Verification of the Rationale for Strategic Shareholdings and Their Reduction
First written in FY2019. 1 of 2 entries say "Advanced", first in FY2020. Latest entry: FY2020.
- FY2020AdvancedAnnual report
「During the fiscal year, the number of shares declined for 2 unlisted issues and 2 issues other than unlisted shares. The aggregate sale proceeds were ¥70 million and ¥729 million, respectively.」
In connection with the review of the rationale for policy-holding shares and the reduction policy, the Company disclosed reductions during the fiscal year in 2 unlisted issues and 2 listed issues. - FY2019First statedAnnual report
「For all policy-holding shares held by the Company, the Finance Division confirms the status of transaction amounts, transaction details and other matters with the relevant transaction-managing divisions once a year. The Board of Directors then verifies, for each individual issue, the rationale for continued ownership based on the Company's Guidelines on Securities Investment, taking into account the significance of the holding, the cost of capital and other factors. For issues judged no longer to have a rational basis for continued ownership, the Company has a policy of selling them and reducing its shareholdings.」
For policy-holding shares, the Company disclosed for the first time as a standalone initiative its annual review of transaction status, the Board of Directors' review of the rationale for each individual holding, and its policy of selling and reducing holdings that are no longer considered rational.