Holding Strategic Shareholdings Based on Business Relationships and Reviewing Their Rationale
First written in FY2019. 4 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026RestatedAnnual report
「To verify the rationale for holdings, the Board of Directors reviews the transaction status, future transaction policy and dividend yield with each company concerned. The company is working to reduce holdings whose strategic significance it determines has diminished, including where it concludes that maintaining or expanding transactions with the company concerned is not necessarily important to it.」
The company continues to apply a ¥1.5 billion holding limit and have the Board of Directors verify the rationale based on transaction status, transaction policy and dividend yield. - FY2025RestatedAnnual report
「At its regular meeting in June 2024, the Board of Directors conducted the above verification of the appropriateness of holding individual issues during the fiscal year.」
The company continues to apply a ¥1.5 billion holding limit and have the Board of Directors verify the rationale based on transaction status, transaction policy and dividend yield. - FY2022AdvancedAnnual report
「The Board of Directors verified the rationale for the holdings at its regular meeting in November 2021 and resolved to transfer 1 issue deemed inconsistent with the holding policy to investment securities held for pure investment purposes.」
The Board of Directors continued to verify the rationale and transferred 1 issue, 一正蒲鉾株式, that was inconsistent with the holding policy to pure investment purposes. There are now 9 issues held for purposes other than pure investment. - FY2021AdvancedAnnual report
「The Board of Directors verified the rationale for the holdings and resolved to transfer 1 issue deemed inconsistent with the holding policy to investment securities held for pure investment purposes.」
The Board of Directors continued to verify the rationale and transferred 1 issue that was inconsistent with the holding policy to pure investment purposes. The sale price of 1 unlisted shareholding, ¥635 million, is also disclosed. - FY2021-Q3AdvancedAnnual report
「At a Board of Directors meeting held on 5 February 2021, the company resolved to sell 1 unlisted shareholding. As a result, a gain on the sale will be recorded in the fourth-quarter consolidated accounting period. The resulting reduction in corporate income taxes will have a positive effect on net income, including because tax loss carryforwards for which deferred tax assets had not been recognized will be utilized, although the amount of this effect is still being examined.」
In connection with the policy of verifying the rationale for and reducing strategic shareholdings, the Board of Directors resolved to sell 1 unlisted shareholding. The sale was scheduled to be completed by 31 March 2021, with an expected gain on sale of ¥616 million. - FY2020AdvancedAnnual report
「To verify the rationale for holdings, the Board of Directors reviews the transaction status, future transaction policy and dividend yield with each company concerned. The company is working to reduce holdings whose strategic significance it determines has diminished, including where it concludes that maintaining or expanding transactions with the company concerned is not necessarily important to it.」
A ¥1.5 billion holding limit was established, and at a March 2020 Board of Directors meeting, 1 issue was transferred from strategic holding purposes to pure investment purposes. The operation of the rationale verification and reduction policy has become more specific. - FY2019First statedAnnual report
「The company’s policy is to continue holding the shares if it determines that doing so will contribute to its sustainable growth and enhancement of corporate value, namely through expanding transactions with the company concerned.」
For strategic shareholdings, the Board of Directors verified the transaction status, future transaction policy and dividend yield, and disclosed for the first time its policy of reducing holdings whose strategic significance has diminished. During the period, 1 issue was transferred to investments held for pure investment purposes.