Limited holdings of strategic shareholdings and review of their rationale
First written in FY2017. 3 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「For all listed issues held as of the end of the fiscal year, the Board of Directors meetings held in April and June 2026 reviewed whether the holdings remained rational using the review method described above and confirmed that only issues for which a rationale was recognized would continue to be held.」
Discloses that all listed strategic shareholdings were reviewed at Board of Directors meetings in April and June 2026, and that 16 issues were sold. - FY2025RaisedAnnual report
「The Group's basic policy is to reduce its strategic shareholdings in listed equities. However, it will hold such shares on a limited basis only where they are judged to contribute to the development of the regional economy through the development and support of regional companies, the strengthening of cooperative relationships for business strategy and other means, and thereby to enhance the corporate value of the Group. As a reduction target for listed strategic shareholdings, the Group aims to reduce the market value of its holdings to less than 15% of consolidated net assets by the end of March 2028.」
In addition to its policy of limited holdings and annual reviews, newly states a reduction target for strategic shareholdings of less than 15% of consolidated net assets by the end of March 2028. - FY2022RestatedAnnual report
「For all listed issues held as of the end of the fiscal year, the Board of Directors meeting held in June 2022 reviewed whether the holdings remained rational using the review method described above and confirmed that only issues for which a rationale was recognized would continue to be held.」
Reconfirmed the policy of reviewing all listed strategic shareholdings using RORA and target ROE and continuing to hold only issues for which a rationale is recognized. - FY2021AdvancedAnnual report
「For all listed issues held as of the end of the fiscal year, the Board of Directors meeting held in May 2021 reviewed whether the holdings remained rational using the review method described above and confirmed that only issues for which a rationale was recognized would continue to be held.」
Reviewed all listed issues using RORA based on trading revenue and other factors and target ROE, and confirmed that only issues for which a rationale was recognized would continue to be held. - FY2020RestatedAnnual report
「For all listed issues held as of the end of the fiscal year, the Board of Directors meeting held in May 2020 reviewed whether the holdings remained rational using the review method described above and confirmed that only issues for which a rationale was recognized would continue to be held.」
Implements a policy of reviewing all strategic shareholdings and continuing to hold only issues for which a rationale is recognized. - FY2018RestatedAnnual report
「The basic policy is to hold strategic shareholdings only on a limited basis, where they are judged to contribute over the medium to long term to enhancing the corporate value of the Group, for purposes such as maintaining and strengthening stable, long-term business relationships with counterparties or maintaining and strengthening cooperative relationships in business operations.」
Continues the policy of making strategic investments on a limited basis and reviewing the rationale for holdings each year. - FY2017First statedAnnual report
「The basic policy is to hold strategic shareholdings only on a limited basis, where they are judged to contribute over the medium to long term to enhancing the corporate value of the Group, for purposes such as maintaining and strengthening stable, long-term business relationships with counterparties or maintaining and strengthening cooperative relationships in business operations. Based on this policy, the Company reviews each year the rationale for its Group's strategic shareholdings, and the Board of Directors confirms the results of the review after receiving a report on them.」
States a basic policy of holding strategic shareholdings on a limited basis and reviewing the rationale for holding them each year.