance or enhancement of business relationships is not expected.」
The Company continues to verify the rationality of strategic shareholdings annually at Board of Directors meetings and reduce holdings that are not commensurate with business relationships or the cost of capital. - FY2023RestatedAnnual report
「The Company verifies the economic rationality of strategic shareholdings and makes decisions on acquiring, continuing to hold or selling each individual issue as appropriate.」
The Company continues to apply a policy of deciding whether to continue holding or sell strategic shareholdings based on transaction activity, future strategic relationships and comparison with the cost of capital. - FY2022First statedAnnual report
「The economic rationality of strategic shareholdings is verified comprehensively by reviewing, among other matters, transaction activity with the companies whose shares are held, year-on-year comparisons of transaction income, the outlook for establishing and maintaining strategic business relationships, and whether the holdings are commensurate with the cost of capital. As a result of the review, the Company will proceed with reducing holdings in shares for which the maintenance or enhancement of business relationships is not expected.」
The Company stated a policy of assessing the rationality of strategic shareholdings based on transaction activity, future relationships and comparison with the cost of capital, and reducing holdings that are no longer necessary.