Review of the Rationale for Strategic Shareholdings and Reduction When Their Significance Declines
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: 2026-05-13.
- 2026-05-13Cited as achievedManagement plan
「In FY2025, the Company implemented a stock split to improve liquidity and canceled treasury shares as part of its capital policy.」
The Company cited the stock split and cancellation of treasury shares as capital policy initiatives separate from the reduction of cross-held shares. - FY2025AdvancedAnnual report
「During the current period, the company recorded extraordinary income from the sale of securities, primarily strategic shareholdings.」
During the current fiscal year, the company sold 5 strategic shareholdings other than unlisted shares and recorded total proceeds of ¥1,180 million. This is described as an action consistent with the policy of reducing holdings whose strategic rationale has diminished. - FY2024RestatedAnnual report
「The policy is to progressively reduce holdings in shares whose strategic rationale has diminished.」
The company has reconfirmed its policy of reviewing strategic shareholdings based on transaction relationships, business alliances and economic rationale, and reducing holdings whose strategic rationale has diminished. No holdings were reduced during the current fiscal year. - FY2020RestatedAnnual report
「For equity holdings held for purposes other than pure investment, the Board of Directors periodically verifies for each individual issue whether it meets the policy described above and decides whether the company should continue to hold it. The policy is to reduce holdings in shares whose strategic rationale has diminished.」
The company has reconfirmed its policy of reviewing the rationale for strategic shareholdings on an issue-by-issue basis and reducing holdings whose strategic rationale has diminished. No holdings were reduced during the current fiscal year. - FY2019First statedAnnual report
「For equity holdings held for purposes other than pure investment, the Board of Directors periodically verifies for each individual issue whether it meets the policy described above and decides whether the company should continue to hold it. The policy is to reduce holdings in shares whose strategic rationale has diminished.」
The company is explicitly stating for the first time that it will review strategic shareholdings based on transaction relationships, business alliances, long-term growth prospects and economic rationale, and progressively reduce holdings whose strategic rationale has diminished.