Rationale Verification and Reduction of Strategic Shareholdings
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: 2026-06-02.
- FY2023RestatedAnnual report
「Based on the review for the current fiscal year, the return on investment substantially exceeded the cost of capital from a quantitative perspective, and there were no issues with any of the holdings from a qualitative perspective.」
The company continues its policy of verifying the rationality of strategic shareholdings from both quantitative and qualitative perspectives, and determined that there were no issues with any holdings during the current fiscal year. - FY2022AdvancedAnnual report
「The shares had been held to support a stable shareholder base, but were sold during the current fiscal year based on the determination that their strategic value was limited.」
The company continued to verify the rationality of its strategic shareholdings and sold 1 unlisted holding for ¥17 million and 1 holding other than an unlisted shareholding for ¥80 million during the current fiscal year. - FY2021AdvancedAnnual report
「Following the review conducted in the prior fiscal year, there were holdings scheduled for sale at an appropriate time while monitoring trends in the stock market and elsewhere, and the company sold some of them during the current fiscal year.」
The company continued to review its strategic shareholdings and sold 1 holding other than an unlisted shareholding during the current fiscal year. Quantitatively, it determined that the return on investment for all holdings exceeded the cost of capital. - FY2019First statedAnnual report
「The rationality of holding strategic shareholdings is comprehensively reviewed from a quantitative perspective, including capital costs and whether the holdings are effective compared with other uses of funds, and from a qualitative perspective, including whether business cooperation can be strengthened and maintained. The results are then submitted to the Board of Directors. If the company determines that a holding does not contribute to improving the group's medium- to long-term corporate value, it will sell the shares while also considering conditions in the stock market and other factors.」
For strategic shareholdings, the company described its policy of conducting quantitative evaluations based on capital costs and other factors and qualitative evaluations based on cooperative relationships, then selling holdings with limited strategic value in sequence, as well as its results for the current fiscal year of selling 3 holdings for total proceeds of ¥1,287 million.