Policy-held shares held to maintain and strengthen broad-based business and cooperative relationships
First written in FY2018. 4 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2019: 17 of 137 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「With respect to strategic shareholdings, the Board of Directors each year verifies whether it is appropriate to hold each issue, taking into account the holding purpose and economic rationality, including whether the benefits and risks of holding the shares are commensurate with the cost of capital. The most recent resolution date was 5 December 2025.」
The company continued its annual review of individual issues by the Board of Directors and disclosed a reduction in the number of shares held and sales during the fiscal year, including 9 listed issues. - 2026-06-01AdvancedGeneral Meeting of Shareholders
「株式保有リスクの抑制や資本の効率性等の観点から、投資先企業との十分な対話を行ったうえで売却を進めております。」
政策保有株式について、縮減に向けた売却方針と2025年度末の連結純資産に占める時価比率17.2％が記載されている。 - FY2022AdvancedAnnual report
「With respect to strategic shareholdings, the Board of Directors each year verifies whether it is appropriate to hold each issue, taking into account the holding purpose and economic rationality, including whether the benefits and risks of holding the shares are commensurate with the cost of capital. The most recent resolution date was 30 November 2021.」
The company provides specific disclosure on the annual review of individual issues by the Board of Directors, including the most recent resolution date. Strategic shareholdings comprised 52 unlisted issues and 97 listed issues. - FY2021AdvancedAnnual report
「With respect to strategic shareholdings, the Board of Directors each year verifies whether it is appropriate to hold each issue, taking into account the holding purpose and economic rationality, including whether the benefits and risks of holding the shares are commensurate with the cost of capital. The most recent resolution date was 4 February 2021.」
The management approach for strategic shareholdings was made more specific by introducing annual reviews of individual issues by the Board of Directors and comparisons with the cost of capital. - FY2018First statedAnnual report
「The purposes of holding these shares are "maintaining and strengthening comprehensive business relationships" and "maintaining and strengthening cooperative relationships." The number of investment securities held for purposes other than pure investment was 166 issues, with a total balance-sheet carrying amount of ¥99,254 million.」
For strategic shareholdings, the company states maintaining and strengthening comprehensive business or cooperative relationships as the holding purposes and discloses the number of issues and carrying amount.