Holding and Exercising Voting Rights in Strategic Shareholdings Based on Corporate Value Enhancement
First written in FY2017. 4 of 7 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the Board of Directors, at its meeting held in June 2025, decided to continue holding 9 issues.」
Regarding cross-shareholdings, the company will continue to hold 9 issues, while selling 3 issues other than unlisted shares and recording total sale proceeds of ¥195 million. - FY2025AdvancedAnnual report
「Shares other than unlisted shares 1 100」
The company sold 1 issue of cross-shareholdings and recorded total sale proceeds of ¥100 million. This demonstrates the implementation of its policy of progressively reducing holdings that do not comply with its holding policy. - FY2024AdvancedAnnual report
「Shares other than unlisted shares 3 140」
Regarding cross-shareholdings, the company sold 3 issues during the fiscal year and recorded total sale proceeds of ¥140 million. This demonstrates the specific implementation of its policy of progressively reducing holdings that do not comply with its holding policy. - FY2020RestatedAnnual report
「Our basic policy is for the Board of Directors to conduct a comprehensive quantitative and qualitative review of economic rationality and the appropriateness of the purpose of holding specified investment shares, including confirming business and cooperative relationships and comparing the benefits and risks with the cost of capital, and to hold shares only when they contribute to enhancing our corporate value from a medium- to long-term perspective. We will progressively reduce holdings that do not comply with this policy.」
The company continues to state its policy regarding cross-shareholdings, including quantitative and qualitative reviews by the Board of Directors, comparisons with the cost of capital, holding shares based on enhancing corporate value, and reducing holdings that do not comply with the policy. - FY2019AdvancedAnnual report
「Our basic policy is for the Board of Directors to conduct a comprehensive quantitative and qualitative review of economic rationality and the appropriateness of the purpose of holding shares, including confirming business and cooperative relationships and comparing the benefits and risks with the cost of capital, and to hold shares only when they contribute to enhancing our corporate value from a medium- to long-term perspective. We will progressively reduce holdings that do not comply with this policy.」
For cross-shareholdings, the company explicitly states that the Board of Directors will conduct quantitative and qualitative reviews, including comparisons with the cost of capital, and progressively reduce holdings that do not comply with the policy. - FY2018Explicit voting guidelinesAnnual report
「Our basic policy is to hold cross-shareholdings only when, after considering business relationships, cooperative relationships in our business and economic rationality based on returns and risks, such holdings are determined from a medium- to long-term perspective to contribute to enhancing our corporate value. In principle, we will vote in favor of proposals submitted by issuers whose shares we have determined are appropriate to hold as cross-shareholdings, except for proposals that would impair shareholder value.」
In addition to its policy of holding cross-shareholdings based on enhancing corporate value, the company has for the first time explicitly stated its voting guidelines for cross-shareholdings. - FY2017First statedAnnual report
「Our basic policy is to hold cross-shareholdings only when, after considering business relationships, cooperative relationships in our business and economic rationality based on returns and risks, such holdings are determined from a medium- to long-term perspective to contribute to enhancing our corporate value.」
The company has for the first time explicitly stated its policy of holding cross-shareholdings after considering business and cooperative relationships, economic rationality and enhancement of corporate value.