Review of the Rationale for Strategic Shareholdings and Policy for Reducing Holdings
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「For investment shares held for purposes other than pure investment, the company confirmed whether each holding fulfilled its purpose and verified the appropriateness of the holdings at a Board of Directors meeting on 28 April 2026. In doing so, it also considered the medium- to long-term economic rationality and future holding risks for each issue.」
The company verified the appropriateness of its strategic shareholdings at a Board of Directors meeting on 28 April 2026 and also disclosed reductions in the number of shares held in 1 unlisted issue and 2 listed issues during the fiscal year. - FY2025AdvancedAnnual report
「For investment shares held for purposes other than pure investment, the company confirmed whether each holding fulfilled its purpose and verified the appropriateness of the holdings at a Board of Directors meeting on 30 April 2025.」
For strategic shareholdings, the company verified the appropriateness of the holdings at a Board of Directors meeting on 30 April 2025. During the fiscal year, it reduced the number of shares held in 2 issues and sold all shares in Toyota Motor Corporation. - FY2024AdvancedAnnual report
「For investment shares held for purposes other than pure investment, the company specifically examined their medium- to long-term economic rationality, future prospects and the purpose of continuing to hold them, and verified the appropriateness of the holdings at a Board of Directors meeting in April 2024.」
For strategic shareholdings, the company verified the appropriateness of each holding at a Board of Directors meeting in April 2024. - FY2023AdvancedAnnual report
「For investment shares held for purposes other than pure investment, the company specifically examined their medium- to long-term economic rationality, future prospects and the purpose of continuing to hold them, and verified the appropriateness of the holdings at a Board of Directors meeting in April 2023.」
For strategic shareholdings, the company verified the appropriateness of each holding at a Board of Directors meeting in April 2023. - FY2022AdvancedAnnual report
「For investment shares held for purposes other than pure investment, the company specifically examined their medium- to long-term economic rationality, future prospects and the purpose of continuing to hold them, and verified the appropriateness of the holdings at a Board of Directors meeting in April 2022.」
For strategic shareholdings, the company examined the economic rationality and other factors for each issue, and verified the appropriateness of the holdings at a Board of Directors meeting in April 2022. - FY2021AdvancedAnnual report
「For investment shares held for purposes other than pure investment, the company specifically examined their medium- to long-term economic rationality, future prospects and the purpose of continuing to hold them, and verified the appropriateness of the holdings at a Board of Directors meeting in April 2021.」
For strategic shareholdings, the company examined the economic rationality and other factors for each issue, and verified the appropriateness of the holdings at a Board of Directors meeting in April 2021. - FY2020AdvancedAnnual report
「For investment shares held for purposes other than pure investment, the company specifically examined their medium- to long-term economic rationality, future prospects and the purpose of continuing to hold them, and verified the appropriateness of the holdings at a Board of Directors meeting in April 2020.」
For strategic shareholdings, the company examined the economic rationality, future prospects and purpose of continuing to hold each issue, and verified the appropriateness of the holdings at a Board of Directors meeting in April 2020. - FY2019First statedAnnual report
「The company holds investment shares whose purpose is other than pure investment after comprehensively considering their necessity, based on the view that maintaining and strengthening long-term, stable business relationships through shareholdings contributes to the smooth conduct of its business and the enhancement of corporate value over the medium to long term. In line with this policy, if it determines that an investment share held for a purpose other than pure investment is no longer necessary, it will review the holding, including by reducing it.」
The company first explicitly stated its policy of reviewing strategic shareholdings, including reducing holdings whose necessity is not recognized, while citing long-term, stable business relationships as the reason for holding them.