Strategic Shareholdings Held to Maintain and Strengthen Business and Alliance Relationships
First written in FY2017. 11 of 15 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「For fiscal 2025, the Board of Directors and other bodies examined individual securities in August and September.」
In fiscal 2025, the company examined individual policy-held shares at Board of Directors meetings and continued selling them to provide funds for strategic investments and other purposes. - FY2024AdvancedAnnual report
「For use as a source of funds for strategic investments and other purposes, and to review cross-shareholdings in accordance with the Corporate Governance Code」
The company continued selling shares to review policy-held shares and provide funds for strategic investments, and in addition to the sales during the fiscal year, resolved to sell and completed the sale of shares in 3 listed securities held by a wholly owned subsidiary in April 2024. - FY2024-Q2AdvancedAnnual report
「(1) Reason for selling investment securities To use the proceeds as a source of funds for strategic investments and other purposes, and to review strategic shareholdings based on the Corporate Governance Code」
The company and its wholly owned subsidiaries sold shares in 2 listed securities to review policy-held shares and provide funds for strategic investments. - FY2023AdvancedAnnual report
「For fiscal 2022, the company reviewed individual issues at meetings of the Board of Directors and other meetings held in September and October.」
For strategic shareholdings, the company reviewed whether continued ownership of individual issues was appropriate in fiscal 2022 and disclosed 35 unlisted issues valued at ¥8.674 billion and 17 listed issues valued at ¥292.565 billion. - FY2022AdvancedAnnual report
「For fiscal 2021, the company reviewed individual issues at meetings of the Board of Directors and other meetings held in October and December.」
For strategic shareholdings, the company reviewed individual issues at meetings of the Board of Directors and other meetings in fiscal 2021 and sold 4 issues other than unlisted shares. - FY2022-Q3AdvancedAnnual report
「(1) Reason for selling investment securities To use held assets as a source of funds for strategic investments」
The company sold held assets, including strategic shareholdings, to use the proceeds as a source of funds for strategic investments. - FY2021AdvancedAnnual report
「For fiscal 2020, the company reviewed individual issues at meetings of the Board of Directors and other meetings held in October, November, and December.」
For strategic shareholdings, the company also verified economic rationality using the cost of capital as the benchmark in fiscal 2020 and positioned the sale of held shares as a source of funds for growth investments. - FY2020AdvancedAnnual report
「The company sells strategic shareholdings when it determines, in light of the status at the end of the most recent fiscal year, that there is no longer sufficient significance in holding them. Each year, the Board of Directors comprehensively considers the purpose of holding each strategic shareholding, the status of the relationship, economic rationality, and other factors to verify whether continued ownership is appropriate.」
For strategic shareholdings, the company adopted a policy of selling shares whose significance as holdings is not recognized, in addition to conducting an annual review by the Board of Directors, and sold 3 listed issues during the fiscal year. - FY2019AdvancedAnnual report
「Each year, the Board of Directors comprehensively considers the purpose of holding each strategic shareholding, the status of the relationship, economic rationality, and other factors to verify whether continued ownership is appropriate. Economic rationality is verified based on the benefits and risks associated with holding the shares, using the company’s cost of capital as the benchmark.」
For strategic shareholdings, the company explicitly stated that the Board of Directors verifies each year whether continued ownership is appropriate and confirms economic rationality using the cost of capital as the benchmark. - FY2018RestatedAnnual report
「Of the company’s investment securities, the aggregate number and balance-sheet carrying amount of issues held for purposes other than pure investment were 61 issues and ¥187.29 billion, respectively. The purposes of holding them were to maintain and strengthen business relationships and alliance relationships in managing the group.」
The company continues its policy of holding strategic shareholdings to maintain and strengthen business and alliance relationships. - FY2017First statedAnnual report
「Of the company’s investment securities, the aggregate number and balance-sheet carrying amount of issues held for purposes other than pure investment were 58 issues and ¥121.928 billion, respectively. The purposes of holding them were to maintain and strengthen business relationships and alliance relationships in managing the group.」
For strategic shareholdings, the company stated that the purpose of holding them was to maintain and strengthen business and alliance relationships, and disclosed the number of issues and their carrying amount.