Verification of the Rationale for Strategic Shareholdings and Sale of Shares Without Business Relationships
First written in FY2021. 3 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2026.
- FY2026Disclosure of holdings of 1 strategic shareholdingAnnual report
「Sumitomo Mitsui Financial Group, Inc. 45,000. The shares are held to strengthen the business relationship.」
Regarding strategic shareholdings, the Company disclosed that it holds 1 listed issue, Sumitomo Mitsui Financial Group, Inc., comprising 45,000 shares with a balance-sheet carrying amount of ¥269 million, and reviews the business relationship and economic rationale. - FY2023AdvancedAnnual report
「Unlisted shares 3 0 / Shares other than unlisted shares 1 89」
Following the review of strategic shareholdings, the Company holds 1 listed issue, with a balance-sheet carrying amount of ¥89 million. - FY2022AdvancedAnnual report
「Issues whose number of shares decreased during the fiscal year: unlisted shares 1; shares other than unlisted shares 10; total sale proceeds from sales involving a decrease in the number of shares 3,108」
Based on its review of the rationale for strategic shareholdings, the Company sold shares including 10 listed issues, generating sale proceeds of ¥3,108 million. - FY2022-Q2AdvancedAnnual report
「To review its strategic shareholdings and improve capital efficiency in accordance with Japan’s Corporate Governance Code, the Company sold part of its investment securities, consisting of 8 listed issues, between 7 September and 11 October 2021.」
Based on its policy of reviewing strategic shareholdings and improving capital efficiency, the Company actually sold 8 listed issues. - FY2021First statedAnnual report
「The Company holds only shares of companies it deems necessary as part of its business strategy, including to maintain and strengthen long-term, stable business relationships, in order to contribute to sustainable growth and the enhancement of corporate value over the medium to long term. It seeks to maintain holdings at an appropriate level from the perspectives of capital efficiency and risk and return. At a meeting of the Board of Directors held on 30 August 2017, the Company decided as a basic policy that strategic shareholdings without business relationships would be subject to sale. It has proceeded with sales while taking into account negotiations with the counterparties to its strategic shareholdings and market prices, and reports the status of sales to the Board of Directors on each occasion.」
The Company describes its review of strategic shareholdings based on capital efficiency, risk and return, its basic policy of targeting shares without business relationships for sale, and the practice of reporting the status of sales to the Board of Directors.