Contents of this filing
The Company’s policy is not to hold shares unless doing so is deemed to contribute to its sustainable growth and the enhancement of corporate value over the medium to long term. The Company has set a target of reducing policy-held shares to 10% or less of consolidated net assets by the fiscal year ending March 2028 and continues to sell shares toward achieving this target. The number of holdings and their value are shown in a graph, but specific results are not stated in the text.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The Company provided supplementary explanations of the Board of Directors’ opposition to the shareholder proposal and the reasons for its opposition. There is no statement that the governance structure or other aspects of the corporate governance framework have been changed.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Policy on cross-shareholdings | The Company’s policy is not to hold shares unless doing so is deemed to contribute to its sustainable growth and the enhancement of corporate value over the medium to long term. The Company has set a target of reducing policy-held shares to 10% or less of consolidated net assets by the fiscal year ending March 2028 and continues to sell shares toward achieving this target. The number of holdings and their value are shown in a graph, but specific results are not stated in the text. |
| Changes this time | The Company provided supplementary explanations of the Board of Directors’ opposition to the shareholder proposal and the reasons for its opposition. There is no statement that the governance structure or other aspects of the corporate governance framework have been changed. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The proposal is inconsistent with the intent of Article 160 of the Companies Act, there is no pressure on the target shareholders to sell, and executing the treasury share acquisition could make it difficult to fund growth investments under the long-term management plan and shareholder returns such as progressive dividend increases, while potentially adversely affecting the Company’s financial base.