Review of the Economic Rationale for Strategic Shareholdings and Their Reduction
First written in FY2019. 6 of 10 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026Change from policy-held shares to shares held for pure investment purposes due to the reduced significance of policy ownershipAnnual report
「The Company held these shares to expand and promote initiatives aimed at rolling out regional co-creation BPO services nationwide. However, as their significance as policy-held shares declined, the Company changed the purpose of holding them to pure investment. It will make decisions as appropriate on whether to sell or continue holding them, taking into account future share price trends and the market environment.」
While continuing its policy of reviewing the rationality of policy-held shares annually and reducing holdings, the Company changed the purpose of holding its shares in SAAFホールディングス株式会社 from policy ownership to pure investment. - FY2025Coexistence of increased holdings through capital and business alliances and the policy of reducing holdingsAnnual report
「Holdings whose number of shares increased during the fiscal year: unlisted shares — —; shares other than unlisted shares: 2 holdings, ¥179,926 thousand」
The Company acquired shares of SAAFホールディングス株式会社 and SYSTEMS DESIGN Co.,Ltd. through capital and business alliances. At the same time, it continues to review the rationality of policy-held shares and its policy of reducing holdings that lack rationality. - FY2024AdvancedAnnual report
「Holdings whose number of shares decreased during the fiscal year: unlisted shares — —; shares other than unlisted shares: 2 holdings, ¥2,379,093 thousand」
Regarding policy-held shares, the Company sold 2 listed shareholdings and recorded sale proceeds of ¥2,379 million and a gain on the sale of ¥2,213 million. This demonstrates results consistent with its policy of reducing holdings that lack rationality. - FY2024-Q3AdvancedAnnual report
「This resulted from the sale of part of the investment securities held by the Company during the nine-month period of the fiscal year, consisting of 2 listed shareholdings.」
As part of its policy of reducing policy-held shares, the Company sold 2 listed shareholdings and recorded a gain on the sale of investment securities of ¥2,213 million. - FY2023Continued holdings alongside acquisitions through capital and business alliancesAnnual report
「Following its review, the Company will reduce holdings that are not considered rational to retain.」
The Company continues to review the rationality of policy-held shares and its policy of reducing holdings. During the fiscal year, however, there were no holdings for which the number of shares declined, and the Company acquired 3,700 shares of ULURU.CO.,LTD. through a capital and business alliance. - FY2022-Q3AdvancedAnnual report
「This resulted from the sale of part of the investment securities held by the Company during the nine-month period of the fiscal year, consisting of 1 listed shareholding and 1 unlisted shareholding.」
In line with its policy of reducing policy-held shares, the Company sold 1 listed shareholding and 1 unlisted shareholding and recorded a gain on the sale of investment securities of ¥1,903 million. - FY2022-Q2AdvancedAnnual report
「At a Board of Directors meeting held on 27 January 2022, the Company resolved to sell an unlisted investment security that it held. Reason for the sale of the investment security: to promote the efficient use of management resources.」
As part of its policy of reviewing the rationality of policy-held shares and reducing holdings, the Company resolved to sell 1 unlisted investment security, citing the efficient use of management resources as the reason. The expected gain on the sale is ¥76.840 million. - FY2022-Q1AdvancedAnnual report
「In October 2021, the Company partially sold an investment security held as a policy-held investment, consisting of 1 listed security.」
Regarding policy-held shares, the Company partially sold 1 listed security to fund business expansion and other initiatives aimed at enhancing corporate value. It expects to record a gain on the sale of ¥1,826 million in the second quarter. - FY2021AdvancedAnnual report
「During the fiscal year, the Board of Directors conducted regular reviews of each holding, examining the appropriateness of its purpose, the benefits and risks of holding the shares, and the comparison with the cost of capital.」
Regarding policy-held shares, the Company reviewed the purpose, benefits and risks of each holding and compared them with the cost of capital during the fiscal year, and sold 10 holdings. - FY2019First statedAnnual report
「The Company acquires and holds policy-held shares only when it determines that they will contribute to enhancing its corporate value over the medium to long term, taking comprehensive account of economic rationality, comparison with the cost of capital and other factors.」
Regarding policy-held shares, the Company disclosed for the first time a policy of reviewing the appropriateness of individual holdings based on the cost of capital and other factors and reducing holdings that lack rationality.