Rationale Review and Unwinding of Strategic Shareholdings
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「With respect to investment shares held for purposes other than pure investment, the Company’s policy is to hold shares for policy purposes only when it reasonably determines that developing business relationships with the investee through the shareholding will contribute to enhancing the Company’s corporate value over the medium to long term.」
The policy of limiting cross-shareholdings to cases that contribute to business relationships and medium- to long-term enhancement of corporate value, and reviewing their rationale, was maintained. - FY2022AdvancedAnnual report
「Mitsubishi UFJ Financial Group, Inc. — 3,150. The Company held these shares because it determined that maintaining a stable banking relationship would contribute to enhancing its corporate value over the medium to long term. During the fiscal year, the Company sold all of its shares in the company.」
It was disclosed that, under the policy of reviewing the significance of cross-shareholdings, the Company sold all of its shares in Mitsubishi UFJ Financial Group. - FY2021RestatedAnnual report
「With respect to investment shares held for purposes other than pure investment, the Company’s policy is to hold shares for policy purposes only when it reasonably determines that developing business relationships with the investee through the shareholding will contribute to enhancing the Company’s corporate value over the medium to long term.」
The policy of limiting cross-shareholdings to cases that contribute to business relationships and medium- to long-term enhancement of corporate value was maintained, with the significance of each holding to be reviewed individually. - FY2019First statedAnnual report
「The Company’s policy is to hold shares for policy purposes, where the purpose of holding the investment shares is other than pure investment, only when it reasonably determines that developing business relationships with the investee through the shareholding will contribute to enhancing the Company’s corporate value over the medium to long term. The Board of Directors examines the benefits of each holding from a medium- to long-term perspective, and the Company will unwind holdings that are not deemed reasonable by selling them or taking other measures.」
The policy of limiting cross-shareholdings to cases that contribute to business relationships and medium- to long-term enhancement of corporate value was described as an independent topic for the first time, along with a policy of not holding shares for pure investment purposes.