Policy on Holding Strategic Shareholdings and Reviewing Their Rationale
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2026.
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- FY2026Acquired 9 strategic holdings totaling approximately ¥107.53 millionAnnual report
「Shares other than unlisted shares 9 107,531 Acquired to maintain and strengthen stable relationships and through the employee shareholding system.」
For listed shares held for strategic purposes, the company disclosed an increase in holdings of 9 issues during the year, with total acquisition cost of ¥107,531 thousand. - FY2025RestatedAnnual report
「Following an examination of each individual shareholding at a Board of Directors meeting, including whether the company continues to secure stable annual transaction volume as a customer relative to the total value of its shareholdings and the economic benefits based on shareholder returns and other factors, the company determined that it would continue to hold the shares.」
The company reconfirms its policy of continuing to hold strategic shareholdings after reviewing the economic benefits and annual transaction volume for each individual holding. - FY2021RestatedAnnual report
「For investment shares held for purposes other than pure investment, the company reviews the financial condition, operating performance, share price and dividends of each investee company, determines from a long-term perspective, taking into account the risks and cost of capital, whether the holding contributes to the Group’s management, and verifies at Board of Directors meetings the purpose and rationale of the holding based on that determination.」
The company continues its policy of verifying the rationale for each strategic shareholding at Board of Directors meetings based on financial condition, share price, dividends, cost of capital and trading volume, among other factors. - FY2020First statedAnnual report
「The company holds shares for policy purposes, including cooperation in business relationships and the establishment, maintenance and strengthening of sound business relationships, and basically does not hold investment shares for pure investment purposes.」
The company has disclosed for the first time its policy of holding strategic shareholdings to maintain and strengthen business and trading relationships and verifying their rationale at Board of Directors meetings based on financial condition, share price, dividends, cost of capital and trading volume, among other factors.