Assessment of Strategic Shareholdings Based on Their Significance to Business Strategy and the Cost of Capital
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Shareholdings whose number of shares decreased during the fiscal year: unlisted shares, 3; total sale proceeds related to the decrease in the number of shares: ¥1,066 million」
Regarding cross-held shares, 3 unlisted shareholdings were sold, generating total sale proceeds of ¥1,066 million. The portfolio was streamlined under a policy of reviewing the significance of holdings and cost of capital, among other factors. - 2026-05-08First statedEarnings presentation
「Reviewing investment opportunities and refining the business: tightening the investment execution process and restructuring the business portfolio」
For the first time, the company identified stricter investment decisions and business portfolio restructuring as specific measures to improve margins and efficiency. - FY2024AdvancedAnnual report
「19 unlisted shareholdings; total carrying amount on the balance sheet, ¥1,630 million. The total acquisition cost related to the increase in the number of shares, ¥238 million, was for investments determined to be necessary under our business strategy.」
It disclosed ¥238 million of investments in unlisted shares determined to be necessary under the business strategy, while continuing its policy of reviewing the rationale for holding cross-held shares. - FY2022RestatedAnnual report
「We are reviewing whether the benefits and risks of holding the shares are commensurate with the cost of capital, and discussing our holding policy based on their strategic significance, the nature of transactions with the Company and key indicators. The results are reported regularly to the Board of Directors, which has determined that the investees are important business partners under our business strategy and that there is no issue with continuing to hold the shares.」
The policy of reviewing cross-held shares based on their benefits and risks, cost of capital and strategic significance, and reporting the results to the Board of Directors, remains in place. - FY2021AdvancedAnnual report
「For unlisted shares: 6 issues; total acquisition cost related to the increase in the number of shares, ¥1,700 million; for investments determined to be necessary under our business strategy」
It disclosed an increase of ¥1.7 billion in the total acquisition cost of 6 unlisted shareholdings, following investments determined to be necessary under the business strategy. - FY2020First statedAnnual report
「We are reviewing whether the benefits and risks of holding the shares are commensurate with the cost of capital, and discussing our holding policy based on their strategic significance, the nature of transactions with the Company and key indicators. The results are reported regularly to the Board of Directors, which has determined that the investees are important business partners under our business strategy and that there is no issue with continuing to hold the shares.」
It outlined a policy of reviewing cross-held shares based on their benefits and risks, cost of capital and strategic significance, and reporting the results regularly to the Board of Directors.