Managing Strategic Shareholdings Based on Medium- to Long-Term Corporate Value
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company reviews annually the significance of holding all policy cross-shareholdings held by the Company and its consolidated subsidiaries, based on the economic rationality of the investments in light of their investment returns and the prospects of achieving their future investment objectives.」
The policy of reviewing policy cross-shareholdings annually based on returns exceeding the cost of capital or their contribution to medium- to long-term corporate value remains in place. - FY2023AdvancedAnnual report
「Shares other than unlisted shares 1 114,555」
For policy cross-shareholdings, the Company disclosed the sale of 1 issue of shares other than unlisted shares for ¥114.555 million. - FY2022AdvancedAnnual report
「Issues for which the number of shares decreased during the fiscal year Shares other than unlisted shares 1 209,538」
For policy cross-shareholdings, the Company disclosed the sale of 1 issue of shares other than unlisted shares for ¥209.538 million. - FY2021First statedAnnual report
「As a general rule, the Group intends to hold shares only when it considers that they are highly likely to generate investment returns exceeding the cost of capital, or that they will contribute to enhancing the Group's medium- to long-term corporate value by building, maintaining and strengthening good relationships with the issuing companies.」
The holdings are reviewed annually against quantitative and qualitative criteria, and shares that do not generate economic value added over two consecutive periods are generally to be sold.