Strategic shareholdings held for business relationships

「資金利益が当初の想定を上回る見込みであることに加え、市場環境を踏まえ、政策保有株を含む株式の売却益を計上することなどを織り込んだ。」

「The Bank's basic policy is to reduce strategic cross-shareholdings from the perspective of capital efficiency and other factors. At the same time, it holds a limited number of such shares based on management decisions made from the perspective of enhancing its medium- to long-term corporate value, with the primary objectives of building long-term, stable relationships with business partners and strengthening business cooperation. Based on this policy, the Bank is reducing its strategic cross-shareholdings and expects to reduce their book value by ¥4 billion over 3 years compared with the fiscal year ended March 2025.」

「As a result of reviews conducted at Board of Directors and other meetings in August 2023, the rationale for holding most issues was recognized. However, the Bank determined that the rationale for holding certain issues was limited and adopted a policy of reducing those holdings or changing their purpose to pure investment after engaging in dialogue with the investee companies. In addition, for certain issues held for pure investment purposes, the Bank determined that the holdings had a rationale as strategic cross-shareholdings because they met quantitative criteria for economic rationale and taking into account the status of transactions with the Bank and business and operational requirements, among other factors.」

「As a result of a review conducted at a Board of Directors meeting in August 2021, the rationale for holding most issues was recognized. However, the Bank determined that the rationale for holding certain issues was limited and adopted a policy of reducing those holdings or changing their purpose to pure investment after engaging in dialogue with the investee companies.」

「As a result of a review conducted at a Board of Directors meeting in August 2019, the rationale for holding most issues was recognized. For certain issues, however, the Bank adopted a policy of reducing the holdings or changing their purpose to pure investment after engaging in dialogue with the investee companies.」

「As a result of a review conducted at a Board of Directors meeting in December 2018, the rationale for holding most issues was recognized. However, the Bank determined that the rationale for holding certain issues was limited and, after engaging in dialogue with the investee companies, reduced those holdings or changed their purpose to pure investment.」

「The Bank regularly scrutinizes the investment benefits and holding risks of strategic cross-shareholdings, taking into account the cost of capital and other factors, and decides whether to continue holding them after assessing their medium- to long-term economic rationale and future prospects.」

「The Bank holds shares for strategic purposes based on management decisions made from the perspective of enhancing its medium- to long-term corporate value, with the primary objectives of building long-term, stable relationships with business partners and strengthening business cooperation.」

「The Bank holds shares for strategic purposes based on management decisions made from the perspective of enhancing its medium- to long-term corporate value, with the primary objectives of building long-term, stable relationships with business partners and strengthening business cooperation.」